The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, on Wednesday snapped a six-day winning streak as capesize vessel rates fell. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 53...
https://www.hellenicshippingnews.com/baltic-index-falls-as-capesize-loses-momentum/
What a year 2020 has been so far! January ushered in the widespread, but not worldwide, availability of Low Sulphur Fuel Oil for ships’ bunkers. INTERCARGO joined with other international shipping organisations in assisting our industry to make this challenging transition successfully, focusing on...
https://www.hellenicshippingnews.com/intercargo-2020-is-the-most-challenging-year-in-decades/
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a fifth straight session on Tuesday to its highest in more than a year on higher rates across larger vessel segments. The overall index, which factors in rates for capesize, panamax,...
Known assumptions could be a wrong guide, when it comes to assessing the dry bulk market’s direction during the final quarter of the year. In its latest weekly report, shipbroker Allied Shipbroking said that as we enter the fourth quarter of the year, “many are now debating to what extent we can...
The price of iron ore is increasingly poised between a recovery in supply from exporters and still-robust demand from top importer China on the back on stimulus spending driving steel consumption. The return of supply, particularly from number two shipper Brazil, would in normal circumstances be a...
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest in more than a year on Monday as demand for larger capesize and panamax vessels grinds higher. The overall index, which factors in rates for capesize, panamax, supramax and...
https://www.hellenicshippingnews.com/baltic-index-at-over-1-year-high-on-demand-for-larger-vessels/
The Capesize market entered the fourth quarter on a bullish note with the key Brazil to China freight rate at a year-to-date high as iron ore demand from China continues to boom. S&P Global Platts assessed the Tubarao-Qingdao rate for 170,000-mt (plus/minus 10%) iron ore cargoes, at $23/wmt on Oct....
Capesize Firm trading activity this week has pushed the Capesize 5TC up and over the $30000 level, reaching near new highs for the year. With the momentum and excitement in the market seen closing out the week there looks to be more to come. The Pacific basin, with China and Korea on public...
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-rally-ahead-of-chinese-holiday/
Brazilian iron ore exports increased 18.5% in September compared to the same period last year, to 37.86 million tonnes, after Vale increased the pace of production. The volume shipped last month is the biggest since December 2015, when Brazil exported a monthly record of 39.5 million tonnes,...
https://www.hellenicshippingnews.com/iron-ore-exports-from-brazil-hit-highest-level-since-2015/
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to over one-year high on Friday as rates for capesize vessels surged on higher iron-ore demand. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping...
https://www.hellenicshippingnews.com/baltic-index-scales-over-1-year-high-on-robust-capesize-demand/