by Chris Becker
Ebullient news today from the Port Hedland Port Authority with a new record-breaking 36 million tonnes of iron ore shipped during May!
Huzzah! Pump that iron ore! Volumes to the moon!
A great majority went to China (30 million tonnes), then Korea, Japan and Taiwan. Great risk management there of course…
This follows a tidal record on the weekend when nearly 1.3 million tonnes (that’s a lot of imported plasma screens) was shipped by 7 bulk carriers.
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Almost brings a tear to your eye…