Platts declared that Rio Tinto has continued to sell substantial volumes of iron ore on the spot market and that its bottom line could be hit by ongoing price negotiations with its Chinese customers. For full story, click here
Platts declared that Capesize iron ore freight rates have maintained their upward momentum over the last week, receiving additional support from ship operators taking ships on long-term time charters in addition to ongoing chartering activity by iron ore producers and traders on cargoes destined for China. For full story, click here
Platts declared that strong spot market iron ore and related freight activity has helped push Capesize iron ore freight rates on key routes to three-month highs as ship availability remains tight amid the steady offtake of vessels. For full story, click here
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