Cautious optimism in the stockyard

Between January and August, India’s coal shipments rose 10% y/y, driven by strong electricity demand, but hydropower recovery may reduce future coal demand.

Shipowners have found stable dry bulk markets with narrow spot rate ranges and low scrapping, but recent trends show Capesize and Panamax rates falling.

Vale and Euroports Tarragona have teamed up to enhance Mediterranean iron ore logistics, marked by the Magsenger 10 delivering 110,000 tonnes from Brazil.

Western Australia will get a heavy haul rail collaboration centre and a rolling stock manufacturing base, supporting the iron ore industry.

ZPMC’s bridge-type grab ship unloader has entered the Japanese market for the first time, marking a significant breakthrough for the company.

Rio Tinto marks a milestone with the shipment of 4 billion tonnes of Pilbara iron ore from Dampier Port to China Baowu Steel Group.