Dry bulk handysize 38000 dwt carrier rates have tripled since the start of 2021.The high freight rates can be partially attributed to the restrictions and problems at ports due to the pandemic, which are tying up ships for longer than usual. On 1 September 2021, 674 dry bulk ships had been waiting in China for two days or more. On the same day in pre-pandemic 2019, only 287 dry bulk ships had been waiting this long (source: Oceanbolt).
For graph see https://au.investing.com/indices/baltic-handysize.
Travel times from WA to China have risen over 20%.
zircon price market research, page-49
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