695 - 5/2010 - Iron Ore Fines Update - India

The trade in iron ore fines from India is continuing to increase and the demand from China is likely to persist for at least the foreseeable future.

The Club's earlier LP Bulletins

546 - 10/07

,

647 - 7/09

and

660 - 10/09

warn members of the serious risks that can be associated with the carriage of iron ore fines loaded at Indian ports. Last year there were reports of two vessels that had capsized after loading Indian iron ore fines and the Club has been involved with a number of cases, two of which could have had serious consequences, involving this commodity.

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Date21/05/2010