Company ships 5.1 million tonnes to Europe, the U.K, Taiwan, Japan
After receiving regulatory permission to do so, the Baffinland Iron Mines Corp. shipped a record-breaking 5.1 million tonnes of iron ore from the Mary River mine this year, the company said last week in a news release.
Ore-carrying vessels contracted by Baffinland made 71 voyages between July 24 and Oct. 17, carrying Mary River’s high-grade iron ore to markets in continental Europe, the United Kingdom, Taiwan and Japan.
And the company’s carriers also did two transits to Asia through the Northern Sea Route, or “northeast passage,” a route running through Arctic waters north of Russia that connects northern Europe and northern Asia. Continue Reading →