By Phoebe Sedgman (Bloomberg) -- Two ports in Western Australia closed as a strengthening tropical cyclone approached the coast. The system isn’t affecting Port Hedland, the biggest-bulk export terminal that handles iron ore from the world’s top exporter. The port of Dampier, used by Rio Tinto Group, closed at 10 a.m. local time on Thursday, the Pilbara Ports Authority … [Read more...]
Cyclone Stops Australia’s Iron Ore Exports as Rigs Shutdown
Dec. 30 (Bloomberg) -- Iron ore shipments from northern Australia, the world’s biggest exporter, and some offshore oil drilling were halted as a cyclone forecast to bring gusts topping 200 kilometers (124 miles) an hour nears the coast. Tropical Cyclone Christine, which intensified to a category 3 storm overnight, is expected to make landfall at around midnight local … [Read more...]
India’s East Coast Braces for Cyclone Phailin
By Sruthi Gottipati and Jatindra Dash KALINGAPATNAM/BHUBANESWAR, India, Oct 11 (Reuters) - Tens of thousands fled their homes in coastal areas of eastern India and moved to shelters on Friday, bracing for the fiercest cyclone to threaten the country since a devastating storm killed 10,000 people 14 years ago. Large waves were already pounding beaches in the state of … [Read more...]
Australian Storm Seen Delaying 43% of Global Iron-Ore Exports
(Bloomberg) -- A storm that closed Australian ports handling 43 percent of world iron-exports delayed as many as 74 vessels amid rain that might interrupt mining, Alphabulk said. The backlog at Port Hedland and other ports nearby will curb Australia-bound charters of Capesize vessels over the next month, the Paris-based maritime consultancy said by e-mail today. Port Hedland … [Read more...]
Australia’s Top Iron Ore Port Braces For Direct Cyclone Hit
Update: Tuesday updates show Rusty not deepening as fast as earlier forecasts, now expected to have max winds of 80 knots as it makes landfall just ENE of Port Hedland later today. -Fred Pickhardt By James Regan SYDNEY (Reuters) - A powerful tropical cyclone is on course for a "direct hit" on Australia's Port Hedland, which handles a fifth of the world's … [Read more...]
Cyclone ‘Rusty’ Expected to Cause Major Disruptions at Australian Iron Ore Ports
By James Regan SYDNEY, Feb 25 (Reuters) - World trade in iron ore faces major disruptions as a cyclone bears down on Western Australia, shutting port terminals used by Rio Tinto and BHP Billiton and handling nearly half the global supply of the steel-making raw material. The ports in Australia's Pilbara iron belt, responsible for shipping around 500 million tonnes of ore … [Read more...]