The massive Simandou iron ore mine could end Australia's golden age of iron ore, or it can start a new one. Russell
It is overused to the point of being meaningless. But the Simandou mine, located in Guinea, West Africa is a game changer. It is expected that the full 120 million tons of cargo per year capacity will be reached fairly quickly. The four Simandou blocks are impressive for their size and infrastructure challenges. They boast a 620-kilometre rail line (384-mile) as well as a new port that has dedicated vessels to transship bulk carriers offshore. Simandou, however, is not just a technical marvel. It will also meet about 10% of China's annual seaborne imports, which are the largest in the world. China takes around 75% of all seaborne iron ore.
The massive Simandou iron ore mine could end Australia's golden age of iron ore, or it can start a new one. Russell
It is overused to the point of being meaningless. But the Simandou mine, located in Guinea, West Africa is going to change the iron ore seaborne market. It is expected that the full 120 million tons of cargo per year capacity will be reached fairly quickly. The four Simandou blocks are impressive for their size and infrastructure challenges. They boast a 620-kilometre rail line (384-mile) as well as a new port that has dedicated vessels to transship bulk carriers offshore. Simandou, however, is not just a technical marvel. It will also meet about 10% of China's annual seaborne imports, which are the largest in the world. China takes around 75% of all seaborne iron ore.
AET Grows in Brazil
With the ongoing development of deepwater pre-salt plays and a decreased demand on local content in tankers and other vessels, Brazilian national operator Petrobras and other super-majors have been looking abroad for better rates and reliable operators of shuttle tankers. Claudio Paschoa, Maritime Reporter’s correspondent in Brazil spoke to Peter Liew, Global Director – Mid Size Tankers, Crude Shipping, about AET Tankers’ history and its operations in Brazil.AET (formerly American Eagle Tankers) was founded in Houston in 1994 primarily to conduct lightering operations in the Gulf of Mexico.
Buckeye to Acquire 50% of VTTI Marine Terminal
Buckeye Partners LP, which operates pipelines and other transportation and storage assets for liquid petroleum products, said it bought a 50 percent stake in the marine terminal company VTTI BV for $1.15 billion. VTTI is a unit of Vitol Group. The deal is expected to close in early January 2017. VTTI will be 50% indirectly owned by Buckeye and 50% indirectly owned by Vitol. It is intended that the joint shareholding of Buckeye and Vitol will add greater strategic value to VTTI and will further strengthen VTTI's position as a leading independent provider of energy storage solutions.
Industry Award for Express Global Logistics
Express Global Logistics Pvt. Ltd.,(EXG), formerly known as Express Transport Private Limited has been bestowed the ‘ Freight Forwarder of the Year – Project Cargo’ at the Gujarat Junction Award 2015. This Gujarat Junction Award function was held recently in Kandla, India. The Award has been given to the Express Group for having created a value driven portfolio of multifarious businesses. It includes multi-surface project handling, project transportation, project management, site handling to heavy equipment rentals, engineering solutions, route surveys, customs clearance, warehousing and procuring competitive and customized logistic solutions to many of its customers.
