India: Dry bulk iron ore freights remain stable w-o-w amid muted trade activity

India’s iron ore vessel freights remained firm w-o-w due to limited new cargo inquiries during the holiday season and the absence of fixtures in the Indian market. Asia-Pacific Supramax dry bulk (50,000-55,000 t) freights for iron ore vessels from the east coast of India to China stayed unchanged w-o-w at $12/t on 1 Jan’25, as per BigMint’s assessment.