04
Nov
13:19
MANGANESE: Element 25 cuts shipping costs with vessel switch
Australia’s Element 25 announced Thursday a 45% reduction in the cost of shipping of its third manganese concentrate cargo, thanks to a revised shipping strategy, Kallanish learns.
Global shipping costs have been spiking recently on the back of Covid-related shipping congestion, which significantly impacted Element 25’s gross margins for its first two shipments. To avoid the especially high Handymax size vessels, the company decided in September it wo…
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Anonymous
Very good overview of the weekly steel market.
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