Search results for: Iron Ore

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  • 19 April 2017
    Business & Finance

    Alongside shipping of grains, China’s import of iron ore is set to continue to be a key driver for the demand growth in 2017 for the dry bulk shipping industry, according to international shipping association BIMCO. During the first three months of 2017 the industry experienced an accumulated growth rate of 9.5% compared to the same quarter […]

  • 6 December 2012

      China’s continued hunger for iron ore for its steel-making industry, alongside coal imports, is expected to become stronger in 2013. Steel for property units (housing), infrastructure and machinery are key drivers behind the commodity demand that spurs tonnage demand for larger dry bulk vessels. Chief Shipping Analyst at BIMCO, Peter Sand, says: “As we […]

  • 26 June 2014
    Business & Finance

    Liquefaction of mineral ores, resulting in cargo shift and loss of stability, has been a major cause of marine casualties for many decades. Recent incidents, which appear to have lead to several total losses, have primarily involved the carriage of unprocessed natural ores such as iron ore fines. Associated with some of these casualties and near misses has been poor […]

  • 18 June 2014
    Business & Finance

    China is interested in joining forces with Brazilian miner Vale to transfer iron ore from its huge Valemaxes onto smaller vessels, as these large vessels are banned from Chinese ports, writes Drewry. The shipping partnership would save money, as moving iron ore from Valemax ships, which boast a carrying capacity of over 400k tonnes of […]

  • 30 January 2017
    Business & Finance

    At the start of 2016 the outlook for Chinese iron ore import growth appeared challenging, however, the imports went on to significantly outperform expectations during the year and break the 1 billion tonne mark along the way, according to Clarkson Research. Chinese iron ore import growth performed at a level far higher than many had […]

  • 25 August 2008

    News – August 25, 2008 Adriana Resources Inc has announced that it has reached an agreement with ArcelorMittal, the world’s leading steel company, on the principal terms for the development of an iron ore port facility in the State of Rio de Janeiro, Brazil. The Port will be constructed on land acquired by Adriana in […]

  • 26 August 2010

    Norwegian banker DNB Nor Markets has expressed confidence in the dry bulk market following increasing exports of coal and iron ore from Australia. Australia will remain the world’s largest iron ore exporter, followed by Brazil, with iron ore port capacity increasing by 86.3 percent worldwide between 2009 and 2015. During the same period, the bank […]

  • 8 August 2014
    Business & Finance

    Brazilian mining giant Vale is looking to expand its shipping fleet as it eyes doubling of iron ore shipments to China, according to Jose Carlos Martins, Vale’s head of ferrous metals. To support the export volume increase Vale is reviewing its options which include adding new extra large carriers, through ownership or leasing, the second […]

  • 18 April 2019
    Business & Finance

    BIMCO: Dry bulk shipping industry is feeling the impact of a continuing decrease in Chinese iron ore imports.

  • 4 November 2014
    Business & Finance

    In the first three quarters of 2014, Brazilian iron ore exports have gone up by more than 6% on a global scale and since a growth of 10% is expected for the full year, Q4 appears to be heading in the same direction, according to BIMCO. Both Australian and Brazilian iron ore exports have long […]

  • 2 July 2014
    Business & Finance

    BHP Billiton has marked the shipment of its one billionth tonne of iron ore to Japan in Port Hedland, Western Australia.   Speaking at the event in BHP Billiton President Iron Ore Jimmy Wilson recognised Japan’s contribution to the development of the Pilbara. “The first tonne of iron ore shipped to Japan back in 1966” “BHP Billiton […]

  • 9 August 2012
    Business & Finance

      Novorossiysk Commercial Sea Port Group (“NCSP Group” or the “Group”) announces that on 6 August 2012 its Board of Directors has approved leasing contracts for seven new cranes. The two LIEBHERR LHM 550 mobile harbour cranes have a lifting capacity of 124 tones and are planned to be used for container handling at the […]

  • 24 January 2014
    Business & Finance

    The London P&I Club says the lifting of an iron ore ban in India, together with the recent total loss of two ships, has put the spotlight once again on the problem of cargo liquefaction.  In the latest issue of its StopLoss Bulletin, the club says, “There are specific challenges involved in the export of […]

  • 21 March 2016
    Business & Finance

    China Merchants Energy Shipping’s (CMES) subsidiary, Hong Kong Ming Wah Shipping, has signed a deal to transport iron ore for the Brazilian mining company Vale for a period of up to 27 years. The contract was signed by President of CMES, Xie Chunlin, and Vale’s Executive Manager for Shipping and Marketing Iron Ore, Luiz Meriz, in Beijing on March 21. The deal is […]

  • 2 January 2012

    Fuel oil unloading from the stricken Vale Beijing large iron-ore transport ship was postponed on Thursday due to strong winds and tides that are making the operation unsafe, Dow Jones reports. Removal of approximately 7,000 metric tons of fuel oil from the ship must be carried out in the near future so as to prevent the […]

  • 2 August 2017

    Dry bulk shipping charter rates are expected to continue to recover with firm demand and controlled fleet growth, shipping consultancy Drewry said. In it latest report, Drewry has revised its charter rates forecast in the short term as the date to implement ballast water management systems (BWMS) has been postponed by two years, bringing down […]

  • 4 September 2006

    Nippon Yusen KK (NYK) (9101.TO) said Wednesday that it has signed a 25-year charter contract accord to transport iron ore with China’s Beitai Iron & Steel Group Co., riding on the wave of the booming Chinese economy. Under the accord, the Japanese marine transport company will transport a total of 700,000 metric tons of iron […]

  • 9 September 2015
    Business & Finance

    Brazil’s Porto Sudeste has been officially commissioned having sent off its first iron ore shipment to China. The announcement comes following several delays, including the one in January this year, as the port operators were waiting for a navy permit. As informed, the Porto Sudeste began to receive iron ore to be used on the first shipment for […]

  • 9 September 2015
    Business & Finance

    Brazil’s Porto Sudeste has been officially commissioned having sent off its first iron ore shipment to China. The announcement comes following several delays, including the one in January this year, as the port operators were waiting for a navy permit. As informed, the Porto Sudeste began to receive iron ore to be used on the first shipment for […]

  • 14 January 2014
    Business & Finance

    EMO hits a new dry bulk discharge record today — the billionth tonne of dry bulk. A milestone for Europe’s largest dry bulk terminal. Forty years ago, EMO unloaded its first tonne of iron ore (November 28th 1973). Now the terminal has reached the billion tonne mark. The honour goes to the Vale China. The […]

  • 2 November 2011

    Fluor Corporation announced that the Fluor SKM Iron Ore Joint Venture was awarded a new contract from BHP Billiton Iron Ore for additional… (steelguru) [mappress] Source: steelguru, November 2, 2011;

  • 3 February 2019
    Business & Finance

    The latest disaster at the Brazilian mine Córrego de Feijão is likely to reduce Capesize demand by some 35-40 vessels in 2019.