Baltic index jumps to 12-year high on higher rates across vessels

The Baltic Exchange’s main dry bulk sea freight index hit a 12-year high on Friday en route to its first weekly rise in three, propelled by gains across vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, gained 60 points, or 1.4% at...

https://www.hellenicshippingnews.com/baltic-index-jumps-to-12-year-high-on-higher-rates-across-vessels/

China looks to shift away from US for soybean amid slow export sales after Hurricane Ida

Chinese buyers are looking to shift away from the US to meet their soybean needs following slow US export sales after the Hurricane Ida hit New Orleans- a major grain export hub – late last month. Hurricane Ida led to suspension of operations and facility damages to major grain elevators in that...

https://www.hellenicshippingnews.com/china-looks-to-shift-away-from-us-for-soybean-amid-slow-export-sales-after-hurricane-ida/

Chinese coal imports from Australia drop 98.6% as restrictions bite

In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian coal have started to hurt, according to Oceanbolt. This represents a 98.6% drop compared with 56.8 million tonnes in the same period in 2020. In the...

https://www.hellenicshippingnews.com/chinese-coal-imports-from-australia-drop-98-6-as-restrictions-bite/

Strong demand across vessel segments powers Baltic index higher

The Baltic Exchange’s main dry bulk sea freight index rose for a fourth straight session on Tuesday, propelled by higher rates across vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose 58 points, or 1.4%, to 4,221, its highest in...

https://www.hellenicshippingnews.com/strong-demand-across-vessel-segments-powers-baltic-index-higher/

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