Trading routes & shipping capacity opportunity for guinea/china exports


Source: Interactive Graphics

  • Development of West African iron ore projects with >300Mtpa of exports forecast within the next decade
  • New ship builds, leading to excess capacity, are maintaining downward pressure on freight rates
  • Potential new shipping route could increase frequency of ships and could reduce costs
  • Inter-regional trade is growing with 2012 seeing the first exports of bauxite from the Atlantic basin to China