Bhp Group News

07 Feb 2020

Baltic Index Falls

© / Adobe Stock

The Baltic Exchange's main sea freight index declined on Friday as lower rates for capesize and supramax segments offset gains in the panamax category.The Baltic index, which tracks rates for capesize, panamax and supramax vessels to ferry dry bulk commodities, dropped 16 points, or 3.7%, to 415.The main index has lost nearly 14.8% this week, its ninth consecutive week of decline.The capesize index fell 47 points to a negative 234, down for the 41st straight session.Average daily earnings for capesizes…

21 Jan 2020

Baltic Index Slips to 9-Month Low

© Idanupong / Adobe Stock

The Baltic Exchange's main sea freight index fell to its lowest level since early April last year on Tuesday, weighed down by weaker demand for vessels across all segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 40 points, or 5.5%, to 689 - its lowest since April 3, 2019.The capesize index declined 98 points, or 16.5%, to 495.The capesize index registered its 28th straight session of losses, and is at its lowest level in nine months.Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne c

30 Dec 2019

BHP Mulls World's First LNG-Powered Fleet

Rashpal Bhatti. Image: BHP

Global miner BHP Group may award contracts worth close to $1bln to companies bidding to build the world’s first fleet of bulk ships fueled by liquefied natural gas (LNG).According to a report from the Sydney Morning Herald, the contracts could be awarded in the next three months after reviewing 17 bids from gas producers, shipbuilders and financial institutions.BHP, the largest charterer of bulk carriers in the world, has revealed it is close to deciding who will win a tender…

08 Oct 2019

Port Hedland Sept Iron Ore liftings to China Dip

File Image (CREDIT: Barry Parker)

Iron ore shipments to China from Australia's Port Hedland terminal, the world's biggest iron ore port, fell more than 5% in September from a month earlier, port data showed on Tuesday.Shipments to China totalled 36.05 million tonnes in September, down from 38.14 million tonnes in August, the Pilbara Ports Authority said.Overall iron ore shipments totalled 41.97 million tonnes in September, down more 7% from 45.43 million tonnes in August.Port Hedland is used by three of Australia's top four iron ore miners: BHP Group, Fortescue Metals Group and Gina Rinehart's Roy Hill.Reporting by Colin Packh

16 Jul 2019

US Gulf Production Restarting After Barry

(Photo: BP)

U.S. oil companies on Monday began restoring some of the more than nearly 74% production shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said.There was 1.3 million barrels per day (bpd) of oil production off line in the U.S.-regulated areas of the Gulf of Mexico on Monday, about 80,000 barrels less than on Sunday, according to the U.S. Bureau of Safety and Environmental Enforcement (BSEE).Workers also were returning to the more than 280 production platforms that had been evacuated.

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