Robust demand for Australian wheat is quickly filling up shipping slots as importers book cargoes in advance from typically the world’s fourth-largest exporter ahead of what is expected to be a second year of near record output. The country’s ports are fully booked right up to the end of December...
China’s soybean oil prices hit a near 10-year peak this week on tight supply and robust demand, lifting key soybean crushing margins to six-month highs despite sustained weak demand for soymeal from China’s battered hog sector. The most actively traded soybean oil futures on Dalian Commodity...
China’s thermal coal futures plunged on Friday and turned in their worst week in five months, following Beijing’s strongest intervention in years to boost supply and cool runaway prices of the commodity amid a widespread power crunch. The most-traded contract on Zhengzhou Commodity Exchange, for...
Capesize The Capesize market was under pressure across all routes most of time this week. The 5TC and BCI showed a minimal sign of improvement mid-week, but closed on a much weaker note on Friday. Despite the presence of all the miners in the market for the first time since early October, the west...
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-comes-under-pressure/
The Baltic Exchange’s dry bulk sea freight index registered its worst day in nine months on Friday, as capesize rates faltered. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell 243 points, or 5.2%, to 4,410. The index logged a weekly loss of...
https://www.hellenicshippingnews.com/baltic-index-sees-worst-day-since-january-as-capesizes-tumble/
NTPC plants will use 1 MT imported coal, and the tender for the remaining volume has been floated on behalf of the power plants of Damodar Valley Corporation (DVC), jointly owned by the Centre and the state governments of Jharkhand and West Bengal. State-run power generation company NTPC has...
https://www.hellenicshippingnews.com/ntpc-invites-2-million-tonne-coal-import-tender/
China’s soybean imports from Brazil fell 18% in September from a year earlier, customs data showed on Wednesday, as poor crush margins limited demand. The world’s top buyer of soybeans brought in 5.936 million tonnes of the oilseed from Brazil last month, down from 7.25 million in the corresponding...
https://www.hellenicshippingnews.com/chinas-sept-soy-imports-from-brazil-fall-18-y-y-on-flat-demand/
The Baltic Exchange’s dry bulk sea freight index slipped to its lowest in almost a month on Thursday, as rates for the capesize vessel segment fell. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell 98 points, or 2.1%, to 4,653. The capesize index...
https://www.hellenicshippingnews.com/baltic-index-slips-to-one-month-low-as-capesize-rates-weaken/
Newbuilding ordering activity has continued apace, with more orders being placed last week, especially for dry bulk carriers. In its weekly report, shipbroker Clarkson Platou Hellas said that “in tankers this week, Dalian Shipbuilding announced taking order for a firm 115k dwt Aframax tanker from...
https://www.hellenicshippingnews.com/bulkers-and-containers-in-high-demand/
The Baltic Exchange’s dry bulk sea freight index gained on Wednesday, after falling for eight straight sessions, supported by higher rates across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose by 37 points, or 0.8%, to...