Home / Metals / Deckhands paid like bankers threaten iron ore port strikes
Stainless Steel Flanges

Deckhands paid like bankers threaten iron ore port strikes

Tugboat crews, including deckhands paid more than some New York bankers, are threatening to disrupt shipments from the world’s biggest iron ore port as they negotiate for increased wages and improved conditions.

According to BHP Billiton, the world’s largest mining company, Australian iron ore miners may collectively lose about AUD 100 million a day as a result of stoppages at Port Hedland. The port exports about half of the nation’s shipments, forecast to reach AUD 76.5 billion in the year through June 2015.

Mr Michael McCarthy, a chief strategist at CMC Markets in Sydney said that “Any tightening of supply, particularly at current levels, could see an iron ore price reaction that might offset any short-term revenue losses. It’s not an overwhelming negative.”

Source – News Zealand Herald

Zhejiang Yaang Pipe Industry Co., Limited (www.nctv.net)

About www.nctv.net

www.yaang.com provide a wide range of steel products as Steel pipe, Steel pipes and seamless pipes, Alloy pipes, Pipe fittings, Composite steel pipe used in the industry, construction etc.

Leave a Reply

Your email address will not be published. Required fields are marked *


Scroll To Top