During its 2017 open-water Arctic shipping program, Baffinland Iron Mines Corporation indicated it shipped approximately 4.1 million metric tons of iron ore from its Milne Inlet Port to markets in Germany, the United Kingdom, and Japan. This appeared to reflect improved demand on global commodity markets. Montreal’s Fednav Ltd. manages the on-site shipping and port operations.
Fifty-six panamax vessels from Nordic Bulk Carriers and other operators were deployed between August 2 and October 17, carrying an average of 72,600 tonnes of iron ore each. The 4.1 million tonnes shipped over 75 days marks the largest shipping program by volume ever executed in the Canadian High Arctic. This followed the 2.7 million tonnes shipped last year.
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