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.

 


Contracts

ACE Winches Bags Order from Vard

Deck machinery specialist ACE Winches said it has been awarded a spooling contract with Vard Group AS for Norway’s largest construction vessel.   The scope of work includes the spooling of two 3,

Fugro, US Army Corps of Engineers Ink Mapping Deal

Fugro has been awarded a photogrammetric and LIDAR surveying and mapping contract by the U.S. Army Corps of Engineers, St. Louis District, Missouri. The agreement

Nakilat Upgrades VSAT Service for LNG/LPG Fleet

Nakilat, the shipping arm of Qatar’s liquefied natural gas sector, has entered into a contract with Global Eagle Entertainment Inc.’s Emerging Markets Communications

Bulk Carrier Trends

Fednav Welcomes Innovative Ballast System at Indiana Port

Fednav Limited, the largest international bulk shipowner in Canada, welcomed to the Port of Indiana-Burns Harbor, the Federal Caribou, one of seven new oceangoing

Essar’s Vizag Port Terminal Boost Third Party Business

Post the taking over of Vishakhapatnam Port Trust’s (VPT's) Iron Ore Handling Complex (OHC) on a Build-Operate-Transfer (BOT) basis for a period of 30 years in May’ 15,

Fednav's New Bulker Features High-tech BWT System

Fednav Limited,  an  international bulk shipowner in Canada, has welcomed to the Port of Indiana – Burns Harbor, the Federal Caribou, one of seven new oceangoing

Ports

Extreme Boat Lifts Installed in the Panama Canal

When the Republic of Panama needed lifts for a pair of its service boats, it turned to Golden Boat Lifts for the supply of two custom-designed 7,000 lb. capacity

Fednav Welcomes Innovative Ballast System at Indiana Port

Fednav Limited, the largest international bulk shipowner in Canada, welcomed to the Port of Indiana-Burns Harbor, the Federal Caribou, one of seven new oceangoing

Essar’s Vizag Port Terminal Boost Third Party Business

Post the taking over of Vishakhapatnam Port Trust’s (VPT's) Iron Ore Handling Complex (OHC) on a Build-Operate-Transfer (BOT) basis for a period of 30 years in May’ 15,

News

Royal IHC Upgrades TSHD Pump for Van Oord

Royal IHC informs it has completed the upgrade of the underwater pump and jet water system on trailing suction hopper dredger (TSHD) VOLVOX TERRANOVA for Van Oord.

Extreme Boat Lifts Installed in the Panama Canal

When the Republic of Panama needed lifts for a pair of its service boats, it turned to Golden Boat Lifts for the supply of two custom-designed 7,000 lb. capacity

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Pod Propulsion Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1190 sec (8 req/sec)