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Arab Media: Attack on Iranian Tanker Indicates Failure of US Sanctions Policy

16 October 2019 - 19:48
The recent attack on an Iranian oil tanker in the Red Sea indicated that the US is disappointed at the efficiency of its maximum pressure and oil sanction policy against Tehran, a leading Arab news outlet said Wednesday.

NLMK USA 3Q Steel sales drop

15 October 2019 - 21:01
Steelmaker NLMK USA's sales volumes fell in the third quarter on lower pipe and galvanized shipments.

Metro Mining completes Definitive Feasibility Study for the Stage 2 expansion of the Bauxite Hills Mine

15 October 2019 - 17:28
Metro Mining has announced the completion of the Definitive Feasibility Study (DFS) for the Stage 2 expansion of the Bauxite Hills Mine. The press release says that the expansion will reduce unit operating costs and increase production capacity to 6M WMT per annum from 2021 onwards. The DFS also confirms reserves of 109.5Mt at Bauxite Hills and a mine life to 2037.

Pertamina to compete in Singapore bunkers market

11 October 2019 - 19:25
Indonesia's state-owned Pertamina intends to start supplying the Singapore and wider southeast Asia bunkers market.

Bushehr-Doha Shipping Link by Oct. 22

8 October 2019 - 19:15
A new cargo-passenger shipping link between Bushehr and Doha will be launched by the end of the Iranian month ending Oct. 22, following the completion of repairs at Doha passenger terminal and the finalization of issues related to allocation of subsidized fuel for the vessels in Iranian waters.

Indian Iron Ore Export Shipments to China Halve in Sep’19

3 October 2019 - 18:39
Indian iron ore export shipments in Sep’19 was recorded at 1.14 MnT, down 48% as against 2.20 MnT in Aug’19. On yearly basis, exports increased significantly compared to 0.12 MnT in Sep’18.

Iran, Italy discuss launching direct shipping route

1 October 2019 - 02:57
Iran and Italy are mulling over the possibilities of launching a direct shipping route between Chabahar port in southeastern Iran, and Venice in northern Italy, Press TV reported citing the Ports and Maritime Organization of Iran (PMO).

Exports from Chabahar Port up 100% in H1

1 October 2019 - 02:55
Exports of commodities from Iran’s southeastern port of Chabahar has risen 100 percent during the first half of the current Iranian calendar year (March 21-Septemeber 22) compared to the first half of the past year, according to the head of Ports and Maritime Department of Sistan-Baluchestan Province (where the port lies).

Domestic companies ink $1.2b port development deal

27 September 2019 - 01:42
Iran’s private sector has signed a 50-trillion-rial (nearly $1.2 billion) contract for developing Shahid Rajaie port in southern Iran, IRNA reported, quoting the head of Hormozgan Province Ports and Maritime Department as saying on Tuesday.

Vietnam : Formosa Ha Tinh Corp. Sharply Cuts HRC Offer for November Shipments

13 September 2019 - 14:38
Vietnam’s domestic steel producer - Formosa Ha Tinh has announced a steep cut of around USD 51/MT in its offers for Nov shipments.
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