ShippingWatch

Fortescue increases iron ore production

The Australian mining company is taking the lead from its competitors and has increased the production of iron ore in the past quarter.

The Australian producer of iron ore Fortescue, which is among the largest in the world, advanced in the production of iron ore in the second quarter this year, which is the fourth quarter in the company's fiscal year 2014/2015.

The total amount of iron ore which the company shipped in the fourth quarter constituted all of 42.4 million tons. This was an increase of five percent compared to the third quarter and an increase of ten percent compared to the same quarter in the previous year.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Ørsted wants Maersk as customer in green methanol project

Energy company Ørsted has just bought 45 percent of Swedish Flagship One, which is set to produce green methanol for the shipping industry as of 2024. Ørsted's head of hydrogen wants Maersk as customer in the large scale project, he tells ShippingWatch.

Singapore names its biggest bunker suppliers

TFG Marine, a bunker company founded by two John Fredriksen-controlled carriers and commodity trader Trafigura, is among the five biggest bunker suppliers in Singapore in 2021. See the list here.

Record number of ships passed through Suez in 2021

Despite the blockage in the Suez Canal during spring of last year, the crucial waterway set a record for the number of ships passing through in 2021, reports Bloomberg. The canal is expected to complete an expansion by the middle of next year.

Further reading

Related articles

Latest news

See all jobs