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 movement of bulk materials on the Great Lakes St. Lawrence Seaway System continues to improve, with the St. Lawrence Seaway Development Corporation projecting that total cargo volume will increase by about 3% year-over-year this shipping season compared to last year’s 2.7% gain over 2010.
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