NRW hit as BHP downsizes harbour contract

Between January and August 2024, Chinese seaborne dry bulk imports rose 6% y/y, driven by inventory build-up, despite domestic concerns.

The deal is linked to Gold Valley’s Wiluna West Iron Ore Project and will commence on 30 September, starting with three return train paths a week.

The Port of Mackay handled 3.58 million tonnes of trade in 2023-24, nearing its record of 3.59 million tonnes, as it celebrates 85 years of operation.

Shipowners have found stable dry bulk markets with narrow spot rate ranges and low scrapping, but recent trends show Capesize and Panamax rates falling.

Vale and Euroports Tarragona have teamed up to enhance Mediterranean iron ore logistics, marked by the Magsenger 10 delivering 110,000 tonnes from Brazil.

Southern Ports set nine records this year, with standout imports being caustic soda and fertiliser, and spodumene exports hitting a fourth consecutive record.