The Baltic exchange’s main sea freight index extended gains for a second straight session on Tuesday, helped by firmer rates for the panamax and supramax segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, increased by 14...
https://www.hellenicshippingnews.com/baltic-index-edges-higher-as-panamax-supramax-rates-increase/
In its latest weekly report, shipbroker Allied Shipbroking said that “these past two weeks we saw 4 kamsarmaxes and 1 handysize being added in the global dry bulk orderbook. The encouraging freight market performance during the last few months has overall boosted interest for newbuilding projects....
Seanergy Maritime Holdings Corp. announced today that it has taken delivery of the 176,387 dwt Capesize bulk carrier, built in 2013 by Mitsui Engineering & Shipbuilding Co., Ltd. in Japan, which was renamed M/V Flagship (the “Vessel”). The Vessel was subsequently financed through a leasing...
https://www.hellenicshippingnews.com/seanergy-announces-delivery-of-capesize-m-v-flagship/
China’s bulk commodity market reported growth expansion in April, industrial data shows. The China Bulk Merchandise Index, a gauge of the domestic bulk commodity market’s growth, stood above the boom-or-bust line of 100 percent at 103.3 percent last month, according to the China Federation of...
https://www.hellenicshippingnews.com/chinas-bulk-commodity-market-reports-growth-expansion/
The Baltic exchange’s main sea freight index rose on Monday, buoyed by an uptick in rates for all vessel segments. The Baltic dry index .BADI , which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose by 57 points, or nearly 1.8%, to 3,240. The capesize...
https://www.hellenicshippingnews.com/baltic-index-gains-on-higher-rates-across-vessels/
Depending on your viewpoint, China’s imports of major commodities in April were either a sign of the ongoing strength as the world’s second-largest economy continues its post-pandemic recovery – or early evidence of moderating demand. It all comes down to what basis of comparison is selected: the...
https://www.hellenicshippingnews.com/chinas-commodity-imports-present-increasingly-mixed-picture/
China’s soybean imports in April rose 11% from the same month a year earlier, boosted by the arrival of some delayed Brazilian cargoes, customs data showed on Friday. China, the world’s top importer of soybeans, brought in 7.45 million tonnes of the oilseed in April, up from 6.714 million tonnes a...
Iron ore exports from Australia and Brazil are always lower in the January-March quarter due to weather factors, but they were particularly weak in 2021 — and that tepid performance was compounded by a further decline in April. Australia’s Fortescue Metals Group shipped the same volume in calendar...
Capesize The Capesize market has been trading strongly at lofty levels this past week. The 5TC opened the week at $40,608, peaked at $44,817 mid-week before finally retracing to take a breather at $41,514. The market has been hiking higher since the beginning of April to reach levels not seen in...
https://www.hellenicshippingnews.com/dry-bulk-capesize-market-going-on-strongly/
China’s iron ore imports fell 3.5% in April from a month earlier, official customs data showed on Friday, as shipments to the world’s top iron ore consumer from major suppliers were disrupted by inclement weather. Arrival volumes of the steelmaking ingredient stood at 98.57 million tonnes last...
https://www.hellenicshippingnews.com/china-iron-ore-imports-dip-in-april-on-shipping-disruptions/