Dry bulk iron ore freights rise w-o-w on firmer demand
Iron ore freights rose w-o-w on 27 Jan’26, supported by firmer demand and tightening tonnage. Australia, Brazil, and South Africa saw fixtures conclude at higher levels, while Indian routes stayed supported despite subdued cargo demand.
- Paradip-Qingdao: Rates stood at $9.7/dmt (+$0.3/dmt w-o-w).
- Hedland-Qingdao: Freights were at $7.8/dmt (+$0.1/dmt w-o-w).
- Tubarao-Qingdao: Rates were heard at $22/dmt(+$2/dmt w-o-w).
- Saldanha Bay-Qingdao: Freights were at $15.7/dmt (+1.3/dmt w-o-w).
