STX signs 20-year deal with Posco

The US is edging towards sustained growth economy, but global changes present new challenges/opportunities in its bulk sector.

After coming under increasing pressure from institutional shareholders, Queensland-based rail company Aurizon and its partners have frozen development of the A$4.5B West Pilbara Infrastructure Project (WPIP).

Developers of Western Australia’s latest major iron ore project are confident the first exports will take place on schedule in September this year, despite a number of setbacks.

India’s Adani Group insists it remains committed to its massive Carmichael coal mine, rail and port project in Queensland’s Galilee Basin – despite a new, less supportive state government, growing Green-led opposition, and question marks over viability, propriety and finance.

Despite having the world’s fifth largest coal reserves, India is the third largest importer, but its plans to reverse this trend could have a significant impact on global seaborne coal traffic.

The wood pulp industry is highly competitive so port operators have to match shippers’ expectations.