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 new iron ore port of Oakajee moved a step closer to realisation on 20 March when the Western Australian government signed a development agreement with Mitsubishi-backed Oakajee Port and Rail (OPR).
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