Commodore Research & Consultancy managing directorJeffrey Landsberg said the spot deals represented “a very significant amount.”
During all of last year, there were only four weeks where30 or more vessels were chartered to ship spot iron ore cargoes to China, headded.
And all these were in the traditionally stronger second half.
“Chinese steel mills have been continuing to produce arecord amount of steel, which is leading to steel mills consuming a recordamount of iron ore,” Landsberg said.
“Chinese
