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.
With regard to recent media reports about adjustments in the rules for berthing of Very Large Ore Carriers (VLOC) at Chinese ports, Vale has issued clarification that its vessels capable of transporting 400,000t of iron ore, owned by itself or chartered, will only dock at Chinese ports in total accordance with the country’s legislation.
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