Remember freight charges are for both ways unless another cargo is obtained. It would cost almost A$1 million for one 27,000 tonne shipment to China. Thats almost 20% of the Mn ore price CIF China. I think you'll hear all about it in the quarterly report.
Smaller-sized bulker daily rates exceed $30,000
The smaller-sized bulk carriers are gaining momentum, with rates pushing past $30,000 per day.
Remember freight charges are for both ways unless another cargo...
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| E25 (ASX) Chart |