Dry Weekly Market Monitor: Cyclone Disruptions Hit Australian Iron Ore Exports

The sharp decline in Australian dry bulk flows in early 2025, as depicted in the data, can be directly linked to the severe disruptions caused by Cyclones Sean and Zelia. These extreme weather events led to temporary port closures, infrastructure damage, and halted mining operations, particularly...

https://www.hellenicshippingnews.com/dry-weekly-market-monitor-cyclone-disruptions-hit-australian-iron-ore-exports/

Rising rates across all segments push Baltic index to near one-month high

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, jumped to a near one-month high on Wednesday, helped by gains across all vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping...

https://www.hellenicshippingnews.com/rising-rates-across-all-segments-push-baltic-index-to-near-one-month-high/

Star Bulk Carriers Corp. Reports Net Profit of $42.4 Million for the Fourth Quarter of 2024

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced its unaudited financial and operating results for the fourth quarter of 2024 and the year ended December 31, 2024. Unless otherwise indicated or unless the context requires otherwise,...

https://www.hellenicshippingnews.com/star-bulk-carriers-corp-reports-net-profit-of-42-4-million-for-the-fourth-quarter-of-2024/

China’s January, February iron ore imports to slide as cyclones hit Australian supply

Iron ore imports to top consumer China for the first two months of 2025 are set to slide as weeks of tropical cyclones and bad weather in major producer Australia hit shipments, according to analysts. Imports of the key steelmaking ingredient in January and February are forecast to be at least 10%...

https://www.hellenicshippingnews.com/chinas-january-february-iron-ore-imports-to-slide-as-cyclones-hit-australian-supply/

Dry Bulk Shipping Experiences a 56% Drop in Capesizes Since November

With seasonality playing a big part, dry bulk shipping freight rates have taken a significant hit over the past few months. In its latest weekly report, shipbroker Xclusiv said that “the dry bulk freight market has experienced significant declines in rates across various vessel sizes since November...

https://www.hellenicshippingnews.com/dry-bulk-shipping-experiences-a-56-drop-in-capesizes-since-november/