Capesize At the beginning of the week, the Pacific market showed promising activity with healthy cargo volumes. However, despite this, conditions slightly weakened, and the Atlantic market remained subdued, as the week got underway. Nevertheless, as the week progressed, the Pacific market saw...
https://www.hellenicshippingnews.com/capesize-marketshowing-signs-of-improvement/
China’s iron ore imports in March rose about 0.5% from a year earlier, customs data showed on Friday, amid expectations that demand will pick up after the Lunar New Year holiday break as steelmakers typically ramp up production. The world’s largest iron ore consumer brought in 100.72 million metric...
The Baltic Exchange’s dry bulk sea freight index rose to a one-week high on Thursday, helped by higher rates for the capesize and panamax vessel segments. * The overall index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 103 points, or 6.5%, to 1,690...
https://www.hellenicshippingnews.com/baltic-index-hits-one-week-high-as-larger-vessel-rates-rise/
The first quarter of the year ended with a downward revision to the growth in tonne-days for iron ore flows from Brazil to the Far East, while there was a change to an upward revision from Africa. In the second week of April, we observed a decline in the Capesize Brazil to North China rates. …
https://www.hellenicshippingnews.com/dry-bulk-iron-ore-flows-to-the-far-east/
The U.S. Energy Information Administration (EIA) on Tuesday revised its April coal exports forecast downward by 33%, and lowered its view for May by 20% due to the collapse of the Francis Scott Key Bridge in Baltimore and resulting port closure. The EIA had expected U.S. coal exports to rise by...
The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a 14-session losing streak on Wednesday, helped by stronger capesize vessel rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by...
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced that it has completed its merger with Eagle Bulk Shipping Inc. (“Eagle”). Under the terms of the merger agreement, each Eagle shareholder received 2.6211 shares of Star Bulk common...
https://www.hellenicshippingnews.com/star-bulk-completes-merger-with-eagle-bulk/
China’s coal industry says it doesn’t expect imports to increase this year, but the evidence from the first quarter is that the appetite of the world’s biggest buyer remains ravenous. China’s imports of all grades of coal from the seaborne market were 97.43 million metric tons in the first quarter...
The dry bulk fleet has aged as a result of minimal scrapping activity of late. In its latest weekly report, shipbroker Xclusiv said that “during Q1 2024, a total of 1.77 million DWT of bulk carriers and tankers were demolished. This is increased compared to Q4 of 2023, when a mere 1.16 million DWT...
https://www.hellenicshippingnews.com/bulker-fleet-ageing-as-demolition-activity-slows-down/
The Baltic Exchange’s dry bulk sea freight index slipped to its lowest level in nearly two months on Monday, pressured by weaker rates across all vessel segments. The overall index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, shed 34 points or 2.1% to 1,594...
https://www.hellenicshippingnews.com/baltic-index-slips-to-near-2-month-low-on-weaker-vessel-rates/