Australia posted the biggest monthly trade surplus in history on the back of record iron ore exports, as the economy continued to rack up new markers in its rebound from last year’s deep recession. The Australian Bureau of Statistics said the trade balance of goods and services was a record $10.1...
https://www.hellenicshippingnews.com/iron-ore-exports-buoy-record-trade-surplus/
Shipping shouldn’t get too carried away by the bullish sentiment which is prevalent in the commodities markets these days, amid talk of a new “super-cycle”. Sustainability of demand is of paramount importance when it comes to maintaining an upward momentum in the freight market. In its latest...
https://www.hellenicshippingnews.com/freight-market-vs-commodities-rally-a-match-made-in-heaven/
Amidst the rapidly improving sentiment for the whole dry bulk shipping market, February witnessed multi-year record breaking performance for the smaller asset classes of Supramax and Handysize bulkers. BSI 10TC routes broke the US$20,000/d mark for the first time in a decade (rising nearly...
https://www.hellenicshippingnews.com/sp-frenzy-supercharged-by-handy-supramax-rates-environment/
The Baltic Exchange’s main sea freight index touched its highest level since mid-January on Thursday, driven by higher panamax and supramax vessel rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was up 16 points, or 0.9%, to...
China’s demand for soybeans has slowed down in recent days amid prolonged negative net crush margins, market sources said March 3. Crushers in China, the world’s largest soybean and pork consumer, have been reluctant to purchase beans shipments as demand for soymeal-based animal feed has plummeted...
https://www.hellenicshippingnews.com/negative-crush-margin-slows-chinas-soybean-demand-sources/
The Baltic Exchange’s main sea freight index climbed on Wednesday to its highest level since mid-February, on stronger rates across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 90 points, or 5.4%, to 1,763,...
https://www.hellenicshippingnews.com/baltic-index-up-at-near-2-week-peak-on-buoyant-rates/
China’s coal consumption is expected to continue rising in 2021 despite Beijing’s pledges to boost the use of clean energy and curb greenhouse gas emissions, the China National Coal Association said on Wednesday. China, the world’s biggest coal consumer, saw overall consumption of the fossil fuel...
https://www.hellenicshippingnews.com/chinas-coal-consumption-seen-rising-in-2021-imports-steady/
The Baltic Exchange’s main sea freight index gained on Tuesday, snapping a four-session run of losses, helped by stronger rates in the capesize and panamax vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was up 22...
https://www.hellenicshippingnews.com/rising-rates-help-baltic-index-snap-losing-streak/
India’s coal import registered a drop of 11.59 per cent to 180.84 million tonnes (MT) in the first 10 months of the ongoing fiscal. The company had imported 204.55 MT of coal in April-January period of the previous fiscal year, according to provisional data compiled by mjunction services. mjunction...
The Baltic Exchange’s main sea freight index dipped to its lowest since mid-February on Monday as rates for the larger capesize segment fell for the eighth straight session. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 24...
https://www.hellenicshippingnews.com/sliding-capesize-rates-drag-baltic-index-to-near-2-week-low/