China’s economy

Rise In Baltic Index On Strong Capesize

Credit: Jan-Rune Smenes Reite/Pexels
  • Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes carrying commodities such as iron ore and coal, increased $1,039 to $20,807.
  • Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, lost $62 to $13,450.
  • The challenging outlook for the world’s top steel producer weighed on the steel making ingredient’s benchmark price in Singapore.

The Baltic Exchange’s main sea...

https://mfame.guru/rise-in-baltic-index-on-strong-capesize/

China’s New Silk Road To Benefit From Suez Closure

China’s New Silk Road To Benefit From Suez Closure, says an article on Jamestown.

The Suez Canal incident

On March 23, the 240,000-ton, 1,312 feet long (399 meters) Panama-flagged MV container ship Ever Given, drawing 47 ft 7 in (14.5 meters) and carrying 20,000 containers from China’s Yantian International Container Terminal in Shenzhen, Guangdong Province bound for Rotterdam, accidentally grounded its bow on the Suez Canal’s eastern bank while transiting northwards from the Red Sea. It...

https://mfame.guru/chinas-new-silk-road-to-benefit-from-suez-closure/

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