Marine link
 

Ore Trade

Great Lakes Iron Ore Trade Up 8%

dredging_crisis.jpg

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 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


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

LCA Logo.tif

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

LCA Logo.tif

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 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.


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)


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.


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.


U.S.-Flag Lakes

U.S-Flag cargo movement on the Great Lakes in July fell by 1.5 million tons compared to the same period last year, the largest decrease in recent memory. The season-long string of monthly decreases now amounts to a five-million ton shortfall compared to the same point in 1998. Iron ore cargoes loaded into U.S. bottoms in July totaled 5.9 million tons, a decrease of 18.2 percent. However, the season-to-date total for iron ore is directly tied to the continued unfair trade in steel


Vancouver Commends Canada-S. Korea Trade Agreement

Port Metro Vancouver issued an announcement welcoming news of the signing of the Canada-Korea Free Trade Agreement yesterday in Ottawa. The agreement will significantly boost Canada’s trade with South Korea, as well as provide strategic access for the Canadian import and export market to a key gateway to the wider Asia-Pacific region. “This is a historic agreement,” said Robin Silvester, President and CEO, Port Metro Vancouver


Venezuela's PDVSA Puts Six Tankers Up for Sale

Venezuelan state oil company PDVSA said on Friday it is selling four crude tankers and two liquid petroleum gas (LPG) tankers that are currently inactive, amid a broader plan to modernize its fleet. "PDVSA is offering, on the terms of 'where they are and in their current condition


New Guidance Assists Mining and Metals Companies

orescon-marine--1319.jpg

ICMM’s latest guidance document will assist mining and metals companies in meeting the demands of new marine transport regulations. In this guidance ICMM sets out the approach that leading mining and metals commodity associations have developed in collaboration with scientific experts


Rio Tinto rejects Glencore Merger

Glencore approached Rio Tinto about a merger in July. A tie-up would have created the world's biggest miner. No further talks with Glencore after rejecting bid-Rio. Rio Tinto rejected a merger approach from smaller rival Glencore Plc to create a $160 billion mining and trading giant in August


Neves Contends Drives Bullish Bets on Brazil Companies

http://www.eleicoes2014.com.br/aecio-neves/

U.S. options market bulls rushed to some of the biggest Brazilian companies on Monday, a day after pro-business Brazilian presidential candidate Aecio Neves' surprisingly strong showing in the first-round election vote. Brazilian financial markets rallied after the centrist senator's strong


Glencore Seeks Rio Tinto Merger

FPSO Aseng sailaway. (Photo: Glencore)

Commodities giant Glencore has started talks with Rio Tinto's largest shareholder, Aluminium Corp of China (Chinalco), as it seeks to pave the way for a possible merger in 2015, Bloomberg News reported on Monday. Reuters reported last month that Glencore could make a move for mining rival Rio


BHP Supports Ebola Response Efforts

Business Director West Africa Iron Ore, Graham Reynolds

 In response to the widespread devastation caused by the Ebola outbreak in West Africa, BHP Billiton Sustainable Communities has donated US$400,000 to the Pooled World Health Organisation (WHO) Ebola Response fund. The contribution from BHP Billiton will provide immediate actions to


Imperial Oil Completes Maintenance at Kearl Oil Mine

Kearl oil sands project

Imperial Oil Ltd said on Tuesday it has completed a two-week major maintenance turnaround at its 110,000 barrel per day Kearl oil sands mine in northern Alberta. Imperial 69.6 percent owned by Exxon Mobil Corp said work was carried out over the last two weeks of September and involved


Vale to Lease 10 China Merchant Bulkers

Brazil's iron ore miner Vale SA said on Friday it secured a deal with China Merchants Group to lease for 25 years as many as 10 very large ore carriers, which will be built by China Merchants, to ship ore from Brazil to mainland China. Vale had commissioned at least 35 VLOCs


Cargo Growth at Indian Ports Remain Sluggish

Vizag seaport, Andhra Pradesh

  In FY14, total cargo handled at Indian ports increased by 4.3% to 976 million tonnes from 935 million tonnes during FY13. The growth was pegged down by sluggish cargo performance at the major ports which registered a meagre 1.8% growth in cargo volumes to 556 million tonnes in FY14.


Great Lakes Dry Cargo Residue Discharge Rule in Effect

The U.S. Coast Guard published a final rule to the Federal Register announcing that it has received approval from the Office of Management and Budget for an information collection request associated with the January 2014 final rule on the discharge of bulk dry cargo residue on the U.S


Vale, Cosco to Cooperate on Iron Ore Shipping

Brazilian miner Vale SA reached a deal with China Ocean Shipping Co (Cosco) for transporting iron ore, a move that could help the Brazilian miner resolve a costly two-year ban on docking its mega-ships at Chinese ports. Vale said in a statement that it would transfer ownership of four very


ClassNK Expands Joint Research in Europe

Marco Schneider, Project Manager, CFD, HSVA; Noboru Ueda, Chairman and President, ClassNK; Yasushi Nakamura, Executive Vice President, ClassNK; Capt. Herman Visser, Oldendorff Carriers

Class Society Joins Joint R&D Project for Bulk Carrier Safety with Germany’s HSVA and other European Research Institutions Classification society ClassNK announced that it will join a new European Joint R&D project to ensure bulk carrier safety


Great Lakes Ore Trade in High Gear in August

For the second month in a row, shipments of iron ore on the Great Lakes reached their highest level in six years. The 7,242,492 tons loaded in August are the most since July 2008 when 7,318,961 tons moved from U.S. and Canadian ports. The August ore float also represents a slight increase over


Another Strong Month for US Lakes Fleet

U.S.-flag Great Lakes freighters (lakers) moved 11 million tons of cargo in August, their second-highest monthly total in two years. The August float, while down 3.2 percent from July, also represents an increase of 5 percent compared to a year ago.


Capesize Rates to Rise Much Higher this Year

According to Commodore Research & Consultancy, capesize rates ended last week at $15,561/day, which marked a week-on-week increase of $6,167 (66%). Capesize rates have been able to rise by such a large amount so quickly, as vessel availability in both the Atlantic basin and Pacific basin have






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright