Vale Looks for More Ships as China Sales Seen Doubling

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Category: Mercados - Fletes- Cotizaciones
Published on Sunday, 10 August 2014 04:05
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By Juan Pablo SpinettoAug 8, 2014 10:52 PM GMT+0200
 
Bloomberg
Vale SA (VALE5), still facing restrictions inChina on its giant Valemax vessel, is looking to expand its shipping fleet as it seeks to boost sales to the Asian nation.

The world’s largest iron-ore producer plans to double its shipments in the next five years to China, where it now supplies 12 percent to 14 percent of the country’s iron ore consumption, said Jose Carlos Martins, Vale’s head of ferrous metals.

While the Rio de Janeiro-based company’s iron-ore output so far this year is ahead of expectations, it’s maintaining its 2014 output target of 312 million metric tons as operations could still be affected by rains or conflicts with Brazil’s indigenous population, Martins told reporters in Rio yesterday.

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Ship Demand to Surge as Ore Cargoes Bust 1.3 Billion Tons

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Published on Sunday, 10 August 2014 03:49
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By Naomi ChristieAug 8, 2014 2:36 PM GMT+0200
 
Photographer: Sergio Dionisio/
 
Bloomberg

Bulk carriers are loaded with iron ore at the ship loading facility at Fortescue Metals Group Ltd.'s Herb Elliott Port in Port Hedland in the Pilbara region, Western Australia. Close

Bulk carriers are loaded with iron ore at the ship loading facility at Fortescue Metals... Read More

Photographer: Sergio Dionisio/Bloomberg

Bulk carriers are loaded with iron ore at the ship loading facility at Fortescue Metals Group Ltd.'s Herb Elliott Port in Port Hedland in the Pilbara region, Western Australia.

 

Australia’s plans to export more iron ore this year than any nation ever is driving up shipping costs by 80 percent. Increased sales from Brazil before year-end means freight rates could go higher still.

Rio Tinto Group and

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Atlantic Panamax freight rates improve on tight prompt tonnage, better sentiment

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Published on Friday, 25 July 2014 22:56
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London (Platts)--25Jul2014/324 pm EDT/1924 GMT


Platts

Freight rates ticked up for trans-Atlantic Panamax runs as prompt tonnage was met with a fair volume of inquiry, but the long-term outlook remained uncertain, shipping sources said Friday.
     The Hampton Roads, Virginia-Rotterdam coal route, basis 70,000 mt improved to $9.25/mt on Friday, up from $9/mt the day before. SVS was heard fixing on subs at $11/mt on its 70,000/10 mt cargo with 2-port load from Baltimore and Norfolk with discharge at Redcar for August 8 laycan.            According to shipping sources, stems with one port load would be achieving $9.25-9.5/mt for similar dates. ArcelorMittal was heard fixing its Port Cartier, Canada-Ghent, Belgium 75,000/10 mt iron ore cargo at $8.5/mt level for August 7 laycan. The cheaper rate can be

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Freight Agreements Get More Confusing Every Year

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Published on Friday, 25 July 2014 23:12
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With Alliances Forged and Foundered Australia Reviews Anti-Trust Regulation

AUSTRALIA – UK – WORLDWIDE – The London based International Chamber of Shipping (ICS) has submitted comments on behalf of the global shipping industry to a comprehensive competition policy review being conducted at the request of the Australian Government, which is looking at ways to ‘reinvigorate Australia’s competition culture’. In its submission, the ICS makes a firm point to support the maintenance of what it calls ‘important’ antitrust exemptions that currently apply to international maritime transport, particularly the container shipping sector, exemptions which it argues support the ocean freight industry in a myriad of ways, and the Chamber also draws attention to the practices and recent rulings of other countries that Australia has trade ties with. 

The

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Hapag-Lloyd and MOL in new UK-West Africa service

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Published on Wednesday, 02 July 2014 05:45
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Hapag-Lloyd and MOL in new UK-West Africa service

 By from London
 

A new service between Hapag-Lloyd and MOL will connect DP World’s London Gateway with various ports in West Africa.

 

The service, to rotate between Antwerp, Hamburg, DP World London Gateway, Algeciras, Dakar, Lagos/Apapa, Tema, Abidjan and Algeciras before returning to Antwerp, will enable the UK to export chemicals, white goods, malt, fish and meat to Africa.

Meanwhile import goods such as canned fish, timber, bananas and vegetables will be carried inland by rail carriers DB Schenker and Freightliner.

“The decision to bring the service to DP World London Gateway by existing customers Hapag Lloyd and MOL demonstrates confidence in DP World London Gateway’s ability to deliver a reliable efficient service and their desire to

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