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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Six New VLCCs Marks the Start of a Busy Delivery Year

2016 is off to a flying start when it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe, says a report BIMCO.

BAE Systems Awarded £201m to Advance Successor Sub Design

The U.K. Ministry of Defence (MoD) has awarded BAE Systems £201 million to further the design of a successor to the Royal Navy's Vanguard class submarines.   The

Indonesian Navy Orders MAN Engine for Training Ship

MAN Diesel & Turbo has received an order for an MAN 6L21/31 engine to power a newbuilding cadet training sailing ship for the Defence Ministry of the Republic of Indonesia.

Ports

Maersk Line to Face Miserable 2016

In a video interview Group CEO of AP Møller-Maersk Nils S. Andersen comments on the 2015 full year result, low oil and freight rates, and the challenges and opportunities

Liberia to Receive Preferential Flag Status with Respect to Chinese Tonnage Dues

Pursuant to the Maritime Transport Agreement signed between the Republic of Liberia and the People’s Republic of China on 3 November 2015, Liberia will be added

USCG to Inspect Storm-damaged Anthem of the Seas

The storm-damaged Royal Caribbean cruise ship Anthem of the Seas is scheduled to return to New York Harbor Wednesday evening where it will be met by a team of inspectors from U.

News

Maersk Line to Face Miserable 2016

In a video interview Group CEO of AP Møller-Maersk Nils S. Andersen comments on the 2015 full year result, low oil and freight rates, and the challenges and opportunities

Shipping Firms Poised to Settle EU Probe

Fifteen container liner shipping companies "have offered to change their pricing practices to settle an EU antitrust probe and stave off possible fines," according

US, India Consider Joint Patrols in South China Sea

The United States and India have held talks about conducting joint naval patrols that a U.S. defense official said could include the disputed South China Sea, a move that would likely anger Beijing,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pipelines Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction 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: 0.1124 sec (9 req/sec)