Amid the carnage of Monday’s crude oil and equity markets routs, news of China’s relatively robust imports of major commodities in the first two months of the year went under the radar but perhaps should have garnered attention. The strength in China’s commodity imports came even as Beijing shut...
U.S. soybean shipments have rebounded from last year’s trade war-fueled lull, but recent volumes and sales are well off normal levels and February exports were alarmingly low, raising concerns for the rest of the 2019-20 season. The United States exported 5.32 million tonnes of soybeans in January,...
The Baltic Exchange’s main sea freight index on Wednesday hit its highest in more than a month, lifted by an uptick in rates for capesize and supramax vessels. The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, rose 4 points, or 0.6%, to...
Chinese iron ore futures ended flat after a volatile session on Wednesday, as hopes for an improvement in demand for the steelmaking raw material were offset by worries over the rapid global spread of the coronavirus. Iron ore on the Dalian Commodity Exchange erased early gains to close unchanged...
https://www.hellenicshippingnews.com/china-iron-ore-ends-flat-as-virus-fears-temper-demand-optimism/
India’s thermal coal imports rose 12.6% to nearly 200 million tonnes in 2019, government data reviewed by Reuters showed, reflecting the second straight year of growth in shipments of the fuel despite attempts by the government to cut imports. Coal is among the top five commodities imported by...
Pilbara Ports Authority has delivered a total monthly throughput of 49.7 million tonnes (Mt) for the month of February 2020. This throughput was a 9% decrease compared to the same month in 2019. The total throughput for the 2019/20 financial year to date is 461Mt, an increase of less than 1% from...
https://www.hellenicshippingnews.com/port-of-hedland-iron-ore-exports-down-by-1-in-february-13/
Scorpio Bulkers Inc. announced that the Company has entered into agreements with unaffiliated third parties to sell the SBI Jaguar and SBI Taurus, 2014 and 2015 built Ultramax vessels, respectively, and the SBI Bolero, a 2015 built Kamsarmax vessel, for approximately $53.5 million in aggregate....
SMM estimates that there were 67 vessels carrying 11.61 million mt of iron ore arrived at major Chinese ports during March 1-7, up 1.93 million mt from the week ended February 29 and up 790,000 mt from the same period a year earlier. During the same period, iron ore deliveries leaving Australian...
The Baltic Exchange’s main sea freight index rose on Tuesday, helped by strong demand for capesize and supramax vessels. The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, rose 11 points, or 1.8%, to 627. The capesize index gained 25...
https://www.hellenicshippingnews.com/baltic-index-gains-on-stronger-capesize-supramax-rates/
Many new ore carriers have joined the world fleet in recent years, extending a rising trend in this bulk carrier category. Fleet expansion has been especially notable in the top segment of the ore carrier size range. During 2020 and next year numerous newbuildings are scheduled for delivery. The...
https://www.hellenicshippingnews.com/sparkling-growth-in-the-ore-carrier-fleet/