Benchmark freight rate for large crude oil carriers from Middle East to China jumped around 18% on Friday because of US sanctions on COSCO Shipping. It is the highest level since 9 months ago. This company is accused as it has been working with Iran! However some of these tankers are now loading US oil to destination of China and India (DaMingHu and CospearLake).
- The relation of Iron ore price with Chinese iron ore stocks
- USD on a bullish trend!