An enormous ore carrier has become the largest vessel yet to harness the wind, another baby step in the industry’s efforts to cut its fuel bills and carbon emissions.
Bulk carriers are essential to the viability of many industries. Without these vessels, transporting iron ore between mines in Brazil and Australia and steel mills located in China and Europe ...
China’s spluttering stimulus and strong production means the market for the steel-making ingredient will move further into oversupply next year. That’s bad news for miners and the federal ...
and barges to transfer iron ore from port to carriers moored offshore. It is understood one of the barges was out of action for days after rope became tangled around its propeller, amid a series ...
Citi projects iron ore prices to average $85 per ton by 2026 amid rising supply and weak demand. Low-carbon steel trends and Simandou's new supply drive challenges for iron ore market recovery.