Operations resume at Richards Bay Minerals

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

Fortescue unveils weaker figures for iron ore shipments in the third quarter of FY 2024, followed by recovery in March.

Belships expands newbuilding program with two 64,000 dwt Ultramax bulk carriers, delivery in 2028. Additionally, agreements involve no down payments.

Pakistani and UAE officials celebrate the groundbreaking of a US$175M Bulk and General Cargo terminal, enhancing Karachi’s maritime industry.

BHP plans to launch its first ammonia-fueled ship by 2026, evaluating eight firms for construction, and awaiting cost assessments, while ammonia engines are expected by 2025.

Himalaya Shipping has received the tenth of twelve 210,000 dwt Newcastlemax dual-fuel newbuildings from New Times Shipyard, with the remaining two vessels expected for delivery in June.