The China Iron and Steel Association (CISA) announced last week that it anticipates Chinese iron ore imports will increase this year by anywhere from 40 to 90 million tons. No forecast is ever guaranteed to play out to fruition, but it is noteworthy that such a large increase is now expected. In...
https://www.hellenicshippingnews.com/very-positive-signs-in-china-for-dry-bulk-market/
Iron ore exports from India are expected to decline by around 25% to 23.3 Mt in 2020 due to the coronavirus (Covid-19) outbreak and the subsequent closure of ports, shortage of workers and transport restrictions, which are severely disrupting the exports as well as the domestic supply, says...
The new coronavirus caused barely a blip in China’s imports of major commodities, but this likely underscores the ways China differs from the rest of the world, rather than providing a template for the globe’s recovery from the pandemic. China’s crude oil imports in March, the month when much of...
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Panamax dry bulk vessels, the...
INTERCARGO’s 2018–2019 Benchmarking Report is published during a time of much uncertainty in the dry bulk market. The Baltic Dry Index had reached a high above 1,770 points in August 2018, before retreating down to 600 points in February 2019. It then rose to a peak above 2,500 points in September...
The spot fixture activity in the Asia Pacific Panamax market for shipping dry bulk commodities such as thermal coal, metallurgical coal and iron ore plunged to lowest since January 2018, according S&P Global Platts data. The case in point is the key east coast Australia to east coast India sector —...
Brazilian soybean exports in 2019-20 crop year (September-August) could be unaffected by the coronavirus pandemic, as the world’s largest oilseed supplier has already sold 75% of the crop, according to market sources, with China the top buyer. With a strong harvest pace, Brazilian farmers have been...
India’s coal import in March stood at 15.74 million tonnes (MT), down 27.5 percent over last year, due to restrictions imposed at various ports in the wake of coronavirus outbreak in the country. The country had imported 21.72 MT of coal in March last year, according to a provisional compilation by...
Australia’s biggest trading partner is rebounding quickly from its encounter with the coronavirus and showing a strong appetite for Australian iron ore, says Rio Tinto iron ore boss Chris Salisbury. In a positive sign for Australia’s most lucrative export industries, Salisbury said a worrying surge...
https://www.hellenicshippingnews.com/rio-tinto-says-china-is-showing-growing-appetite-for-iron-ore/
Pilbara Ports Authority has delivered a total monthly throughput of 63.7 million tonnes (Mt) for the month of March 2020. This throughput was a 27% increase compared to the same month in 2019*. The total throughput for the 2019/20 financial year to date is 524.7Mt, an increase of 3% from the same...