Capesize The Capesize market this week reached rate levels equivalent of last year’s highs. The 5TC rose $6,242 to settle at the end of the week at $34,762. The Transatlantic C8 roared to life throughout the week and is now the premium paying basin up $12,675 to $37,450. The fronthaul C9 has surpa....
Hellenic Shipping Dry Bulk Market News
Published 3y-6mo-4w-19h-36m ago
Chinese buyers are thought to have booked at least half a million tonnes from the next French wheat harvest, as China looks widely to cover grain import needs heightened by a domestic corn deficit, traders said. The sales were believed to be the first confirmed deals involving the 2021 crop and sugg....
Hellenic Shipping Dry Bulk Market News
Published 3y-6mo-4w-19h-37m ago
The Baltic Exchange amp 8217 s main sea freight index climbed on Friday to post its best weekly gain since mid February thanks to higher demand for capesize vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 38 points, or....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-19h-36m ago
The China steel and iron ore market narrative for 2021 was supposed to be pollution led curbs on steel output, coupled with rising iron ore supply, leading to lower prices. Neither is happening. The world’s three biggest iron ore miners all reported lower production in the first quarter of this ye....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-19h-36m ago
Exports of Russian wheat and meslin flour more than doubled in January February when compared with the same period of 2020, amounting to 7.59 million tons, according to the Federal State Statistics Service. In monetary terms, wheat supplies abroad more than doubled to $1.884 billion. Exports of vege....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1d-3h-37m ago
Today, Friday , April 23 2021 , the Baltic Dry Index climbed by 38 points, reaching 2788 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 worl....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1d-3h-47m ago
The Baltic Exchange amp 8217 s main sea freight index that tracks rates for ships carrying dry bulk commodities extended gains, rising to its highest since late 2010 on Thursday as capesize rates jumped on strong Chinese iron ore demand. The index, which factors in rates for capesize, panamax, supr....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1d-19h-36m ago
Ukraine amp 8217 s grain exports have fallen by 23.1% to 37.5 million tonnes so far this season, which runs from July 2020 to June 2021, agriculture ministry data showed on Wednesday. The exports included 14.7 million tonnes of wheat, 18.1 million tonnes of corn and 4.1 million tonnes of barley, th....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-2d-3h-37m ago
Today, Thursday , April 22 2021 , the Baltic Dry Index climbed by 40 points, reaching 2750 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 3y-7mo-2d-3h-46m ago
China amp 8217 s March soybean imports from Brazil plunged as rain delayed some shipments from the world amp 8217 s top exporter, but U.S. bean imports rocketed more than fourfold as delayed cargoes arrived, hitting the highest monthly total since December 2016. The world amp 8217 s biggest buyer....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-2d-7h-37m ago
The Baltic Exchange amp 8217 s main sea freight index surged to its highest in over a decade on Wednesday, powered by a jump in the larger capesize vessel segment on increasing iron ore shipments from Brazil. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessel ferryin....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-2d-19h-36m ago
China issued guidelines on Wednesday recommending the reduction of corn and soymeal in pig and poultry feed, a measure that could reshape the flow of grains into the world’s top corn and soybean buyer. Chinese feed makers have already been switching corn for cheaper alternatives, especially wheat,....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-2d-19h-37m ago
Brazilian soybeans exports in the first three weeks of April surpassed the year ago level due to higher exports in the third week of the month, sources said April 20, which is likely to support domestic oilseed prices. According to the foreign trade department amp 8217 s report released April 19, B....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-2d-19h-37m ago
Today, Wednesday , April 21 2021 , the Baltic Dry Index climbed by 238 points, reaching 2710 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 3y-7mo-3d-3h-47m ago
The Baltic Exchange amp 8217 s main sea freight index climbed to its highest in more than one and a half years on Tuesday as strong demand for panamax and supramax vessels offset weakness in the larger capesize segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax ves....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-3d-19h-36m ago
As daily earnings for the largest of the dry bulk ship types – capesize amp 8211 reached USD 28,520 on Friday 16 April, a ten year high was attained. However, whereas Fridays’ daily average time charter equivalent earnings TCE are seasonally strong, they are not special by their own merit. ....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-3d-19h-36m ago
SSY Futures Ltd is pleased to announce that on the first day of its launch, 19 April 2021, it completed the first Handysize 38,000 dwt FFA trades on both the Singapore Exchange SGX and European Energy Exchange EEX for the April and May contracts. Mark Douglas who is leading the new contract from....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-3d-19h-36m ago
Today, Tuesday , April 20 2021 , the Baltic Dry Index climbed by 40 points, reaching 2472 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 3y-7mo-4d-3h-47m ago
The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to 1 1/2 year peak on Monday as demand improved across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 47 points, or 2%....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-4d-19h-36m ago
Iron ore prices in Asia rose on Monday, buoyed by strong demand for steel products in China and overseas, and as Chinese steel mills continued to ramp up output despite the government amp 8217 s scrutiny of their compliance with stricter anti pollution rules. The most traded September iron ore on C....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-4d-19h-37m ago
Today, Monday , April 19 2021 , the Baltic Dry Index climbed by 47 points, reaching 2432 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 worl....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-5d-3h-47m ago
Capesize The market turned for all Capesize routes this past week as the BCI reached new highs for the year. The Capesize 5TC started the week at $23,911, surged early in the week before a lull mid week. It closed out with a strong gain of 4,339 for the week to $28,250. Both basins had a ...
The pos....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-5d-19h-36m ago
The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, was up on Friday, advancing for a second week in a row, on higher rates across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, cli....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-19h-36m ago
China’s coal output rose 16% in the first quarter from the same period last year, bolstered by strong demand for winter heating and robust industrial activity. China churned out 970.56 million tonnes of coal between January and March, up from 829.91 million tonnes in the same period in 2020, data ....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-19h-37m ago
Fortescue Metals Group Fortescue has marked a significant milestone for its Pilbara operations, exporting over 1.5 billion tonnes of iron ore since it was first established in 2003. It comes less than three years after the Company celebrated shipping its billionth tonne from Herb Elliott Port in P....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-19h-37m ago
Chinese coking coal futures surged almost 6% on Friday, climbing to a three month peak, after some major coal producing regions ramped up their safety inspections, stoking supply concerns. Authorities in provinces and region including Shanxi, Henan and Inner Mongolia have recently stepped up inspect....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-19h-37m ago
Today, Friday , April 16 2021 , the Baltic Dry Index climbed by 62 points, reaching 2385 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 worl....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-1d-3h-47m ago
The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to its highest level since September 2019 on Thursday as demand strengthened across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax ve....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-1d-19h-36m ago
China’s iron ore futures rose as much as 4.4% on Thursday staging a smart recovery from the previous session on a big spread between spot cargoes and futures and demand for the steelmaking ingredient strengthened. “There have been speculations that other places like Handan city in Hebei will als....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-1d-19h-37m ago
Today, hursday , April 15 2021 , the Baltic Dry Index climbed by 145 points, reaching 2323 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 w....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-2d-3h-47m ago
Imports of iron ore in China have jumped a whopping 19% to 102.11 million tonnes in March vs the prior year according to Tuesday amp 8217 s official customs data. A Reuters report highlighted that world’s top base metal and iron ore consumer brought in 283.44 million tonnes of the steelmaking ing....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-2d-7h-37m ago
The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, ticked higher on Wednesday on higher activity across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, gained 38 points, or 1.8%, to....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-2d-19h-36m ago
The Australian Jimblebar Blend Fines, or JMBF, slipped from premiums into discounts against the 62% Fe index as demand for iron ore fines with lower ferrous content and higher impurity levels dropped due to stricter quality requirements among Chinese steelmakers amid high margins. BHP on April 14 of....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-2d-19h-37m ago
Today, Wednesday , April 14 2021 , the Baltic Dry Index climbed by 38 points, reaching 2178 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 w....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-3d-3h-47m ago
The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell on Tuesday, as lower panamax vessel rates outweighed a slight gain in the larger capesize segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax vess....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-3d-19h-36m ago
China’s iron ore imports rose in March from relatively low levels a year earlier, customs data showed on Tuesday, with demand for the steelmaking ingredient underpinned by robust industrial activity. The world’s biggest iron ore consumer brought in 102.11 million tonnes of the raw material last ....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-3d-19h-36m ago
Pent up demand for commodities from grains to coal powered a surprisingly strong recovery in the dry bulk shipping market in the first quarter, with both freight levels and earnings reaching multi year highs amp 8212 and that momentum is continuing in Q2. Although uncertainties still loom large d....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-3d-19h-36m ago
China’s imports of soybeans, as well as grains like corn and wheat, soared in the first quarter, boosted by strong demand from the livestock sector, data from customs showed on Tuesday. Soybean imports almost doubled in March alone year on year, according to customs data, as cargoes of beans from ....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-3d-19h-36m ago
China’s General Administration of Customs released first quarter imports data on Tuesday for most major commodities. Here are comments from analysts on the data: KEY POINTS: *Crude oil: Q1 imports were at 139 million tonnes *Natural gas: Q1 imports were at 29.39 million tonnes *Iron ore: Q1 import....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-3d-23h-36m ago
Today, Tuesday, April 13 2021 , the Baltic Dry Index decreased by 5 points, reaching 2140 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 3y-7mo-1w-4d-3h-47m ago
The US will likely surpass Ukraine as China amp 8217 s top source of corn this year for the first time since 2015, as China amp 8217 s corn imports from the US continue to grow amid increasing demand, soaring prices and the China US phase one trade agreement, experts said on Sunday. Since March 20....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-4d-7h-37m ago
The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, advanced on Monday, supported by improved demand for capesize vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 60 points, or 2.9%, a....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-4d-19h-36m ago
China amp 8217 s coastal bulk freight market saw an increase in general demand in the week ending Friday, according to the Shanghai Shipping Exchange SSE . The composite index for coastal bulk freight rose 2.2 percent week on week to 1,309.11, the SSE said. The coal sub index climbed 2.9 percent t....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-5d-3h-36m ago
Today, Monday , April 12 2021 , the Baltic Dry Index climbed by 60 points, reaching 2145 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 worl....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-5d-3h-47m ago
China is paying a high price for its unofficial ban on coal imports from Australia, with the cost of domestic and alternative foreign supplies rising for both thermal and coking grades of the fuel. China, the world’s biggest importer, producer and consumer of coal, has effectively ended imports fr....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-5d-7h-37m ago
India and Indonesia have emerged as key beneficiaries of a Chinese ban on Australia amp 8217 s coal exports which is expected to further shift global trade in the fuel used for power generation and steelmaking this year. Australia, the world amp 8217 s biggest coal exporter, will continue to benef....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-5d-7h-37m ago
As we have discussed in the previous freight rate forecast publications, there has been upside risk for our last assumption for near term freight forecast, specifically for sub Panamax grain tonnages, owing to a unusual high congestion, b strong coal employments with record low cold weather in e....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-5d-19h-36m ago
Capesize The Capesize market continued this week with its constant and relatively steady improvement in rate values. The Capesize 5TC lifted 4,058 over the shortened post Easter holiday week to $23,911. While the Transpacific C10 remains the premium paying basin at $27,221, the Atlantic Basin C8 has....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-1w-5d-19h-36m ago
The Baltic Exchange amp 8217 s main sea freight index slipped on Friday, but ended higher for the first week in three on stronger capesize vessel rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was down 3 points, or 0.1%, at 2,085. The index was up 0.6% t....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-2w-19h-36m ago
China amp 8217 s agriculture ministry significantly raised its forecast for 2020/21 corn imports on Friday, reflecting actual market demand for the grain due to a spike in the crop amp 8217 s domestic prices during the year. China is expected to import 22 million tonnes of corn in 2020/21 year, th....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-2w-19h-37m ago
For a glimpse of how quickly and unevenly economies are recovering from the pandemic, look no further than the market for shipping raw materials. Rising demand for everything from soybeans to steel has sent the cost of hauling dry goods soaring more than 50% this year. Manufacturing, which first pic....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-2w-19h-37m ago
Today, Friday, April 09 2021 , the Baltic Dry Index decreased by 3 points, reaching 2085 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 worl....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-2w-1d-3h-47m ago
The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, eased on Thursday as weaker panamax and supramax rates outweighed a rise in the larger capesize segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax ves....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-2w-1d-19h-36m ago
The Chinese ban on coal imports from Australia has shaken up coal trades in the east. In the absence of Australian coal exports to China, other exporters have been scrambling to fulfil China’s coal demand. As a result, some countries are lacking their usual coal imports, a gap which Australia on t....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-2w-1d-19h-36m ago
Today, Thursday, April 08 2021 , the Baltic Dry Index decreased by 39 points, reaching 2088 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 w....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-2w-2d-3h-47m ago
The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to a more than one week high on Wednesday on higher demand for capesize vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose 35 point....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-2w-2d-19h-36m ago
Today, Wednesday , April 07 2021 , the Baltic Dry Index climbed by 35 points, reaching 2127 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 w....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-2w-3d-3h-47m ago
The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose on Tuesday as stronger demand for capesize vessels offset a dip in panamax and supramax rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels,....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-2w-3d-19h-36m ago
Chinese companies are diversifying their exploitation of iron ore in Africa at a record pace amid soaring prices and strained relations with Australia, which experts said signals that China is reducing reliance on amp 8220 unfriendly amp 8221 Australia for this key resource. They urged Australia....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-2w-3d-19h-37m ago
Downside potential for US thermal coal exports remains for 2021 despite recent rises in prices, S amp 38 P Global Platts Analytics warned. The increase in US thermal coal prices, particularly those in the Central Appalachian basin, amp 8220 is tied to the recovery of CIF Amsterdam Rotterdam Antwe....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-2w-3d-19h-37m ago
Today, Thuesday , April 06 2021 , the Baltic Dry Index climbed by 46 points, reaching 2092 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 3y-7mo-2w-4d-3h-47m ago
Back in the first quarter of 2020, China imposed economic lockdowns to combat the spread of coronavirus—an action that initially hit global prices of iron ore. But since reopening, China amp 8217 s economy has significantly bounced back into growth, causing a major swing in demand for steel produ....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-2w-4d-19h-37m ago
Today, Monday , April 05 2021 , the Baltic Dry Index climbed by 4 points, reaching 2046 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 world....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-2w-5d-3h-47m ago
The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for capesize, panamax and supramax vessels, rose on Thursday, helped by strong demand for capesize vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose 26 points, or 1.2%, to 2,07....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-3w-1d-19h-36m ago
The Baltic Exchange amp 8217 s main sea freight index posted its biggest quarterly rise since June 2020 on Friday, propelled by strong gains for larger vessels, with the panamax segment marking its best quarter in over six years on robust U.S. grain exports. The Baltic dry index, which tracks rates....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-3w-2d-19h-36m ago
China’s benchmark iron ore futures dropped on Wednesday, as the country’s environmental policy implementation weighed on demand for the steelmaking ingredient, while traders were shifting positions for most traded contract ahead of May delivery. The environment regulator in China’s top steelma....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-3w-2d-19h-37m ago
Today, Wednesday, March 31 2021 , the Baltic Dry Index decreased by 116 points, reaching 2042 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 3y-7mo-3w-3d-3h-47m ago
The Baltic Exchange amp 8217 s main sea freight index that tracks rates for ships ferrying dry bulk commodities declined on Tuesday, weighed down by muted demand across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was down 59 points, or 2.7%,....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-3w-3d-19h-36m ago
Chinese coking coal futures extended gains for a fourth session on Tuesday, as supply concerns rose after coal mine inspections and falling imports, with restocking demand at coking plants propping up prices further. Analysts with GF Futures noted that safety inspections at coal mines in Shanxi prov....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-3w-3d-19h-37m ago
India amp 8217 s coal import dropped 13.6 per cent to 196.13 million tonne MT in the April February period of the ongoing fiscal year. The country had imported 227.23 MT of coal in the year ago period, according to a report by mjunction services. mjunction amp 8212 a joint venture between Tata....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-3w-4d-7h-37m ago
The Baltic Exchange amp 8217 s main sea freight index that tracks rates for ships ferrying dry bulk commodities fell on Monday to its lowest since mid March, as rates dipped across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was down 16 poin....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-3w-4d-19h-36m ago
Heavy rains and the worst floods in 50 years have shut the world’s largest coal export harbour, but the impact from the closure of Australia’s Newcastle port is likely to hit hardest in India. Rainfall of more than 1 metre 3.3 feet in places in the past few days, and the threat of more to come....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-3w-4d-19h-37m ago
Australia expects to log a record A$136 billion $103.85 billion from iron ore exports this financial year, as global steel making recovers after a COVID 19 led downturn, a government report showed on Monday. The country’s most valuable economic export is expected to earn more than A$100 billion ....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-3w-4d-19h-37m ago
Today, Monday, March 29 2021 , the Baltic Dry Index decreased by 109 points, reaching 2162 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 3y-7mo-3w-5d-3h-47m ago
Russia amp 8217 s exports of corn, for which China has skyrocketing demand, may rise in the coming years with the country amp 8217 s huge output potential, warm political relations and logistics advantages, a major Chinese grain importer told the Global Times. While China amp 8217 s reliance on i....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-3w-5d-7h-37m ago
Capesize A more tempered week saw rates soften across all routes with low activity in both basins. Resilience and strong optimism still remains from Owners, yet the tailwinds from smaller classes turned to headwinds early in the week as market sentiment across shipping and commodities took a downwar....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-3w-5d-19h-36m ago
Strict environmental controls designed to curb steel production in China are unlikely to signal the end of the boom in iron ore prices, and miners producing higher grades of iron ore are likely to see a benefit from the restrictions. The price of spot iron ore fell 2.7 per cent to a six week low of ....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-3w-5d-19h-37m ago
The Baltic Exchange amp 8217 s main sea freight index, which rose on Friday as rates for capesize vessels improved, recorded its biggest weekly drop since early February. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose 6 points, or 0.3%, to 2,178. However, ....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-4w-18h-36m ago
Asia amp 8217 s benchmark iron ore futures advanced on Friday and headed for their first weekly jump in four, as declining steel inventories and rising demand in China lifted sentiment toward the steelmaking ingredient. Stocks of the five major finished steel products held by 184 Chinese mills regu....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-4w-18h-37m ago
France’s grain sector needs to offer higher quality wheat to meet Chinese industry needs and strengthen phytosanitary checks if it wants to further expand sales to China, a senior manager at COFCO International said. The volume of French wheat exports to China has surged in the past year, as Franc....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-4w-1d-6h-37m ago
The ownership of dry bulk ships has changed hands at blistering speed in the first three months of 2021. The course is now set for a record year in the bulk ship sale and purchase market. A total of 794 ships were bought and sold in 2020, with the smaller sectors of Handysize and Supramax ...
The po....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-4w-1d-18h-36m ago
The Baltic Exchange amp 8217 s main sea freight index that tracks rates for ships ferrying dry bulk commodities declined on Thursday, as a rise in capesize rates was offset by lower rates for panamax and supramax vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax v....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-4w-1d-18h-36m ago
Tuesday amp 8217 s Suez Canal blockage by a huge wayward cargo ship is likely to have only a marginal effect on steel imports and exports in Europe if vessels can pass through normally again within the next days, but any delay in material arriving will further intensify the current shortage in flat....
Hellenic Shipping Dry Bulk Market News
Published 3y-7mo-4w-1d-18h-37m ago
The Baltic Exchange amp 8217 s main sea freight index tracking rates for ships ferrying dry bulk commodities snapped a six session winning streak on Tuesday, weighed down by weaker demand across all vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-18h-36m ago
The U.S. soybean market is seeing continued strong Chinese demand, while Brazil struggles to bring in its oilseed harvest. Unexpectedly high Chinese demand is drawing down already tight U.S. supplies, propelling CBOT U.S. soybean futures prices to nearly seven year highs. The strong gains will likel....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-18h-36m ago
Floods in eastern Australia, affecting the states of New South Wales and Queensland, have impacted operations at coal mines in the region, stalled railway transportation, affected port schedules and disrupted supply chains in general, mainly for thermal coal exports. With weather conditions getting ....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-18h-37m ago
Today, Tuesday, March 23 2021 , the Baltic Dry Index decreased by 48 points, reaching 2271 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 3y-8mo-1d-2h-47m ago
The Baltic Exchange amp 8217 s main sea freight index tracking rates for ships ferrying dry bulk commodities scaled an over one year peak on Monday, propelled by higher rates across vessel segments, with panamax rates touching an over 10 year high. The Baltic dry index, which tracks rates for capes....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1d-18h-36m ago
Barley prices around the world are rising sharply as China sucks in crops from elsewhere after hitting Australia with steep tariffs last year as part of a diplomatic spat. Prior to May 2020, Australia was China amp 8217 s main barley source. But Chinese importers are now escaping the whopping 80.5%....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1d-18h-36m ago
Coal deliveries to Australia’s Port of Newcastle, the world’s biggest coal export port, have been halted because flooding in the Hunter Valley region has shut rail lines, with heavy rains also slowing ship movements at the port. Heavy rains along Australia’s east coast over several days have c....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1d-18h-37m ago
Chinese iron ore and coke futures tumbled on Monday, dragged down by concerns over weak demand for the steelmaking ingredients, as markets eyed the possibility of further production cuts in the top steel producing city of Tangshan. China, which accounts for more than half of the world amp 8217 s st....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1d-18h-37m ago
Today, Monday , March 22 2021 , the Baltic Dry Index climbed by 38 points, reaching 2319 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 worl....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2d-2h-47m ago
Capesize A steady build for the Capesize market saw the 5TC lift $2,696 to settle the week at $19,437. The trajectory of gains appeared more sustainable this week as pressure continued to build on charterers. Significant tail winds are thought to be coming from the smaller sizes as they have continu....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2d-18h-36m ago
Some 2mt of Exxaro’s planned coal exports during 2021 are “at risk” because Transnet Freight Rail TFR is having problems railing the coal to the Richards Bay Coal Terminal RBCT according to Nombasa Tsengwa – head of Exxaro’s minerals business. Tsengwa said the main problem being experi....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2d-22h-36m ago
The Baltic Exchange amp 8217 s main sea freight index gained for a third straight week on Friday, as rates for the larger capesize and panamax vessel segments rose. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 66 points, or ....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-4d-18h-36m ago
Chinese iron ore and coke futures on the Dalian Commodity Exchange slumped on Friday as traders fretted over prospects of further production cuts in the top steelmaking city of Tangshan. A notice issued by Tangshan government circulating in the steel industry on Friday showed output curbs could last....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-4d-18h-37m ago
Today, Friday , March 19 2021 , the Baltic Dry Index climbed by 380 points, reaching 2281 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 3y-8mo-5d-2h-47m ago
Notwithstanding measures taken by Masters and crews at the loading port and during the sea voyage, soya beans shipped on vessels may still deteriorate as a result of high moisture content, high temperature, as well as prolonged storage period on board due to delay/lack of discharge instructions by c....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-5d-6h-37m ago
The Baltic Exchange amp 8217 s main sea freight index hit a one and a half year high on Thursday propped up by stronger demand for all vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 110 points, or 5.2%, to 2,2....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-5d-18h-36m ago
China amp 8217 s soybean demand is seen steady on strong hog herd recovery from the African swine fever epidemic, market sources told S amp 38 P Global Platts March 18. With the hog herd recovery on a swifter than expected curve, China amp 8217 s soybean demand has also been projected to hit reco....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-5d-18h-37m ago
The Baltic Exchange amp 8217 s main sea freight index on Wednesday climbed to a near 1 1/2 year high as panamax rates scaled a more than 10 year peak on China grain demand. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 88 poi....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-6d-18h-36m ago
In the first two months of 2021, Brazilian iron ore exports have risen by 9.1% to 53.0m tonnes, driven by China. So far this year, 35.2m tonnes of iron ore has been exported to China, representing a 15.2% increase from the same period last year and standing in contrast to slightly declining exports ....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-6d-18h-36m ago
Chinese coking coal futures rose more than 3% to a nearly one month high on Wednesday, propped up by strong demand as coking plants are actively producing to chase profits despite a recent drop in spot coke prices. Some steel mills started to lower their purchase price of coke for the fifth time thi....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-6d-18h-37m ago
The price of spot iron ore for delivery to north China has fallen in recent sessions as the market struggles to work through a competing series of both bullish and bearish factors. On the bearish side is some restrictions placed on steel production in the major Chinese producing city of Tangshan in ....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1w-6h-37m ago
The Baltic Exchange amp 8217 s main sea freight index rose on Tuesday to its highest level since early October, driven by stronger rates for capesize and panamax vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 34 point....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1w-18h-36m ago
Iron ore shipments by Rio Tinto, BHP, Vale, Fortescue Metals Group and Roy Hill in Australia, along with Saldanha port in South Africa, fell 11.2% month on month in February but were up 3.3% year on year, according to S amp 38 P Global Platts amp 8217 trade flow software, cFlow. February shipment....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1w-18h-37m ago
Chinese buyers booked 1.16 million mt of US corn for delivery in the 2020 21 marketing season, the first such large daily flash sale reported since January, the US Department of Agriculture said March 16. This takes China amp 8217 s total commitments for US corn to a record 19.89 million mt in 2020....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1w-18h-37m ago
There is optimism for coal markets in 2021, but the extent of it remains unknown given competing factors and continued economic uncertainty, Andy Blumenfeld, heads of market analytics at IHS Markit, said March 10. amp 8220 In terms of the outlook, a recovery is happening and it amp 8217 s quite c....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1w-18h-37m ago
China’s wheat carryout in 2020 21 is set to fall for the first time in eight years, though that is not saying much given that the world’s leading grower has more than a year’s worth of supply in storage. What other countries might consider excess inventory is China’s exact intent. Beijing ma....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1w-18h-37m ago
The Baltic Exchange amp 8217 s main sea freight index rose to its highest in more than five months on Monday, as rates across vessel segments strengthened. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 23 points, or 1.2%, to ....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1w-1d-18h-36m ago
Chinese iron ore futures dropped more than 6% on Monday after top steelmaking city Tangshan pledged to cut emissions by 50% during the heavy pollution period and punish those who fail to implement production curbs. The most active iron ore on the Dalian Commodity Exchange , for May delivery, slumped....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1w-1d-18h-37m ago
C apesize It was another rollercoaster week with high activity on the west Australia and Brazil to China routes. The Capesize 5TC opened the week at $14,794 to move quickly up to $17,889 at midweek before tailing off towards the weekend at $16,741. While the Transatlantic C8 was a calm seas story, t....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1w-2d-18h-36m ago
China is scooping up supplies of U.S. white wheat to feed livestock, pushing export forecasts for the grain usually used to make sponge cakes and noodles to a 27 year high. The purchases are the latest disruption in commodities markets caused by Chinese buying of grains and oilseeds during the coron....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1w-2d-18h-37m ago
Lower capesize rates weighed down the Baltic Exchange amp 8217 s main sea freight index on Friday, though it posted a second consecutive weekly gain. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, dropped 10 points, or 0.5%, to 1,9....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1w-4d-18h-36m ago
Benchmark Asian iron ore futures fell on Friday and were on track for their second biggest weekly loss so far this year, as moves in China to restrict steel mills’ highly pollutive operations and reduce production capacity weighed on sentiment. The most traded May iron ore on China’s Dalian Comm....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1w-4d-18h-37m ago
Russia’s coal miners could boost exports to China, the world’s number one energy consumer, after Beijing slapped tariffs on Australian imports amid a growing trade rift. Chinese authorities completely halted supplies of coal from Australia in late 2020 after Canberra voiced its support for an in....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1w-5d-6h-37m ago
The Baltic Exchange amp 8217 s main sea freight index drifted lower on Thursday, having gained in the last seven sessions to hit a high since October, as rates eased for the capesize and panamax vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels fer....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1w-5d-18h-36m ago
Benchmark Asian iron ore futures rose on Thursday as data showed monthly shipments of the steelmaking ingredient to China from Australia’s Port Hedland dropped to the lowest in two years. Shipments from Port Hedland, the world’s biggest iron ore export hub, totalled 30.73 million tonnes in Febru....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1w-5d-18h-37m ago
The Baltic Exchange amp 8217 s main sea freight index gained on Wednesday, marking its highest level since early October as rates for the capesize and supramax vessel segments rose. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, cl....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1w-6d-18h-36m ago
Brazilian exports of soya beans disappointed in February, the first month of its export season. Exports reached just 2.9m tonnes, representing a 40.1% drop compared with the first month in the last season when exports totalled 4.8 million tonnes. The start to the 2021 season has thereby been the slo....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1w-6d-18h-36m ago
GoodBulk Ltd., a leading owner and operator of dry bulk vessels, announces its financial results for the fourth quarter of 2020. 4th Quarter Highlights • Generated $7.6 million of net profit resulting in earnings per share EPS of $0.25. EBITDA for the period was $20.1 million. • Declared a $0.....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1w-6d-18h-36m ago
Dalian iron ore slumped to its lowest in four weeks on Wednesday, pummelled by stricter anti pollution measures in China’s top steelmaking city of Tangshan and easing concerns about supply of the raw material. The most traded May iron ore on the Dalian Commodity Exchange fell 6.1% to 1,031.50 yuan....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-1w-6d-18h-37m ago
China was South Africa’s largest coal market in February, taking over from India, which has traditionally been South Africa’s largest coal export market. Normally, China does not import coal from South Africa, but 2021 has seen a shift, Mining Weekly reported in early January “India is the lar....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-6h-37m ago
The Baltic Exchange amp 8217 s main sea freight index rose on Tuesday, to its highest since October last year, lifted by higher rates in the capesize and supramax vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was ....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-18h-36m ago
A warning shot has been fired across the bow of proponents of the view that commodities are entering a new super cycle: China’s imports of crude oil, iron ore, copper and coal in the first two month of the year look far from bullish. China is the world’s largest importer of all these major commo....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-18h-36m ago
Asian benchmark iron ore futures fell more than 3% on Tuesday to their lowest levels in two weeks, as anti pollution restrictions in China amp 8217 s top steelmaking city of Tangshan pressured prices. Tangshan in the smog prone northern Chinese province of Hebei, which accounts for a quarter of ste....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-18h-37m ago
Today, Tuesday , March 09 2021 , the Baltic Dry Index climbed by 48 points, reaching 1901 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 3y-8mo-2w-1d-2h-46m ago
The Baltic Exchange amp 8217 s main sea freight index climbed to its highest level in nearly two months on Monday as rates improved for all vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, added 24 points, or 1.3%, t....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-1d-18h-36m ago
China amp 8217 s soybean imports in the first two months of 2021 fell slightly from a year earlier, customs data showed on Sunday, as rains in top exporter Brazil slowed some shipments. The world amp 8217 s top market for soybeans brought in 13.41 million tonnes of the oilseed in January and Febru....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-1d-18h-37m ago
Today, Monday , March 08 2021 , the Baltic Dry Index climbed by 24 points, reaching 1853 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 worl....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-2d-2h-47m ago
China amp 8217 s iron ore imports rose 2.8 per cent for the first two months of 2021 from a year earlier, with demand for the steelmaking ingredient supported by a firm consumption outlook. The world amp 8217 s top steelmaking nation brought in 181.5 million tonnes of iron ore in January and Febru....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-2d-6h-37m ago
China’s iron ore imports rose 2.8% for the first two months of 2021 from a year earlier, customs data showed on Sunday, as demand for the steelmaking ingredient was supported by a firm consumption outlook. The world’s top steelmaking nation brought in 181.5 million tonnes of iron ore in January ....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-2d-18h-36m ago
Capesize The market has surged during the last couple of days of the week to trade in the upper region of its recent range. Gaining $920 on the last trading day of the week the Capesize 5TC settled at $14,794, which reflected the solid trading activity. The West Australia to China C5 gained a strong....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-2d-18h-36m ago
Brazilian soy shipments this month should reach 15 million tons, which could establish a new record for a month, according to the maritime agency Cargonave, considering the 250 ships in the export line up, a growth of more than 40% compared to the number seen in the same period last year. If all thi....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-2d-18h-36m ago
French soft wheat shipments outside the European Union increased in February as loadings to Algeria and Morocco rose again, offsetting a lull in exports to China, an initial estimate based on Refinitiv data showed. Soft wheat exports by sea to destinations outside the EU and Britain came to 821,000 ....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-2d-22h-36m ago
Forward freight agreement FFA trades for a basket of 38,000 dwt handysize time charter rates will help operators take longer term cover with less risk, says leading shipbroker Simpson Spence Young. Following an ever strengthening charter market, SGX have confirmed a launch date for the new offerin....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-4d-18h-36m ago
China’s iron ore futures vaulted to a one week high on Friday, buoyed by expectations of improved demand for the steelmaking raw material after the Lunar New Year holiday. Iron ore on China’s Dalian Commodity Exchange ended daytime trading 4.2% higher at 1,004.50 yuan $155.16 a tonne, after ea....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-4d-18h-37m ago
Australia posted the biggest monthly trade surplus in history on the back of record iron ore exports, as the economy continued to rack up new markers in its rebound from last year amp 8217 s deep recession. The Australian Bureau of Statistics said the trade balance of goods and services was a recor....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-5d-2h-37m ago
Today, Friday , March 05 2021 , the Baltic Dry Index climbed by 66 points, reaching 1829 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 worl....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-5d-2h-47m ago
The Baltic Exchange amp 8217 s main sea freight index touched its highest level since mid January on Thursday, driven by higher panamax and supramax vessel rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was up 16 points, or ....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-5d-18h-36m ago
Amidst the rapidly improving sentiment for the whole dry bulk shipping market, February witnessed multi year record breaking performance for the smaller asset classes of Supramax and Handysize bulkers. BSI 10TC routes broke the US$20,000/d mark for the first time in a decade rising nearly US$8,000/....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-5d-18h-36m ago
China amp 8217 s demand for soybeans has slowed down in recent days amid prolonged negative net crush margins, market sources said March 3. Crushers in China, the world amp 8217 s largest soybean and pork consumer, have been reluctant to purchase beans shipments as demand for soymeal based animal ....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-6d-6h-37m ago
The Baltic Exchange amp 8217 s main sea freight index climbed on Wednesday to its highest level since mid February, on stronger rates across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 90 points, or 5.4%, t....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-6d-18h-36m ago
China’s coal consumption is expected to continue rising in 2021 despite Beijing’s pledges to boost the use of clean energy and curb greenhouse gas emissions, the China National Coal Association said on Wednesday. China, the world’s biggest coal consumer, saw overall consumption of the fossil f....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-6d-18h-36m ago
It has been a particularly strange Q1 for dry bulk shipping. Usually, the larger ships — Capesizes with capacities of around 180,000 deadweight tons DWT that carry iron ore and coal — do poorly all quarter. This year, they did better in January than they had in a decade before succumbing to th....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-2w-6d-18h-37m ago
The Baltic Exchange amp 8217 s main sea freight index gained on Tuesday, snapping a four session run of losses, helped by stronger rates in the capesize and panamax vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, wa....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-3w-18h-36m ago
India amp 8217 s coal import registered a drop of 11.59 per cent to 180.84 million tonnes MT in the first 10 months of the ongoing fiscal. The company had imported 204.55 MT of coal in April January period of the previous fiscal year, according to provisional data compiled by mjunction services. ....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-3w-1d-6h-37m ago
The Baltic Exchange amp 8217 s main sea freight index dipped to its lowest since mid February on Monday as rates for the larger capesize segment fell for the eighth straight session. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, f....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-3w-1d-18h-36m ago
China cut its coal use to 56.8% of energy consumption at the end of 2020, maintaining its target of below 58%, but overall coal consumption continued to rise amid record industrial output and the completion of dozens of coal fired power plants. The rapid rollout of renewable energy capacity and the ....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-3w-1d-18h-37m ago
Today, Monday, March 01 2021 , the Baltic Dry Index decreased by 49 points, reaching 1651 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 w....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-3w-2d-2h-47m ago
China amp 8217 s coastal bulk freight market saw a rise in general demand in the week ending Friday, according to the Shanghai Shipping Exchange SSE . The composite index for coastal bulk freight rose 9 percent week on week to 1,115.02, the SSE said. The coal sub index went up 12.4 percent to 1,13....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-3w-2d-6h-36m ago
Dalrymple Bay Infrastructure has blamed the COVID 19 pandemic for an 18 per cent drop in annual coal exports through its Queensland terminal as it delivered a maiden net loss of $113 million and said it would consider a share buyback to boost its stock price. Coal exports from the company’s termin....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-3w-2d-6h-37m ago
Capesize The market took on a mild downward slide during this week with the 5TC opening at $14,224 to close out at $11,934. The Pacific basin on its own showed a little more stability, remaining largely flat on the transpacific C10 and ending the week at exactly $11,500. The transatlantic C8 had a l....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-3w-2d-18h-36m ago
The Baltic Exchange amp 8217 s main sea freight index fell to its lowest in more than a week on Friday, weighed by weaker demand for capesize and panamax vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 25 points, or 1.....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-3w-4d-18h-36m ago
China’s benchmark iron ore futures rose on Friday to log its fourth straight week of gains, while steel rebar and hot rolled coil advanced on higher downstream consumption. Capacity utilisation rates at 247 blast furnaces in China rose to 92.28% this week, the highest since mid December, data from....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-3w-4d-18h-37m ago
The Baltic Exchange amp 8217 s main sea freight index slipped on Thursday, as weaker capesize and panamax rates outweighed an uptick in demand for supramax vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was down 9 points, ....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-3w-5d-18h-36m ago
Pacific Basin Shipping Limited “Pacific Basin” or the “Company”, SEHK 2343 , one of the world’s leading dry bulk shipping companies, today announced the results of the Company and its subsidiaries collectively the “Group” for the year ended 31 December 2020. Mr. Mats Berglund, CEO o....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-3w-5d-18h-36m ago
Today, Thursday, February 25 2021 , the Baltic Dry Index decreased by 27 points, reaching 1700 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 th....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-3w-6d-2h-47m ago
China emerged as one of the top importers of U.S. coal in the fourth quarter of 2020 as the country banned Australian coal from entering its territories amid diplomatic tensions. U.S. coal exports in the three month period totaled 17.4 million tonnes, down 7.3% year over year but 25.1% higher quarte....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-3w-6d-6h-37m ago
The Baltic Exchange amp 8217 s main sea freight index dipped on Wednesday, pressured by lower rates for the capesize and panamax vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, wasdown 18 points, or 1%, at 1,709. Th....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-3w-6d-18h-36m ago
After an unusually strong start to the year, seasonality has caught up with the dry bulk market. Coupled with a slow recovery in global economic activity, it looks set to be another challenging year. Demand drivers and freight rates The dry bulk industry has enjoyed an unseasonably robust start to 2....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-3w-6d-18h-36m ago
Chinese steel rebar futures moved in a tight range on Wednesday, but hovered around a more than 10 year high, as the market awaited a rebound in downstream demand. “Unlike the manufacturing sector that had returned to work, construction normally restarts after the Lantern Festival,” said Wang Yi....
Hellenic Shipping Dry Bulk Market News
Published 3y-8mo-3w-6d-18h-37m ago
New data by the Australian Bureau of Statistics ABS has reported a A$3 billion, or 9%, decline in exports for the month of January, driven by a A$1.5 billion, or 10%, decline in the export of metalliferous ores. “The decline in metalliferous ores was driven by a decline in the quantity of iron o....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-6h-37m ago
The Baltic Exchange amp 8217 s main sea freightindex rose on Tuesday as another surge in supramax vessel ratescountered lower prices for the capesize and panamax segments. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry bulk commodities,gained 18 point....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-18h-36m ago
China amp 8217 s iron ore imports hit a record 1.17 billion metric tons in 2020, with the average import price up 7.3 percent year on year to $101.7 per ton, which analysts say reflects robust demand in the downstream steel market and a continued and stable recovery of the Chinese economy. The amou....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-18h-36m ago
Chinese iron ore futures dropped as much as 3.5% on Tuesday after top steel producing city Tangshan issued a second level pollution alert forcing mills to curb production. Output at steel mills and coking plants in Tangshan will be limited from Feb. 23 in response to expected heavy pollution, while ....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-18h-37m ago
Today, Tuesday , February 23 2021 , the Baltic Dry Index climbed by 18 points, reaching 1727 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 3y-9mo-1d-2h-47m ago
Evidence is mounting to support an escalating recovery in demand for dry bulk commodities in countries other than China, attributed to both rising consumption and restocking of raw materials. The latest HORIZON Dry Bulk Monthly* report from Maritime Strategies International notes that even with Chin....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-1d-18h-36m ago
The Baltic Exchange amp 8217 s main sea freightindex gained on Monday as surging supramax rates counteredweakness in the larger vessel segments. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry bulk commodities,edged 11 points, or 0.6% higher, to 1,709.....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-1d-18h-36m ago
Argentina amp 8217 s barley exports to China are set to soar to a record 1 million tonnes in 2021, industry sources and sales data show, as Beijing looks beyond its traditional top supplier Australia amid a lengthy diplomatic standoff between the two countries. The sales bonanza, revealed by indust....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-1d-18h-37m ago
Today, Monday , February 22 2021 , the Baltic Dry Index climbed by 11 points, reaching 1709 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 w....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2d-2h-47m ago
Capesize As one of the more wild weeks in the first quarter for the Capesize comes to an end, the market feels more like it’s in reprieve mood contemplating what comes next. From last Friday at $10,304, the Capesize 5TC reached a high on Wednesday of $15,856 before retreating to close the week out....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2d-18h-36m ago
The largest U.S. listed dry bulk shipping companies are buying up ships in the secondhand market in anticipation of higher rates ahead. During conference calls on Thursday, executives of both Golden Ocean NASDAQ: GOGL and Star Bulk NYSE: SBLK highlighted stronger fundamentals for 2021, with vacc....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2d-18h-36m ago
The Baltic Exchange amp 8217 s main sea freightindex notched its second weekly gain in a row, aided by strongdemand for all vessel segments, even as it eased on Friday onlower capesize rates. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry bulk commodi....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-4d-18h-36m ago
Today, Friday , February 19 2021 , the Baltic Dry Index climbed by 203 points, reaching 1698 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 3y-9mo-5d-2h-47m ago
The Baltic Exchange amp 8217 s main sea freightindex scaled a near four week high on Thursday as a jump insupramax rates offset weakness in the larger vessel segments. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry bulk commodities, rose14 points, or ....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-5d-6h-36m ago
Golden Ocean Group Limited, a leading dry bulk shipping company, yesterday announced its results for the quarter ended December 31, 2020. Highlights Net income of $25.4 million and earnings per share of $0.18 for the fourth quarter of 2020 compared with net income of $39.1 million and earnings per....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-5d-18h-37m ago
The head of diversified miner South32 can’t see China’s ban on Australian coal imports ending any time soon. Weaker coal prices contributed to an 8 per cent dent in South32’s revenue, down from $3.21 billion to $2.94 billion from July to December 2020. This drop was driven largely by lower rea....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-5d-18h-37m ago
Dalian iron ore futures jumped 7% on Thursday on expectations for a rebound in demand as top steel producer China returned from a week long Lunar New Year holiday, with signs of an accelerating global economic recovery adding to the optimism. May iron ore on China amp 8217 s Dalian Commodity Exchan....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-5d-18h-37m ago
The Baltic Exchange amp 8217 s main sea freightindex rose to its highest in over three weeks on Wednesday asdemand for capesizes rebounded and rates for the panamax vesselsegment scaled ten year highs. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry bu....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-6d-18h-36m ago
The good start to 2021 for bulk carriers is set to continue beyond this year, according to Shipping Strategy Ltd, the UK based shipping market research and consultancy business. Shipping Strategy MD, Mark Williams, formerly Head of Research at Braemar and Affinity, has made the prediction in the com....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-6d-18h-36m ago
The Baltic Exchange amp 8217 s main sea freightindex surged to its highest since late January on Tuesday asforward looking market sentiment lifted capesize rates, andsmaller vessel segments continued to firm. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-1w-18h-36m ago
Today, Tuesday , February 16 2021 , the Baltic Dry Index climbed by 131 points, reaching 1495 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 3y-9mo-1w-1d-2h-47m ago
The Baltic Exchange amp 8217 s main sea freightindex climbed on Monday as capesize rates ended a 17 session runof losses and the panamax and supramax vessel segments achievedtheir highest levels since September 2019. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-1w-1d-18h-36m ago
The tight availability of global wheat cargoes amid export restrictions in Russia, the world amp 8217 s largest wheat exporter, and Argentina is proving a silver lining for Australian grain suppliers as they finally emerge from three consecutive years of drought. Export restrictions coupled with un....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-1w-1d-18h-36m ago
Today, Monday , February 15 2021 , the Baltic Dry Index climbed by 25 points, reaching 1364 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 w....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-1w-2d-2h-47m ago
Capesize The market was predictably quiet by the end of the week with many traders absent for the beginning of Chinese New Year. The Capesize 5TC registered a token drop of eight to settle at $10,304 as minimal trading was heard. It’s said to be a different story on the derivatives market where ru....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-1w-2d-18h-36m ago
The Baltic Exchange amp 8217 s main sea freightindex edged up on Friday to mark its first weekly rise in three,as higher panamax and supramax vessel rates outweighed weaknessin the capesize segment. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry bulk ....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-1w-4d-18h-36m ago
Today, Friday , February 12 2021 , the Baltic Dry Index climbed by 26 points, reaching 1339 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 w....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-1w-5d-2h-47m ago
The Baltic Exchange amp 8217 s main sea freightindex on Thursday gained after posting losses in the last threesessions, as strong gains in panamax and supramax vessel ratescountered a slide in the capesize segment. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels fe....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-1w-5d-18h-36m ago
The recent development of replacing coking coal with hydrogen in crude steel production has created a buzz that coking coal might soon be out of favour. For dry bulk operators this is a potentially negative development, but is this really the case Nippon Steel, which is the largest steel producing ....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-1w-5d-18h-36m ago
Argentina’s government has decided not to go ahead with proposals to hike taxes on farm exports or limit how much grain can be shipped abroad to curb rising food prices after warnings from farmers that they would protest the measures. “We can convey to our producers that there will be no increas....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-1w-5d-18h-37m ago
Today, Thursday, February 11 2021 , the Baltic Dry Index decreased by 4 points, reaching 1313 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 3y-9mo-1w-6d-2h-46m ago
The slow start to the marketing year for U.S. corn exports had many industry participants doubting whether U.S. exporters could hit the record U.S. government prediction, especially after a massive string of sales to China at the end of January. But shipments have notably picked up in recent weeks, ....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-1w-6d-6h-37m ago
The Baltic Exchange amp 8217 s main sea freightindex fell for a third straight session on Wednesday, as a slidein capesize rates continued to outweigh gains in the smallervessel segments. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry bulk commodities....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-1w-6d-18h-36m ago
Dalian iron ore jumped to its highest in three weeks on Wednesday and was set for a weekly gain of more than 5%, buoyed by hopes of improved demand for the steelmaking ingredient after the Lunar New Year holiday in China. Top steel producer China, home to the world amp 8217 s most liquid iron ore f....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-1w-6d-18h-37m ago
China is expected to import 10 million mt of wheat in 2020 21, led by higher usage in feed as it aims to continue balancing a widening gap between burgeoning demand and limited grain supplies at domestic levels, according to the US Department of Agriculture. If realized, China amp 8217 s imports in....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-1w-6d-18h-37m ago
Strong export demand will cut into already tight U.S. supplies of corn and soybeans by more than previously forecast, the U.S. Agriculture Department USDA said on Tuesday. If realized, the U.S. corn and soybean stockpiles would be the smallest in seven years before the next U.S. crop is harvested.....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-1w-6d-22h-36m ago
The Baltic Exchange amp 8217 s main sea freightindex dropped to its lowest in nearly two months on Tuesday, ascapesize vessel rates fell for a 14th consecutive session, offsetting a rise in panamax rates. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-18h-36m ago
In the first four months of the 2020/2021 US marketing year for soya beans which started on 1 September , 2.5m tonnes of soya beans were exported in containers, accounting for 6.3% of total exports, while 37.1m tonnes departed the US in dry bulk ships. Despite the record high containerised soya bea....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-18h-36m ago
The Russian government approved a formula based export tax system for wheat, corn and barley that is designed to help combat domestic food price inflation. The system will come into force on June 2, according to an order signed by Prime Minister Mikhail Mishustin. Russia’s Economy Minister said la....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-18h-37m ago
Chile amp 8217 s copper exports surged 9.3% in January, the central bank said, as the world amp 8217 s top producer of the red metal saw the value of its shipments buoyed by a rising global copper price. The jump in copper shipments, a vital source of export revenue for the South American mining g....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-22h-37m ago
The Baltic Exchange amp 8217 s main sea freightindex dipped to its lowest in more than a month on Monday, aslosses in the capesize segment outweighed gains in panamax andsupramax vessel rates. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry bulk commod....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-1d-18h-36m ago
The country amp 8217 s coal import rose by 15.1% to 23.63 million tonnes MT in December 2020 compared to 20.52 MT in the year ago month. Non coking coal imports were at 15.63 MT in December this fiscal against 14.21 MT in the same month last fiscal. Coking coal imports were at 5.36 MT against 4.4....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-1d-18h-37m ago
Iron ore futures rose on Monday, with China amp 8217 s benchmark contract extending a run of strong gains for a third session, buoyed by a positive demand outlook for the steelmaking ingredient in the world amp 8217 s top steel producer. However, trading in iron ore spot and futures thinned as Chi....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-1d-18h-37m ago
The United States exported $28.75 billion of agricultural goods and related products to China in 2020, data from the U.S. Department of Agriculture showed on Friday, missing the $36.5 billion targeted under the Phase 1 trade deal. Beijing and former U.S. President Donald Trump signed the deal in Jan....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-2d-2h-37m ago
Today, Monday, February 08 2021 , the Baltic Dry Index decreased by 5 points, reaching 1317 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 w....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-2d-2h-47m ago
Australia shipped 2.5 million mt of wheat in December 2020, up 173% from December 2019, according to data obtained by S amp 38 P Global Platts from a market source Feb. 5. A crop turnaround from three consecutive drought years to the second largest wheat production ever, estimated at 31.2 million m....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-2d-6h-37m ago
Just about one year after Scott Morrison amp 8217 s government decided to further sour China Australia ties by calling for a weapons inspector style investigation into COVID 19 amp 8217 s origins while China was in the midst of containing the novel coronavirus, Chinese ports are beginning to recei....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-2d-6h-37m ago
Capesize The market began to meet increased resistance to the recent slide in rates as the week progressed. With talk of a floor being found to provide some stability, it was heard that forward markets reacted positively. The north Atlantic basin was the big mover this past week with the Transatlant....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-2d-18h-36m ago
In February, the Brazilian ports line up indicates that soybeans shipments will reach around 8.5 million tons. But reaching such a volume won amp 8217 t be easy, especially because the harvest in Brazil the largest producer and exporter of the commodity is delayed, bringing huge logistical challe....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-2d-18h-37m ago
Russia on Feb. 4 confirmed it will impose a amp 8220 floating tax amp 8221 on its wheat and other grain exports starting June 2. The move adds to the trade measures earlier taken by the government, including an export quota that will come into effect from Feb. 15. The amp 8220 floating tax amp....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-2d-18h-37m ago
The Baltic Exchange amp 8217 s main sea freight index fell for a second straight week, despite recovering slightly on Friday, as rates for the larger capesize vessel segment weakened. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-4d-18h-36m ago
China amp 8217 s iron ore futures vaulted to a one week high on Friday, buoyed by expectations of improved demand for the steelmaking raw material after the Lunar New Year holiday. Iron ore on China amp 8217 s Dalian Commodity Exchange DCIOcv1 ended daytime trading 4.2% higher at 1,004.50 yuan $1....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-4d-18h-37m ago
New data by the Australian Bureau of Statistics ABS has revealed record high export revenue from iron ore, gold and copper in 2020. The ABS revealed that Australia’s resources exports, including minerals, metals and energy commodities, in 2019 generated A$270 billion in export revenue for the ec....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-4d-18h-37m ago
The Argentine government has not ruled out the possibility of increasing taxes on food exports as part of its effort to control high inflation, the president’s Deputy Chief of Staff Cecilia Todesca said in a local radio interview. Consumer prices in the grains exporting country rose by more than 3....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-4d-18h-37m ago
The Baltic Exchange amp 8217 s main sea freight index that tracks rates for ships carrying dry bulk commodities was unchanged on Thursday, as higher rates for panamax vessels countered losses in the capesize and supramax segments. The Baltic dry index, which tracks rates for capesize, panamax and s....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-5d-18h-36m ago
China amp 8217 s record purchases of US corn in the recent weeks are expected to further deplete US corn stocks, signaling corn prices will remain firm over the next few months, analysts said. US corn prices, currently hovering at over seven year highs of around $5.5 per bushel, could touch $6/bu i....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-5d-18h-36m ago
Russia, one of the world’s largest wheat exporters, is preparing a permanent grain export mechanism and plans to launch it on April 1, economy minister Maxim Reshetnikov told a meeting with President Vladimir Putin on Thursday. Putin said that there was also a need to prepare a mechanism for suppo....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-5d-22h-37m ago
Argentine agricultural exports were disrupted on Wednesday as truckers blocked roads around the Buenos Aires ports of Bahia Blanca and Quequen and authorities cleared roads near the main export hub of Rosario. Concern over the road blocks still meant reduced numbers of cargoes arrived at Rosario, ra....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-5d-22h-37m ago
Today, Thursday, February 04 2021 , the Baltic Dry Index decreased by 5 points, reaching 1322 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 3y-9mo-2w-6d-2h-47m ago
China amp 8217 s buying spree of French and Canadian barley is spilling into the 2021/22 crop with large forward purchases, due to its major feed grain needs and a prohibitive tariff on Australian barley, traders and analysts said. China has been sweeping up huge volumes of foreign crops to help fe....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-6d-6h-37m ago
The Baltic Exchange amp 8217 s main sea freight index that tracks rates for ships carrying dry bulk commodities extended its losing streak to a ninth straight session on Wednesday, as rates eased across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax ves....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-6d-18h-36m ago
China’s vast steel sector, and the iron ore industry feeding it, is grappling with a seemingly contradictory policy impulse that it should produce less this year, even as demand remains strong amid post pandemic stimulus spending. China produced a record 1.05 billion tonnes of steel in 2020, helpi....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-6d-18h-37m ago
Argentine grains exports were disrupted by roadblocks set up by truckers around ports in Buenos Aires province, the CIARA chamber of export companies said on Tuesday. The pickets by drivers demanding lower taxes, tolls and fuel prices as well as set fee schedules to be paid by farmers for transporta....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-2w-6d-22h-37m ago
Today, Wednesday, February 03 2021 , the Baltic Dry Index decreased by 53 points, reaching 1327 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 t....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-2h-47m ago
The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped on Tuesday as rates for the capesize vessel segment slipped for a ninth straight session. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels fe....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-18h-36m ago
Scorpio Bulkers Inc. reported its results for the three months ended December 31, 2020. The Company also announced that on January 29, 2021 its Board of Directors declared a quarterly cash dividend of $0.05 per share on the Company’s common shares. Share and per share results included herein have ....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-18h-36m ago
China amp 8217 s imports of major commodities are expected to show strong growth in January data, a reflection more of short term factors, however, that are topping off a solid economic underpinning. Imports of crude oil, iron ore and coal are all expected to show gains from prior months, while liq....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-18h-37m ago
Brazil amp 8217 s soybean harvest for the 2020 21 marketing year February 2021 amp 8211 January 2022 has made the slowest progress in a decade as unrelenting rains hampered field activities, agricultural consultancy AgRural said. Soybean farmers in the South American nation had been able to ha....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-18h-37m ago
Iron ore prices tumbled on Tuesday, as market participants turned cautious ahead of a week long Lunar New Year holiday beginning on Feb. 11 in top steel producer China. The most traded May iron ore contract on China amp 8217 s Dalian Commodity Exchange ended daytime trading 5.6% lower at 933.50 yua....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-18h-37m ago
Argentina amp 8217 s farm exports rose 32.63% year on year in January after strikes and standoffs with unions had snarled shipments at the end of last year before agreements were struck, the CIARA CEC chamber of crushers and exporters said on Monday. The chamber, which brings together companies tha....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-18h-37m ago
Today, Tuesday, February 02 2021 , the Baltic Dry Index decreased by 64 points, reaching 1380 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 3y-9mo-3w-1d-2h-46m ago
The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships carrying dry bulk commodities, on Monday was down at its lowest since early January, as rates weakened across vessel segments. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-1d-18h-36m ago
Today, Monday, February 01 2021 , the Baltic Dry Index decreased by 8 points, reaching 1444 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 w....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-2d-2h-46m ago
China bought 130,000 mt of wheat from US sellers in the week ended Jan. 21, doubling on its purchases made in the previous week, according to latest data from the US Department of Agriculture, showing that China amp 8217 s interest in US wheat has not waned and imports are expected to continue in t....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-2d-6h-37m ago
Shipping schedules for Brazilian ports show soybean exports of some 8.5 million tonnes in February, a potential record for the month, but getting all that to port will be tough for trading firms grappling with harvesting delays and a potential trucker strike. Some associations representing independe....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-2d-6h-37m ago
Capesize The Capesize routes endured a week of slippage on rates, bringing the market back down to levels seen at the beginning of the month. Dropping 8,956 over the course of the week the Capesize 5TC settled at $15,675. The Atlantic Basin routes were the big movers with the Transatlantic C8, in p....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-2d-18h-36m ago
China had been relatively quiet in the U.S. corn market since its record buying streak last summer, but a string of much more expensive bookings this week would seem to be proof of the country amp 8217 s dire need for the yellow grain. No one knows exactly how big China’s corn stockpiles are, but....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-2d-18h-37m ago
A ship carrying iron ore from west Africa’s Tonkolili mine set sail for China from the Port of Pepel in Sierra Leone on Friday, China’s official Xinhua news agency said. The shipment was the first export from the mine since Chinese firm Kingho Investment Co Ltd took over the project, Xinhua said....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-2d-18h-37m ago
The Baltic Exchange amp 8217 s main sea freight index dipped on Friday, notching its first weekly decline in seven, as the capesize vessel segment posted its worst week in eight months. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, dr....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-4d-18h-36m ago
Capesize freight rates fell sharply with levels for voyages within the Pacific dropping more steeply than for trips out of the Atlantic, from the unseasonal highs registered during early January, dragged by low cargo demand and congestion at Chinese ports. The time charter equivalent TCE rate for ....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-4d-18h-36m ago
Mitsui O.S.K. Lines, Ltd. Friday announced that the name of its wholly owned subsidiary Mitsui O.S.K. Kinkai, Ltd. will be changed to amp 8220 MOL Drybulk Ltd. amp 8221 effective April 1, 2021 amp 8220 New Company amp 8221 . 1. New Company name and integration of the commercial activities As....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-4d-18h-36m ago
The value of Australia’s coal exports increased by 26% in the month of December, compared with November, despite the ongoing trade tensions with China. Data from the Australian Bureau of Statistics ABS has shown that coal exports were worth A$3.7 billion to the Australian economy in the month of....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-4d-18h-37m ago
SBI Virgo is an ultramax dry bulk vessel built in 2017 and employed on a long term charter to Scorpio Bulkers Inc. In the charter contract, Scorpio Bulkers Inc. has an option to sell SBI Virgo to an unrelated third party, which has now been declared. Ocean Yield ASA will receive proceeds of about US....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-5d-2h-36m ago
The first cargo of recycled steel bought after China reopened its doors to ferrous scrap imports has arrived and been discharged, and initial market apprehension around whether it would pass customs inspections is easing. This is happening at a time when the arbitrage window for China to import is r....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-5d-6h-37m ago
The lack of ships opening for fresh employment around India amp 8217 s coast saw the Supramax freight rate for a 50,000 mt plus/minus 10% iron ore cargo from Paradip to China assessed at $16.20/mt Jan. 26, the highest since S amp 38 P Global Platts launched the assessment in mid 2014. The time c....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-5d-18h-36m ago
The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped for the fifth session in a row on Thursday, as rates waned for capesize and panamax vessel segments. The Baltic dry index, tracking rates for capesize, panamax and supramax ves....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-5d-18h-36m ago
Chinese iron ore futures dropped nearly 5% on Thursday, logging the biggest percentage loss in four weeks, as weak pre holiday downstream steel consumption and a government call for less steel output this year weighed on the steelmaking raw material. The China Iron and Steel Association said the cou....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-5d-18h-37m ago
Fortescue Metals Group on Thursday reported a 4.7% jump in iron ore shipments in the second quarter from the first, as global miners benefit from soaring demand in top steel producer China. The average price the company received for its iron ore during the quarter rose a whopping 60.5% to $122 per d....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-5d-18h-37m ago
Hundreds of thousands of tonnes of Kazakh flaxseed, sunflower and wheat have been stuck for months at the Chinese border due to COVID 19 restrictions, and much of it could rot away before the bottleneck is cleared. China introduced new import regulations in November to try to prevent the further spr....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-5d-22h-37m ago
Argentina is looking for ways to ensure ample domestic wheat supplies without resorting to shutting down exports, a top official said on Wednesday, as farmers fretted about possible state intervention in the markets. The government, worried about food price inflation, recently tried to limit corn ex....
Hellenic Shipping Dry Bulk Market News
Published 3y-9mo-3w-5d-22h-37m ago
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 3y-9mo-3w-6d-18h-36m 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 3y-9mo-3w-6d-18h-37m 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 3y-9mo-3w-6d-22h-36m 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 3y-9mo-4w-18h-36m 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 3y-9mo-4w-18h-37m 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 3y-9mo-4w-1d-2h-47m 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 3y-9mo-4w-1d-6h-37m 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 3y-9mo-4w-1d-18h-36m 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 3y-9mo-4w-1d-18h-37m 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 3y-9mo-4w-1d-22h-36m 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 3y-9mo-4w-2d-2h-47m 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 3y-9mo-4w-2d-6h-36m 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 3y-9mo-4w-2d-18h-36m 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 3y-9mo-4w-2d-18h-37m 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 3y-9mo-4w-2d-22h-36m 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 3y-10mo-1d-18h-36m 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 3y-10mo-1d-18h-37m 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 3y-10mo-2d-2h-47m 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 3y-10mo-2d-18h-36m 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 3y-10mo-2d-18h-36m 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 3y-10mo-2d-18h-36m 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 3y-10mo-2d-18h-37m 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 3y-10mo-2d-22h-37m 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 3y-10mo-3d-2h-46m 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 3y-10mo-3d-6h-37m 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 3y-10mo-3d-18h-36m 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 3y-10mo-3d-18h-36m 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 3y-10mo-3d-18h-36m 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 3y-10mo-3d-18h-36m 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 3y-10mo-3d-18h-37m 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 3y-10mo-4d-6h-37m 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 3y-10mo-4d-18h-36m 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 3y-10mo-4d-18h-36m 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 3y-10mo-4d-18h-37m 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 3y-10mo-4d-18h-37m 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 3y-10mo-4d-18h-37m 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 3y-10mo-5d-6h-36m 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 3y-10mo-5d-18h-36m 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 3y-10mo-5d-18h-37m 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 3y-10mo-6d-2h-37m 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 3y-10mo-6d-6h-37m 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 3y-10mo-6d-6h-37m 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 3y-10mo-6d-18h-36m 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 3y-10mo-6d-18h-36m 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 3y-10mo-6d-22h-36m 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 3y-10mo-1w-1d-18h-36m 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 3y-10mo-1w-1d-18h-36m 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 3y-10mo-1w-1d-18h-36m 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 3y-10mo-1w-1d-18h-37m 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 3y-10mo-1w-2d-6h-37m 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 3y-10mo-1w-2d-18h-36m 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 3y-10mo-1w-2d-18h-36m 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 3y-10mo-1w-2d-18h-37m 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 3y-10mo-1w-3d-18h-36m 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 3y-10mo-1w-3d-22h-37m 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 3y-10mo-1w-3d-22h-37m 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 3y-10mo-1w-4d-6h-37m 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 3y-10mo-1w-4d-6h-37m 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 3y-10mo-1w-4d-18h-36m 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 3y-10mo-1w-4d-18h-36m 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 3y-10mo-1w-4d-18h-37m 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 3y-10mo-1w-4d-22h-37m 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 3y-10mo-1w-4d-22h-37m 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 3y-10mo-1w-5d-18h-36m 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 3y-10mo-1w-5d-18h-37m 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 3y-10mo-1w-6d-6h-37m 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 3y-10mo-1w-6d-18h-36m 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 3y-10mo-1w-6d-18h-37m 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 3y-10mo-1w-6d-18h-37m 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 3y-10mo-2w-1d-18h-36m 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 3y-10mo-2w-1d-18h-36m 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 3y-10mo-2w-1d-18h-36m 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 3y-10mo-2w-2d-18h-36m 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 3y-10mo-2w-2d-18h-37m 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 3y-10mo-2w-3d-18h-36m 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 3y-10mo-2w-3d-18h-37m 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 3y-10mo-2w-3d-18h-37m 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 3y-10mo-2w-4d-18h-36m 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 3y-10mo-2w-4d-18h-37m 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 3y-10mo-2w-4d-18h-37m 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 3y-10mo-2w-4d-18h-37m 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 3y-10mo-2w-5d-2h-36m 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 3y-10mo-2w-6d-6h-37m 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 3y-10mo-2w-6d-18h-37m 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 3y-10mo-3w-2d-18h-37m 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 3y-10mo-3w-2d-18h-37m 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 3y-10mo-3w-3d-18h-37m 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 3y-10mo-3w-4d-6h-37m 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 3y-10mo-3w-4d-18h-36m 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 3y-10mo-3w-4d-18h-37m 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 3y-10mo-3w-4d-18h-37m 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 3y-10mo-3w-5d-18h-37m 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 3y-10mo-3w-5d-22h-36m 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 3y-10mo-3w-6d-6h-36m 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 3y-10mo-3w-6d-18h-37m 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 3y-10mo-3w-6d-18h-37m 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 3y-10mo-3w-6d-18h-37m 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 3y-10mo-4w-6m 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 3y-10mo-4w-2d-18h-36m 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 3y-10mo-4w-2d-18h-37m 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 3y-10mo-4w-2d-18h-37m 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 3y-10mo-4w-2d-18h-37m 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 3y-11mo-18h-36m 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 3y-11mo-18h-36m 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 3y-11mo-22h-36m 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 3y-11mo-22h-37m 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 3y-11mo-1d-6h-37m 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 3y-11mo-1d-18h-36m 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 3y-11mo-2d-6h-37m 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 3y-11mo-2d-18h-36m 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 3y-11mo-2d-18h-37m 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 3y-11mo-3d-6h-36m 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 3y-11mo-3d-6h-37m 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 3y-11mo-3d-6h-37m 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 3y-11mo-3d-18h-36m 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 3y-11mo-3d-18h-36m 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 3y-11mo-3d-18h-37m 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 3y-11mo-5d-18h-36m 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 3y-11mo-5d-18h-36m 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 3y-11mo-6d-18h-36m 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 3y-11mo-6d-18h-37m 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 3y-11mo-1w-6h-37m 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 3y-11mo-1w-6h-37m 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 3y-11mo-1w-18h-36m ago
