Category Archives: Shipping

All’s well that ends well at sea

Posted on June 7, 2012 by

Losing $4.2 billion can be embarrassing and so it seemed for the world’s largest iron ore miner, Vale, when the fatefully named Vale Beijing almost sank on its maiden working voyage. While partly loaded with 260,000 tons of iron ore, … Continue reading →

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Posted in China, Iron ore exports, Shipping | Tagged , | Leave a comment

Gain from the pain

Posted on March 5, 2012 by

Iron ore miners, along with other users of bulk cargo, are enjoying the lowest shipping costs in 25 years. Amazingly, it costs the same as it did in 1986 to get a tonne of iron ore to China because a … Continue reading →

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Shipping costs plummet as Vale gambles

Posted on January 18, 2012 by

The cost of shipping iron ore around the world has plummeted just as the world’s biggest iron ore miner, Vale, embarks on its audacious strategy to overcome the freight advantages enjoyed by Australian miners BHP Billiton and Rio Tinto. The … Continue reading →

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Posted in China, Shipping, Steel market | Tagged , | 1 Comment