(c) REUTERS/Rebekah Kebede
A ship is loaded with iron ore at the port in Geraldton, Western Australia December 3, 2012.
A new deepwater port on Australia’s Indian Ocean Coast was supposed to be the showpiece of the country’s decade-long mining boom and open up a huge new iron ore belt to export to Asian markets. But twice in the past 15 years, plans for the port on a scrubby stretch of land 400 km (250 miles) north of Perth have collapsed, most recently last month due to spiralling costs and falling iron ore prices.
The move will keep a new chunk of iron ore from the Mid West region of Western Australia off world markets and further cement the stranglehold of Rio Tinto and BHP Billiton, the world’s No.2 and No.3 producers, who dominate the iron-rich Pilbara region further north.
(c) Reuters
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 110,460 members that receive our newsletter.
Have a news tip? Let us know.
by John Konrad (gCaptain) As a US Merchant Marine captain, Merchant Marine veteran advocate, and the husband of a decorated Merchant Marine war veteran, I find myself deeply moved by...
by Ayodeji Olukoju (University of Lagos) Three-quarters of the world is covered by water and up to 90% of world trade is seaborne. Seaports and shipping are critical to the...
(NASA)–In 2021, NASA’s fleet of Earth-observing satellites, as well as the instruments and astronauts on the International Space Station, captured some compelling moments on our planet. From record-breaking heatwaves to pandemic-related events, the images in this list showcase some of the beautiful and complex events that occurred on our planet in...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 110,460 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
