Iron ore prices have suffered their worst week for nearly 18 months amid signs that the two factors needed for a sustained correction may be coming into play - Chinese steel producer discipline and a recovery in supply of ore.The main Chinese domestic iron ore benchmark, the Dalian Commodity Exchange contract, dropped around 10% in the week to July 23
Finnish shipbuilder Helsinki Shipyard said it has secured an order to build a third luxury expedition cruise vessel for British operator Swan Hellenic.The new vessel is scheduled to be delivered at the end of 2022, and like the two ships already on order, it is designed for the global cruise market, with an emphasis on high-latitude cruises, the shipbuilder said.
The keel laying ceremony for the first of Swan Hellenic’s two new ice-class expedition cruise ships took place in Helsinki today. This saw the first 347-ton block of the ship – newly arrived from Klaipeda, where it had been outfitted and painted – being set on the keel over coins to bring good luck in accordance with ancient maritime custom.
China is paying a high price for its unofficial ban on coal imports from Australia, with the cost of domestic and alternative foreign supplies rising for both thermal and coking grades of the fuel.China, the world’s biggest importer, producer and consumer of coal, has effectively ended imports from Australia