Iron ore freight rates
WebOct 25, 2024 · Platts forecast Capesize iron ore freight rate from Port Hedland in Western Australia to China to average $19.32 per wet tonne in October, its highest in over a … WebFeb 3, 2024 · Capesize rates to ship the steel-making raw material from Brazil to China have fallen 60% from October, according to the Baltic Exchange, while the widely watched global Dry Index has slumped 75%...
Iron ore freight rates
Did you know?
WebJun 10, 2024 · Iron ore freight rates might face an increase between iron ore producers Brazil, Australia and Indonesia, to the largest importer China with IMO 2024 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. ... WebDec 17, 2013 · Daily rates in the Capesize sector rose from $15,000 to more than $40,000 per day, but dropped to $36,500 per day at month’s end. Similar results were noted in the smaller-sized vessels, but for lesser amounts. For example, spot earnings for Panamaxes increased from $8,000 to $14,000 per day.
WebJun 1, 2024 · That said, those volumes did little to help Capesize freight rates in 2024, which averaged USD 12,660 per day in the first four months of that year. The difference this … Web1 day ago · (Bloomberg) -- The key iron ore export hub of Port Hedland reopened after the biggest cyclone to hit Western Australia in at least a decade made landfall, with a major gold mine lashed by ...
WebThe link between the Iron Ore Trade and Dry Bulk Freight rates The iron ore share in total dry bulk trade measured by volume was 32%* in 2024 and is as such the largest commodity group. WebMay 15, 2024 · One additional key driver that seems to have supported the recent rally of iron ore freight rates ($/t) is the vessel supply at major loading ports in W. Australia, Brazil and South Africa (Chart 3).
WebJul 28, 2024 · He said rates for capesize vessels — the largest category of ships that carry dry cargo and raw materials such as grain, iron ore and coal — are around the levels seen in mid-2024. Reuters...
WebIron mining in the United States produced 48 million metric tons of iron ore in 2024. [1] Iron ore was the third-highest-value metal mined in the United States, after gold and copper. [2] … shelley wesselsWebMay 9, 2013 · discharge bulk materials at rates of 5,000 to 10,000 . 62 . Great Lakes Shipping-Pricing Behavior ofthe Modes metric tons per hour. 'The Staggers Act of 1980W ... Today, iron ore shipping on the Great Lakes can be identified as vertically integrated in that ownership of the railroads, vessels, and docks is held in the : shelley wells clarion iaWeb“Freight rates on the [Western Australia to China iron ore route] did come off on April 11 with the last fixed at $7.95/wmt,” said a shipbroker source. There were shippers who usually … shelley werner acupunctureWebOcean freight rates for shipping bulk grain and other agricultural products, such as forest products, are determined in competition with the shipments of other bulk commodities … shelley welton upennWebThe iron ore freight rate from Port Hedland to Qingdao was set at $15.40/wmt on August 18. The highest level since $15.75/mt on December 12, 2013. The S&P Global Platts Cape T4 … shelley western modelWebFree shipping for many products! Find many great new & used options and get the best deals for 194 Rare Rainbows Porphyry Copper Ore &Siderite Iron ore Mineral Speimen/China at the best online prices at eBay! Free shipping for many products! ... Sales Tax Rate * Tax applies to subtotal + shipping & handling for these states only. Return policy. spokane valley wa cost of livingWebFeb 14, 2024 · Iron ore prices, GDP growth in China and the freight rates were found to be cointegrated, and the short-run results indicated that GDP growth in China had the strongest impact on the iron ore price series between 2003 and 2012. shelley wellington