Global iron ore and coal trade is expected to leapfrog over the next five years

Norway's largest investment bank, DnBNorMarkets, recently released a latest market report titled “The Dry Bulk Outlook: Iron Ore and Coal,” which states that global iron ore and coal trade are expected to leapfrog over the next five years. Among them, the seven ports in India, including Baradib, New Mangalore, Chennai, Ennol, and Haldia, are all within the scope of the survey.

The report predicts that in 2009-15, the global iron ore port capacity will increase by 86.3%, with an average annual growth rate of 10.9%; iron ore exports will grow by 81.1%, and the average annual growth rate will reach 10.4%. The report predicts that in 2009-15, the global iron ore port capacity will increase by 86.3%, with an average annual growth rate of 10.9%; iron ore exports will grow by 81.1%, and the average annual growth rate will reach 10.4%. Among them, Australia will maintain its position as the largest exporter of iron ore, and Brazil will be ranked second. The report shows that India imports 90 million tons of coal (including thermal coal and coking coal) each year and exports 120 million tons of iron ore. Among these, due to the large number of power projects and the demand for new steel projects, coal trading is expected to grow exponentially in the future. In the same period, the capacity of coal terminals will be expected to increase by 35.5%, with an average annual growth rate of 5.2%; actual export of coal will increase by 59.5%, with an average annual growth rate of 8.1%. In the same period, the capacity of coal terminals will be expected to increase by 35.5%, with an average annual growth rate of 5.2%; actual export of coal will increase by 59.5%, with an average annual growth rate of 8.1%. Australia and Indonesia will continue to be major coal exporters. The report predicts that in 2009-15, the global iron ore port capacity will increase by 86.3%, with an average annual growth rate of 10.9%; iron ore exports will grow by 81.1%, and the average annual growth rate will reach 10.4%.

The ports surveyed in the report accounted for 94.8% of the seaborne iron ore trading ports and 93.2% of the coal trading ports. The report shows that India imports 90 million tons of coal (including thermal coal and coking coal) each year and exports 120 million tons of iron ore. Among these, due to the large number of power projects and the demand for new steel projects, coal trading is expected to grow exponentially in the future. Among them, the seven ports in India, including Baradib, New Mangalore, Chennai, Ennol, and Haldia, are all within the scope of the report. In the same period, the capacity of coal terminals will be expected to increase by 35.5%, with an average annual growth rate of 5.2%; actual export of coal will increase by 59.5%, with an average annual growth rate of 8.1%.

The report shows that India imports 90 million tons of coal (including thermal coal and coking coal) each year and exports 120 million tons of iron ore. Among these, due to the large number of power projects and the demand for new steel projects, coal trading is expected to grow exponentially in the future. Norway's largest investment bank, DnBNorMarkets, recently released a latest market report titled “The Dry Bulk Outlook: Iron Ore and Coal,” which states that global iron ore and coal trade are expected to leapfrog over the next five years.