Bulk gains boost Port of Hamburg results

Arc Infrastructure has launched Gold Valley Iron Ore train services, with the inaugural train transporting ore from West Kalgoorlie to Esperance.

Liquified natural gas is unlikely to displace coal in China’s energy transition, as the country prioritises domestic energy sources over imported LNG.

Drewry forecasts a 3.3% rise in Capesize shipping demand in 2024, driven by increased coal exports from Colombia to Asia, offsetting reduced European demand.

Between January and August 2024, Chinese seaborne dry bulk imports rose 6% y/y, driven by inventory build-up, despite domestic concerns.

The deal is linked to Gold Valley’s Wiluna West Iron Ore Project and will commence on 30 September, starting with three return train paths a week.

Between January and August, India’s coal shipments rose 10% y/y, driven by strong electricity demand, but hydropower recovery may reduce future coal demand.