Dry bulk iron ore freights strengthen w-o-w
Dry bulk iron ore freights increased w-o-w, supported by steady demand and stronger market sentiment. Continued Chinese restocking ahead of winter kept demand stable, while overall vessel supply remained balanced, preventing any sharp swings in rates.
- Paradip-Qingdao: Rates stood at $11.76/dmt (+$0.76/dmt w-o-w)
- Hedland-Qingdao: Freights were at $10.78/dmt (+$0.48/dmt)
- Tubarao-Qingdao: Rates were assessed at $24.74/dmt (+$1.23/dmt)
- Saldanha Bay-Qingdao: Freights stood at $18.69/dmt (+$0.7/dmt)