NYK/Beitai Iron & Steel in 25-year ore transport pact

Western Australia will get a heavy haul rail collaboration centre and a rolling stock manufacturing base, supporting the iron ore industry.

Rio Tinto marks a milestone with the shipment of 4 billion tonnes of Pilbara iron ore from Dampier Port to China Baowu Steel Group.

NYK announced it will acquire 80% of Eneos Ocean Corporation’s shipping business, excluding crude oil tankers, pending regulatory approval.

Steel imports at Port Houston’s multipurpose facilities increased by 48% in May compared to the same period last year.

A recent joint study says that Well-to-Wake emissions in the Pilbara-to-Asia iron ore export trade route can be reduced by over 90% by 2050.

Global iron ore shipments rose in Q1 2024 but with Chinese steel production weaker than expected, future shipments may decline due to oversupply.