Seatrade Maritime News
February 19, 2025 at 01:39 PM
Iron ore disruptions weigh heavy on the Capesize market
Iron ore shipments fell 7% in the first seven weeks of 2025 leading to multi-year lows for Capesizes but the futures market show optimism for a spot rate spike.
Bimco Shipping Analysis Manager Filipe Gouveia noted that global iron ore shipments had fallen 7% in the first seven weeks of 2025 due to supply disruptions and low Chinese demand.
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