Ferrexpo has for the first time shipped its iron ore pellets on board a Newcastlemax ship.
The cargo was shipped to China for Baowu.
A Newcastlemax has a length of 300 meters and a width of 50 meters and can transport 185 thousand tons of pellets, up by 15% compared with a Capesize.
In 2020, Ferrexpo increased exports via seaports by 32% YoY, to 9.24 million tons. (Ukrainian metal)