Tag: supramax freight rates
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Dry bulk iron ore freight rates inch up w-o-w despite sluggish trade activity
Lower freight levels are not acceptable by shipowners Limited trade activities amid less inquiries for iron ore cargoes Dry bulk iron ore freight rates on global routes increased this week. Shipowners are resisting lower freight rates due to uncertainty in the shipping industry and tight tonnage supply. BigMint observed that limited trading activity has been…