Rio Tinto Pays Highest Fee This Year to Charter Iron Ore-Carrying Capesize
Charter rates for the route surged 12 percent to the highest level in almost 10 months as Rio paid $10.30 for each metric ton of ore hauled on a capesize, a booking list published by the Baltic Exchange showed.
The Baltic Dry Index, a broader measure of commodity shipping costs, advanced 3.9 percent to 1,682, the highest level since Jan. 4.