The Baltic Exchange amp 8217 s main sea freight index slipped to its lowest in nearly three weeks on Wednesday, dragged by a drop in demand for the larger capesize vessel segment. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was down....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-2w-5d-18h-53m ago
China’s steel demand will increase slightly in 2021, supported by stable macroeconomic policies, the steel association said on Wednesday, even as the government has urged companies to produce less steel this year. Economic policies that China adopted to cope with the COVID 19 pandemic will shore u....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-2w-5d-18h-54m ago
South Africa amp 8217 s Richards Bay Coal Terminal RBCT said on Wednesday that its 2020 coal exports fell to 70.2 million tonnes from 72.2 million tonnes in 2019, weighed down by COVID 19 disruptions. Africa amp 8217 s largest coal export facility said 92% of its exports went to Asia last year, ....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-2w-5d-22h-53m ago
The Baltic Exchange amp 8217 s main sea freight index on Tuesday dropped for a third straight session to its lowest in over two weeks, as a seasonal dip in Chinese demand weighed on vessel rates. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commo....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-2w-6d-18h-53m ago
The Russian government has formally approved a proposal to impose a higher export tax on wheat from March 1, it said on Tuesday, in another push to curb a rise in domestic food prices triggered by the COVID 19 crisis. Russia is one of the world’s largest wheat exporters. Global wheat prices jumped....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-2w-6d-18h-54m ago
Today, Tuesday, January 26 2021, the Baltic Dry Index decreased by 106 points, reaching 1659 points. Baltic Dry Index is compiled by the London based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the ....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-3h-4m ago
Russia has sold 26.3 million tons of wheat since the beginning of July 2020 through January 14 2021, marking a 22.6 percent surge against the same period a year ago, the latest data by the country’s agricultural ministry shows. Overall, grain exports have totaled 31.5 million tons since the beginn....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-6h-54m ago
The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was down on Monday As weaker rates for the larger capesize segment offset gains in panamax and supramax vessels. The Baltic dry index, tracking rates for capesize, panamax and supramax....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-18h-53m ago
Delivery of grains and oilseeds to Argentine export hub Rosario was slowly returning to normal on Monday after a week of protests by truckers who blocked roads leading from the farm belt to port, two industry sources told Reuters. Drivers are demanding a review of their costs, including tolls, insur....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-18h-54m ago
Australia enjoyed its fourth highest goods trade surplus on record in December, with exports jumping 16 per cent in the month. Preliminary international trade figures released by the Australian Bureau of Statistics on Monday show Australia recorded a $9 billion goods trade surplus in December, up fr....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-22h-53m ago
Today, Monday, January 25 2021, the Baltic Dry Index decreased by 45 points, reaching 1765 points. Baltic Dry Index is compiled by the London based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the wo....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-1d-3h-3m ago
Strong global iron ore shipments, increasing Chinese coal imports and strong grain exports from US have fueled the dry bulk market at the start of 2021. Average Kamsarmax earnings over the first three weeks of 2021 has hit $14,100/day, the strongest start of the year since 2014. Head of Klaveness Re....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-1d-6h-53m ago
Capesize The Capesize market rocked and rolled these past few days. But by weeks end little had changed on the Capesize 5TC as it settled down 884 to $24,631. This was a positive difference of $733 to the beginning of the week. The market was not without plenty of activity as the Atlantic Basin con....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-1d-18h-53m ago
President Joe Biden inherits a problematic trade deal with China and the unpalatable choices of trying to make Beijing meet its commitments on purchases of U.S. commodities, renegotiating, or simply ignoring China’s failure to meet the terms. The so called Phase 1 trade agreement, signed in Januar....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-1d-18h-53m ago
US soybean weekly net export sales totaled 1.818 million mt for the 2020 21 marketing year during the week ended Jan. 14, up 100% on the week, according to the US Department of Agriculture data released Jan. 22. In addition to the strong sales for the current marketing year, sales for the upcoming 2....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-1d-22h-53m ago
The Baltic Exchange amp 8217 s main sea freight index posted its sixth consecutive weekly gain boosted by growth across all vessel segments, but it dipped on Friday due to lower capesize earnings. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk comm....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-3d-18h-53m ago
Dalian iron ore futures edged higher on Friday on concerns over possible weather related supply disruptions in key exporter Australia, while prices in Singapore dipped on worries about new COVID 19 infections in top steel producer China. The most traded iron ore contract on the Dalian Commodity Exch....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-3d-18h-54m ago
Today, Friday, January 22 2021, the Baltic Dry Index decreased by 27 points, reaching 1810 points. Baltic Dry Index is compiled by the London based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the wo....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-4d-3h-3m ago
The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was up for a third straight session on Thursday as higher demand for panamax and supramax vessels outweighed a slight dip in capesizes. The Baltic dry index, tracking rates for capesiz....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-4d-18h-53m ago
RightShip and INTERCARGO have today announced the launch of an important new quality standard for the dry bulk sector, DryBMS. The standard will be governed by a new NGO to be established later this year and will support the improvement of safety in the dry bulk segment. Both RightShip and INTERCARG....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-4d-18h-53m ago
China amp 8217 s soybean imports in 2021 22 marketing year October September is likely to exceed 110 million mt, hitting an all time high, on sharper than expected hog and sow herd recovery from the African swine fever, according to S amp 38 P Global Platts Analytics. Even for 2020 21 marketing ....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-4d-18h-53m ago
Dalian iron ore futures rose on Thursday as key supplier Australia began preparing for a potential tropical cyclone, while worries over rising coronavirus cases in China weighed on prices of the steelmaking raw material in Singapore. The most active May iron ore contract on China amp 8217 s Dalian ....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-4d-18h-54m ago
Argentine farmers have dramatically accelerated sales from the upcoming 2020/21 corn harvest, due to concern that the government may yet again try to limit international sales. The agriculture ministry has caused uncertainty by going back and forth in recent weeks on policies seeking to ensure ample....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-4d-22h-53m ago
Today, Thursday, January 21 2021, the Baltic Dry Index climbed by 9 points, reaching 1837 points. Baltic Dry Index is compiled by the London based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the wor....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-5d-3h-3m ago
China’s soybean imports from the United States in 2020 rose by 52.8% from a year earlier, customs data showed on Wednesday, though the stepped up buying likely fell short of what was needed to fulfil last year’s trade deal between the countries. The world’s top soybean buyer last year brought ....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-5d-6h-53m ago
The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest in a week on Wednesday as vessel rates improved across all segments. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bu....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-5d-18h-53m ago
The year 2021 has started strongly for the Capesize market with a 10.4% increase in the number of journeys completed or underway in the first 20 days of the year compared to the same period last year source: VesselsValue . This counter seasonal upswing stands in contrast to the development for all ....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-5d-18h-53m ago
Beijing’s bar against Australian coal imports is upending global flows of the energy commodity, leaving dozens of loaded ships stranded off the Chinese coast and reshaping the direction of the seaborne trade. The flotilla of coal carriers sitting outside Chinese ports has grown to some 65 vessels,....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-5d-18h-53m ago
Australia and Brazil, the world’s two largest iron ore producers, remained China’s top suppliers in 2020, but imports from India soared 88% as Chinese mills diversified sources amid sky high raw materials prices. Australian shipments rose 7% to 713 million tonnes, while Brazilian supplies were u....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-5d-18h-53m ago
Seaborne iron ore prices defied the usual late year seasonal slowdown to hit multi year highs in the final quarter of 2020, with demand fueled by strong steel margins and high output amp 8212 but margin pressures and the seasonal Lunar New Year holiday slowdown are likely to take the heat out of ....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-5d-18h-53m ago
Brazilian soybean exports plummeted in January on ebbing supplies, as farmers sold almost all their old crop soybean stocks, market sources told S amp 38 P Global Platts Jan. 19. Brazil exported 17,500 mt in the first half of January, compared with 630,000 mt shipped out in the same period last yea....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-6d-6h-54m ago
The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a three session losing steak on Tuesday helped by higher rates for the capesize and supramax vessel segments. The Baltic dry index, tracking rates for capesize, panamax and sup....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-6d-18h-53m ago
Iron ore has started 2021 in much the same fashion as it spent most of last year, moving higher and adding to a rally that saw the spot price surge 75% in 2020. But while the steel making ingredient is continuing its stellar run, the fundamentals may slowly be starting to turn against further gains,....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-6d-18h-53m ago
This is Part 1 of 5 in the S amp 38 P Global Platts Metals Trade Review series, where we dig through datasets and digest some of the key trends in metallurgical coal, iron ore, steel, scrap and alumina. We also explore what the next few months could bring, from supply and demand shifts, to new arbi....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-6d-18h-54m ago
Rio Tinto amp 8217 s biggest profit in nine years could be just the start, with the miner signalling it could capitalise on stratospheric iron ore prices by shipping record volumes of the steelmaking commodity this year. Australia amp 8217 s biggest iron ore miner is on track to post a full year u....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-6d-18h-54m ago
Benchmark iron ore futures pulled back on Tuesday after hitting four week highs in the previous session, as weakening steel margins in top steel producer China weighed on raw material prices. Iron ore on China’s Dalian Commodity Exchange ended daytime trading 1.4% lower at 1,046 yuan $161.26 a t....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-3w-6d-18h-54m ago
A targeted dry bulk shipping exchange traded fund has rallied in the new year, breaking from traditionally weak seasonal trends. Among the best performing non leveraged ETFs of Friday, the Breakwave Dry Bulk Shipping ETF NYSEArca: BDRY jumped 6.9%. BDRY has already surged 36.0% so far in 2021. BDR....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-4w-6h-53m ago
The Baltic Exchange amp 8217 s main sea freight index dropped on Monday, as weaker rates for the larger capesize segment offset gains in panamax and supramax vessel rates. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 14 points, ....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-4w-18h-53m ago
The Chinese government has rejected pleas from its own steel industry to lift bans on Australian coal cargoes, keeping dozens of ships holding 8 million tonnes of the commodity stranded at sea. More than 70 vessels carrying Australian coal have been unable to unload in China since October, coincidin....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-4w-18h-53m ago
Monthly iron ore shipment schedules will not be impacted as a result of a fire that broke out early on Jan. 14 at a shiploader at Vale amp 8217 s main iron ore export terminal in northeast Brazil, the miner said Jan. 15. The Ponta da Madeira Maritime Terminal in São Luís, Maranhão in northeast B....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-4w-1d-2h-53m ago
China’s soybean imports jumped 13% to an annual record in 2020, customs data showed, after crushers ramped up purchases amid improved margins and healthy demand from the country’s rapidly recovering pig sector. China, the world’s top soybean buyer, bought 100.33 million tonnes of the oilseed i....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-4w-1d-6h-53m ago
Normally, China does not import coal from South Africa, but 2021 has seen a shift. Shipments to mainland China were reported on Monday by the African Source Markets’ Weekly Coal Index Report. “It could be a game changer but we shouldn’t be too complacent,” African Source Markets CEO Bevan Jo....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-4w-1d-6h-53m ago
Dry bulk equities aggregate seven stocks under our coverage posted 21% negative returns during the full year 2020. However, since the beginning of 2021, these stocks have registered a gain of 15.7% so far as of 12 January 2021 . Going forward, the stocks are expected to consolidate because the po....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-4w-1d-18h-53m ago
Capesize The Capesize market surged this past week to a three month high, as a stronger outlook for the market took hold. Opening the second full week of the year at $21,131 the Capesize 5TC peaked mid week at $26,489, before closing down to end the week at $23,989. Charterers managed to take back a....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-4w-1d-18h-53m ago
India amp 8217 s wheat exports are likely to treble in the current financial year, thanks to surging international prices and ultra low interest rate money increasingly finding its way into agri commodity markets. The US Department of Agriculture USDA on Tuesday upped its forecast of Indian wheat....
Hellenic Shipping Dry Bulk Market News
Published 4y-10mo-4w-1d-22h-53m ago
There is both a history lesson and a warning in the latest Chinese data on imports of major commodities. The history part is that China bought record volumes of crude oil, copper, iron ore and coal in 2020, showing just how vital the world’s biggest buyer of natural resources was in keeping commod....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-18h-53m ago
Capesize freight rates hit a three month high in January defying historical weak seasonality trends as supply bottlenecks caused by adverse weather at the Chinese coast and high commodity prices continued to drive demand for tonnage. S amp 38 P Global Cape T4 index for non scrubber ships touched a ....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-18h-53m ago
The Baltic Exchange amp 8217 s main sea freight index retreated on Friday, but still notched up an over 9% weekly rise driven by strong overall gains in the capesize segment. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, shed 38 point....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-18h-53m ago
About 600 000 t to 700 000 t of South African coal have already moved to China since the Asian giant ceased accepting coal from Australia and more South African coal sales to China are expected “for sure”, a top trader said in an interview with Mining Weekly. China’s power plants have been per....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-18h-54m ago
China’s imports of most major commodities eased in December from the previous month, customs data showed on Thursday, but coal imports soared. KEY POINTS: *Crude oil: Imports of 38.47 mln T vs 45.36 mln T in November *Iron ore: Imports of 96.75 mln T vs 98.15 mln T in November *Soybeans: Imports o....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-1d-6h-54m ago
The Baltic Exchange amp 8217 s main sea freight index that tracks rates for ships carrying dry bulk commodities fell on Thursday, ending an eight session winning streak, weighed down by lower rates for capesize and panamax vessels. The Baltic dry index, which tracks rates for capesize, panamax and ....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-1d-18h-53m ago
China’s iron ore imports hit a record high in 2020, jumping 9.5% from a year earlier as the country beefed up spending on infrastructure to spur an economic recovery amid the coronavirus pandemic and manufacturing increased. China, the world’s top steel producer, imported 1.17 billion tonnes of ....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-1d-18h-53m ago
China’s coal imports rebounded in December after sliding for nine consecutive months, as Beijing relaxed import restrictions for some utilities to help meet surging demand for heating during harsh winter weather. Coal arrivals were 39.08 million tonnes last month, data from the General Administrat....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-1d-18h-53m ago
The Baltic Exchange amp 8217 s main sea freight index extended gains for the eighth consecutive session on Wednesday, buoyed by rising capesize rates and as supramax index climbed to its highest in more than 14 months. The Baltic dry index, which tracks rates for capesize, panamax and supramax vess....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-2d-18h-53m ago
Argentina said on Tuesday it lifted a 30,000 tonne per day limit recently placed on corn exports, which had caused farmers to go on a sales strike in protest. Growers have withheld crops from market since early Monday, angered by what they said was overzealous intervention in the markets. The govern....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-2d-22h-53m ago
The tussle between iron ore miners and steel companies over exports to China has taken a political turn with both sides questioning each other’s patriotism. In a fresh missive to Prime Minister’s Office, the Federation of Indian Mineral Industries FIMI said it is very unbecoming on the part of....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-2d-22h-54m ago
Russia is considering raising its wheat export tax from the currently planned 25 euros $30 per tonne between Feb. 15 and June 30, the head of the Russian Union of Grain Exporters, Eduard Zernin, told Reuters. Russia, one of the world’s largest wheat exporters, is trying to stabilise domestic foo....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3d-6h-54m ago
EU soybean meal imports have continued their downward spiral since the start of the 2020 21 marketing year July June amid limited supply from its top two suppliers, Argentina and Brazil, market sources said Jan. 12. The EU amp 8217 s soybean meal imports fell 8.5% year on year to 9.45 million mt ....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3d-6h-54m ago
The Baltic Exchange amp 8217 s main sea freight index rose to its highest since October last year as capesize rates continued to firm. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 88 points, or 5%, to 1,849, its highest since Oct. 9, 2020. The capesize....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3d-18h-53m ago
China’s effective ban on imports of Australian coal is forcing a realignment of flows between the world’s two biggest importers and two largest exporters. Indonesia and Australia dominate the global seaborne coal trade, with the Southeast Asian nation tops in thermal coal, used mainly in power p....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3d-18h-53m ago
China amp 8217 s agriculture ministry on Tuesday raised its forecasts for corn imports in 2020/21 year amid rising domestic prices and healthy demand from a steadily recovering pig herd. China was expected to import 10 million tonnes of corn in the 2020/21 marketing year, the ministry said, raising....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3d-18h-54m ago
We have been informed by our correspondent in Argentina that the workers unions have now lifted their strike and reached an agreement with the government and the private port terminals. The strike was initiated by URGARA Grain Receivers Union on 28 September and was later followed by the oil worke....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3d-22h-53m ago
The Centre on Monday awarded the letter of allocation to successful bidders of coal mines under the commercial auction held during October November 2020. Speaking at the event, Home Minister Amit Shah said the coal sector will be the largest contributor to India’s ambition of being a $5 trillion e....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3d-22h-53m ago
The Baltic Exchange amp 8217 s main sea freight index climbed about 10% to its highest level in three months on Monday as soaring coal demand from China continued to power capesize rates higher. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, jumped 155 points, ....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-4d-18h-53m ago
Indian Oil Corp is seeking a liquefied natural gas LNG cargo for delivery in February, two industry sources said on Monday. The refiner is seeking the cargo for delivery on Feb. 13 on a delivered ex ship DES basis in a tender that closes on Jan. 13, they said. IOC last bought a cargo for Feb. ......
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-4d-18h-54m ago
In the Atlantic thermal coal export market, S amp 38 P Global Platts Analytics forecast a weak US recovery in 2021 as European import demand remains low and Russia looks to import more into Asia. amp 8220 The end of year rally in Amsterdam Rotterdam Antwerp prices dissipated early January, whic....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-5d-6h-54m ago
Capesize The market has surely surprised many this week after sparking into life and quickly surpassing levels seen in November and December 2020. The Capesize 5TC ended 2020 at $16,633 and now closes out its opening week of 2021 at a resounding $21,131. Activity heated up from the middle of the wee....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-5d-18h-53m ago
China purchased more wheat from US farmers in the week ended Dec. 31, 2020, continuing the country amp 8217 s buying spree for the eighth straight week, and indicating that US wheat exports to China are expected to remain strong in the coming weeks. China booked 55,371 mt of US wheat in the week to....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-5d-18h-53m ago
India amp 8217 s coal import declined by 17 per cent to 137.16 million tonne MT in the April November period of the current fiscal. The country had imported 165.35 MT of coal in the year ago period, according to provisional compilation by mjunction, based on monitoring of vessels’ positions and....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-5d-18h-53m ago
The Baltic Exchange amp 8217 s main sea freight index jumped about 11% to its highest in nearly three months on Friday as high Chinese coal demand drove up capesize rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, leaped 158 points, or nearly 11%, to 1,606....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-1w-18h-53m ago
Coal carriers can look forward to a 26m tonne increase in movements of the black rock by sea this year, although that increase springs off the lower baseline of pandemic struck 2020. Statistics from global energy analyst IEA put 2020 trade volumes at a 10% retraction, equivalent to around 150m tonne....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-1w-18h-53m ago
A new report by logistics service provider Elane Inc. estimates China’s coal imports by sea last year fell 15% year on year to 240 million tons, mainly caused by the decline in the volume imported from May to October. The volume of coal imported returned to growth of 15% year on year in December. ....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-1w-18h-53m ago
The Baltic Exchange amp 8217 s main sea freight index that tracks rates for ships carrying dry bulk commodities rose for a seventh session in a row on Thursday as rates firmed across all vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 23 p....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-1w-1d-18h-53m ago
Hopes of an early resumption in the Australian coal trade to China have been dashed after analysis revealed no ships had left the largest export terminals in Queensland and New South Wales bound for the country last month. Market watchers say that goes against the annual trend of ships setting off f....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-1w-1d-18h-53m ago
The Baltic Exchange amp 8217 s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday as stronger panamax rates offset a dip in the larger capesize segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 7 point....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-1w-2d-18h-53m ago
Argentine farmers will hold a 72 hour strike from Monday to protest a government decision to temporarily suspend corn exports, three of the country’s main rural associations said Tuesday. The South American grains powerhouse last week announced a two month halt in corn exports from the world’s N....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-1w-2d-18h-54m ago
U.S. soybean exports to China fell just shy of topping the single month record set in November 2013, according to the latest U.S. Census Bureau data. Soybeans have been at the heart of the U.S. China trade war, now approaching its third anniversary. Soybeans matter because the United States has sold....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-1w-2d-18h-54m ago
The Baltic Exchange amp 8217 s main sea freight index, tracking rates for ships carrying dry bulk commodities, climbed on Tuesday to its highest level since mid October last year as rates for capesize and panamax vessels extended gains. The Baltic dry index, which tracks rates for capesize, panamax....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-1w-3d-18h-53m ago
China amp 8217 s iron ore futures advanced for a third straight session to a one week high on Tuesday, as concerns over tight supply pushed spot prices of the steelmaking raw material further above $160 a tonne. The most traded iron ore for May delivery on the Dalian Commodity Exchange DCIOcv1 ende....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-1w-3d-18h-54m ago
Several major Chinese cities have reportedly gone dark as authorities limit power usage, citing a shortage of coal. Analysts said prices of the commodity in the country have shot up due to the reported crunch. The reports also follow rising trade tensions between Beijing and Canberra, leading some a....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-1w-3d-18h-54m ago
Colombian coal exports fell to a near 12 year low 2.02 million mt in November, down 40.6% from October and 59.1% lower than the year ago month, according to data from government statistics agency DANE. The 2.02 million mt was the lowest monthly figure since 1.35 million mt in December 2008, accordin....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-1w-3d-18h-54m ago
The Baltic Exchange amp 8217 s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest in more than two months on Monday as earnings increased across the larger capesize and panamax vessel segments. The Baltic dry index, which tracks rates for capesize, p....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-1w-4d-2h-53m ago
Argentina will suspend sales of corn for export until Feb. 28, the agriculture ministry said on Wednesday, announcing the surprise move as part of the government’s effort to ensure ample domestic food supplies. The move by the world’s No. 3 corn supplier was a sign of tightening global food supp....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-1w-5d-6h-53m ago
Last week, steel industry’s representative body Indian Steel Association ISA urged the PMO to impose a temporary ban on exports of iron ore for six months to tide over the present supply crisis which is resulting into price rise of the raw material and causing steel price hike. Reacting to the s....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-1w-5d-18h-54m ago
The United States has banned imports of palm oil from Malaysian producer Sime Darby Plantation from Wednesday over allegations of forced labour during production, the U.S. Customs and Border Protection CBP said. The ban on Sime Darby, the world’s largest palm oil company by land size and seen as....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-2w-1d-18h-53m ago
The United States has banned imports of palm oil from Malaysian producer Sime Darby Plantation from Wednesday over allegations of forced labour during production, the U.S. Customs and Border Protection CBP said. The ban on Sime Darby, the world’s largest palm oil company by land size and seen as....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-2w-1d-18h-54m ago
Cold weather in China was among the factors which drove the price of seaborne iron ore fines down slightly this week, having come off a good run the week prior. According to Metal Bulletin, the price of iron ore 62% fines shipped to Qingdao port fell $US2.20 per tonne on Monday to $US163.85 per tonn....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-2w-2d-18h-54m ago
The SovEcon agriculture consultancy said on Monday that it had downgraded its estimate for Russia amp 8217 s 2020/21 wheat exports to 36.3 million tonnes from a previously expected 40.8 million tonnes due to an upcoming wheat export tax. Russia, one of the world amp 8217 s largest wheat exporters,....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-2w-3d-6h-53m ago
The total volume of iron ore dispatched to global destinations from the 19 ports and 16 mining companies in Australia and Brazil was 29.7 million tonnes over December 21 27, or the highest since Mysteel commenced this survey in June 2019, or up for the second week by 4.6 million tonnes or 18% on wee....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-2w-3d-18h-53m ago
Prolonged waiting periods of vessels carrying Australian coal to China: cargo hazards and precautions while waiting to discharge coal. The Club has learned that a number of ships loaded with Australian coal are experiencing significant delays in receiving authorisation to discharge in Chinese ports.....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-2w-3d-18h-53m ago
Ukraine amp 8217 s grain exports have fallen by almost 17% to 25.27 million tonnes this season, which runs from July 2020 to June 2021, economy ministry data showed. Traders have sold 8.34 million tonnes of corn and 3.75 million tonnes of barley, the data showed. They also exported 12.38 million to....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-2w-3d-18h-53m ago
Chinese coking coal futures extended gains into a third session on Monday, jumping as much as 6.2% as lower imports, sliding inventories and mines starting maintenance activity stoked supply concerns. “Coal mines in major production areas had mostly finished their targets at year end and started m....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-2w-4d-18h-53m ago
Argentina’s influential chamber of soyoil manufacturers and exporters on Sunday spiced up an offer to striking workers, seeking to end a more than two week standoff that has bogged down exports from one of the world’s main breadbaskets. The CIARA CEC chamber said it would top up salaries by 35% ....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-2w-4d-22h-53m ago
Volatility was the hallmark of the dry bulk freight market in 2020 and this is expected to follow suit into 2021 as it encounters new waves of infections, political tensions and inclement weather conditions. While the pandemic wreaked havoc on the freight market in Q1 2020, the colossal Chinese stim....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-2w-5d-6h-53m ago
Argentina is moving to resolve a ports strike that has bogged down agricultural exports from one of the world’s main bread baskets by calling a meeting next week aimed at jumpstarting wage talks between oilseed workers and export companies. A labor ministry spokesman told Reuters on Friday that th....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-2w-5d-18h-53m ago
Optimism from an anticipated record Australian wheat crop, estimated to be the country amp 8217 s second largest, is likely to outweigh trade concerns from troubled Australia China relations in the first half of 2021. Australia amp 8217 s wheat market is set to welcome the new year with a positive....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-2w-5d-18h-53m ago
Chinese imports of U.S. soybeans in November more than doubled from the previous year, customs data showed on Friday, as cargoes booked following a Phase 1 trade deal between the United States and China arrived in the country. The world’s top buyer of soybeans brought in 6.04 million tonnes of the....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-2w-5d-18h-54m ago
China amp 8217 s iron ore futures prices recovered from early losses on Friday to end higher while coking coal and coke both closed up more than 3%, buoyed by resilient demand at steel mills despite signs of easier momentum for key construction products. Steel product inventories in China, both hel....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-2w-6d-23m ago
The Baltic Exchange amp 8217 s main sea freight index posted its first annual gain in three years on Thursday as iron ore shipments to China bounced higher, despite a hit to shipping activity due to the coronavirus pandemic. The Baltic dry index, which tracks rates for capesize, panamax and suprama....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3w-1d-18h-53m ago
China moved in more wheat from the US ports in the week that ended Dec. 17, registering a fifth straight week of US wheat shipments, indicating Chinese buyers amp 8217 interest in US wheat has not waned as the country looks to meet its trade obligations and replenish its reserves. In the week that....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3w-1d-18h-53m ago
The Chinese government’s attempt to cool the iron ore price has not stopped some experts from predicting another surge as early as next month. Westpac Banking Corp ASX: WBC believes the stars are aligned for the steel making mineral to rally close to 20% in January to circa US$180 a tonne, repor....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3w-1d-18h-53m ago
India has made it mandatory for coal importers to disclose future shipments, in a move seen as tightening screening to curb imports to protect domestic producers. Importers of coking coal, steam coal and bituminous coal would have to gain a permit ahead of deliveries, the commerce and industry minis....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3w-1d-18h-54m ago
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest since late October on Wednesday as capesize rates extended gains to a tenth consecutive session. The Baltic dry index, which tracks rates for capesize, panamax and supramax ves....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3w-2d-18h-53m ago
Iron ore prices are soaring. Values reached approximately US$160 per tonne by the middle of December. This level was last recorded in early 2013. Demand growth, particularly in China, is driving the increase in the cost of the raw material. The dispute between the authorities in China and Australia ....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3w-2d-18h-53m ago
Wage talks between Argentine port workers and soymeal manufacturers were stalled on Tuesday, with a labor strike going into its 13th day, bogging down agricultural exports from one of the world’s main bread baskets. Argentina is the top international supplier of soymeal, a livestock feed used to f....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3w-2d-22h-53m ago
Soymeal manufacturers in Argentina presented late on Tuesday a proposal aimed at ending a two week strike by oil and port workers unions that has thrown a wrench in the flow of agricultural exports from one of the world’s main bread baskets. Oilseed workers and grains inspectors are demanding pay ....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3w-2d-22h-53m ago
China is expected to import more than 100 million tonnes of soybeans in 2020, a record high, said an executive with leading state owned grains trader COFCO on Tuesday, as rebuilding of the country’s huge hog herd boosts demand for the protein. The country is expected to crush 92.6 million tonnes o....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3w-3d-6h-54m ago
The Baltic Exchange’s main sea freight index climbed to its highest in nearly eight weeks on Tuesday, as rising rates for larger capesize vessels offset dips in panamax and supramax rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose 7 points, or 0.5%, ....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3w-3d-18h-53m ago
Chinese state owned media appeared to confirm a ban on imports of Australian coal this week. Australian officials are now trying to figure out how serious the threat is, and its implications. If China stops taking Australia’s coal, will other countries fill the gap Could Japan, India and South Ko....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3w-4d-6h-54m ago
The Baltic Exchange’s main sea freight index slipped on Monday, as weaker panamax and supramax rates more than offset rising capesize rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, snapped an eight session streak of gains to fall by 2 points, or 0.2%, t....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3w-4d-18h-53m ago
Australia’s coal producers may have to start cutting output if China maintains limits on imports from them, the Australian government said on Monday, forecasting a sharp fall in coal export revenue this year. China is the second biggest buyer of Australia’s thermal coal burned in power plants an....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3w-4d-18h-54m ago
Scorpio Bulkers Inc. announced that following the recent sales of vessels by the Company, its Board of Directors has authorized the Company, as part of its transition to a sustainable future, to sell its remaining dry bulk vessels and exit the dry bulk sector during 2021. As a result of this decisio....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3w-5d-6h-53m ago
Brazil and China are in talks to boost corn trade between the two nations, though raising exports to the Asian nation at this time is unfeasible due to inter harvest supply shortages, Abramilho, a corn producers association, said. Only a fraction of Brazil’s corn sales went to China last year, or ....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3w-5d-6h-54m ago
Australian grain is flying off farms regardless of China’s trade sanctions, and wheat shipments alone are set to hit 4 million tonnes in December. A whopper wheat crop, now predicted to be Australia’s biggest ever, could reap $6 billion in export earnings as grain flows back into traditional and....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3w-5d-6h-54m ago
In the first article in the series we mentioned that dry bulk freight was in a super cycle between 2001 and 2008. The growth in global yard capacity was unable to keep up with the seaborne demand growth triggered by China joining the World Trade Organization in 2001. This led to extensive contractin....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3w-5d-18h-53m ago
Capesize After a promising start, the Capesize market really came alive on Thursday as Vale made a reappearance, lifting at least a clutch of vessels from Brazil, with $16 appearing to be the C3 Brazil China high water mark on the Goodship 177,536 2005 for mid January dates. The underlying index c....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3w-5d-18h-53m ago
Analysis by advisory firm Wood Mackenzie WoodMac has shown that there will be no winners in the coal war between Australia and China. Reports emerged earlier this week that National Development and Reform Commission had met with the ten major power companies over the weekend, and had granted them ....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-3w-5d-18h-53m ago
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose on Friday to log its second straight weekly gain as capesize rates climbed to over six week high. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was ....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-4w-18h-53m ago
It has been a bumpy year for worldwide commodity demand, with some sectors speedily bouncing back from pandemic dents, while others have taken more time to rediscover their ‘normal’. China has been a lynchpin for the recovery in dry bulk commodities wet trades have needed the support of OPEC+ t....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-4w-18h-53m ago
The Baltic Exchange’s main sea freight index rose for a seventh straight session to hit its highest since late October on Thursday, supported by stronger rates for the larger capesize vessel segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, edged up 5 po....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-4w-1d-18h-53m ago
Commodity forecasting is a difficult business at the best of times. Even the most sophisticated “all singing, all dancing” supply demand model cannot account for a myriad of imponderables. These can include weather events and environmental factors, operational outages and disasters, government p....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-4w-1d-18h-53m ago
Grain exporters look unlikely to accelerate shipments of Russian wheat before an export tax is implemented in mid February, with farmers expected to be in no rush to release supplies, particularly given poor prospects for next year’s harvest. The planned levy has triggered volatility in internatio....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-4w-2d-6h-54m ago
High iron ore market prices seen in recent months are expected to continue into the first quarter of 2021, supported by strong Chinese steel output, according to the latest S amp amp P Global Platts Iron Ore amp amp Steel Outlook. Some 62% of participants said iron ore prices would remain above $1....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-4w-2d-6h-54m ago
The Capesize freight rate as a percentage of the seaborne iron ore price has touched a record low, with a supply crunch for the mineral along with excess tonnage availability altering the correlation. The share of the key Brazil to China Capesize freight rate in the benchmark S amp amp P Global Plat....
Hellenic Shipping Dry Bulk Market News
Published 4y-11mo-4w-2d-18h-53m ago
