Seaborne coal trade has reversed the downward trend of the past couple of years, with 2021 so far being in positive territory. In a recent weekly report, shipbroker Banchero Costa said that “2021 continues to see a steady but consistent recovery in coal demand and therefore also trade. In the first...
https://www.hellenicshippingnews.com/coal-seaborne-trade-on-the-rise-in-2021-as-new-routes-emerge/
The Baltic Exchange’s dry bulk sea freight index climbed on Friday, posting its biggest weekly gain since early October, steered by strong gains across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 89 points, or 3.3%, to its highest in...
China’s October soybean imports from the United States fell sharply from the previous year, customs data showed on Sunday, hit by poor demand and limited exports. China brought in 775,331 tonnes of U.S. soybeans in October, down 77% from 3.4 million tonnes a year earlier, according to data released...
The Baltic Exchange’s dry bulk sea freight index rose on Thursday, buoyed by gains for panamax and supramax vessels that countered a dip in rates for the larger capesize segment. The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 24 points, or 1%, to 2,678...
https://www.hellenicshippingnews.com/baltic-index-rises-as-smaller-vessels-lend-support/
Iron ore stretched a rally into a fifth straight session on Thursday, with the benchmark Dalian contract scaling a three-week high while spot prices rose above $100 a tonne, buoyed by improved sentiment towards China’s property sector. The most-traded January iron ore contract on China’s Dalian...
https://www.hellenicshippingnews.com/dalian-iron-ore-hits-3-week-peak-on-china-demand-optimism/
Ship owners are still rather active in the S&P market for dry bulk carriers. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, interest was once again vivid, despite the corrections noted in the freight earnings. Sentiment is robust and current rates are...
Australia’s careful and sensitive diplomacy with China took a sharp turn in a new direction last year at the height of the Covid-19 pandemic. Beijing’s secrecy and revelations of its bungled handling of the early outbreak, which plunged the entire world into chaos, saw pressure mount for action from the international community. Those calls for …
The post Australia’s reliance on China buying lots of our iron ore puts us right where Beijing wants us first appeared on Hellenic Shipping News...
The Baltic Exchange’s dry bulk sea freight index snapped four straight sessions of gains on Wednesday as a drop in capesize rates outweighed gains in the smaller vessel segments. The overall index, which factors in rates for capesize, panamax and supramax vessels, lost 61 points, or 2.3%, to 2,654...
https://www.hellenicshippingnews.com/baltic-index-ends-four-day-rally-on-capesize-weakness/
According to data tracked by SMM, 79 ships arrived at domestic main ports in November 15-21. Arrivals of cargoes are estimated to stand at 11.83 million mt, down 0.27 million mt from the previous week and down 2.69 million mt year on year. Shipments that departed Australian ports were estimated to...
The dry bulk market is looking for a steady course of late, as volatility seems to have established itself as the main trend. In its latest weekly report, shipbroker Allied Shipbroking said that “it is rather difficult to describe the current situation in the dry bulk sector, given the disarray...
https://www.hellenicshippingnews.com/dry-bulk-market-looking-for-a-clear-direction/