Russia has sold 26.3 million tons of wheat since the beginning of July 2020 through January 14 2021, marking a 22.6 percent surge against the same period a year ago, the latest data by the country’s agricultural ministry shows. Overall, grain exports have totaled 31.5 million tons since the...
Dry Bulk Market
Dry Bulk Market is Bound for a Sustainable Rebound
The dry bulk market’s fundamentals are edging towards an improvement, in favor of ship owners. In its latest weekly report, shipbroker Intermodal said that “while 2020 is finally behind us, its negative impacts are still hovering over the shipping market. That being said, it is still too early to...
https://www.hellenicshippingnews.com/dry-bulk-market-is-bound-for-a-sustainable-rebound/
Baltic Index Slips As Capesize Rates Weigh
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was down on Monday As weaker rates for the larger capesize segment offset gains in panamax and supramax vessels. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels...
https://www.hellenicshippingnews.com/baltic-index-slips-as-capesize-rates-weigh/
Iron ore exports to China drive up Australia’s trade surplus
Australia enjoyed its fourth-highest goods trade surplus on record in December, with exports jumping 16 per cent in the month. Preliminary international trade figures released by the Australian Bureau of Statistics on Monday show Australia recorded a $9 billion goods trade surplus in December, up...
https://www.hellenicshippingnews.com/iron-ore-exports-to-china-drive-up-australias-trade-surplus/
Strongest start of the year in the dry bulk market since 2014 supports KCC’s earnings
Strong global iron ore shipments, increasing Chinese coal imports and strong grain exports from US have fueled the dry bulk market at the start of 2021. Average Kamsarmax earnings over the first three weeks of 2021 has hit $14,100/day, the strongest start of the year since 2014. Head of Klaveness...
Ignore or enforce? Biden’s dilemma on China’s commodity purchases
President Joe Biden inherits a problematic trade deal with China and the unpalatable choices of trying to make Beijing meet its commitments on purchases of U.S. commodities, renegotiating, or simply ignoring China’s failure to meet the terms. The so-called Phase 1 trade agreement, signed in January...
https://www.hellenicshippingnews.com/ignore-or-enforce-bidens-dilemma-on-chinas-commodity-purchases/
Dry Bulk Market: Capesizes on a Roll
Capesize The Capesize market rocked and rolled these past few days. But by weeks end little had changed on the Capesize 5TC as it settled down -884 to $24,631. This was a positive difference of $733 to the beginning of the week. The market was not without plenty of activity as the Atlantic Basin...
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-on-a-roll/
Weekly US soybean net export sales double on week at 1.818 mil mt: USDA
US soybean weekly net export sales totaled 1.818 million mt for the 2020-21 marketing year during the week ended Jan. 14, up 100% on the week, according to the US Department of Agriculture data released Jan. 22. In addition to the strong sales for the current marketing year, sales for the upcoming...
Baltic index logs 6th straight week of gains
The Baltic Exchange’s main sea freight index posted its sixth consecutive weekly gain boosted by growth across all vessel segments, but it dipped on Friday due to lower capesize earnings. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities,...
https://www.hellenicshippingnews.com/baltic-index-logs-6th-straight-week-of-gains/
China’s soybean imports in 2021-22 likely to hit new high of 110 mil mt: Platts Analytics
China’s soybean imports in 2021-22 marketing year (October-September) is likely to exceed 110 million mt, hitting an all-time high, on sharper-than-expected hog and sow herd recovery from the African swine fever, according to S&P Global Platts Analytics. Even for 2020-21 marketing year, China’s soybeans import is expected to eclipse the US Department of Agriculture’s forecast …
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