Growing VLOC Dominance in Simandou Trade

According to SSY, almost half of Simandou iron ore shipments are already being carried by very large ore carriers (VLOCs), while Chinese tonnage accounts for nearly 40% of the current VLOC orderbook. While Simandou is expected to generate substantial long-haul iron ore demand and boost overall tonne-miles, much of the trade could be handled by dedicated VLOC fleets rather than the open Capesize market.

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