- Singapore — The Capesize freight rate as a percentage of the seaborne iron ore price has touched a record low, with a supply crunch for the mineral along with excess tonnage availability altering the correlation.
- The share of the key Brazil to China Capesize freight rate in the benchmark S&P Global Platts IODEX 62% Fe CFR China index fell below 8%.
A strong iron ore market has not really helped perk up Capesize freight rates. The Platts IODEX 62% CFR price has...
https://mfame.guru/capesize-freight-share-in-iodex-hits-five-year-low-on-excess-tonnage/