The Baltic Exchange’s dry bulk sea freight index hit its lowest in over five weeks on Thursday, dragged down by declining rates across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 67 points, or 3.2%, to 2,061 points. The...
The dry bulk market has been a mixed bag in terms of performance over the past few weeks, although it should be said that the start of the second quarter of 2022 has been positive so far. In its latest weekly report, shipbroker Allied Shipbroking noted that “the dry bulk sector continued on its...
https://www.hellenicshippingnews.com/dry-bulk-market-a-mixed-bag-so-far/
A utility owned by India’s richest state Maharashtra is reviewing four bids received in a tender to supply two million tonnes of imported coal and expects to finalise details next month, it told Reuters on Thursday. The Maharashtra State Power Generation Co Ltd (Mahagenco) said it had received bids...
Indonesia and Australia, among the world’s top coal exporters, have hit their production limits and are unlikely to meet Europe’s demand for additional supplies if the European Union bans Russian coal imports, mining executives said. The European Commission proposed on Tuesday new sanctions against Russia over its invasion of Ukraine, including a ban on buying …
The post Indonesia, Australia face limits in coal exports to Europe ahead of Russian ban first appeared on Hellenic Shipping News...
Star Bulk Carriers Corp. , a global shipping company focusing on the transportation of dry bulk cargoes, today announced the signing of a joint letter of intent to establish a consortium to assess the development of an iron ore Green Corridor between Australia and East Asia, led by the Global...
The Baltic Exchange’s dry bulk sea freight index hit its lowest level in more a month on Wednesday, as rates declined across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 85 points, or 3.8%, to 2,128 points. The capesize...
Benchmark iron ore futures in China jumped 4% on Wednesday, hitting their highest level in more than eight months, as trading resumed after the Tomb Sweeping Festival holidays. The most-active iron ore futures on the Dalian Commodity Exchange DCIOcv1, for September delivery, rose as much as 4.1% to...
The Baltic Exchange’s dry bulk sea freight index on Tuesday fell for a ninth consecutive session, on a dip in rates across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 94 points to 2,213 points. The capesize index fell 172...
https://www.hellenicshippingnews.com/baltic-index-falls-for-9th-day-as-vessel-rates-retreat/
The Baltic Exchange’s dry bulk sea freight index fell for an eighth consecutive session on Monday, pulled down by lower rates in all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 50 points to 2,307 points. The panamax index...
https://www.hellenicshippingnews.com/baltic-index-down-for-8th-day-on-decline-in-vessel-rates/
Capesize The Capesize market fared little better this week to begin with. However, by Friday green shoots were beginning to emerge as the 5TC saw a low of $13,596 yet closed at $15,460. The Atlantic basin remains the Achilles heel of the market with poor levels of cargoes to tonnage available as...
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-improves/