New Australian iron mine bad news for shipping

The opening of the Roy Hill mine in Australia and the collapse of the Samarco dam in Brazil make the distortion in the iron ore market even clearer. This is bad news for shipping, says Bimco.

Første sending jernmalm fra Roy Hilll-minen i Australien bliver lastet på Anangel Explorer på 173.000 tdw. | Photo: PR-foto

The first shipment of iron ore from the new Roy Hill mine in Australia is more or less loaded onto the 173,000 dwt dry bulk vessel Anangel Explorer.

The Roy Hill company tells ShippingWatch that the vessel is berthed at the recently completed terminal in near Port Hedland in Northwestern Australia, where it will wait until early next week for the right combination of daylight and tide to make it possible for the ship to leave the port, thus marking the beginning of yet another journey in the hard-pressed dry bulk market.

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