Indonesia’s chief economic minister Airlangga Hartarto said coal exports this year had reached 232.3 million tonnes by October, or only around 58.8% of the full-year target due to slower demand amid the coronavirus pandemic. In comparison, the government has targetted 395 million tonnes export this...
https://www.hellenicshippingnews.com/indonesia-coal-exports-at-232-3-mln-t-by-october-minister/
Following years of disruption to US soya bean exports due to the US-China trade war, the first seven weeks of the 2020/2021 marketing year, which runs from 1 September to 31 August, have seen the strongest exports ever. By 15 October, 11.4 million tonnes of soya beans had been exported by the US,...
Scorpio Bulkers Inc. reported its results for the three months ended September 30, 2020. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share on the Company’s common shares. Share and per share results included herein have been...
https://www.hellenicshippingnews.com/scorpio-bulkers-inc-reports-net-9-month-loss-of-206-4-million/
Following a year of ups and downs in 2019, dry bulk operators were fully geared to meet the challenges of IMO 2020 fuel regulation, a global anti-pollution initiative that would greatly lower sulfur emissions from high-sulfur fuel. Operators chose one of two options – either burn low-sulphur fuel,...
https://www.hellenicshippingnews.com/dry-bulk-chartering-strategy-who-fared-better/
The Baltic Exchange’s main sea freight index, which tracks rates for capesize, panamax and supramax vessels, rose on Tuesday, on higher rates across larger vessel segments. The Baltic index rose 11 points, or 0.8%, to 1,413. The capesize index gained 37 points, or 1.7%, to 2,244. Average daily...
https://www.hellenicshippingnews.com/baltic-index-rises-on-higher-capesize-panamax-rates/
The impact of COVID-19 in the dry bulk market could be assymetrical in terms of its timing in demand and freight rates. In its latest weekly report, shipbroker Allied Shipbroking said that “a month or so ago, many were still holding out hope for something promising to emerge during the final...
https://www.hellenicshippingnews.com/dry-bulk-market-to-face-assymetrical-impact-from-covid-19/
The Baltic Exchange’s main sea freight index, which tracks rates for capesize, panamax and supramax vessels, fell on Monday, on lower rates for capesize vessels. The Baltic index fell 13 points, or 0.9%, to 1,402. The capesize index fell 54 points, or 2.4%, to 2,207. Average daily earnings for...
https://www.hellenicshippingnews.com/baltic-index-edges-lower-on-weaker-capesize-rates-2/
China is expected to continue buying grains at a faster-than-expected pace in the coming months as the country looks to meet its internal demand and ensure stable domestic reserves in the backdrop of uncertain market factors like food supply scare and trade tensions, according to analysts. China’s...
India’s coal import rose 11.6 per cent to 19.04 million tonnes in September on account of a recovery in consumption by thermal power plants and other industries as also helped by competitive prices in international markets. The country imported 17.06 million tonnes (MT) of coal in September 2019,...
Seaborne metallurgical coal prices have fallen sharply since China moved to temporarily halt Australian coal imports in early October as the implied surplus weighing on the global market in the fourth quarter is priced in. Chinese steelmakers have been obliged to quickly seek alternative supply, and some are trying to resell their cargoes. However, the …
The post Analysis: China’s import halt of Australian met coal could come at a cost to Chinese steelmakers first appeared on Hellenic Shipping...