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Australia’s spot as China’s top source for iron ore under threat as new mega ports open door for Brazil and Africa

Summary:
[unable to retrieve full-text content]Australia’s share of China’s iron ore imports may be at risk following the opening of four new ports that can operate berths for extra-large ships, opening up new possibilities for greater imports from Brazil and Africa.Very large ore carriers (VLOC) are bigger than many skyscrapers and can carry more than twice the cargo of normal iron ore transport ships, up to 400,000 tonnes, meaning they reduce transport costs and delivery time.This will increase competition for Australian mines, which have…

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[unable to retrieve full-text content]
Australia’s share of China’s iron ore imports may be at risk following the opening of four new ports that can operate berths for extra-large ships, opening up new possibilities for greater imports from Brazil and Africa.Very large ore carriers (VLOC) are bigger than many skyscrapers and can carry more than twice the cargo of normal iron ore transport ships, up to 400,000 tonnes, meaning they reduce transport costs and delivery time.This will increase competition for Australian mines, which have…

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