# Welcome to the dry bulk jungle - Splash247

> The first iron ore export ports serving the Simandou mine in West Africa have opened, adding new supply. Capesize freight rates on the Australia-China and Tubarao-Qingdao routes moved within a volatile range through November, with monthly averages near $26,000-28,000 per day.

- Date: 2025-11-25 · published 2025-11-25T12:00:00.000Z
- Category: logistics · region West Africa · magnitude low
- Page: https://feedsoft.ai/events/16903-welcome-to-the-dry-bulk-jungle-splash247
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

New iron ore supply from Simandou adds capesize tonne-miles but also pressures iron ore prices, leaving the net effect on dry bulk freight mixed. The story has little direct bearing on feed commodity prices.

## Read by commodity

- OCEANFRT: neutral

## Sources

- splash247.com: https://splash247.com/welcome-to-the-dry-bulk-jungle/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.