NOTE: No news updates over January 24-30 due to the Chinese New Year holiday. Happy CNY!

How was seaborne IO moved in the first 9 months of 2019?

World’s largest iron ore exporter - Australia observed a fall 1% Y-o-Y from 631 MnT in 9M CY’18 to 623 MnTin 9M CY’19 (figures are rounded off).
In Mar’19, Australian Pilbara region was hit by cyclone resulting in suspension of Port Hedland, Dampier and Cape Lambert affecting the normal operations at the port. As a result, the exports by the major miners, BHP, FMG and Rio Tinto were hampered. Brazil exports fell by 11% Y-o-Y from 261 MnT in


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