Global iron ore shipments increased 3.8% Y/Y, according to BIMCO
NewsGlobal iron ore shipments rose in Q1 2024 but with Chinese steel production weaker than expected, future shipments may decline due to oversupply.
Freight rates have risen inexorably over the last 12 months and the trend shows no real signs of abating. A key underlying cause has been seemingly insatiable demand for iron ore in China
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