Wednesday, April 9, 2025
Monaco reaffirms commitment to anti-money laundering strategy amid ongoing FATF scrutiny Monaco has taken a decisive step forward in its fight against financial crime as the Coordination and Monitoring Committee overseeing the national anti-money laundering strategy convened its first official session on Monday, April 7…
Prince Albert II urges unity and youth diplomacy at MEDMUN in Monaco His...
Las exportaciones de mineral de hierro fuera de África serán uno de los grandes impulsores de crecimiento de los comercios marítimos globales para el resto de la década de 2020, la nueva investigación del corredor SYS muestra. La mina Simandou de Guinea solo entrega 60 millones de toneladas de...
Iron ore exports out of Africa are set to be one of the great growth drivers of global seaborne trades for the rest of the 2020s, new research from broker SSY shows. Guinea’s Simandou mine alone is set to deliver 60m tonnes of iron ore in its first full year, with production, due to start …
https://splash247.com/capesize-tonne-mile-uptick-seen-as-africa-outmuscles-australia-for-iron-ore/
China’s remarkable thirst for bauxite to manufacture aluminium has helped prop up cape rates considerably in recent years. Now for the first time, the capesize fleet in carrying more bauxite than coal, according to broker Arrow. “Volumes from Guinea have surged at the start of the year, whilst...
https://splash247.com/capes-carrying-more-bauxite-than-coal-for-the-first-time/
Guinea’s emergence as a source of great cargoes for the cape trades and China’s booming electric vehicle manufacturers is increasingly being joined by other West African nations. Led by Guinean stems, capesize and above parcels ex-West Africa have increased by a per annum growth rate of 19.6%...
Guinea’s exports of bauxite, the only minor ore transported by capesize bulkers and an essential mineral for aluminium, have continued their winning streak landing at about 26% shy of last year’s total. Bulk bauxite exports from Guinea most of which head to China from the ports of Kamsar, Boffa,...
Mining giant Rio Tinto revealed today all conditions have now been met for the development of the world’s largest new iron ore mine, a development that promises to alter the global dry bulk trading map. Rio Tinto will now proceed with developing rail and port infrastructure for the Simandou mine...
https://splash247.com/rio-tinto-forges-ahead-with-giant-guinean-iron-ore-mine-project/
Singapore-based Chinese capesize specialist Winning International Group has moved to further bolster its West Africa to China seaborne trade with an order for six very large ore carriers (VLOCs) worth nearly $700m. Following the order for two VLOCs at CSSC yard Qingdao Beihai Shipbuilding last...
https://splash247.com/winning-bulks-up-with-six-vloc-newbuilds-at-hengli-heavy/
Capesize rates cracking past the $30,000 a day mark in recent days is in no small part down to the record amounts of bauxite heading from West Africa to China. Bauxite is primarily used as the main source of aluminium. It is the only minor bulk that tends to be shipped on capsizes. The US …
https://splash247.com/guinea-bauxite-exports-to-china-smash-records-helping-fuel-hot-cape-market/
Singapore-based Chinese capesize specialist Winning International Group has placed an order at CSSC yard Qingdao Beihai Shipbuilding for the construction of two very large ore carriers to facilitate the company’s West Africa to China seaborne trade. The so-called WinningMax 325,000 dwt newbuilds,...
https://splash247.com/winning-orders-first-vlocs-as-guinea-bauxite-trades-leap/