SteelMint

Tag: FMG

  • Iron ore Capesize freight rates strengthen w-o-w

    Iron ore Capesize freight rates strengthen w-o-w

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    by

    Rubal Saini
    in

    Capesize rates strengthened on tighter supply and stronger long-haul iron ore demand, while Supramax weakened because it did not benefit from bulk ore flows and faced oversupply and softer minor-bulk demand. Paradip-Qingdao: Rates stood at $11.3/dmt (-$0.46/dmt w-o-w) Hedland-Qingdao: Freights were at $11.99/dmt (+$1.21/dmt) Tubarao-Qingdao: Rates were assessed at $25.15/dmt (+$0.41/dmt) Saldanha Bay-Qingdao: Freights stood…