Earlier in June, the port had shattered a record for the largest departure of iron ore on a single tide:
The new record of 1,270,721 tonnes was achieved with 7 capesize vessels departing on Saturday 7 June 2014 and beating the previous record set in April by almost 160,000 tonnes.
It is also the first time that seven capesize vessels have sailed on a single tide."
The operations in the Pilbara have to be seen to be genuinely believed and appreciated.
On the plus side, the iron ore spot price has arrested its recent dramatic declines for now, sitting at US$96.50/tonne (and with the Aussie dollar down at 93.5 cents, in A$ terms it is well above A$100/tonne).
Iron ore futures have also recovered.
A pretty good proxy for sentiment is the highly leveraged Fortescue Metals Group's (FMG) share price chart, which has gyrated around quite alarmingly at times, now bouncing back up to $4.63 by the close yesterday, up from $4.03 only three weeks ago (click chart):