Global iron ore shipments increased 3.8% Y/Y, according to BIMCO
NewsGlobal iron ore shipments rose in Q1 2024 but with Chinese steel production weaker than expected, future shipments may decline due to oversupply.
The high level of mineral exploration activity taking place north of the Gulf of Bothnia could eventually yield up to 15 mtpa of pellet exports through one of the northern Gulf ports or (less likely) the Norwegian Port of Narvik.
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