Low emission bulk carrier success

HGK Shipping has taken a strategic decision to buy the 60% of BeKa HGK it did not already own, strengthening its position in the agri-bulks sector.

In mid-August, specialist operator Transhipment Services Australia (TSA) placed an order with shipbuilder Damen for a transhipper barge to service exports from Metro Mining’s Bauxite Hills project in far North Queensland.

Chinese iron ore imports fell to 88.5 Mt in July 2021, the lowest level since May 2020, meaning that accumulated imports were lower than in the first seven months of 2020.

It has been a profitable year for dry bulk shipowners, with temporary factors expected to continue providing support into 2022.

Brazil’s iron ore exports are set to be up 14.4% in the first four months of 2021, despite disruption scares.

Zeamarine has won a major ocean transport contract from Schenker Australia Pty Limited for the BHP South Flank Project in Western Australia.