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Ore Trade

Great Lakes Iron Ore Trade Up 8%

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Iron ore shipments on the Great Lakes totaled 6.5 million net tons in September, an increase of 8.2 percent compared to a year ago. The trade also outperformed the month’s 5-year average by nearly 9 percent. Despite the increases, the iron ore trade continued to struggle with the inefficiencies inherent with lack of adequate dredging. The largest iron ore cargo in September – 66,761 net tons – still represented only 92 percent of the record cargo carried in 1997, a period when water levels allowed for near full loads. For the year, the iron ore trade stands at 45.6 million net tons, an increase of 9.8 percent compared to a year ago. Shipments also are ahead of the 5-year average for the first three quarters by nearly the same margin. (www.lcaships.com)


Great Lakes: Less Ice Sees Ore Ships Thrive

Photo: Ben McClain

A relatively mild December on the Great Lakes allowed iron ore shipments to increase dramatically compared to a year ago when an early arriving winter blanketed the system with thick ice, the Lake Carriers’ Association (LCA) reported. Shipments totaled 6.3 million tons, an increase of 23.6 percent compared to a year ago, LCA said, noting that the biggest increase came from U.S. ports on Lake Superior. Meanwhile, loadings out of Duluth, Minnesota, Superior, Wisconsin


LCA: Great Lakes Iron Ore Trade Up 9 Percent in August

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Iron ore shipments on the Great Lakes totaled 6,551,329 tons in August, a decrease of 7 percent from July, but an increase of 9 percent compared to a year ago. August loadings also were up 24.6 percent compared to the month’s 5-year average. Shipments from U.S. ports totaled 5.8 million tons, an increase of 14.2 percent compared to a year ago.  However, loadings at Canadian ports dipped more than 20 percent. Through August the iron ore trade stands at 36


Great Lakes Iron Ore Up 8 PCT in November

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Iron ore shipments on the Great Lakes totaled 5.8 million tons in November, an increase of 2 percent over October, and an increase of 8 percent compared to a year ago.   November loadings were also up about 8 percent compared to the month’s 5-year average. Shipments from U.S. ports totaled 5.2 million tons, an increase of 9 percent compared to a year ago.  Loadings at Canadian ports were virtually unchanged from a year ago. Through November the iron ore trade stands at 54


Great Lakes Ore Trade Down 11.3% in March

Shipments of iron ore on the Great Lakes totaled 1.9 million tons in March, a decrease of 11.3% from a year ago. Loadings were 9.3% ahead of the month’s five-year average, however. Shipments from U.S. ports totaled 1.8 million tons, a decrease of 9.7% compared to a year ago. The March total included 116,000 tons shipped to Quebec City for loading into oceangoing vessels and delivery overseas. Shipments from Canadian ports totaled 113,000 tons


Great Lakes Iron Ore Trade Down in September

Photo: LCA

Iron ore shipments on the Great Lakes totaled 5.6 million tons in September, a decrease of 20.6 percent compared to a year ago, the Lake Carriers' Association (LCA) reported. Shipments were down 11 percent from the month’s five-year average.    Loadings at U.S. ports in September fell 25.5 percent compared to a year ago, while shipments from Canadian ports rose 42.8 percent.   Through September, the Lakes/Seaway ore trade stands at 39


First Iron Ore Trade Using CargoDocs Electronic Bills of Lading

BHP Billiton, Royal Bank of Scotland, Westpac Banking Corporation, Cargill and Minerva Marine recently completed the first trade financed iron ore trade using ESS’s CargoDocs electronic bill of lading and eUCP Presentation solutions. CargoDocs was used on a shipment from Australia to China. In this trade the electronic bill of lading was drafted by BHP Billiton in Shanghai (eliminating the need for separate document instructions)


Great Lakes Iron Ore Trade Down 5.3% in 2013

Shipments of iron ore on the Great Lakes totaled 58.3 million tons in 2013, a decrease of 5.3 percent from 2012. While the trade had been slightly behind 2012’s pace through November, the gap grew significantly when an early and harsh start to winter limited shipments to 5.1 million tons in December, a decrease of 20 percent compared to a year ago. There were weather-related delays at loadings docks and vessels were either slowed by or beset in heavy ice.


China's Qingdao Port Probing Iron Ore Financing Fraud

China's Qingdao port said on Wednesday it is investigating whether iron ore warehouse receipts were fraudulently used multiple times to raise finance from different banks, Xinhua news agency reported. The probe is focussed on one trader with iron ore receipts, the Chinese news agency said. It follows a broad investigation earlier this year by Chinese authorities into the use of iron ore as collateral in financing deals.


Brazil Iron Ore Terminal will Start This Year

Trading firm Trafigura and Abu Dhabi sovereign wealth fund Mubadala said on Thursday their Brazilian port for exporting iron ore will start this year, in response to a steelmaker with a contract to use the port that said the opening could be pushed back to 2015. Porto Sudeste "is on track to start operation in the beginning of the last quarter of 2014," Eugenio Mamede, chief operating officer for the port, said in a written response to Reuters.


Weather Shutters Australia's Port Hedland

Australia's Port Hedland was officially closed earlier on Friday following warnings from the weather bureau that a tropical cyclone was developing off the northern coast, Pilbara Ports Authority said in a statement. Port Hedland, which handles about a fifth of the world's seaborne iron ore trade


Dry Bulk Suffers From Poseidon’s Potent Prongs

Graph: Clarksons Research

 It has been a grim start to 2016 for the bulkcarrier market, with the Baltic Dry Index sliding to new record lows on almost every day of the year so far, says Clarksons Research.   With a nearly constant stream of negative news continuing to emerge across each of the key dry bulk


Weather Impacted Australia Iron Ore China Liftings

Shipments of iron ore to China from Port Hedland, Australia, which handles a fifth of the world's seaborne trade, fell 17.6 percent in January from the previous month after a tropical cyclone closed the port temporarily, port data showed.


Australia Iron Ore Shipments to China Dip as Weather Shuts Port

File photo: Port of Port Hedland

Shipments of iron ore to China from Port Hedland, Australia, which handles a fifth of the world's seaborne trade, fell 17.6 percent in January from the previous month after a tropical cyclone closed the port temporarily, port data showed.  


Indian Miner Vedanta Seeks Cut in Iron Ore Export Duty, Levies

Press release - Indian miner Vedanta's iron ore chief on Friday called for a cut in federal and state levies on exports of low-grade ore mined in Goa, as the company struggles to remain competitive amid a global commodities slump. The country's biggest private miner resumed mining in Goa


Great Lakes Iron Ore Trade Falls 23% in October

Shipments of iron ore on the Great Lakes totaled 5.3 million tons in October, a decrease of 23 percent compared to a year ago, according to the Lake Carriers’ Association (LCA). Shipments were down 9 percent from the month’s five-year average.   


Port Hedland to Enhance Capacity

Port Hedland, Australia Photo MUOA

  Modelling work over the past two years by the Pilbara Ports Authority (PPA) has identified opportunities to increase the shipping capacity in Port Hedland's channel over the next three years to as much as 577 million tonnes a year.


Dry Bulk Shipping Will Not Return to Profitability Before 2017

Drewry dry bulk freight rate index. Source: Drewry’s Dry Bulk Forecaster

 The gloomy outlook for the dry bulk shipping market continues to afflict shipowners and the market is not expected to return to profitability before 2017, according to the Dry Bulk Forecaster report published by global shipping consultancy Drewry.  


Great Lakes Iron Ore Trade Dips in November

 Shipments of iron ore on the Great Lakes totaled 4.9 million tons in November, a decrease of 17 percent compared to a year ago, according to latest figures from the Lakes Carriers’ Association (LCA). Shipments were down 12 percent from the month’s five-year average. 


Trafigura Expects Tougher Shipping Markets in 2016

Commodities trading firm Trafigura expects tougher conditions in tanker markets next year as weaker world economy prospects and a slide in oil prices are set to take their toll on shipping. Bargain hunters picking up cheap crude after the price drop and refineries


Silver Lining for Brazilian Dry Bulk Exports

Graphics: Clarksons

 News out of Brazil has largely made for gloomy reading this year: the contracting economy, the Petrobas scandal and the Samarco dam collapse, claims Clarksons Research. However, there is a case for festive cheer given the growth in Brazil’s dry bulk exports this year.   


Freight: Very Close to the End of the Road

Pic: Freight Investor Services

 In 1812, Russia beat back the advance of Napoleon’s army. On 18 December 2015 there is a similar tone of seasonal retreat, with most hopes pinned on the New Year. Shame there’s no-one around to write a symphony about it.  


Baltic Index Nears All Time Lows on Weak China Demand

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Monday inching near all-time lows, dragged down by weak Chinese demand.   The overall index, which gauges the cost of shipping cargoes including iron ore, cement, grain and coal


Lakes/Seaway Iron Ore Trade Dips 8.5% in 2015

Iron ore shipments on the Great Lakes and St. Lawrence Seaway totaled 54.4 million tons in 2015, a decrease of 8.5 percent compared to 2014, reported the Lake Carriers’ Association (LCA), who added shipments slipped 7.8 percent compared to the trade’s five-year average.


Brazil Orders Vale to Close Tubarão Iron Ore Port

Photo: Vale

A Brazilian federal court on Thursday ordered the suspension of activities at Vale SA's Port of Tubarão because of pollution concerns, halting the world's largest iron ore exporter's ability to ship more than a third of its output.  






 
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