There has been much talk in recent weeks and months about Chinese coal policy, particularly with regard to imports from Australia, after anecdotal evidence suggest Chinese importers have been told to shun Australian thermal coal. But what does the data say? Chinese coal imports were certainly down...
Amid the latest ugly flare-up of harsh words and lowbrow politics between China and Australia, the main trade between the two countries of iron ore sails on seemingly unaffected. After a brief easing of tensions between the nations, political temperatures returned to boiling point recently as a...
The Baltic Exchange’s main sea freight index fell to a one-week low on Wednesday as rates dropped across all vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, slipped by 10 points, or 0.8%, to 1,201, its lowest since Nov. 25. The capesize index...
https://www.hellenicshippingnews.com/baltic-index-hits-one-week-low-on-weaker-vessel-rates/
A wage strike by grains inspectors and oilseed workers that had halted activity at some Argentine grains ports was scheduled to end early on Wednesday morning after what will have been 24 hours, a spokesman for one of the striking unions said late on Tuesday. The Urgara group representing grain...
The Baltic Exchange’s main sea freight index weakened on Tuesday as rates dropped across all vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, slipped by 16 points, or 1.3%, to 1,211. The capesize index lost 35 points, or 2.3%, to 1,487. Average...
https://www.hellenicshippingnews.com/baltic-index-dips-on-lower-vessel-rates/
China’s coking coal imports from Australia slumped in October to 1.53 million tonnes, or about 26% of its total imports of the fuel, customs data showed on Wednesday. That compared to a share of 30% in September and 78% in March, the highest level since at least 2018, according to Reuters’...
This overseas regulatory announcement is made by Jinhui Holdings Company Limited (the “Company”) in compliance with Rule 13.09 and 13.10(B) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part XIVA of the Securities and Futures Ordinance (Chapter 571...
The Baltic Exchange’s main sea freight index edged lower on Monday, marking its second straight month of declines, as rates fell for the capesize vessel segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was down by 3 points, or 0.2%, at 1,227, snapping a...
Lukewarm sentiment for Capesizes The strict Covid-19 containment measures and the stimulus packages China put forward in the wake of the pandemic in order to reignite its economy, seem to have played out well thus far. The country has showcased a rapid recovery, achieving a 4.9% annualised y/y growth in Q3, which is remarkable considering …
China plans to buy about US$1.5 billion (S$2 billion) of coal from Indonesia after agreeing to a new three-year supply pact, a move that has the potential to further weaken trade ties with rival supplier Australia. Indonesia will seek to raise coal exports to China from 2021 and aims to attract...
https://www.hellenicshippingnews.com/chinas-2b-coal-deal-with-indonesia-may-hit-australia/