The Baltic Exchange’s main sea freight index declined on Friday, marking a weekly drop on the back of weaker demand in the larger vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 22 points, or 1.3%, to 1,721 points, its lowest...
https://www.hellenicshippingnews.com/baltic-index-marks-weekly-dip-on-larger-vessel-weakness/
U.S. coal used for the steelmaking process has sold for more than double the price of U.S. coal used as a fuel for electricity generation in six of the last seven years, underscoring a historical trend. U.S. metallurgical coal, used primarily as a raw material in the steelmaking process,...
We expect the supply/demand balance to strengthen in 2024 and weaken in 2025. Supply is estimated to grow by 2-3% in 2024 and 1.5-2.5% in 2025, while demand is projected to grow by 2.5-3.5% in 2024 and stagnate in 2025. Overall, conditions in the dry bulk market should stay strong in 2024 but could...
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth consecutive session on Thursday, pressured by lower rates for the larger vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping...
https://www.hellenicshippingnews.com/baltic-index-down-for-4th-day-as-larger-vessel-rates-dip/
The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, declined for a third consecutive session on Wednesday, weighed down by weaker rates for the capesize vessel segment. The overall index, which factors in rates for capesize, panamax and supramax...
https://www.hellenicshippingnews.com/baltic-index-extends-losses-on-falling-capesize-rates/
According to the Capesize C3 South Atlantic overview provided in the image below, during the third week of April, there was a notable 4% decrease in ballast vessels bound for the South Atlantic, coupled with a significant surge of 72 vessels waiting to load. Analysis of forthcoming arrivals in the...
“In the first quarter of 2024, global iron ore shipments rose 3.8% y/y on expectation of strong Chinese steel production which, however, failed to materialise. Iron ore supply has grown faster than Chinese demand which could lead to weaker shipments ahead,” says Filipe Gouveia, Shipping Analyst at...
https://www.hellenicshippingnews.com/iron-ore-shipments-up-3-8-despite-weak-chinese-demand/
The Baltic Exchange’s dry bulk sea freight index extended declines on Tuesday and touched its lowest level in a week, hurt by a slide in capesize vessel rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 78 points, or 4.1%, to 1,804 points,...
https://www.hellenicshippingnews.com/baltic-index-hits-one-week-low-on-capesize-weakness/
China’s first quarter imports of iron ore and its domestic production of the steel raw material both rose strongly, but output of crude steel fell. This divergence sets up a dilemma that can be resolved in a number of ways, including lower iron ore imports, a boost to steel output or a sustained...
https://www.hellenicshippingnews.com/chinas-strong-iron-ore-imports-diverge-from-weak-steel-output/
The Baltic Exchange’s dry bulk sea freight index slipped on Monday as lower capesize rates offset gains in smaller vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 37 points, or 1.9%, to 1,882 points. The index was down for the...
https://www.hellenicshippingnews.com/baltic-index-dips-on-weaker-capesize-rates/