In the news

World steel production update The latest figures from the World Steel Association for January 2019 show that global steel production has grown by 1% year on year. Unsurprisingly, much of this growth can be attributed to Chinese steel production that has lead the way once again with a increase of … [Read more...] about In the news

What next for iron ore?

The news has sparked supply concerns as closures are expected to hit production by 9% with an estimated 70m tonnes being affected. Iron ore prices have surged to record highs amid supply restrictions and it is not yet clear how long it will take for Vale to be able to return to previous output … [Read more...] about What next for iron ore?

Fall in the BDI- is this more than a seasonal lull? Should we fear for a bad year?

Whilst this time of year is traditionally slow for dry bulk markets as the far east prepares for Chinese New Year, in the short term the sentiment has been further amplified by news of the tragic dam break at Vale’s Corrego do Feijao iron ore mine in south eastern Brazil which has sparked concerns … [Read more...] about Fall in the BDI- is this more than a seasonal lull? Should we fear for a bad year?

In the news

Mexico welcomes new president December 1 marked the inauguration of Mexican president Andrés Manuel López Obrador. Of the many projects that he has promised, a refinery in his home state of Tabasco has already been approved along with a pledged to rehabilitate Mexico’s six refineries within three … [Read more...] about In the news