China Demand Drives 7% Jump in Minor Ore Exports
“Driven by continued growth in minor ore demand in China, global seaborne minor ore exports rose 7% y/y in the first seven months of 2023, vastly outpacing the 2% y/y growth in overall dry bulk exports,” says Filipe Gouveia, Shipping Analyst at BIMCO.Accounting for 51% of seaborne minor ore exports, bauxite exports also led year to date growth with a 9% y/y increase. Bauxite is refined into alumina, the primary ingredient in aluminium production.Chinese aluminium production has rapidly increased since the start of the Ukraine war.
Polish Shipyard Launch LNG Powered Ro/Pax Ferry
Remontowa Shipbuilding launch building no. B 613/1, the largest ferry of this kind built by the yard to date. Remontowa Shipbuilding says it is the largest production shipyard in Poland, and the only one with extensive experience in the construction of ecological, gas powered ferries. During last five years they have built eight gas powered ferries to serve local car – passenger transportation on the Norwegian coast. In contrast to previously delivered ferries fuelled by diesel or gas power, this one will be powered only by LNG and emergency CNG gas engines.
