Global iron ore freight rates strengthened w-o-w, supported by firmer Capesize activity. Tighter vessel availability and stronger cargo enquiry provided support to rates, particularly across key Capesize routes, improving overall market sentiment.
India-bound coal freight rates remained under pressure w-o-w, particularly across Pacific routes. Ample vessel availability and limited chartering activity continued to weigh on freight levels, keeping market sentiment subdued despite steady coal demand.
India’s rice export freight market remained mixed w-o-w, with West Africa-bound bulk rates gaining while container rates weakened. Firmer activity across West African bulk routes supported freight levels, while softer container demand and vessel-space availability weighed on container rates.
The following sheet provides a summary of global dry bulk fixtures compiled by BigMint, enabling users to track vessel fixtures, freight trends, cargo movements, and day-to-day developments in the global shipping market.
Leave a Reply