Industry News

Guinea bauxite trading surges, boosting company's seaborne trade from West Africa to China


Since the beginning of the war in Ukraine, China's aluminum production has increased rapidly, and nearly 80% of bauxite's seaborne exports currently go to China.As Indonesia implemented an export ban from June, Guinea exports gradually replaced all Indonesian bauxite exports, with a year-on-year growth of 26% in July.

“Capesize bulkers have benefited from increased bauxite shipments and now account for 11% of capesize demand. In addition to the additional tonnage, bauxite shipments travel further than Capesize,” noted BIMCO shipping analyst Filipe Gouveia.The average distance of the model is 71% longer.

Winning International Group will establish a fleet of VLOCs in the future to be responsible for the ocean transportation of Guinea bauxite and iron ore, which strengthens trade exchanges between China and Africa.

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