Baltic index posts biggest weekly rise in 2 months as vessel rates firm

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...

https://www.hellenicshippingnews.com/baltic-index-posts-biggest-weekly-rise-in-2-months-as-vessel-rates-firm/

China’s Oct. Soy Imports From U.S. Slump Due To Weak Demand, Hurricane

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...

https://www.hellenicshippingnews.com/chinas-oct-soy-imports-from-u-s-slump-due-to-weak-demand-hurricane/

Dry Bulk Carriers Still In Demand Despite Recent Market Downside

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...

https://www.hellenicshippingnews.com/dry-bulk-carriers-still-in-demand-despite-recent-market-downside/

Australia’s reliance on China buying lots of our iron ore puts us right where Beijing wants us

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...

https://www.hellenicshippingnews.com/australias-reliance-on-china-buying-lots-of-our-iron-ore-puts-us-right-where-beijing-wants-us/

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