Global Maritime Hub
No Result
View All Result
  • Login
  • Reports & Presentations
    • All
    • Economic Impact
    • Emissions, Fuel Technology & Environment
    • Financing
    • Hinterland & Intermodal
    • Offshore Vessels Market
    • Piracy & Security
    • Port Environmental Impact
    • Ports & Terminals
    • Ship Building
    • Shipping Economic Trends & Regions
    • Shipping Workforce Issues
  • Blog
  • Events
  • Industry Links
    • Broker
    • Certification
    • Consultant
    • Industry Association
    • Institute & Think Tank
    • Legal Experts
    • Official Institution / Body
    • Port & Port Authority
    • Recruitment Specialist
    • Research & Market Data
    • Shipping Company
    • Industry Blog
    • Trade Media
    • Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Reports & Presentations
    • All
    • Economic Impact
    • Emissions, Fuel Technology & Environment
    • Financing
    • Hinterland & Intermodal
    • Offshore Vessels Market
    • Piracy & Security
    • Port Environmental Impact
    • Ports & Terminals
    • Ship Building
    • Shipping Economic Trends & Regions
    • Shipping Workforce Issues
  • Blog
  • Events
  • Industry Links
    • Broker
    • Certification
    • Consultant
    • Industry Association
    • Institute & Think Tank
    • Legal Experts
    • Official Institution / Body
    • Port & Port Authority
    • Recruitment Specialist
    • Research & Market Data
    • Shipping Company
    • Industry Blog
    • Trade Media
    • Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
Global Maritime Hub
No Result
View All Result
Home Shipping Trends

Capesize freight rates rise higher, demand strong

Editor by Editor
8 months ago
min read2 min
Capesize freight rates rise higher, demand strong
Share on FacebookShare on TwitterShare on Linkedin

Freight charges for Capesize carriers shipping iron ore from Brazil and Australia to China have risen to a relatively high level, having doubled over the past month mainly because the major iron ore miners are active in shipping their ore, according to market sources on Friday (July 3).

RELATED POSTS

Transatlantic Blank Sailings

Uptick in blank sailings on Transatlantic

2 days ago
Asia to South America trade

Strong points on the Asia to South America trade

4 days ago
Shanghai Containers Availability

Shanghai shows a positive container availability trend

1 week ago

As of July 2, the freight charge between Brazil’s Tubarao and China’s Qingdao ports stood at $19.93/tonne, up by a large $11.43/t or 134.4% on month, though down $1.79/t or 8.2% on week. Similarly, freight between Port of Dampier in Western Australia and Qingdao also rallied to $10.42/t by July 2, higher by $5.94/t or 132.3% on month, also up $0.68/t or 7% on week. Overall, freight charges for both routes were still at the highs recorded since last December.

“This ongoing rise in freight rates for Capesize carriers is largely a result of the major iron ore miners in Australia and Brazil actively shipping their iron ore tonnages when ore prices are persistently hovering at relatively high levels,” a Singapore-based analyst commented.

Mysteel’s survey also showed the same trend, with the total volume of iron ore dispatched to global destinations from the 19 ports and 16 mining companies in Australia and Brazil reaching 109.53 million tonnes in the four weeks over June 1-28, up by 16% from the previous four weeks. Over the survey period, the volume from Australia climbed by 12% and that from Brazil was higher by 29%.

According to the analyst, the recent softening of freight charges in the Atlantic market occurred because the previous surge in charges had resulted in more cargoes being allocated to this area, which saw the limited availability gradually ease.

Nevertheless, for now the higher freight charges don’t seem to be pushing iron ore prices higher, Mysteel Global observed.

During June, Mysteel’s SEADEX 62% Fe Australian Fines, for example, just hovered in the $98.6-105.65/dmt range, and as of July 2 it stood at $99.75/dmt. Similarly, Mysteel’s SEADEX 65% Fe Brazilian Fines lingered in the band of $112.75-119.65/dmt in June and stood at $113.05/dmt on July 2. Both are in terms of CFR Qingdao, East China’s Shandong province.

Capesize dry bulk carriers, usually at 100,000 deadweight tonnes and above, are most engaged in shipping iron ore from Australia, Brazil, and South Africa, to destinations such as China, Mysteel Global notes.

Source: Mysteel Global

Tags: AustraliaBrazilcapesizeChinadry bulk carriersIron Ore ShippingMysteel GlobalSouth Africa
Editor

Editor

Related Posts

Transatlantic Blank Sailings
Shipping Trends

Uptick in blank sailings on Transatlantic

2 days ago
Asia to South America trade
Shipping Trends

Strong points on the Asia to South America trade

4 days ago
Shanghai Containers Availability
Shipping Trends

Shanghai shows a positive container availability trend

1 week ago
Top 25 Ports
Ports and Terminals

China Ports Occupy 5 of Top 6 Positions

2 weeks ago
Transpacific contract rates
Shipping Trends

Transpacific contract rates expected to rise as demand remains strong

2 weeks ago
North Europe port congestion
Shipping Trends

Zooming in on North Europe port congestion

3 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

Shanghai Containers Availability

Shanghai shows a positive container availability trend

February 25, 2021
Transpacific contract rates

Transpacific contract rates expected to rise as demand remains strong

February 22, 2021
bunker fuel prices

Bunker Fuel Weekly Outlook, Week 06

February 11, 2021

Recent Post

Transatlantic Blank Sailings

Uptick in blank sailings on Transatlantic

March 4, 2021
Asia to South America trade

Strong points on the Asia to South America trade

March 2, 2021
bunker fuel prices

Bunker Prices Weekly Outlook, Week 08

February 25, 2021
Shanghai Containers Availability

Shanghai shows a positive container availability trend

February 25, 2021
Top 25 Ports

China Ports Occupy 5 of Top 6 Positions

February 22, 2021
Transpacific contract rates

Transpacific contract rates expected to rise as demand remains strong

February 22, 2021

Online platform for sharing information & analysis on trade, shipping, ports and the maritime business more info

Categories

  • Shipping Economic Trends & Regions
  • Ports & Terminals
  • Piracy & Security
  • Emissions, Fuel Technology & Environment
  • Economic Impact
  • Financing
  • Ship Building
  • Hinterland & Intermodal
  • Offshore Vessels
  • Port Environmental Impact
  • Shipping Workforce

Recent Posts

Uptick in blank sailings on Transatlantic

Strong points on the Asia to South America trade

Bunker Prices Weekly Outlook, Week 08

Weekly Updates

Sign up to receive our weekly newsletter (each Thursday) with new shipping industry market reports, presentations & analysis.

© 2020 GlobalMaritimeHub | All Rights Reserved

No Result
View All Result
  • Reports & Presentations
    • All
    • Economic Impact
    • Emissions, Fuel Technology & Environment
    • Financing
    • Hinterland & Intermodal
    • Offshore Vessels Market
    • Piracy & Security
    • Port Environmental Impact
    • Ports & Terminals
    • Ship Building
    • Shipping Economic Trends & Regions
    • Shipping Workforce Issues
  • Blog
  • Events
  • Industry Links
    • Broker
    • Certification
    • Consultant
    • Industry Association
    • Institute & Think Tank
    • Legal Experts
    • Official Institution / Body
    • Port & Port Authority
    • Recruitment Specialist
    • Research & Market Data
    • Shipping Company
    • Industry Blog
    • Trade Media
    • Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login

© 2020 GlobalMaritimeHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

Brighten Up Your Thursday!

SIGN UP to receive our free weekly newsletter with new shipping market reports, presentations & analysis! EVERY THURSDAY!