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.
Key insights from inside
China is responsible for 74% of global iron ore exports.
Iron ore accounts for 34% of total ton-mile demand for dry bulk.
Guinea is expected to reach a 7% share of the iron ore market, behind only Australia and Brazil.
