The Capesize freight rate as a percentage of the seaborne iron ore price has touched a record low, with a supply crunch for the mineral along with excess tonnage availability altering the correlation. The share of the key Brazil to China Capesize freight rate in the benchmark S&P Global Platts IODEX 62% Fe CFR China …

The post Capesize freight share in IODEX hits five-year low on excess tonnage, limited mineral supply first appeared on Hellenic Shipping News Worldwide.