Tag: BHP
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Dry bulk iron ore freight rates hold firm w-o-w in Pacific; Atlantic market softens
Iron ore freights presented a mixed picture this week – Australian routes ticked up on improved Pacific sentiment, Atlantic softened on weaker long-haul activity, while the Indian route held steady on balanced supply-demand conditions. Paradip-Qingdao: Rates were stable w-o-w at $11.30/dmt Hedland-Qingdao: Freights were at $12.10/dmt (+$0.11/dmt) Tubarao-Qingdao: Rates were assessed at $24.40/dmt (-$0.75/dmt) Saldanha…