Phoenix entered the global Iron ore trading business in 2009, leveraging its logistics,
freighting and risk management compe-
tencies of its coal desk, thereby synergizing its coal import abilities with
Iron ore export prospects from India.
On the back of its strong presence in India and China, the company has successfully
been able to make inroads into the Chinese market for Iron ore.
In a short span of 2 years, Phoenix has increased its Iron ore exports to 1,500,000
mts pa from India to China. Today, the company has strong sourcing capabilities
both for low and high grade Iron ore fines and aims at stabilizing its growing volumes
at 3,000,000 mts annually by 2014.
Phoenix is regarded as a highly dynamic and professional company growing in the
Indian Iron ore business and enjoys long term business relations with the best names
in the global ship owning and operating companies. The company today works closely
and regularly fixes COAs with first class global companies like Klaveness, Western
Bulk, Oldendroff and Cargill.