- Iron ore freight rates might face an increase between iron ore producers Brazil, Australia and Indonesia, to the largest importer China with IMO 2020 implementation.
- Ships switching to lower sulfur fuels from typical bunker fuel oil may raise costs in hauling the commodity, with higher impact on longer voyages.
- Brazilian iron ore shipments to China will see largest increases, due to distance travelled, potentially rising by over US$6/mt more than 40%.
- Freight from Australia and Indonesia to...
http://mfame.guru/imo-2020-set-to-raise-iron-ore-freight-rates/