Record Iron Ore Cargoes Forecast From Mammoth Australia Port
- Pilbara Ports CEO Johnston sees Hedland shipments picking up
- Global volumes are recovering after disruptions in first half
This article is for subscribers only.
Iron ore exports from Australia’s Port Hedland, the largest bulk-export terminal, are expected to hit a record as producers in the nation’s mining heartland raise output, according to the Pilbara Ports Authority.
Cargoes of the steelmaking material shipped via Hedland may swell to a new high in the fiscal year to June 2020, and over this calendar year may beat 2018’s total, Chief Executive Officer Roger Johnston said in an interview. Last year, iron ore volumes were 508.5 million tons, with most going to China.