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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


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


Baltic Index Rises to Five-month High

The Baltic Exchange's main sea freight index tracking rates for ships carrying dry bulk commodities, on Tuesday rose to its highest in over five months on improved rates across vessel segments.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, gained 12 points, or 1.82 percent to 671 points.   While current earnings are barely covering direct vessel operating costs


Great Lakes Iron Ore Trade Down in September

File photo: Paul Csizmadia

Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 5,258,269 tons in September, a decrease of 5.6 percent compared to a year ago, the Lake Carriers’ Association reported. Shipments trailed the month’s five-year average by even more, 15.3 percent. Shipments from U.S. Great Lakes ports totaled 4,916,787 tons in September, an increase of 60,544 tons, or roughly one load in a 1,000-foot-long U.S.-flag laker


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


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.


Seaborne Trade’s Key Role

Graph: Clarksons Research

 Shipping plays a major role in the world’s industries, facilitating the transport of large volumes of raw and processed materials. Clarksons Research takes a look.   However, the maritime sector forms a much more important part of the global supply chain for some commodities and


Political Issues Wrap Nickel Ore Trade

Peter Modev, Senior Loss Prevention Executive at UK P&I Club, and the Club’s local correspondent (Pandiman Philippines) provide an update on the risks in transporting nickel ore from the Philippines. Nickel ore cargo originates principally in the Southern region of the Philippines


Can Seaborne Trends Shine Any Light?

Graph: Clarksons Research

 World seaborne trade, whilst still growing at a relatively steady pace, has seen a slightly less rapid rate of growth since 2015, compared to both the longer-term historical average, and the more recent 2011-14 period, says Clarksons Research.  


‘Frothy’ Capesize Sector Threatens New Year Hangover for Dry Bulk

Photo: BSM

Maritime Strategies International (MSI) is forecasting a firm festive season for the dry bulk market, swiftly followed by a New Year comedown.   In its latest Dry Bulk Freight Forecaster* MSI notes that after a steady fall in average daily TCE spot earnings in October


Asia Dry Bulk-Capesize Rates May Dip

Rates from Western Australia to China fall from six-month high. Freight rates for large capesize dry cargo ships on key Asian routes could slide next week as charterers rein in their activity following a flurry of fixtures which pushed rates from Western Australia to China to a six-month high


Great Lakes Iron Ore Trade Dips 9% in May

Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 6 million tons in May, a decrease of 9 percent compared to a year ago, according to figures compiled by the Lake Carriers’ Association (LCA).  Shipments also trailed the month’s five-year average by 7 percent


Uncertainity Plagues Seaborne Iron Ore Shipments

Graph: Clarksons Research

 Chinese iron ore imports account for around two thirds of global seaborne iron ore shipments, making it the key driver of Capesize employment. Clarksons Research Report.   While the hike in Chinese iron ore imports in the year to date has supported Capesize demand


Great Lakes Iron Ore Trade Slides 7% in June

The Lake Carriers’ Association (LCA) reports that iron ore shipments on the Great Lakes and St. Lawrence Seaway totaled 5.8 million tons in June, a decrease of 7.3 percent compared to a year ago. Shipments also trailed the month’s five-year average by 8.4 percent.  


Seaborne Transportation - Economy Without Borders

Graph: Clarksons Research

 With seaborne transportation accounting for the vast majority of the world’s international trade, the importance of the shipping industry to the mechanics of the world economy is generally fairly evident, says Clarksons Research.  


Great Lakes Iron Ore Trade Dips 15% in July

File photo: Jeff Thoreson

Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 5.6 million tons in July, a decrease of 15 percent compared to a year ago, according to the Lake Carriers’ Association (LCA). Shipments also trailed the month’s fuve-year average by more than 18 percent.  


Unexpected Demand to Boost Dry Bulk Rates -Drewry

1-year time charter rates (Source: Drewry’s Dry Bulk Forecaster report)

Increasing trade and contracting supply will support a recovery in charter rates on major dry bulk shipping routes, with the prospect of China importing more coal and iron ore to combat pollution and poor quality, according to the latest edition of the Dry Bulk Forecaster


Dry Bulk Shipping Outlook Good

Graph: BIMCO

 The dry bulk commodity imports into and exports out of China we have seen in the first half of 2016 are very positive – and nothing short of extraordinary, says BIMCO.   But, putting it into perspective, compared to the devastating freight rate levels over the same period


Dry Bulk Insight: BDI likely to stabalise

Graph: Drewry Shipping Consultants Limited

 Drewry expects the Baltic Dry Index (BDI) movements to moderate in September on the back of steady grain, minor bulk and coal trades. However, the iron ore trade is likely to lose its momentum in coming months.   The BDI continued its rollercoaster ride into August first falling then


Great Lakes/Seaway Iron Ore Trade Up in August

Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 6,048,409 tons in August, an increase of 2.9 percent compared to a year ago, according to the Lake Carriers’ Association (LCA). However, shipments trailed the month’s 5-year average by 5 percent.  


China Iron Ore Imports Rise in September

Chinese iron ore imports rose in September, according to Reuters data, as its steelmakers ramped up output in the face of global trade tensions about the country's steel exports.   Thomson Reuters Supply Chain and Commodity Forecasts data showed 82






 
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