Iron Ore Trade at Risk as Port Hedland Walkouts Approved

 

Tugboat workers at Australia’s Port Hedland approved work stoppages amid a dispute over wages and annual leave, risking disruption to iron ore shipments to Chinafrom the world’s largest bulk-export terminal.

The Maritime Union of Australia approved unlimited stoppages of 24 hours, 48 hours and seven days, the Fair Work Commission said today after members were balloted. The union represents deckhands at Teekay Shipping (Australia) Pty., which is contracted by BHP Billiton Ltd. (BHP) to run tugboat operations at the port, located 1,300 kilometers (808 miles) north of Perth. Two other unions are also balloting workers on possible action.

Industrial action may slow iron ore exports by companies including Fortescue Metals Group Ltd. (FMG)and BHP, which said

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German Investor Confidence Drops for Fifth Straight Month

 

Photographer: Krisztian Bocsi/Bloomberg

Industrial output unexpectedly declined in March, and manufacturing and services cooled in April. Close

Industrial output unexpectedly declined in March, and manufacturing and services cooled in April.

Photographer: Krisztian Bocsi/Bloomberg

Industrial output unexpectedly declined in March, and manufacturing and services cooled in April.

 

German investor confidence fell for a fifth month in May in a sign of growing concern that threats from low inflation (ECCPEST) to a strong euro may undermine the recovery.

The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, slid to 33.1 from 43.2 in April. The gauge is at the lowest level since January 2013.

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Por qué no sube el carbón y la consecuencia en las mineras

 

Las compañías mineras australianas están prolongando un exceso de oferta que hizo caer los precios del carbón al nivel más bajo en cuatro años debido a contratos de transporte que hacen que sea más barato exportar a pérdida que reducir la producción.

Las remesas de carbón térmico del segundo mayor exportador crecerán más que las de cualquier otro país este año, según Morgan Stanley. El banco rebajó su pronóstico de precios 2014 un 9% a US$77 la tonelada, este mes, calculando que la oferta mundial superará la demanda en un 4%. Los precios promediaron US$77,24 en lo que va del año, de acuerdo con los datos de globalCOAL.

Las mineras están atadas a contratos portuarios

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Informe Organización Mundial del Comercio

COMUNICADO DE PRENSA

http://www.wto.org/spanish/news_s/pres14_s/pr721_s.htm

Se prevé un crecimiento moderado del comercio en 2014 y 2015, después de dos años de estancamiento

Se prevé que el comercio mundial registre un crecimiento moderado del 4,7% en 2014 y aumente a un ritmo mayor (5,3%) en 2015, según informaron hoy (14 de abril de 2014) los economistas de la OMC.

 PUNTOS PRINCIPALES

La previsión del comercio para 2014 se ha elevado al 4,7% frente al 4,5%, lo que está aún por debajo del promedio de 5,3% en 20 años (1983-2013). Para 2015, se prevé un aumento del 5,3%.

Los riesgos en torno a esta previsión son ahora menores en las economías desarrolladas pero han aumentado para las economías en desarrollo, pues el final de la

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Nigeria.- Umar: Lekki Deep Seaport to Handle Bigger Ships, Create Jobs

Umar: Lekki Deep Seaport to Handle Bigger Ships, Create Jobs

04 Apr 2014

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Lekki deep

 

John Iwori

The Lekki deep seaport will not only handle bigger ships calling in the Nigerian ports but also create employment opportunities for Nigerians, the Minister of Transport, Senator Idris Umar has said.

The Federal Government had during the sitting of the Federal Executive Council (FEC) late last year approved the construction of the multibillion naira deep seaport situated in Lagos.

The deep seaport is expected to ease the present bottlenecks associated the existing ports, particularly the ones in Lagos which has been experiencing congestion in recent times.

Umar who stated this at the just concluded 12th Intermodal Africa 2014 exhibition and conference which took

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