Manganese producer, Element 25 says a new shipping strategy will deliver a freight tariff reduction of 45 per cent from peak tariff rates for an upcoming shipment of manganese concentrate sourced from its Butcherbird mine in the Pilbara region of Western Australia. The company will now transport its manganese concentrate in a larger capacity Supramax vessel to lower the shipping costs.
Manganese producer, Element 25 says a new shipping strategy will deliver a freight tariff reduction of 45 per cent from peak tariff rates for an upcoming shipment of manganese concentrate sourced from its Butcherbird mine in the Pilbara region of Western Australia. The company will now transport its manganese concentrate in a larger capacity Supramax vessel to lock in the shipping cost savings.
The first two shipments of manganese concentrate from Butcherbird were recently shipped to a smelter in China owned by Element 25’s offtake partner, OM Materials.
A third shipment of concentrate is set to depart the Utah Point facility at Port Hedland later this month.
Unlike the first two shipments which used Handymax sized vessels for transportation of the concentrate, the upcoming shipment will be moved on a Supramax ship.
The company says a shift to the larger capacity Supramax vessel will cut shipping tariffs and the new ship has been booked at a rate in the low USD$30’s per tonne, a reduction of about 45 per cent from the previous peak tariff rate.
The Supramax vessel has been booked by Element...
Read Full Story: https://www.businessnews.com.au/article/Element-25-cuts-costs-with-new-manganese-shipping-strategy
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