Tag: China
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Iron ore freight rates strengthen on strong Capesize demand, tightening supply
Freight activity strengthens across basins amid mixed routes BDI surges on Capesize demand; freight outlook remains firm Iron ore freight rates increased across key Capesize and Supramax routes in the week ended 5 December, supported by strong Chinese demand, rising chartering activity, and tightening vessel supply. Market sentiment remained upbeat in both the Atlantic and…