IRON ore shipping to world markets from the Canadian Arctic has recently spiked, responding to demands from steel producers, reports the American Journal of Transportation
IRON ore shipping to world markets from the Canadian Arctic has recently spiked, responding to demands from steel producers, reports the American Journal of Transportation. Noteworthy, too, has been the recent voyages by bulk carriers taking a shortcut via the Northern Sea Route to the Russian Far East from one of the world's most northerly mines.
Located on Baffin Island, the fifth largest island in the world with an area of some 200,000 square miles, Baffinland Iron Mines Corporation announced a record 2018 shipping programme.
From July 24 to October 17, Baffinland shipped 5.1 million tonnes of iron ore from its Milne Inlet port to markets in Europe, the United Kingdom, Taiwan, and Japan.
WORLD SHIPPING
