Baffinland Iron Mines sets shipping record

Yesterday, Baffinland Iron Mines Corp. (Baffinland) concluded its 2018 shipping programme. From 24 July to 17 October, Baffinland shipped approximately 5.1 million t of iron ore from its Milne Inlet port to markets in Europe, the UK, Taiwan, and Japan. 71 voyages were executed, carrying an average of 71 750 t of iron ore each over an 86 day period. This establishes the record for the largest shipping programme by volume ever executed in the Canadian High Arctic, surpassing Baffinland’s previous record of 4.1 million t shipped in 2017. Baffinland also carried out two Northern Sea route transits to Asia, a first for iron ore bulk carriage.