Iron Ore Carriers Head for Port of Long Beach

Press Release
Tuesday, April 30, 2013
Iron Ore Carrier: Photo courtesy of MOL

Iron ore exports start up at Long Beach: Western U.S. mines supply the raw material for shipment to Asia.

Officials gathered dockside to celebrate the exporting of iron ore from the Port of Long Beach – a promising new line of business developed by SA Recycling, a longtime exporter of scrap metal.

SA Recycling is working with CML Metals Corp. to send iron ore from mines in Utah, California, Arizona and Nevada to meet the growing demand for raw materials in Asia’s booming steel industry. The iron ore exports, which started up this spring, are the first in 40 years from the Port.

“The Commission appreciates our industry partners’ efforts to find new business, especially export business, at the Port,” said Long Beach Harbor Commission Vice President Thomas Fields. “SA Recycling is a top-notch innovator, and we’re delighted that the Port was able to assist SA in expanding into the iron ore market.”

“I’m really excited about it,” said George Adams, president and CEO of SA Recycling. “The price of iron ore is starting to rise to the point where you can afford to mine it and ship it to China, South Korea, Malaysia and other Asian markets.”

At prices nearing $140 per metric ton, iron ore is a rising star in the U.S. economy and a perfect fit for SA Recycling and the Port. The raw material is abundant in the western U.S., the demand in Asia is rising rapidly, and SA Recycling’s Long Beach port operations are well suited to handling the cargo.

After a year of planning with the Port, SA Recycling recently loaded and sent its first 50,000-ton shipment of the raw material. If market demand remains strong, SA Recycling could export more than 1 million tons this year.

 

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Puget Sound Container Volumes Flat in 2014

Container volumes through Puget Sound’s largest container ports remained flat in 2014, according to numbers released jointly for the first time by the ports of Seattle and Tacoma.

Ecochlor BWTS Chosen for 8 New Bulkers

Times Navigation, Inc. has selected Ecochlor, Inc. to provide ballast water treatment systems (BWTS) for installation on a fleet of eight new CROWN63 (63,500 DWT)

Port of Redwood City Sees Cargo Increase

The Port of Redwood City experienced a five percent increase in cargo movement across its docks for the first half of fiscal year 2014/2015 that ended December 31, 2015.

Ports

Puget Sound Container Volumes Flat in 2014

Container volumes through Puget Sound’s largest container ports remained flat in 2014, according to numbers released jointly for the first time by the ports of Seattle and Tacoma.

New Berthing System for Mooring Cargo Ships

Eagle Rock Aggregates, U.S. subsidiary of Polaris Materials Corporation, has completed a new aggregate import facility at the Port of Long Beach that features a

Damen Delivers Workboat to Multraship

Towage and salvage operator Multraship has taken delivery of the first of two customized Damen Stan Launch 804s vessels for its line handling and boatmen service companies in Terneuzen,

News

Shepler’s New Ferry Takes Shape

Sparks are flying on the bulkhead and engine room of the $3.8 million, 85-foot Miss Margy, the newest addition to the Shepler’s Mackinac Island Ferry fleet, at Moran Iron Works.

LEEVAC Launches First PSV for Tidewater

On Tuesday, January 27, LEEVAC Shipyards Jennings, LLC launched hull 367, a platform supply vessel (PSV) designed by LEEVAC Design Services, LLC (300 DE-52 HAB PSV).

Puget Sound Container Volumes Flat in 2014

Container volumes through Puget Sound’s largest container ports remained flat in 2014, according to numbers released jointly for the first time by the ports of Seattle and Tacoma.

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1669 sec (6 req/sec)