Lower prices on iron ore will likely reduce freight activity going forward, says Platou in an analysis. Late last week the spot price on iron ore decreased to USD 87 per ton, the lowest level since 2009.
"In our view, the price decline is primarily due to a supply glut of the material. Comments from the global iron ore miners indicate that a price war may have broken out," says Platou.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
One large container ship would spend green energy corresponding to annual consumption of 139,000 households
How can shipping decarbonize if merely one container ship would claim an amount of sustainably produced energy corresponding to the annual consumption of Trondheim in Norway, a professor asks. Now, he presents a plan to the Research Council of Norway, which some might deem controversial.
Skuld has passed deadline for terminating business with Sovcomflot
Sanction-hit Russian tanker carrier Sovcomflot is no longer part of Skuld’s insured fleet, ShippingWatch learns. The deadline for ending the customer relationship has passed. Skuld refrains from commenting.
The von Appen family's trusted is first and foremost a dry cargo charterer
Hans-Christian Olesen, who has taken over leadership of Ultrabulk from Per von Appen, has grown up as a charterer and still travels around, making deals with customers. ShippingWatch has met the new chief executive.
Toll Group reshuffles management – Thomas Knudsen new chair
Former Maersk executive Thomas Knudsen moves from the position as CEO to chairman of the board at logistics firm Toll Group.
Maersk sees increased probability of container fee in US ports
Likelihood of a fee on containers in the ports on the US west coast ”has risen significantly this month,” assesses Maersk. So far, the container dwell fee has been postponed several times.
Marine Sales Executive - Performance Coatings 
Port Director for the Port of Kolding 
Team Manager 
Senior Finance Business Partner