Port Hedland pukes record dirt

Wednesday 7 September 2016

Port Hedland is out with its August shipments and boy are we chucking some dirt into the sea now! It’s record shipments with the total of 42.9mt. And record China shipments of 35.4mt:

Even so, China’s share of trade is still slipping:

That’s because Roy Hill largely ships to Korea and is ramping impressively:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.