BHP Billiton reassesses Port Hedland strategy

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

Dredging at Lumsden Point in Port Hedland has begun, aiming to remove one million cubic meters of material to deepen access for safe vessel berthing.

Between January and August 2024, Chinese seaborne dry bulk imports rose 6% y/y, driven by inventory build-up, despite domestic concerns.

The deal is linked to Gold Valley’s Wiluna West Iron Ore Project and will commence on 30 September, starting with three return train paths a week.

The Port of Mackay handled 3.58 million tonnes of trade in 2023-24, nearing its record of 3.59 million tonnes, as it celebrates 85 years of operation.

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