Positive news - the Baffin was loaded and departed Port Latta earlier this morning. IMO the current year pellet shipments from Port Latta terminal have exceeded 2.1mt and 31 vessels loaded for YTD (prior full years 2019 were 31 vessels and 2018 were 33 vessels). I expect the upgrade of the Port Latta terminal loading system should go to plan over the next few weeks and GRR finishes with at least 3 or 4 more vessels loaded for the period to 31 Dec 2020 given the latest pellet premium and iron ore prices. The last 2 vessels loaded at Port Latta this week should have locked in strong revenue flows and trade receivables to be paid before 31 Dec 2020.
Positive news - the Baffin was loaded and departed Port Latta...
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