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...
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/
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/
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/
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...
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/
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/
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...
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 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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