US ports in a storm

Associated British Ports and Viterra will invest £ 10m in a new warehouse at Immingham International Terminal, boosting storage capacity to nearly 80,000t.

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

Viterra will acquire five storage and handling sites, and a mobile ship loader from Cargill, pending ACCC and FIRB approval, aiming to reduce freight rates.

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

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.