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IRON ORE SHIPS
World's top miners BHP, Rio Tinto see India emerging as steel's next growth frontier beyond ChinaGlobal mining giants BHP and Rio Tinto are focusing on India for future steel demand. India's rapid urbanisation and infrastructure project...- Dry-Bulk shipping rates extend decline as capesize demand coolsThis decline is attributed to cooling demand in larger vessel segments, particularly Capesizes, despite a strong first half of the year. An...
- Charting the global economy: Jobs, inflation feed rate-hike betsStrong hiring across sectors and expanding manufacturing activity signal labor market strength, while upcoming US price data and ECB decisi...
- Wars in West Asia and Ukraine are turning shipping costs into steel sector’s biggest headacheIn the face of a daunting 28-30% increase in international freight costs, India's steel sector is at a crossroads. The unrest in West Asia ...
- Automakers' joy ride hits a big cost hurdleRising input costs and freight charges, driven by the West Asia crisis, are pressuring automakers to increase vehicle prices. This surge in...
- Global Markets | Australian shares fall for third day as banks weigh ahead of federal budgetAustralia's stock market saw a decline for the third consecutive day. Banks led the losses as investors anticipated a federal budget focuse...
- Dry-bulk shipping rates hit two-year high on capesize demandThis rise is attributed to increased demand for Capesize vessels, tightening ship supply, and disruptions in iron ore exports. The conflict...
- Global Markets | Australian stocks recover as banks, miners advance on improved risk sentimentAustralian shares rebounded strongly, driven by gains in banks and miners, as positive developments in U.S.-Iran relations boosted investor...
- Global Markets | Australian shares end largely unchanged as investors remain wary of Mideast risksAustralian shares saw a modest rise on Monday. Investors remained cautious, awaiting developments in the Middle East conflict. Hopes for a ...
- Global Markets | Australian shares edge higher on US-Iran talks resumptionAustralian shares edged higher as renewed U.S.-Iran peace talks offered optimism, though oil supply worries persisted due to the Strait of ...
- Iron ore cargoes diverted from mideast as conflict intensifiesThe market for higher-grade ore tightens. This instability exposes supply chain vulnerabilities. China faces pellet supply loss. Iron ore f...
- China's COSCO Shipping, Fortescue to build green fuel supply chainThe memorandum of understanding includes exploring construction and deployment of green ammonia-fuelled vessels owned either by COSCO or jo...
- Empty iron ore ships switch to coal to survive China’s slumpMiners and traders are slashing shipments of iron ore, the second-most widely traded seaborne commodity, and re-assigning their bulk carrie...
- CBI to investigate the 2009 sinking of MV Black RoseParadip Port Trust (PPT) Chairman, Rinkesh Roy, however dismissed the idea that handing over the case to the CBI, almost a decade after the...
- No proposal for revision of export policy on iron ore: GovernmentThere is no proposal before the government for revising export duty on iron ore -- a key ingredient for making steel, Parliament was inform...
- Tata Steel's Canadian JV acquires Howse iron ore depositHowse Minerals Ltd holds 51 per cent stake in the Howse deposit hand bought the remaining stake for 5 million Canadian Dollar, the firm sai...
- Vehicle tracking system must for ships carrying iron oreGoa Mines and Geology department has made the vehicle tracking system compulsory for all the ships carrying iron ore.
- JSPL likely to ship iron ore from El Mutun minesJindal Steel and Power Ltd (JSPL) could ship iron ore from El Mutun mines in Eastern Bolivia through the Paraguay river using the port faci...
- Duty holds up ore exports from east zoneIron ore exports from Paradip, Haldia and Vizag have come to a grinding halt from Thursday following the imposition of Rs 300-per-tonne exp...
- Indian steel, shipping get a Chinese shotChina’s increasing appetite for iron ore, fuelled by the ’08 Olympic Games, is helping Indian shipping and mining industries reap money.
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