India’s iron ore tax hike another blow for China

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.

Three bridge-type grab bulk cargo unloaders have arrived at Beibu Gulf Port, advancing the port’s largest bulk cargo berth development.

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.

MOL and Vale retrofitted a Capesize bulk carrier with Norsepower Rotor Sails, marking the first of its kind, aiming to reduce fuel and GHG emissions by 6-10%.

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