Iron ore spot freight rates spike 163% to lift Capesize earnings
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The Mercantile Marine department of the Ministry of Shipping, India issues new procedures and check list documents for the loading of iron ore fines.
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In an encouraging development for trade digitalisation, BIMCO's "25 by 25" campaign has surpassed its initial target within its first year, achieving a 25.1% adoption rate of electronic bills of lading in iron ore trade.