Asia Dry Bulk-Capesize rates could climb on higher iron ore volumes

jueves 14 de julio de 2016 04:55 GYT

* Capesize rates from Australia and Brazil flat, stable - brokers

* Panamax rates hit a new nine-month high

* Supramax rates rise to $6,200 per day on strong coal volumes

By Keith Wallis

SINGAPORE, July 14 (Reuters) - Freight rates for large capesize dry cargo ships on key Asian routes could rise next week on higher volumes of iron ore cargoes, ship brokers said.

"It's a bit more positive, optimistic next week," a Singapore-based capesize broker said on Thursday.

Australian iron ore miners BHP Billiton and Fortescue Metals Group, which have largely been absent from the chartering market this week, could step up iron ore shipments on higher iron ore prices, brokers said.

"It's only really been Rio Tinto that's been active for much of this week. BHP has taken the odd ship," the Singapore broker said.

All the iron ore cargo charters from Australia to China this week were fixed at $4.55 per tonne, signalling a flat market, brokers said.   Continuación...