Tag: iron ore

On April 10, South Korea imposed sanctions on a freight ship, its operator, and entities over the illegal transport of N. Korean iron ore.

International Group of P&I Clubs (IGP&I) has issued a circular informing about the guidelines for handling and transporting DRI.

In this week’s “Shipping Number of the Week” from BIMCO, Filipe Gouveia examines the fall in global iron shipments.

The Singapore-flagged cargo ship "MILDRED," loaded with 85,000 tons of iron ore from Uruguay, ran aground on 23 October at the entrance of the Ereğli Iron and Steel Factories port in Zonguldak, Turkey.

COSCO has signed a preliminary agreement with Australia's Fortescue Metals Group (FMG.AX) to collaborate on developing a green fuel supply chain. 

The West P&I Club has been advised that iron ore exports are expected to restart from Goa and other west coast ports in India with first shipments expected in early October 2024 after the ending of the SW monsoon.

According to NorthStandard, approximately 15-25 million tonnes of iron ore are expected to be shipped between October 2024 and May 2025.

In this week’s “Shipping Number of the Week” from BIMCO, Shipping Analyst, Filipe Gouveia, explores the rise in iron ore shipments despite slowing Chinese steel production.

The US Coast Guard has reported a fire on the Great Lakes' most aged cargo vessel, the "CUYAHOGA," which, at 81 years old, remains ablaze.

Companies engaged in trading commodities like iron ore and grain are resorting to legal threats and contract modifications to influence shipowners to opt for the Suez Canal route, despite its increased danger, in exchange for cost savings and quicker transit times.