Capesize Rates at 18-Month High on Strong China Demand

Capesize rates hike 18-month high, says an article on S&P Global.

China’s insatiable demand for iron ore and a bullish Freight Forward Agreement, or FFA, market along with a displaced tonnage supply situation has driven up Capesize dollar per ton freight rates to an 18-month high.

Freight levels on key iron ore shipping routes — Western Australia to China and Brazil to China — have spiked noticeably from early April, after witnessing a surprisingly...

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