Tag: Richards Bay

Dry bulk iron ore freights strengthened w-o-w, supported by steady fixtures and firmer FFA sentiment. Chinese restocking ahead of winter kept demand stable, however, balanced vessel supply limited sharp rate movements. Paradip-Qingdao : Freights rose $0.27/dmt w-o-w to $11/dmt. Hedland-Qingdao : Rates remained stable at $10.30/dmt. Tubarao-Qingdao : Freights rose $0.15/dmt to $23.51/dmt. Saldanha Bay-Qingdao:…