Tag: Capesize vessel

The recovery in demand for Capesize iron ore vessels have rescued the freight rate out of the multi-year lows for the core routes and as of April 14, the rate between Brazil’s Tubarao and China’s Qingdao, for example, reversed up to $11.5/tonne from its 3.5 year-low of $9.2/t on March 30. Similarly, the freight charges…