Hellenic Shipping News Worldwide

Iron ore holds the line as coal exports flag and LNG fails to fire

BHP Billiton captures the bleak reality of the end of the Australian resources boom.

Surge in global demand for coal has ports expanding

Among British Columbia's merchandise exports, coal is king as demand for metallurgical supplies remains strong globally.

China's Zhejiang Commodity Exchange mulls e-trading of iron ore

A government-controlled exchange in east Zhejiang province is looking at joining the growing number of Chinese commodities exchanges hosting an e-trading platform for iron ore.

China's March iron ore imports from Australia rise

China imported 32.17 million mt of iron ore from Australia in March, up 12% year on year and up 27.5% from February.

Copper, tin likely beneficiaries in 2013 from improved demand: Macquarie

Copper and tin are likely to be the biggest near-term beneficiaries of improved apparent demand through the first half of 2013, with supply availability still limited, Macquarie said in a research note Friday.

Top Iron Miner Vale Gains After CEO Says China Demand Recovering

Vale , the world's largest iron- ore producer, rose the most in a week after Chief Executive Officer Murilo Ferreira said the company will benefit from a recovery in Chinese construction and manufacturing.

Panamax coal freight rates slip on vessel oversupply despite fixtures

Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India ended the week stable to slightly lower on Friday, amid a pick up in fixture activity

If China willing, Gold to break all time high: Saxo Bank

Gold prices may reach all time high of $2,075 an ounce in December this year as mainland China's gold buying from Australia rose sharply, said Saxo bank in a commodity snippet.

The iron ore conundrum

Earlier this week, the Supreme Court allowed 18 mines to resume operations in Karnataka, partially easing a 16-month ban on iron ore mining because of environmental concerns. The decision should help increase ore supplies to the domestic iron and steel...

Argentina August steel output rebounds, down on year

Argentina's steel output in August grew by a wide margin from July but was still down sharply on the year as a number of factories shuttered operations to conduct maintenance. August raw steel output totaled 379,900 metric tons, a 10.4% gain on the...

How China drives commodities down

Australia's resources minister, Martin Ferguson, has caused a stir with his assertion that the country's mining boom, one of the biggest drivers of its economic growth, is "over". As he acknowledged, the state of the global economy has depr...

Huge Shiploads Of Iron Ore Continue To Come Into China And Sit Idly At Ports

Despite weakening demand for iron ore from steel makers on slowing economy and construction works, and very week demand for cotton as the textile industry suffer, China continues to import massive amount of iron ore and cotton. At a port in Qingdao,...

Rio Tinto awards over $1 billion in Aboriginal joint venture and direct business contracts for Pilbara expansions

More than $1 billion in both Aboriginal joint venture and direct business contracts for Rio Tinto's Pilbara expansion projects have now been awarded over the last two years. The milestone was reached with the announcement of a $55 million earthworks...

Brazil's Usiminas scales back iron ore mining plans

Brazilian steelmaker Usiminas has cut back on plans to expand its iron ore production, reducing its targeted output by 2015 to 25 million tonnes from 29 million tonnes, the company's vice-president said.

Global, Indian, Spain, Iran refined copper production rises in Q1: WBMS

Global refined copper production rose by 3% year-on-year to 4.95 million tons in the first quarter (Q1) of this year with significant increase in Spain, Iran and India, as per latest data released by World Bureau of Metal Statistics (WBMS).

US coal production falls 8 pct year on year in week ending May 5: EIA

US coal production totaled about 17.9 million st in the week ended Saturday, the Energy Information Administration said. The production estimate, based on railcar loadings, is the same as the previous week's estimate and 8% lower than the estimate for ...

Coal seen rebounding as China sets steel output record

Coking coal prices are set to rebound as early as July from four straight quarterly declines as China and India seek raw material overseas to fire new steel production in the world’s fastest-growing major economies.

Mongolia could go it alone on giant coal mine-exec

Mongolia might choose to go it alone on the development of the western block of its giant Tavan Tolgoi coal mine after struggling for years to find the right investors, an executive with the state-owned firm in charge of the project said.

Essar plans to buy coking coal mines in Africa, Australia

Essar Steel is planning to acquire coking coal mines in Africa or Australia to help the company that has few captive sources of crucial raw materials integrate backward to protect its profit margins.

China's coal consumption continues to rise

According to the China Electricity Council, China's coal demand will reach 4.3 billion tons by 2015, an increase of 970 million tons compared to the year 2010 and an annual increase of 5.2 percent, Shanghai Securities News reported on Monday.

Russia Cuts 2011 Coking Coal Exports 21 pct as China Demand Drops

Russian exports of steelmaking coal declined 21 percent last year to 14.2 million metric tons because of lower demand from China and periodic halts at some Siberian mines.

Warning on ore cargoes and liquefaction

The Association refers to its previous warnings on the dangers of bulk cargo liquefaction problems, mainly arising from the carriage or mineral ore cargoes. The recent loss of two vessels, one with significant loss of life, once again highlights the concern of the shipping industry to the continued dangers of the liquefaction of mineral ore cargoes shipped in bulk.

Vale’s Mozambican coal operation starts exports but encounters protest

Brazilian major mining group Vale’s Moatize mine in the Tete province of Mozambique produced 620 000 t of coal last year. This was recently revealed by Mozambican Prime Minister Aires Ali. However, only 140 000 t, or about 22.6%, of this coal, was...

Vale’s 350,000 Ton Cargo of Iron Ore to Be Auctioned to the Highest Bidder

Brazilian iron ore producer Vale SA (VALE) will likely wait until the end of the Lunar New Year to sell a massive cargo of iron ore that was delivered into the Chinese port of Dalian via one of its “very large ore carriers” or VLOCs at the end of December, two traders said.

Beacon starts coal exports from Mozambique

British company Beacon Hill Resources has announced that it has begun exporting coal from the central Mozambican port of Beira.