Dry Bulk Market Archives - Maritime Shipping News

‘Wishful thinking’: Why China needs Australian iron ore for ‘many years’ to come

13 June 2021

A “wintry period”. That’s what’s expected to happen to Australia’s economy “when” China stops or reduces its imports of Australia’s iron ore, according to Chen Hong, the director of the Australian Studies Centre at East China Normal University. Despite the frosty relationship between China and Australia that has led to trade restrictions imposed on several …

The post ‘Wishful thinking’: Why China needs Australian iron ore for ‘many years’ to come first appeared on Hellenic Shipping News Worldwide

https://www.hellenicshippingnews.com/wishful-thinking-why-china-needs-australian-iron-ore-for-many-years-to-come/

Iron ore exports from majors rise 8%, but some in catch-up mode: Platts Analytics

13 June 2021

Iron ore exports from major producers improved in May, but most miners will need to lift run rates over the second half of 2021 to meet their sales guidance, according to analysis using S&P Global Platts’ tradeflow software, cFlow, by Platts Analytics. Shipments from Rio Tinto, BHP, Vale, Fortescue...

https://www.hellenicshippingnews.com/iron-ore-exports-from-majors-rise-8-but-some-in-catch-up-mode-platts-analytics/

Capesize Market Bounces Back After Dismal Start to the Week

13 June 2021

Capesize The Capesize market leapt up in the latter part of the week, erasing most of the losses since the closing week of May. The Capesize 5TC opened the week with a relatively paltry $20,933, took some moderate losses early in the week to $19,845 before rebounding strongly to close out the week...

https://www.hellenicshippingnews.com/capesize-market-bounces-back-after-dismal-start-to-the-week/

Baltic index posts best week since February on gains across vessels

11 June 2021

The Baltic exchange’s main sea freight index rose on Friday and marked its first weekly gain in four, steered by strong gains across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, gained 188 points, or 7%, at...

https://www.hellenicshippingnews.com/baltic-index-posts-best-week-since-february-on-gains-across-vessels/

Around the world in seven shipping records

11 June 2021

The container and dry bulk shipping industries are breaking new records left, right and centre it appears, resulting in dry bulk owners enjoying unseasonably high profits, and container shipping carriers and tonnage providers delivering record high profits. In this piece, BIMCO will take a look at...

https://www.hellenicshippingnews.com/around-the-world-in-seven-shipping-records/

China inspects for coal hoarding at northern ports – sources

11 June 2021

China has sent officials to inspect coal inventories and crack down on illicit hoarding at ports, following a surge of physical coal prices and tight supplies in the market ahead of the peak consumption season. Officials conducted research at Caofeidian port and held meetings with port companies...

https://www.hellenicshippingnews.com/china-inspects-for-coal-hoarding-at-northern-ports-sources/

Baltic index jumps over 7% on higher rates across vessel segments

10 June 2021

The Baltic exchange’s main sea freight index jumped more than 7% on Thursday, propelled by strong gains across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, gained 188 points, or 7.6%, at 2,669. The capesize index...

https://www.hellenicshippingnews.com/baltic-index-jumps-over-7-on-higher-rates-across-vessel-segments/

Brazil’s imports of Argentine corn start to arrive

10 June 2021

The first shipments of Argentine corn have begun to arrive in Brazil to where a national crop failure, record high prices and high demand from the meat industry has made companies such as BRF Brasil Foods SA and JBS SA turn to imports. A shipment of about 35,000 tonnes landed at the end of May …

The...

https://www.hellenicshippingnews.com/brazils-imports-of-argentine-corn-start-to-arrive/

High-grade iron ore supply to struggle to meet demand as China decarbonizes: MI

10 June 2021

Strong iron ore prices have shown great resilience, with the sustainability of their rally attracting market attention. The S&P Global Platts 62% Fe index, IODEX, reached a record $233.1/dmt on May 12 driven by a resurgence in global demand, tightening supply and runaway steel prices. Although the...

https://www.hellenicshippingnews.com/high-grade-iron-ore-supply-to-struggle-to-meet-demand-as-china-decarbonizes-mi/

Australia needs to find new iron ore export markets

10 June 2021

Australia has good many reasons to diversify its iron ore exports, which totaled 600 million tons in 2020, as China’s iron ore imports are likely to be halved by 2030 as the scrap steel recycling industry in China expands rapidly, said a top executive of a German scrap steel recycling company. A...

https://www.hellenicshippingnews.com/australia-needs-to-find-new-iron-ore-export-markets/

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