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 first shipment of iron ore from Mount Gibson Iron Ltd’s Tallering Peak operation in Western Australia was loaded at Geraldton on February 21 – the first iron ore despatch in 30 years. A total of 38,000t was loaded on Guangzhou Maritime Transport’s 40,015 dwt FEI FENG SHAN, bound for Nanjing, China.
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