Cautious optimism in the stockyard

Southern Ports and Gold Valley marked a milestone as MV Sifnos departed the Port of Esperance with 78,000t of iron ore.

ZPMC’s new continuous screw-type ship unloader, with a capacity of 600-2,000 tonnes per hour, advances eco-friendly bulk cargo handling.

The Balaka-Lilongwe railway now enables coal imports from Mozambique’s Tete Province, where Indian companies have bought mines to supply coal to India.

Arc Infrastructure has launched Gold Valley Iron Ore train services, with the inaugural train transporting ore from West Kalgoorlie to Esperance.

Liquified natural gas is unlikely to displace coal in China’s energy transition, as the country prioritises domestic energy sources over imported LNG.

Drewry forecasts a 3.3% rise in Capesize shipping demand in 2024, driven by increased coal exports from Colombia to Asia, offsetting reduced European demand.