Subscribe to our Mailing Lists (It's free!)
Monday, May 16, 2022
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    Watch: RoPax ferry hits product tanker at dock

    Watch: Containership catches fire off East China sea

    Watch: Japanese freighter capsized off Honshu coast

    Watch: Japanese freighter capsized off Honshu coast

    uk mca

    UK MCA: How offshore renewable energy installations can affect shipping

    seafarers connectivity

    ILO committee agrees on better social connectivity for seafarers

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    Cory, Northern Lights to collaborate on carbon capture and storage project

    Cory, Northern Lights to collaborate on carbon capture and storage project

    Mitsubishi Shipbuilding, NYK receive AiP for large LCO2 carrier

    Mitsubishi Shipbuilding, NYK receive AiP for large LCO2 carrier

    TotalEnergies launches global drone-based methane and CO2 detection campaign

    TotalEnergies launches global drone-based methane and CO2 detection campaign

    china battery powered cruise ship

    China: Delivery of battery powered cruise ship increases appetite for electric ship production

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    TotalEnergies launches global drone-based methane and CO2 detection campaign

    TotalEnergies launches global drone-based methane and CO2 detection campaign

    remote offshore inspections

    Demonstration shows capability of drones to conduct remote offshore inspections

    uk ship shore integration

    North Star to use AI to cut SOVs emissions

    zero44

    New start-up to help ships track their emissions

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    australia detains ship

    Six new foreign flagged ships detained in UK ports during April 2022

    IMO, Abuja MoU discuss ways to harmonize Port State Control

    IMO, Abuja MoU discuss ways to harmonize Port State Control

    indian mou

    Indian MoU PSC Annual Report 2021

    tokyo mou

    Tokyo MoU PSC Annual Report 2021

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    Singapore Chamber of Maritime

    Baltic Exchange: Maritime market highlights 7-13 May

    Watch: RoPax ferry hits product tanker at dock

    Watch: Containership catches fire off East China sea

    Watch: Japanese freighter capsized off Honshu coast

    Watch: Japanese freighter capsized off Honshu coast

    Career Paths: Catarina Fant, Wasaline

    Career Paths: Päivi Brunou, Wärtsilä Voyage 

  • Columns
    Career Paths: Catarina Fant, Wasaline

    Career Paths: Päivi Brunou, Wärtsilä Voyage 

    Career Paths: Catarina Fant, Wasaline

    Career Paths: Catarina Fant, Wasaline

    “Zero-Emission Shipping Mission” Roadmap promotes new green maritime solutions

    How EU ETS and IMO CII will change the Owner – Charterer relationship

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    Watch: RoPax ferry hits product tanker at dock

    Watch: Containership catches fire off East China sea

    Watch: Japanese freighter capsized off Honshu coast

    Watch: Japanese freighter capsized off Honshu coast

    uk mca

    UK MCA: How offshore renewable energy installations can affect shipping

    seafarers connectivity

    ILO committee agrees on better social connectivity for seafarers

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    Cory, Northern Lights to collaborate on carbon capture and storage project

    Cory, Northern Lights to collaborate on carbon capture and storage project

    Mitsubishi Shipbuilding, NYK receive AiP for large LCO2 carrier

    Mitsubishi Shipbuilding, NYK receive AiP for large LCO2 carrier

    TotalEnergies launches global drone-based methane and CO2 detection campaign

    TotalEnergies launches global drone-based methane and CO2 detection campaign

    china battery powered cruise ship

    China: Delivery of battery powered cruise ship increases appetite for electric ship production

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    TotalEnergies launches global drone-based methane and CO2 detection campaign

    TotalEnergies launches global drone-based methane and CO2 detection campaign

    remote offshore inspections

    Demonstration shows capability of drones to conduct remote offshore inspections

    uk ship shore integration

    North Star to use AI to cut SOVs emissions

    zero44

    New start-up to help ships track their emissions

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    australia detains ship

    Six new foreign flagged ships detained in UK ports during April 2022

    IMO, Abuja MoU discuss ways to harmonize Port State Control

    IMO, Abuja MoU discuss ways to harmonize Port State Control

    indian mou

    Indian MoU PSC Annual Report 2021

    tokyo mou

    Tokyo MoU PSC Annual Report 2021

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    Singapore Chamber of Maritime

    Baltic Exchange: Maritime market highlights 7-13 May

    Watch: RoPax ferry hits product tanker at dock

    Watch: Containership catches fire off East China sea

    Watch: Japanese freighter capsized off Honshu coast

    Watch: Japanese freighter capsized off Honshu coast

    Career Paths: Catarina Fant, Wasaline

    Career Paths: Päivi Brunou, Wärtsilä Voyage 

  • Columns
    Career Paths: Catarina Fant, Wasaline

    Career Paths: Päivi Brunou, Wärtsilä Voyage 

    Career Paths: Catarina Fant, Wasaline

    Career Paths: Catarina Fant, Wasaline

    “Zero-Emission Shipping Mission” Roadmap promotes new green maritime solutions

    How EU ETS and IMO CII will change the Owner – Charterer relationship

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

Record production of iron ore in 2011 points to recovery after recession UN report

by The Editorial Team
August 1, 2012
in Shipping
FacebookTwitterEmailLinkedin

The global production of iron ore achieved an all-time high last year

icons/iron_ore.jpgThe global production of iron ore achieved an all-time high last year, confirming signs of a recovery of the steel industry after the 2009 recession, according to a new United Nations report.

Published by the UN Conference on Trade and Development (UNCTAD) in cooperation with the Sweden-based Raw Materials Group, the Iron Ore Market 2011-2013 report states that the amount of iron ore produced globally in 2011 was 1.92 billion tons, representing a 4.7 per cent increase from 2010.
Among the major producers of this mineral, which is vital for steel production, are Brazil, China and Australia, according to the report, adding that while production increased in most regions, it declined in Europe and India.
Developing countries, the report notes, accounted for almost half of the total exports of the iron ore, making it the tenth year in a row of increased exports.

The increase in crude steel production points to a recovery since the financial crisis in 2009, and the report attributes this growth mainly to China, where production started increasing in November 2008.

RelatedNews

Baltic Exchange: Maritime market highlights 7-13 May

USCG: Certificate of Compliance for LNG carriers

“China’s imports of iron ore increased by 11 per cent in 2011 compared with 2010, or to 686.7 million tons, and the country accounted for 60.1 per cent of total world imports,” the report states. “Steel production elsewhere in the world was also growing though it had still not reached its pre-crisis production levels by the end of 2011.”

However, the report warns that uncertainty over prices and a decrease of corporate concentration signal difficult conditions for upcoming years. Since almost all iron ore producers and steel mills have abandoned the benchmark pricing system, there is widespread confusion about prices, and the report predicts that price volatility will increase with various pricing practices in place.
In addition, the report notes that corporate concentration in the iron ore industry decreased, with new production companies emerging in many countries, as well as small and mid-sized producers, which will require a period of adjustment for market shares.

Iron Ore Market 2011-2013 also estimates that iron ore use will increase from 1.92 billion tons in 2011 to about two billion tons in 2012 and 2.08 billion tons in 2013. While an increase in demand will mean higher prices, the report predicts that prices will decline from 2013 onwards as supply gradually adapts to growing demand.

Source: United Nations (UN)

Tags: iron oreUN

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Singapore Chamber of Maritime

Baltic Exchange: Maritime market highlights 7-13 May

May 16, 2022
Watch: RoPax ferry hits product tanker at dock

Watch: Containership catches fire off East China sea

May 16, 2022
MARITIME EVENTS

Newsletter

GET THE SAFETY4SEA IN YOUR INBOX!

Explore

  • Safety
  • Green
  • Smart
  • Risk
  • Others
  • Events
  • Plus

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Contact

© 2021 SAFETY4SEA

No Result
View All Result
  • Safety
    • Alerts
    • Accidents
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Opinions
    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus

© 2021 SAFETY4SEA

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Disclaimer.