Freight news

UK ferrous scrap dock prices down £10 on higher container freight costs
Apr 30, 2012 - 15:23 GMT
Prices at UK docks for intermerchant ferrous scrap fell on Friday April 27 as increased freight costs to India weighed on domestic prices at the docks in Liverpool, merchants told Metal Bulletin on Monday April 30.
Port of Antwerp total Q1 freight down 2.2% on poor steel demand
Apr 26, 2012 - 15:51 GMT
The Port of Antwerp in Belgium handled 46.3 million tonnes of freight in the first quarter of 2012, down by 2.2% compared with the same period last year, according to a statement on Thursday April 26.

ICAP Global Shipping Markets Report 10 May 2012 00:00
ICAP Global Shipping Markets Report 9 May 2012 00:00
ICAP Global Shipping Markets Report 8 May 2012 00:00
ICAP Global Shipping Markets Report 4 May 2012 00:00
ICAP Global Shipping Markets Report 3 May 2012 00:00

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Freight & Logistics news

May 21, 2012 12:45 MSC raises June container rate for Europe-to-Asia cargoes
May 16, 2012 17:40 Maersk looking to increase container rates throughout the year
May 11, 2012 13:27 HOTLINE: No leeway for nickel ore traders on eve of Indonesian ban
May 10, 2012 12:35 New South African anthracite miner to ship in December to 'big name' Brazilian
May 8, 2012 09:20 Inmet announces plan for $6bn Cobre Panama project
May 8, 2012 04:00 SPOTLIGHT: Goldman Sachs, JP Morgan must sell warehouses by 2020
May 7, 2012 13:39 Port Hedland iron ore shipments to China recover in April
May 3, 2012 17:36 Gerdau to become iron ore seller with 80% lift in capacity
May 3, 2012 17:05 Gerdau mulling 70m tpy port in Brazil in iron ore expansion plan
Apr 30, 2012 17:56 Vale reviewing $5.9bn investment on Argentina concerns
Apr 30, 2012 15:23 UK ferrous scrap dock prices down £10 on higher container freight costs
Apr 27, 2012 14:25 Globaltrans agrees to buy Metalloinvest’s transport unit for $540m
Apr 26, 2012 15:51 Port of Antwerp total Q1 freight down 2.2% on poor steel demand
Apr 26, 2012 02:00 HOTLINE: Every asteroid has a platinum lining
Apr 20, 2012 23:05 US House subcommittees eye port funding, river shipping
Apr 20, 2012 13:14 Sundance gets approval for Congo iron ore project
Apr 20, 2012 10:01 Brazilian miner moves ahead with Piauí iron ore project
Apr 20, 2012 01:00 SPOTLIGHT: CoAL seeks $540m to fund growth
Apr 19, 2012 13:35 BIR protests Italian scrap decree as exporters halt trade outside EU
Apr 19, 2012 11:43 FMG reports fewer Q1 iron ore shipments, citing bad weather

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Daily Metal Bulletin Ferrous scrap Index HMS 1&2 (80:20 mix) $ per tonne cfr Turkey	432.58
Metal Bulletin Ferrous Scrap Index shredded $ per tonne cfr India	476.28
Metal Bulletin Ferrous Scrap Index HMS 1&2 (80:20 mix) $ per tonne fob Rotterdam	410.21

Comment & analysis

LORD COPPER: Warehouse wars are back - and so is the waste

So, the warehouse wars would appear to have broken out again, with a vengeance.
MAN OF STEEL: Letters of credit - the perils and the rising costs

Practically all export trade is paid through documentary credits. When entering into such business, traders have a format for calculating all aspects of the transaction, including the financial and logistical costs, marine insurance, and covering themselves for risks, both political and economic
COMMENT: After three years, it's back to the Chinese for Oakajee

Almost exactly three years since Murchison Metals beat off Chinese competition for the right to develop the Oakajee port project, the Australian miner has found itself having to knock on Chinese doors for funding

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Poll of the week

To what extent has the handling of the MF Global bankruptcy, UBS’ rogue trading scandal and now JP Morgan’s harpooning of the London Whale damaged your confidence in the City as a global financial hub?

Not at all – these events could have happened anywhere
Slightly – large losses and the slow recovery of client cash suggest the regulatory framework could be stronger
Moderately – These events show global banks are using London to take risks they couldn’t take anywhere else
Drastically – I’ll be in Singapore by the end of the week