Trafigura is planning to order six 206,000-dwt newcastlemax bulkers in China shortly after taking a controlling stake in new Brazilian “superport” Porto Sudeste from local iron ore producer MMX and on the back of a recently announced $2.2bn profit.
The major new Rio de Janeiro iron ore terminal has an export capacity of 50 million tonnes per annum. However, Trafigura has plans to ramp up this figure to 100 million tonnes in a logistics project intended to provide an export hub for Brazil’s so-called “Iron Quadrangle” — the focal point of iron ore mining in the country.
The
