Welcome to MarineNet!

dbg

日本海事新聞ニュース Japan Maritime Daily Jul 04, 2024 (Thu)

Simandou operations set to ignite Capesize market boom from 2025

Image of Morebaya Port (from Winning’s website)

　The start of operations at “Simandou”, a large iron ore mine in Guinea, West Africa, next year is e ・・・続きはログインして下さいnext %E3%80%80The+start+of+operations+at+%E2%80%9CSimandou%E2%80%9D%2C+a+large+iron+ore+mine+in+Guinea%2C+West+Africa%2C+next+year+is+expected+to+have+a+positive+effect+on+the+Capesize+bulker+market.+The+plan+is+to+ship+120+million+tons+of+high-grade+iron+ore+per+year%2C+which%2C+by+simple+calculation%2C+is+expected+to+increase+demand+by+the+equivalent+of+120+Capesize+ships.+A+Japanese+carrier+official+pointed+out+that+the+market+is+on+track+for+higher+prices%2C+saying%2C+%E2%80%9CIn+addition+to+the+limited+supply+of+newly+built+Capesize+vessels%2C+the+increase+in+cargo+movements+between+West+Africa+and+China+due+to+the+operation+of+%3Cb%3ESimandou+%3C%2Fb%3Ewill+push+up+market+conditions+from+2025+onwards.%E2%80%9C+%3Cbr%3E%E3%80%80%3Cb%3ESimandou+%3C%2Fb%3Eis+funded+by+British-Australian+mining+giant+Rio+Tinto%2C+China%E2%80%99s+largest+steelmaker+Baosteel%2C+Aluminum+Corporation+of+China%2C+Sino-Singaporean+conglomerate+Winning+International+Group%2C+and+the+government+of+Guinea.+%3Cbr%3E%E3%80%80Rio+Tinto+began+development+in+1997%2C+but+delays+arose+due+to+issues+such+as+huge+infrastructure+costs%2C+corruption+issues%2C+and+a+coup+d%E2%80%99%C3%A9tat.+However%2C+with+the+continued+participation+of+Chinese+capital+since+2019%2C+the+pace+of+development+has+accelerated%2C+and+shipments+are+scheduled+to+begin+next+year.+%3Cbr%3E%E3%80%80%3Cb%3ESimandou+%3C%2Fb%3Eis+located+inland+in+southeastern+Guinea%2C+and+a+railway+line+approximately+600+kilometers+long+will+be+built+to+the+coast%2C+exporting+iron+ore+from+the+port+of+Morebaya%2C+which+faces+the+mouth+of+the+Morebaya+River+in+the+country%E2%80%99s+west.+%3Cbr%3E%E3%80%80The+port%E2%80%99s+first+phase+will+see+iron+ore+shipped+by+barge+and+then+transferred+to+larger+ships+at+an+offshore+terminal.+The+second+phase+is+planned+to+include+the+construction+of+a+deep-water+port.+%3Cbr%3E%E3%80%80Alexis+Ellender%2C+lead+analyst+at+European+data+analytics+firm+Kpler%2C+points+out+that+%E2%80%9Clarge+shipments+of+high-grade+iron+ore+from+%3Cb%3ESimandou+%3C%2Fb%3Ewill+begin+in+2026.%E2%80%9C+%3Cbr%3E%E3%80%80West+Africa%2C+where+Guinea+is+located%2C+was+connected+to+the+east+coast+of+South+America+until+200+million+years+ago%2C+forming+the+supercontinent+Pangaea%2C+so+%3Cb%3ESimandou+%3C%2Fb%3Eiron+ore+has+high-quality+properties+similar+to+those+of+Brazilian+ore.+%3Cbr%3E%E3%80%80The+steel+industry%E2%80%99s+biggest+challenge+is+reducing+and+decarbonizing+the+steelmaking+process%2C+and+securing+high-quality+iron+ore+is+key+to+this%2C+so+Simandou%E2%80%99s+presence+is+likely+to+increase.+%3Cbr%3E%E3%80%80In+recent+years%2C+the+movement+of+bauxite+dry+cargo+bound+for+China+from+West+Africa+has+been+growing.+The+start+of+operations+at+%3Cb%3ESimandou+%3C%2Fb%3Ewill+further+expand+trade+between+West+Africa+and+the+Far+East.+%3Cbr%3E%E3%80%80There+are+few+new+Capesize+ships+on+order+worldwide%2C+and+tight+supply+and+demand+for+space+is+expected+in+the+medium+to+long+term.+%3Cbr%3E%E3%80%80According+to+statistics+from+Clarksons+in+the+UK%2C+the+ratio+of+new+Capesize+ships+to+the+existing+tonnage+on+order+is+only+6%25%2C+indicating+a+healthy+supply+and+demand+compared+to+13%25+for+Panamax%2C+11%25+for+Handymax%2C+and+22%25+for+mega+container+ships.+%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%81%AF%E3%80%81%E5%BD%93%E8%A9%B2%E8%8B%B1%E8%A8%B3%E3%81%AB%E9%96%A2%E3%81%97%E3%81%A6%E3%80%81%E3%81%9D%E3%81%AE%E6%AD%A3%E7%A2%BA%E6%80%A7%E3%80%81%E4%BF%A1%E9%A0%BC%E6%80%A7%E3%80%81%E5%A6%A5%E5%BD%93%E6%80%A7%E5%8F%8A%E3%81%B3%E7%89%B9%E5%AE%9A%E7%9B%AE%E7%9A%84%E3%81%B8%E3%81%AE%E9%81%A9%E5%90%88%E6%80%A7%E3%82%92%E5%90%AB%E3%82%81%E3%80%81%E6%98%8E%E7%A4%BA%E5%8F%88%E3%81%AF%E9%BB%99%E7%A4%BA%E3%81%AB%E3%82%82%E3%80%81%E3%81%84%E3%81%8B%E3%81%AA%E3%82%8B%E4%BF%9D%E8%A8%BC%E3%82%82%E3%81%97%E3%81%BE%E3%81%9B%E3%82%93%E3%80%82%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%83%A6%E3%83%BC%E3%82%B6%E3%83%BC%E3%81%AF%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%8C%E3%80%81%E8%87%AA%E5%8B%95%E7%9A%84%E3%81%8B%E3%81%A4%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E6%83%85%E5%A0%B1%E3%82%92%E8%AA%8D%E8%AD%98%E3%83%BB%E5%88%86%E6%9E%90%E3%81%97%E3%81%A6%E7%B5%90%E6%9E%9C%E3%82%92%E5%87%BA%E5%8A%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E4%BD%BF%E7%94%A8%E3%81%97%E3%81%9F%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%A7%E3%81%82%E3%82%8B%E3%81%93%E3%81%A8%E3%82%92%E5%8D%81%E5%88%86%E3%81%AB%E7%90%86%E8%A7%A3%E3%81%97%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E5%88%A9%E7%94%A8%E3%81%99%E3%82%8B%E3%82%82%E3%81%AE%E3%81%A8%E3%81%97%E3%81%BE%E3%81%99%E3%80%82%3Cbr%3E