A significant increase in the spot rates for iron ore transports to China has generated lucrative prospects for owners of large capesize vessels, a high level that is expected to continue throughout the rest of the year, writes Bimco in an update.
The shipping association points out that the spot rates for iron ore from Western Australia to China have gone up by 163 percent to USD 21.8 per tonne since the same time last year.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.