Kribi iron ore corridor lines up demand for 80 capesizes

AI Summary

A proposed iron ore corridor would transport up to 100 million tonnes annually from the landlocked Central African Republic through Cameroon’s deepwater port of Kribi. The route could generate demand for around 80 capesize bulk carriers if it reaches its planned scale.

A potentially significant new capesize tradelane is taking shape in Central Africa, with plans to move as much as 100m tonnes of iron ore a year from landlocked Central African Republic through Cameroon’s deepwater port of Kribi. Drewry estimates that if the proposed CAR-Kribi corridor reaches anything close to its planned scale, it could create …