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Category: Guinea

  • Winning doubles down on large bauxite carriers with six more newbuilds

    Winning doubles down on large bauxite carriers with six more newbuilds Large bulkers specialist Winning International Group has expanded its push into the very large ore carrier segment, ordering another six 325,000 dwt VLOCs from CSSC Beihai Shipbuilding to support its growing West Africa–China bauxite trade. The Singapore-based owner — which runs a fleet of…

  • Is the dry bulk market overestimating Simandou’s impact?

    Is the dry bulk market overestimating Simandou’s impact? The extra volumes will result in a significant disruption in the matrix of global iron ore supply, writes Will Fray, director, Maritime Strategies International, but there remain reasons to be cautious. The numbers around the Simandou iron ore project in Guinea approach the hyperbolic. Rio Tinto, as…

  • Simandou opens, reshaping the capesize trades

    Simandou opens, reshaping the capesize trades The long-awaited Simandou iron ore project has finally roared to life — a $20bn gamechanger set to shake up global dry bulk flows, stretch tonne-miles, and tilt the balance of the iron ore market away from Australia and Brazil. On Tuesday, Guinea officially launched the vast Simandou project —…

  • West Africa now drives one in seven cape cargoes

    West Africa now drives one in seven cape cargoes West Africa now represents 14% of capesize liftings as compared to 6% three years ago, according to new data from Jefferies, an investment bank. The redrawing of the global cape trading map has been driven by strong bauxite export growth, mainly out of Guinea. Cape volumes…

  • Guinea forms its own shipping line to move booming bauxite exports

    Guinea forms its own shipping line to move booming bauxite exports Bauxite shipping out of West Africa, a fast-growing source of extra tonne-miles for the cape trades, faces headwinds with news from Guinea where the government is vowing to take greater control of the maritime supply chain. Guinea has been the dominant source of bauxite…

  • Capesize tonne-mile uptick seen as Africa outmuscles Australia for iron ore

    Capesize tonne-mile uptick seen as Africa outmuscles Australia for iron ore 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…

  • Capes carrying more bauxite than coal for the first time

    Capes carrying more bauxite than coal for the first time 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 is carrying more bauxite than coal, according to broker Arrow.  “Volumes from Guinea have surged at the start of…