Australian ore traffic lends support to Capesize segment of Eastern Hemi
The Asia-Pacific Capesize segment keeps firming up thanks to brisker ore traffic ex Australia, as well as amid lack of tonnage in the region:
Carrying 170,000 t of ore from W.Aus to Qingdao is estimated by ISM at $12-12.5/t;
The deal for transportation of 160,000 t of ore from Dampier to Qingdao has been signed at $11.5-12/t;
The contract for shipment of 170,000 t of iron ore from W.Aus to Qingdao with May 20-29 laycans has been concluded at $12/t.
As for coal shipments from E.Aus, transportation of a Capesize lot of coal from Newcastle to CJK is estimated by ISM at $17/t.
Speaking of exports from South Africa, carrying a Capesize lot of iron ore from Saldanha Bay to Qingdao is quoted by ISM at $19-20/t.