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Driven by continued growth in minor ore demand in China, global seaborne minor ore exports rose 7% y/y in the first seven months of 2023, vastly outpacing the 2% y/y growth in overall dry bulk exports.
Loading of nickel ore from Philippines still poses a huge problem.
Nickel ore shipment from the Philippines not only suffers from risk of liquefaction but might be illegal too.
Iron ore fines, if not carried safely under the requirements of the International Maritime Solid Bulk Cargoes ( IMSBC) Code, can be extremely problematic due to its liquefaction tendencies and can risk stability to ship and safety of crew.
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