The US will likely surpass Ukraine as China’s top source of corn this year for the first time since 2015, as China’s corn imports from the US continue to grow amid increasing demand, soaring prices and the China-US phase one trade agreement, experts said on Sunday. Since March 2020, corn prices...
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, advanced on Monday, supported by improved demand for capesize vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 60 points, or 2.9%, at 2,145,...
https://www.hellenicshippingnews.com/higher-capesize-rates-lift-baltic-index-to-2-week-high/
The dry bulk market is enjoying its best annual start in a decade, thanks to a big rise in demand and supply chain disruptions. In its latest report, shipbroker Allied Shipbroking said that “with the first quarter of the year having come to a close, we can already see the exuberant aftermath of the...
https://www.hellenicshippingnews.com/dry-bulk-market-in-best-annual-start-in-a-decade/
Pilbara Ports Authority has delivered a total monthly throughput of 62.5 million tonnes (Mt) for March 2021. This throughput was a two per cent decrease compared to the same month in 2020. The Port of Port Hedland achieved a monthly throughput of 47.4Mt of which 46.7Mt was iron ore exports. This...
India and Indonesia have emerged as key beneficiaries of a Chinese ban on Australia’s coal exports which is expected to further shift global trade in the fuel used for power generation and steelmaking this year. Australia, the world’s biggest coal exporter, will continue to benefit from growing...
As we have discussed in the previous freight rate forecast publications, there has been upside risk for our last assumption for near-term freight forecast, specifically for sub-Panamax grain tonnages, owing to (a) unusual high congestion, (b) strong coal employments with record low cold weather in east Asia, and (c) forward grain cargo covering tonnage demand …
Capesize The Capesize market continued this week with its constant and relatively steady improvement in rate values. The Capesize 5TC lifted 4,058 over the shortened post Easter holiday week to $23,911. While the Transpacific C10 remains the premium paying basin at $27,221, the Atlantic Basin C8...
https://www.hellenicshippingnews.com/dry-bulk-market-steady-improvement-the-norm/
The Baltic Exchange’s main sea freight index slipped on Friday, but ended higher for the first week in three on stronger capesize vessel rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was down 3 points, or 0.1%, at 2,085. The index was up 0.6% this week....
https://www.hellenicshippingnews.com/baltic-index-logs-weekly-gain-on-buoyant-capesize-rates/
Today, Friday, April 09 2021 , the Baltic Dry Index decreased by 3 points, reaching 2085 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2085-down-3-points/
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, eased on Thursday as weaker panamax and supramax rates outweighed a rise in the larger capesize segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels,...
https://www.hellenicshippingnews.com/baltic-index-dips-on-lower-panamax-supramax-demand/