vry good points, seem to remember they hit 0.31c back in end october.
anyhow, chinese iron ore import in dec was 62mt I think all time record. This year will see alot of new capesize ships being delivered into the shipping market.
Port Hedland iron ore export expected to 3x within next 3 years from 145mt or so last year. Sure will also see some developement in new port okinshawhi or what they will call it, north of Geraldton.
Iron ore price nego hot topic again, spot prices now (today) almost double last years annual contract prices.
Long way to the top of the mountain, oscar - but it will take time to develope. But I bet they will ship iron ore long before Sundance in Cameroon.
FXR Price at posting:
21.8¢ Sentiment: None Disclosure: Held