Increasing demand for the carriage of dry bulk overtakes shipping supply in dry markets causing, as any armchair economist could predict, rising freight rates. But it's not a super-surge by any means... Only a few brave souls would have predicted … [Read more...]
Near term outlook for Australian iron ore exports improves
Mineral markets have tightened over the last few months and the outlook for Australian iron ore exports has improved, reports the Office of the Chief Economist in the December edition of the "Resources and Energy Quarterly". A key indicator: … [Read more...]
Coal outlook uncertain; seaborne trade patterns are changing
Thermal coal exports are under pressure, both from COVID and also from overseas governments looking to cleaner energy sources. Metallurgical coal is bucking the trend, according to the latest edition of the Resources and Energy Quarterly (published … [Read more...]
Commitment to negotiate on Port of Newcastle long term deed, and delay to 33 per cent fee increase for ship owners and agents
On 16 December Port of Newcastle stunned Shipping Australia's members with an announcement of 33 per cent increase in coal ship navigation service charges from 01 January 2020. This new fee would apply unless the port user signed a 10 year deed … [Read more...]
SAL Spring/Summer magazine is now available!
Read it now at: www.shippingaustralia.com.au/magazines Highlights in this edition include: Our features looks at The Future of Power, is this the Beginning of the end for coal... and gas? You might be surprised about some of … [Read more...]