Port Hedland Iron Ore Shipments to China on the Rise
Iron ore shipments to China from Australia's Port Hedland terminal rose 5.3 percent in September from a month earlier, port data released on Wednesday showed.Iron ore shipments to China from the world's biggest iron ore port totaled 37.4 million tonnes in September, up from August's 35.5 million metric tons, according to the Pilbara Ports Authority.Total September iron ore shipments from the port totaled 43.5 million metric tons, up from 42.4 million metric tons in August.Port Hedland is used by three of Australia's top four iron ore miners, BHP Billiton, Fortescue Metals Group and Gina Rineha
Chinese Steel Mills Chase Iron Ore Contracts with Brazil's Vale
Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron ore ahead of winter steel output cuts, a boon for the main supplier of such grades of the commodity, Brazilian mining giant Vale.China, the world's biggest consumer of the steelmaking ingredient, needs higher-quality, less polluting grades of iron ore as it battles to clear its notoriously smoggy skies.That demand highlights how China's prolonged war on pollution is shaking global markets for iron ore…
Port Hedland Iron Ore Shipments to China Jump
Iron ore shipments to China from Australia's Port Hedland terminal rose nearly 10 percent in August from a month earlier, port data released on Monday showed.Iron ore shipments to China from the world's biggest iron ore port totalled 35.5 million tonnes in August, up from July's 32.4 million tonnes, according to the Pilbara Ports Authority.Total August iron ore shipments from the port totalled 42.4 million tonnes, higher than the 40.7 million tonnes shipped a month prior, but 1 pct lower than August 2017.Port Hedland is used by three of Australia's top four iron ore miners, BHP Billiton , Fort
Port Hedland Iron Ore Shipments to China Climb in June
Iron ore shipments to China from Australia's Port Hedland terminal rose 7 percent to 39.69 million tonnes in June from a month earlier, port data released on Tuesday showed.Total June iron ore shipments from the world's biggest export terminal for the steelmaking raw material totalled 47.29 million tonnes, compared with 44.97 million tonnes in May, according to the Pilbara Ports Authority.Port Hedland is used by three of Australia's top four iron ore miners, BHP Billiton , Fortescue Metals Group and Gina Rinehart's Hancock Prospecting.Rio Tinto uses the nearby Dampier and Cape Lambert ports to
Port Hedland Iron Ore Shipments to China Rise 2.4% in May
Iron ore shipments to China from Australia's Port Hedland terminal in May rose 2.4 percent from a month earlier to 37 million tonnes, port data released on Monday showed.Iron ore shipments to China in April stood at 36.1 million tonnes.Overall iron ore shipments from the world's biggest export terminal rose to 45 million tonnes in May from 42.6 million tonnes in the previous month, the Pilbara Ports Authority said.Port Hedland is used by three of Australia's top four iron ore miners - BHP Billiton , Fortescue Metals Group and Gina Rinehart's Hancock Prospecting.(Reporting by Tom Westbrook; Edi
China and Shifting Seaborne Iron Ore Dynamics
The seaborne iron ore market appears to be in something of a sweet spot currently, with largely steady demand and prices that have been flatlining for the past couple of months. Of course, another way of saying that a market is enjoying relatively stable and good times is that it's boring, but in iron ore there is plenty of action bubbling beneath the seemingly calm exterior. It's not so much that iron ore prices or volumes are expected to shift dramatically in the coming months, it's more that structural changes in the world's biggest importer, China, are re-shaping how the industry works.
Port Hedland May Clear Ships as Storm Builds off Australia
Giant iron ore port may close as Australian storm builds. Vessels may be cleared from Australia's Port Hedland, the world's biggest iron ore export terminal, as early as Thursday as a safety precaution because of a tropical storm, port manager Pilbara Ports Authority said on Wednesday. The authority said Port Hedland may start clearing vessels on Thursday morning if the tropical low builds overnight into a cyclone off the Western Australia coastline. Port Hedland is used by three of Australia's top four iron ore miners - BHP,, Fortescue Metals Group and Gina Rinehart's Hancock Prospecting.
Australia Cuts Resources Export Revenue Forecast on Iron Ore Outlook
Australia has revised down the value of its resources and energy export earnings in the year to end-June 2017 by 4.6 percent, or nearly A$10 billion ($7.6 billion), due largely to falling prices for iron ore, its most valuable export. The downward revision to A$205 billion mainly reflects an earlier than expected decline in iron ore prices since the previous forecasts were published three months ago, the Department of Industry, Science and Innovation said. Iron ore, Australia's top source of export revenue…
BHP to Spend $240 mln on Iron Ore Tug-Boat
BHP Billiton plans to construct a new eight pen tug harbour at Hunt Point in Port Hedland, as well as purchase six additional tugs, for $US240 million ($A326 million). The investment will also include an upgrade of workshop facilities, operational and service berths and two small boat moorings at the existing Nelson Point tug harbour. The project is expected to create up to 200 jobs in Port Hedland during construction phase. BHP is expected to show it shipped a record 250 million tonnes of iron ore through the port in fiscal 2015 when it releases its year-end operations report on Wednesday.
Oil Price Plunge Delivers Mixed Results for Australia
The plunge in oil prices since mid-2014 will lift airline profitability, ease pressure on mining companies, perk up retailers, but strain the oil and gas sector, Moody's Investors Service said in its analytical report "Low Oil Price Will Lift Airline Profitability; Pressure Oil and Gas Producers" authored by Maurice O'Connell and Matthew Moore, both Moody's Vice Presidents. "The benchmark Brent crude price plunge will boost Australian airlines' profitability, cash flows and credit metrics into 2016, but the mining sector will benefit to a lesser degree," O'Connell said.
Aussie Tug Engineers take Deal, Cancel Strike
Tug engineers withdrew plans to strike at Port Hedland, Australia's biggest iron ore port, tug operator Teekay Shipping said on Thursday, removing a threat to exports from BHP Billiton and Fortescue Metals Group Ltd. The Australian Institute of Marine & Power Engineers (AIMPE) a day earlier had given notice of a four-hour stoppage to come on Nov. 22, after rejecting an enterprise agreement offering additional annual leave and three annual 2 percent wage hikes. But Teekay said AIMPE has agreed to a new enterprise agreement and withdrew its notice of industrial action.
Tug Operators Plan Strike at Port Hedland
Tug boat engineers at Port Hedland, Australia's biggest iron ore port, plan to stop work for four hours on Nov. 12 over a pay dispute, threatening exports from BHP Billiton and Fortescue Metals Group , according to tug operator Teekay Shipping. The Australian Institute of Marine & Power Engineers (AIMPE) has given notice of the stoppage, Teekay said, adding that it exempted towage already under way. AIMPE Federal Secretary Martin Byrne said the action was aimed at having "minimal impact" on the port's users and would take place in the morning during a low tide…
BIMCO: Bulk Market Awaits Freight Rates Lift
Dry Bulk Shipping: All eyes on Brazilian iron ore exports, as we await the long-anticipated lift in freight rates. The freight market, which performed so well in Q1, has certainly not delivered in the past four months. BDI has dropped from 1,621 on March 20 to hit 747 on July 29. Panamax ships have not been above $10,000 per day since February 20, but below $5,000 per day for most of June and July. BIMCO expected challenging market conditions, also for Panamaxes, but rates below $4,000 per day were an unpleasant and unexpectedly low level.