Surging freight rates in Asia push mineral shipping costs higher
Published: Tuesday, 25 April 2017
Rising freight rates in Asia continued to lift transportation costs for a number of industrial minerals from China, with buyers telling IM that vessel space is limited despite the higher cost.
Surging container freight rates in Asia amid reduced vessel
supply are pushing costs upwards in April, a number of
industrial minerals buyers told IM.
As China is one of the largest industrial minerals
suppliers, the higher freight rate has contributed to an
increase in cost across a number of minerals,...