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You are here: Home → Archive → 2009 → July → Weekly Edition 16th of July 2009 → Caution on rates despite iron ore trade imbalance

Caution on rates despite iron ore trade imbalance

by Jim Wilson — last modified Jul 16, 2009 05:47 PM

COAL and iron ore seaborne trade hit 460m tonnes in the second quarter of 2009, the fifth highest volume recorded since 2004 and up from 419m tonnes the previous quarter.

Simpson, Spence & Young partly attributed the rise to booming Chinese demand and port congestion.
Tonne kilometres also accelerated as rising commodities volumes from Brazil saw more capesize vessels ballast from China to reload iron ore from South America...

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