WHITEPAPER
The Emerging West-African Dry Bulk Supplier
How bauxite and iron ore are putting Guinea on the map.
Guinea is emerging as a key driver for dry bulk demand.
The growing investment in decarbonization and green renewables is leading to high demand for dry commodities, particularly iron ore and bauxite. These minerals are traditionally supplied by Australia, Brazil, and Indonesia; however, a new producer is emerging in West Africa: Guinea.
Using data from Oceanbolt and Shipfix, Senior Maritime Analyst Mikkel Nordberg shares his predictions for how Guinea’s emerging influence could have a positive impact on ton-miles, freight rates, and other market factors.
In this whitepaper, you will learn:
- The effect of aluminum production on bauxite trade
- China’s commitment to green energy models and their increasing appetite for Guinean bauxite
- The role of the Simandou project on Guinea’s influence in providing high-quality iron ore
Fill out the form to read the full analysis.
“Even if we assume no further growth in any of these commodities, the altered trade flows and longer distances alone would have substantial positive impact on dry bulk rates.”
Mikkel Nordberg, Senior Maritime Analyst, Veson Nautical
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