Baosteel’s first VLOC in operation

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.

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.

Three bridge-type grab bulk cargo unloaders have arrived at Beibu Gulf Port, advancing the port’s largest bulk cargo berth development.

Shipowners have found stable dry bulk markets with narrow spot rate ranges and low scrapping, but recent trends show Capesize and Panamax rates falling.