Costs to haul iron ore on Capesize ships, the largest carriers of the commodity, reached the highest in 10 weeks on speculation demand to ship the mineral to China increased.
Tianjin Port has started to station buoys along its newly completed
multi-lane navigation channel - the world's first - in preparation for
sea trials in June
Tianjin has set a port throughput target of 13 million TEU and 500 million tonnes in overall cargo this year, said Tianjin Port Group spokesman Zhang Liyi.