Shipping firms to benefit from rising iron ore exports to China

Overall trade scenario in terms of volumes and freight rates have improved on India-China route

Domestic shipping companies have a reason to cheer as iron ore exports to China witness a surge. With the overall trade scenario in terms of volumes and freight rates, having improved on the India-China route, shipping firms are increasingly deploying large sized-vessels there.

 
“Until September-October last year, there was not a single vessel getting loaded for China. But in the last few weeks, about eight to 10 vessels have been loaded at Goa to get shipped to China,” said Captain Kiran Kamat, managing director at Link Shipping and Management Systems.
 
“In coming months, a maddening rush is expected on