Tag: iron ore

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.

Pilbara Clean Fuels Pty Ltd is progressing a development concept for a new, mid-scale, low carbon footprint LNG plant to be located at Port Hedland in Western Australia, the world’s largest iron ore export port.  

Vale S.A. has announced that it is to install five Rotor Sails from Anemoi Marine Technologies Ltd (Anemoi), onboard a 400,000 dwt Valemax, the world’s largest ore carrier.

Vale announced that it signed a MOU with the Port of Açu to study the development of a Mega Hub at the port located in São João da Barra in the state of Rio de Janeiro, to produce HBI (hot briquetted iron) using the direct reduction route.

Cargo liquefaction remains a key concern for shipping safety, with a total of 70 lives lost in 5 casualties between 2012-2021. This accounts for 76.1% of the total loss of life in shipping for this period, according to INTERCARGO.