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FreightWaves Staff Friday, March 29, 2019

EXCLUSIVE: Cyclone Veronica clobbers Port Walcott – months of disruption

A major iron ore export port with 185 million tons iron ore capacity on Australia’s north west coast has been absolutely clobbered by the recent category four Cyclone Veronica, FreightWaves can exclusively reveal. Port Walcott’s operational ability is down by nearly 90 percent. Rio Tinto has declared force majeure to its customers. Major miner, Rio Tinto, which operates the port, is mostly staying silent. Dry bulk freight rates are likely to be hit, dry bulk sources say.

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FreightWaves Staff Thursday, September 21, 2017

Connecting Asia along the New Silk Road

The Belt-And-Road Initiative is proving to be an ambitious plan. But there is no stopping the Chinese government as it has secured a joint venture deal with Hong Kong-based rail company MTR. The deal will result in connecting major cities in Asia within the area defined by the initiative.

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