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Ore Trade News

08 Feb 2024

Great Lakes Iron Ore Trade Up 12.4% in January

(Photo: LCA)

Iron ore shipments transported by U.S.-flag vessels on the Great Lakes totaled 2.8 million tons in January, an increase of 12.4% compared to 2023, according to latest data published by trade group the Lake Carriers’ Association (LCA)Loadings were also above the month’s 5-year average by 24.4%, LCA said.(Source: Lake Carriers’ Association)

06 Dec 2023

Great Lakes Iron Ore Trade Up in November

Image courtesy Lake Carriers Association

Shipments of iron ore on the Great Lakes totaled 4.5 million tons in November, an increase of 1.5 percent from 2022. Shipments were below the month’s 5-year average by 1.7 percent.Year-to-date the iron ore trade stands at 46.3 million tons, an increase of 20.8 percent compared to the same point in 2022.Through November iron ore loadings are 5 percent above their 5-year average for that timeframe.

07 Nov 2023

Great Lakes Iron Ore Trade Up 8.5% in October

© Holden / Adobe Stock

Shipments of iron ore on the Great Lakes totaled 5.1 million tons in October, an increase of 8.5% compared to a year ago, according to latest figures from the Lake Carriers’ Association (LCA). Shipments were a near match to the month’s five-year average.Year-to-date the iron ore trade stands at 41.8 million tons, an increase of 23.3% compared to the same point in 2022, LCA said.Through October iron ore loadings are 5.7% above their five-year average for the January-October timeframe, LCA added.

06 Nov 2023

Study Highlights Ammonia Bunkering Potential of Australia’s Pilbara

Source: Pilbara Ports

A feasibility study has highlighted the potential for using clean ammonia to refuel ships, particularly iron ore carriers, visiting the Pilbara region of Western Australia.The study, commissioned by Yara Clean Ammonia (Yara) and Pilbara Ports, was undertaken by Lloyd's Register, and looked at key areas including the estimated demand and likely availability of ammonia as a replacement shipping fuel. The potential risks and regulatory requirements for ammonia bunkering at the ports…

06 Sep 2023

Great Lakes Iron Ore, Limestone Trades Rise in August

(Photo: Lake Carriers’ Association)

Shipments of iron ore and limestone on the Great Lakes for the month of August both increased compared to 2022, up 8.6% and 4.4% respectively, according to latest figures from the Lake Carriers’ Association (LCA).The 5.5 million tons or iron ore shipped in August was 3.5% above the month’s five-year average, while limestone cargos were above the month’s five-year average by 3.7%, LCA said. Limestone loadings from U.S. quarries totaled 3.3 million tons, an increase of 5% compared to 2022.

03 Aug 2023

Great Lakes Iron Ore, Limestone Trades On the Rise

(Photo: Lake Carriers’ Association)

Shipments of iron ore and limestone on the Great Lakes rose in the month of July, according to latest figures published by trade group the Lake Carriers’ Association (LCA).Shipments of iron ore on the Great Lakes totaled 5.8 million tons in July, an increase of 8.9% compared to a year ago, while limestone shipments rose 4.7% to 4.2 million tons, LCA said. The respective trades were above the month’s five-year average by 4.8% and 6.6% respectively.Year-to-date, the iron ore trade stands at 25.6 million tons, an increase of 34.3% compared to the same point in 2022.

07 Jul 2023

Great Lakes Iron Ore Trade on the Rise

(Photo: Lake Carriers’ Association)

Shipments of iron ore on the Great Lakes totaled 5.8 million tons in June, an increase of 47.8% from 2022, according to latest figures published by trade group the Lake Carriers’ Association (LCA). Shipments were 12.7% above the month’s five-year average.Year-to-date the iron ore trade stands at 19.9 million tons, 44% above the previous year’s total of 13.8 million tons, LCA said. Iron shipments are above their five-year average by 7.9% for the first half of the year.

25 Oct 2022

Great Lakes Iron Ore Trade Down 5.6%

(Photo: LCA)

Shipments of iron ore from U.S. ports on the Great Lakes totaled 5.1 million tons in September, a decrease of 5.6% compared to a year ago, the Lake Carriers' Association (LCA) said on Tuesday. Shipments were below the month’s five-year average by 6.5%.Year-to-date the iron ore trade stands at 29.2 million tons, a decrease of nearly 21.8% compared to the same point in 2021, according to latest figures from LCA.Through September iron ore loadings are 20.1% below their five-year average for the first three quarters, LCA.

18 Aug 2022

Great Lakes Iron Ore Trade Down in July

(Source: Lake Carriers’ Association)

Shipments of iron ore on the Great Lakes totaled 5.3 million tons in July, a decrease of 6.8% compared to a year ago, according to trade group the Lake Carriers’ Association (LCA). Shipments were also 6.3% below the month’s 5-year average, LCA said.Year-to-date the iron ore trade stands at 19.1 million tons, a decrease of 27.8% compared to the same point in 2021, LCA said. Iron ore shipments are 25.5% below their 5-year average for the first seven months of the year.

26 Jul 2022

Baltic Dry Index Dips to Two-week Low

© masterskuz55 / Adobe Stock

The Baltic Exchange's main sea freight index fell to a nearly two-week low on Tuesday as rates across its vessel segments declined.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 53 points, or 2.5%, to 2,061 points, the lowest since July 14.The capesize index fell for the second straight session, losing 141 points, or 5.4%, to 2,455 points, a near two-week low.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $1,167 at $20,359."The biggest headache moving forward will li

14 Jun 2022

Great Lakes Iron Ore Trade Down 20.4% in May

(Image courtesy LCA)

Shipments of iron ore from U.S. Great Lakes ports totaled 4.4 million tons in May, a decrease of 20.4% compared to a year ago and 21.9% below the month’s five-year average, the Lake Carriers’ Association (LCA) reported.Year-to-date the iron ore trade stands at 9.9 million tons, a decrease of 33.9% compared to the same point in 2021, LCA said. Iron ore shipments were also 31.4 % below their five-year average for five months of the year.

13 May 2022

Great Lakes Limestone, Iron Ore Trades Dip

© Juriaan / Adobe Stock

Shipments of limestone and iron ore on the Great Lakes were down in April, trade group the Lake Carriers’ Association (LCA) said on Friday.Great Lakes limestone shipments totaled 2 million net tons, a decrease of 16.6% compared to a year ago, though loadings were above the month’s five-year average by 5.5%.Limestone loadings at U.S. ports totaled 1.6 million tons, a decrease of 14.6%, while shipments from Canadian quarries decreased by 24.4% to 370,107 tons.Year-to-date the limestone trade stands at 2 million tons, a decrease of 19.1% from 2021. Shipments from U.S.

25 Nov 2021

Baltic Dry Index Rises as Smaller Vessels Lend Support

© Alexey Lesik / Adobe Stock

The Baltic Exchange's dry bulk sea freight index rose on Thursday, buoyed by gains for panamax and supramax vessels that countered a dip in rates for the larger capesize segment.The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 24 points, or 1%, to 2,678 points.The capesize index shed 46 points, or 1.2%, to 3,776.Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, fell $390 to $24,355.Despite a decrease in Brazil-China iron ore trade volumes…

09 Nov 2021

Great Lakes Iron Ore, Limestone Trades Rise in October

© Ken Jacobsen, Jr. / Adobe Stock

Iron ore and limestone shipments rose 32.4% and 8.3% respectively in October, according to the Lake Carriers' Association (LCA). Shipments of iron ore on the Great Lakes totaled 5.5 million tons in October, an increase of 32.4% compared to a year ago. Shipments were above the month’s five-year average by 7.7%.Year-to-date the iron ore trade stands at 42.9 million tons, an increase of 32.7% compared to the same point in 2020.Through October iron ore loadings are 4.4% above their…

13 Oct 2021

Great Lakes Iron Ore Trade Up 38.8% in September

© Aaron / Adobe Stock

Shipments of iron ore from U.S. ports on the Great Lakes totaled 5.4 million tons in September, an increase of 38.8% compared to a year ago, according to trade group the Lake Carriers’ Association (LCA). Shipments were a near match to the month’s five-year average.Year-to-date the iron ore trade stands at 37.4 million tons, an increase of nearly 32.8% compared to the same point in 2020, LCA said.Through September iron ore loadings are 3.9% above their five-year average for the first three quarters.

29 Sep 2021

BIMCO: Iron Ore Spot Rates Spike 163%

© corlaffra/AdobeStock

As the average length of the journey increases, partly due to port congestions in China, soaking up capacity and pushing up spot rates, shipowners will likely be enjoying high freight rates until the end of the year.Iron ore spot freight rates from Western Australia, to Qingdao, China have jumped 163% to USD 21.82 per tonne on 28 September 2021 compared with the same time last year. For a very large ore carrying Capesize ship transporting 200,000 tonnes of iron ore, this represents an increase in freight revenue from USD 1.66 million…

04 Aug 2021

Great Lakes Iron Ore Trade Up 61.8% in July

© james_pintar / Adobe Stock

Shipments of iron ore on the Great Lakes totaled 5.7 million tons in July, an increase of 61.8% compared to a year ago, according to the Lake Carriers’ Association (LCA). Shipments were 3.2% above the month’s five-year average.Year-to-date the iron ore trade stands at 26.4 million tons, an increase of 27.6% compared to the same point in 2020, LCA said. Iron ore shipments are 5.2% above their five-year average for the first seven months of the year.

28 Jul 2021

Baltic Index Falls on Weaker Panamax, Capesize Rates

Credit: Volodymyr Kyrylyuk/AdobeStock

The Baltic Exchange's main sea freight index fell on Wednesday, as weaker demand for panamax and capesize vessels weighed.The index, which factors in rates for capesize, panamax, and supramax shipping vessels carrying dry bulk commodities, fell 12 points, or 0.4%, to 3,154.The capesize index lost 3 points to 3,841, its lowest since July 22.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of iron ore, inched $24 lower to $31,856.Shanghai steel…

15 Apr 2021

Great Lakes Iron Ore Trade Up Slightly in March

© Yogi / Adobe Stock

Iron ore shipments on the Great Lakes totaled 1.3 million tons in March, a near match to 2020. However, loadings trailed the month’s five-year average by 13.5%, according to the Lake Carriers’ Association (LCA).LCA, which represents the U.S.-flag Great Lakes fleet, said the iron ore trade stands at 3.9 million tons  year-to-date, an increase of 26.3% compared to last year. Iron ore shipments are 12.2% ahead of their five-year average for the first three months of the year."We continue to rebound from the pandemic…

11 Jan 2021

SSY Publishes Shipping Outlook for 2021

© Mike Mareen / Adobe Stock

After a highly volatile 2020, shipbroker Simpson Spence Young (SSY) looks at the next 12 months and highlights areas of particular interest in their 2021 Outlook Report. The report looks at various drivers of the shipping markets, including how the developing emissions regulations may affect commercial fleets and shipping investments.Contributions come from a range of senior research and broking experts and cover dry bulk, tanker and gas freight markets; shipping investments, CO2 emissions, FFAs, metals and energy derivatives.

19 Aug 2020

Bottlenecks and Inefficiencies Are Key Upside Risks for Dry Bulk Market -MSI

© mrnai / Adobe Stock

Port days and diverted voyages are having an unusually strong impact on market balances and will play a key role in the short term outlook.Summer may be drawing to close in the northern hemisphere but for dry bulk shipowners, the positive tone could continue into early autumn as port delays and diversions provide continued upside, says Maritime Strategies International.July was another positive month for the dry bulk sector, with average monthly spot rates rising to their highest level this year for all benchmark vessels…

02 Jun 2020

Dalian Exchange Calls for 'Rational' Iron Ore Trade

© Peter / Adobe Stock

China's Dalian Commodity Exchange on Tuesday asked members to act "rationally" in iron ore futures trade after prices for the steelmaking ingredient held above $100 per tonne."The iron ore market has been facing many uncertainties recently," the Dalian bourse said on its website, adding that it would strengthen investigations and strictly crack down on any irregularities.Dalian's most traded iron ore futures contract, for September delivery, has jumped more than 8% since May 26 on concerns of tight supply from Brazil.It closed at 757 yuan ($106.62) per tonne on Tuesday.($1 = 7.0999 Chinese yua

22 Jan 2020

Baltic Index Dips to Near 1-Year Low

© qiujusong / Adobe Stock

The Baltic Exchange's main sea freight index fell to its lowest since February on Wednesday, hurt by a seasonal slowdown in demand amid higher costs for shipowners due to a new regulation for shipping fuels.The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 66 points, or 9.6%, to 623.The capesize index slipped 170 points, or 34.3%, to 325.The capesize index registered its 29th consecutive session of losses, touching its lowest level since April last year.Average daily earnings for capesizes…

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