Wed, 29 Sep 2021 21:00:58 +0000
As the average length of the journey increases, partly due to port congestions in China, soaking up capacity and pushing up spot rates, shipowners will likely be enjoying high freight rates until the end of the year. Iron ore spot freight rates from Western Australia, to Qingdao, China have jumped 163% to USD 21.82 per …
The post BIMCO: Iron ore spot freight rates spike 163% to lift Capesize earnings first appeared on Hellenic Shipping News Worldwide.
Full article: https://www.hellenicshippingnews.com/bimco-iron-ore-spot-freight-rates-spike-163-to-lift-capesize-earnings/