- Capesize Brazil to China rate at decade high as ship supply tightens
- freight up on spike in Brazil iron ore demand
Capesize freight rates on the key iron ore route from Brazil into China hit a decade high on Aug. 18 on bullish fundamentals and the resurgence of activity in the Atlantic region says an article on SP Global.
High freight rates
Strong demand for shipping iron ore out of Brazil, firm sentiment in the Forward Freight Agreement, or FFA, rates, and tighter tonnage supply due to congestion at Chinese ports have driven freight rates higher.
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Source: SP Global