Dry bulk iron ore freights strengthen w-o-w as spot fixtures, FFAs climb

Dry bulk iron ore freights strengthened w-o-w, supported by higher fixtures, firmer FFAs, and increased Chinese restocking ahead of winter.

• Paradip-Qingdao: Freights rose $0.43/dmt w-o-w to $10.73/dmt.
• Hedland-Qingdao: Rates increased $1/dmt to $10.30/dmt.
• Tubarao-Qingdao: Freights rose $0.33/dmt to $23.36/dmt.
• Saldanha Bay-Qingdao: Rates increased $0.32/dmt to $17.95/dmt.