Pilbara Ports Authority has delivered a total monthly throughput of 63.2 million tonnes (Mt) for June 2021. This throughput was a decrease of seven per cent compared to the previous June. The Port of Port Hedland achieved a monthly throughput of 50.8Mt, of which 50.4Mt was iron ore exports. This...
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped its four-session falling streak on Monday as the capesize index bounced back. The index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 20 points, or...
Discount levels for lower-quality medium-grade fines, such as MAC Fines and Jimblebar Fines, narrowed as Chinese mills became more cost-conscious amid subdued steel margins, according to spot trades tracked by S&P Global Platts. Chinese steel margins tumbled in the second half of May, as downstream...
https://www.hellenicshippingnews.com/buying-picks-up-for-lower-quality-medium-grade-iron-ore-fines/
Capesize The Capesize market endured a week of eroding value across all regions as the 5TC lowered $2,430 week on week to settle at $28,572. While the Pacific’s West Australia to Qingdao C5 route closed out Friday up 25 cents to $10.841, appetite from major charterers in the spot market on this...
https://www.hellenicshippingnews.com/dry-bulk-market-loses-steam/
Iron ore has been in a bull market for more than two years, and it’s not about to end soon, according to Goldman Sachs. “It would be wrong to say that the bull market for iron ore, you know, is on the cusp of ending,” said Nicholas Snowdon, head of base metals and bulks research …
The post Iron ore...
China’s electricity consumption, a key barometer of economic activity, expanded by 9.8 percent in June, year-on-year, as the country’s economy recovers, official data showed. Total power use came in at 703.3 billion kWh last month, the National Energy Administration (NEA) said. In June, power...
https://www.hellenicshippingnews.com/chinas-power-use-up-9-8-in-june/
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, slid on Friday and snapped five straight weekly gains on weakening vessel demand. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 34 points,...
https://www.hellenicshippingnews.com/baltic-index-posts-first-weekly-fall-in-six-on-weak-demand/
Today, Friday , July 16 2021 , the Baltic Dry Index decreased by 34 points, reaching 3039 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-3039-down-34-points/
In its latest weekly report, shipbroker Allied Shipbroking said that “undoubtedly, we are amidst one of the best rallies seen for many years now in the dry bulk sector, with many market participants already anticipating a similar trend to take place during the 2nd half of the year. Both market...
https://www.hellenicshippingnews.com/optimism-takes-center-stage-in-the-dry-bulk-market/
The Baltic Exchange’s main sea freight index fell to its lowest level in a month on Thursday as lower demand weighed, with the panamax index declining for a ninth consecutive session. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels that carry dry bulk...
https://www.hellenicshippingnews.com/baltic-index-hits-a-months-low-on-weaker-demand/