Bulk shipping freight rates have remained steady after a brief spell of higher shipping activity, which arose on account of higher coal shipments to China and India.
Speculations of freight rates going lower are also rife among ship-brokers as shipping activity is likely to wane in the coming days.
Recently, coal imports have risen among Indian and Chinese buyers that led to slight increase in freight rates.
Current freight rates (coal cargoes)
| Route | Supramax | Panamax |
| Australia to India | 13 | 11 |
| South Africa to India | 11 | 9 |
| Indonesia to India | 8 | 6 |
Freights in USD/MT
Source: SteelMint Research
Current freight rates (iron ore cargoes)
| Route | Supramax |
| India to China | 8.5 |
Freights in USD/MT
Source: SteelMint Research
The Baltic Dry Index has recently fallen to 665 points as demand for cargo vessels dipped. The index is an indicator of global freight rate movement in respect to all types of vessels, including coal and iron ore.
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