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Australian port in iron ore boom

During December 2012, Port Hedland in Australia shipped 25 percent more iron ore to China than in the month before. The overall volume of exported iron ore has reached its highest level ever, Reuters reports.

Photo: Rederiforeningen

The export level of iron ore to China from Port Hedland in Australia in December 2012 increased by 25 percent compared to the month before reaching a new record-high level, figures from the news agency Reuters show. Now, the transportation of iron ore from Australia to China is one of the most active dry bulk routes.

The increase takes place as Chinese steel mills are once again ordering seaborne iron ore following a long period of stock reductions since the middle of 2012. The considerable increase takes place directly before the Australian and Brazilian cyclone season running until April each year.

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