Iron Ore news

The Association of American Railroads (AAR) reported US rail traffic for the week ending 30 December 2023, as well as volumes for December 2023.

Future Market Insights have forecast the demand for iron ore pellets to increase from US$66 503.9 million in 2023 to US$141 988.8 million in 2033.

Vale, in partnership with Oldendorff Carriers, has commenced its first biofuel voyage with the Hinrich Oldendorff fuelled by residual cooking oil and fuel oil.

A Memorandum of Understanding has been executed by Alien Metals Ltd with Pilbara Ports Authority for the export of iron ore.

Signal Group have reported that the dry bulk shipping market looked to have a more optimistic outlook with iron ore also experiencing a rally in price.

Fortescue’s first shipment from its newly built Iron Bridge operations will soon be on its way to Vietnam, marking the first time the company has exported a high-grade magnetite product.

The Port of Rotterdam has reported that it handled slightly less freight in 1Q23 than in 1Q22, although dry bulk cargo showed slight growth.

Vale has become an early signatory of the ‘25 by 25 Pledge’, launched by BIMCO as part of its ongoing effort to accelerate trade digitalisation and streamline bulk sector supply chains.

The Port of Sept-Îles and LOGISTEC Arrimage Inc. have handled 50 million t of iron ore since the port’s multi-user dock opened in March 2018.

Kawasaki Kisen Kaisha, Ltd has conducted the trial use of a marine biofuel, supplied by bp, to the capesize bulker ‘CAPE TSUBAKI’, with the co-operation of the charterer, JFE Steel Corporation.