Globus Maritime Limited, a dry bulk shipping company, reported its unaudited consolidated operating and financial results for the quarter and nine-month period ended September 30, 2020. As of September 30, 2020 the Total Assets of the Company were $76.4 million compared to $55.7 million as of...
Capesize The Capesize market continued its meandering behaviour this week as the 5TC opened at $12,712. It weakened throughout the week before reviving to close up Friday at $12,606. It was a varied market across the globe with some pockets of tightness having an overbearing effect on several...
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-again-livens-up-by-week-end/
The Baltic Exchange’s main sea freight index gained on Friday, but booked its first weekly loss in three as capesize vessel rates dropped. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, climbed by 8 points or 0.7%, to 1,197. The index weakened 2.7% this week....
Despite simmering tensions between the two nations, China’s insatiable appetite for iron ore is aiding Australia’s economic recovery and that demand is expected to sustain momentum into the next year. While China has blocked Australian lobster, beef, timber and more recently wines in their latest...
https://www.hellenicshippingnews.com/china-rattles-its-sabre-but-still-needs-aussie-ore/
China has begun importing Indian rice for the first time in at least three decades due to tightening supplies from Thailand, Myanmar and Vietnam and an offer of sharply discounted prices, Indian industry officials said. India is the world’s biggest rice exporter and China the biggest importer....
https://www.hellenicshippingnews.com/china-buys-first-indian-rice-in-decades-amid-scarce-supply/
We have known it all along; the bigger the bunker fuel consumption of the ship, the more likely it is that shipowners will choose an SOx scrubber as the tool to comply with the IMO 2020 sulphur cap. Whiles only three Handysize bulkers in total have been delivered from the newbuilding yards with a...
The Baltic Exchange’s main sea freight index fell on Thursday as rates weakened across all vessel segments, with a lower iron ore export outlook from a Brazilian miner weighing on the capesize segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, fell by 12...
https://www.hellenicshippingnews.com/baltic-index-dips-as-dour-brazilian-export-outlook-drags/
Australian coal exports face a GFC-style threat to their viability, one of the country’s top insolvency experts will claim as Chinese import restrictions, reduced demand and funding for renewables wipes out key markets. McGrathNicol’s chairman Jason Preston will on Tuesday say the escalation of China’s trade restrictions completes “a perfect storm” for coal exporters, as …
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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...