Tag: Australia iron ore export
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Dry bulk iron ore freights drop w-o-w but likely to rise later this week
Dry bulk iron ore freights declined w-o-w on 20 Jan’26 amid steady tonnage supply. However, improved fixtures, firmer bunkers, and Baltic index gains lifted Feb laycan rates above Jan, softening corrections and pointing to upward momentum later this week. Paradip-Qingdao: Rates declined $0.1/dmt to $9.4/dmt. Hedland-Qingdao: Freights were stable at $7.7/dmt. Tubarao-Qingdao: Rates fell $0.9/dmt…