Fortescue Metals Group (FMG) has increased its iron ore exports to 12.2m tonnes in the three months to September, up from 10.1m for the same quarter last year.
This increase is further verification that the rise in Capesize rates is no short-term spike.
Average timecharter rates increased $3,500 to $31,300, as all major iron ore players were in action.
Sydney-listed FMG is the country's third largest producer after BHP Billiton and Rio Tinto.
It
