December 2022
December 1, 2022
Indian government has removed export duties on Iron Ore imposed in late May, Team Capricorn welcomes the government’s notification and has resumed the negotiations with counter partners in China which were ceased in 2nd quarter of 2022 for monthly shipment of 54-57% Fe.
South African Coal Index has collapsed more than 25% mainly due to low buying from Asia and Europe as adequate inventory is being maintained at discharge ports, our team in monitoring & we expect the index to be stable from January 2023 onwards, similar trend is noted when comparing the data for the last 5 years.
Team Capricorn also had meeting with “RIGHTSHIP” in Singapore mainly for inspection processes to be followed on transhipment vessels operating in Asia | East & West Africa.
