Minerals shipping delayed on push for higher freight rate
Published: Friday, 23 December 2016
Deliveries of some industrial minerals have been delayed as container shipping companies are giving priority loading to higher-value cargo. Minerals suppliers are reportedly having to pay higher freight rates in order to secure space for prompt shipment.
As 2016 draws to a close some industrial minerals suppliers
were facing delayed deliveries as container carriers insist on
higher freight rates for prompt shipment due to lack of space,
market participants told IM.
Although some traders had previously locked in lower freight
rates through long-term shipping contracts, several