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Dry Bulk Political Risk and Trade Shipbuilding

China tightens grip on iron ore shipping as Simandou fleet takes shape

  • Nearly all Guinea’s Simandou iron ore has gone to China this year
  • China is set to own more than half of the newly built VLOCs primed to ship iron ore from Guinea to China
  • While longer ore voyages from Guinea will boost vessel demand, weak steel output could limit growth

  • Analysis

As the world’s largest iron ore importer, China is priming itself to capture a growing share of the long-haul shipping demand in both tonnage and volumes as Simandou route emerges

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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