According to the Baltic Exchange dayrates for tonnage trading spot fell to approximately $13,500, which is nearly17% lower than levels logged yesterday and represents a decline of 28%week-on-week.
In a client briefing Erik NikolaiStavseth of Arctic Securities said scheduled iron ore loadings out of Brazilhave surged over the past few weeks which is why he believes an upturn infreight rates is “likely” in the near-term.
Yesterday
