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...

https://www.hellenicshippingnews.com/strongest-start-of-the-year-in-the-dry-bulk-market-since-2014-supports-kccs-earnings/

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/

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...

https://www.hellenicshippingnews.com/weekly-us-soybean-net-export-sales-double-on-week-at-1-818-mil-mt-usda/

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 …

The post China’s soybean imports in 2021-22 likely to hit new high of 110 mil mt: Platts Analytics first appeared on Hel...

https://www.hellenicshippingnews.com/chinas-soybean-imports-in-2021-22-likely-to-hit-new-high-of-110-mil-mt-platts-analytics/

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