Dry bulk iron ore freight rates inch up w-o-w
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: Rates increased by $0.04/dmt to $17.99/dmt.