The spike before the slump? Australian coal exports to China soar in May

Australia’s coal exporters are bracing for a slump in shipments to China, making it somewhat ironic that May is likely to be the strongest month in nearly two years for Chinese imports from Down Under. Traders are expecting that China’s coal imports may fall in coming months amid moves by Beijing...

https://www.hellenicshippingnews.com/the-spike-before-the-slump-australian-coal-exports-to-china-soar-in-may/

Vietnam, China demand aids Asia’s dry bulk shipping despite COVID-19

Asia’s dry bulk shipping market has found support from robust coal demand from Vietnam and China as well as plentiful iron ore flows to China, despite COVID-19 pulling down consumption in other pockets, Vivek Kumar, managing director of Western Bulk Pte Ltd. told S&P Global Platts in an interview....

https://www.hellenicshippingnews.com/vietnam-china-demand-aids-asias-dry-bulk-shipping-despite-covid-19/

Global Economy’s Rebound Will Determine Shipping’s Turnaournd as Well

As various governments around the world are gradually shaping their stimulus and policies to jolt their economy, the shipping industry is eagerly waiting for them to take effect and translate into a growth in global trade. In its latest weekly report, shipbroker Intermodal said that “earlier in...

https://www.hellenicshippingnews.com/global-economys-rebound-will-determine-shippings-turnaournd-as-well/

Star Bulk Carriers Corp. Expects Negative Impact in Trade Volumes to be Concentrated on the First Half of 2020

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, yesterday announced its unaudited financial and operating results for the first quarter ended March 31, 2020. Petros Pappas, Chief Executive Officer of Star Bulk, commented: “COVID-19 caused an...

https://www.hellenicshippingnews.com/star-bulk-carriers-corp-expects-negative-impact-in-trade-volumes-to-be-concentrated-on-the-first-half-of-2020/

Golden Ocean Group Reports First Quarter Net Loss of $160.8 Million, as Dry Bulk Market Collapses

Golden Ocean Group Limited, a leading dry bulk shipping company, announced its results for the quarter ended March 31, 2020. Highlights ▪ Net loss of $160.8 million, including non-cash adjustments of $125.6 million, for the first quarter of 2020. ▪ Adjusted EBITDA of $12.3 million for the first...

https://www.hellenicshippingnews.com/golden-ocean-group-reports-first-quarter-net-loss-of-160-8-million-as-dry-bulk-market-collapses/

Brazil’s May to-date soybean exports jump 33% on month to 12.24 mil mt

Brazil’s soybean exports jumped 33% month on month to 12.24 million mt in the first three weeks of May, latest foreign trade department data showed on May 25. The falling Brazilian real, which has lost over 40% of its value since January, has boosted the price competitiveness of Brazilian soybeans....

https://www.hellenicshippingnews.com/brazils-may-to-date-soybean-exports-jump-33-on-month-to-12-24-mil-mt/

Dry Bulk Shipping: No Quick Recovery For The Dry Bulk Market As Covid-19 Digs Deeper

The outlook is poor for dry bulk, as the negative demand shock and overcapacity come together to send rates to multi-year lows, even a return to work in China is not enough to support the market. Demand drivers and freight rates The dry bulk shipping market has had an appalling start to the year,...

https://www.hellenicshippingnews.com/dry-bulk-shipping-no-quick-recovery-for-the-dry-bulk-market-as-covid-19-digs-deeper/