According to ship tracking data from Kpler, shipments from the project’s Morebaya port reached 2.2 million tonnes during the month, far more than the record of 1.3 million tonnes set in April. In contrast, each of the first three months of the year saw only 0.6 million tonnes or less.
According to Alexandre Claude, founder and CEO of DBX Commodities, which also monitors the project’s exports and estimated May’s figure at 2.3 million tonnes, “the consensus at the beginning of the year was for a slow, constrained first half given the rail logistics bottleneck.”
“The May figures indicate that something has changed, probably the better loading cadence at Morebaya as port infrastructure develops.”
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