The Baltic Exchange’s main sea freight index (.BADI), tracking rates for ships carrying dry bulk commodities, edged down on Monday as rates dropped for capesize and panamax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 3...
https://www.hellenicshippingnews.com/baltic-index-edges-lower-on-weaker-rates-for-larger-vessels/
Chinese rebar futures slipped on Monday after reaching an eight-session high in the previous session, as traders opted to wait and see if the fragile pace of a recovery in demand for the construction material can be sustained this week. Prices of iron ore and other steelmaking inputs in China, the...
https://www.hellenicshippingnews.com/shanghai-rebar-slips-on-fragile-china-demand-recovery/
European seaborne thermal coal demand is projected to increase 14% or 12 million metric tonnes (Mt) this year to 98 Mt as it grapples with the current energy crisis. But this will be a short-lived bump and provide no significant opportunities to expand existing coal infrastructure, as global demand...
https://www.hellenicshippingnews.com/14-increase-in-european-coal-demand-to-be-short-term-trend/
Capesize The market continued to lurch its way upward as rates strengthened in flurries with numerous drawdowns along the way. The 5TC closed the week at $18,293 with strong positive sentiment remaining. The Atlantic had several fixtures out of Eastern Canada that shocked the fronthaul market into...
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-keep-rebounding/
India’s thermal coal imports from Russia are expected to fall for the first time in four months in September, two research consultancies said, potentially resulting in lower revenues for Moscow at a time it is mobilising more troops to fight in Ukraine. Indian consultancy Coalmint expects September...
In its latest weekly report, shipbroker Banchero Costa said that “so far in 2022, global coal trade has been a bit of a mixed picture. In the January to August period of 2022, total global seaborne coal loadings increased by +2.2% y-o-y to 784.9 mln t, from 767.7 mln t in the first 8 months …
https://www.hellenicshippingnews.com/chinas-coal-imports-disappointing-so-far-in-2022/
The Baltic Exchange’s main sea freight index (.BADI), tracking rates for ships carrying dry bulk commodities, fell on Wednesday pressured by declines in capesize and panamax rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 26 points, or...
https://www.hellenicshippingnews.com/capesize-panamax-drag-baltic-dry-bulk-index-lower/
A surging dollar and the supply-chain bottlenecks are cutting the competitive edge for United States farmers in the soybeans global market, to the benefit of Brazilian farmers, according to US Department of Agriculture data. In most years through 2020, it was almost twice as expensive for China,...
The Baltic Exchange’s main sea freight index (.BADI), tracking rates for ships carrying dry bulk commodities, edged up on Wednesday as capesize and supramax vessel segments gained. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 17 points, or...
https://www.hellenicshippingnews.com/baltic-dry-bulk-index-edges-up-as-capesize-supramax-gains/
China’s soybean imports from Brazil plunged in August from a year ago, customs data showed on Tuesday, as high prices capped purchases of the oilseed from the South American nation. Imports from smaller suppliers such as Uruguay and the United States both increased, however. China, the world’s...
https://www.hellenicshippingnews.com/chinas-soybean-imports-from-brazil-plunge-in-august-customs/