Tag: iron ore vessel freight

Dry bulk iron ore freight rates inch up w-o-w on vessel shortage

Feb 26, 2025

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by

Nidhi Awasthi

in Fines/Lumps

Baltic Capesize index up by 275 points w-o-w Spot iron ore prices in China witness marginal correction Dry bulk iron ore freight rates from India to China increased this week, driven by robust demand and limited vessel availability in the Asian market, which continues to support higher rates. While the US Gulf saw a slowdown…