The Baltic Exchange’s main sea freight index inched down on Thursday, falling for its 21st straight session, to an over eight-month low on lower demand across all vessels. The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, declined 1...
https://www.hellenicshippingnews.com/baltic-index-slows-slide-weaker-vessel-demand-persists/
The Baltic Exchange’s main sea freight index fell for the 20th straight session to a fresh over eight-month low on weaker demand across all vessels. The index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, declined 18 points, or 2.3%, to 773 points,...
https://www.hellenicshippingnews.com/baltic-index-extends-drop-on-lower-vessel-rates/
The Baltic Exchange’s main sea freight index fell for the 19th straight session to an over eight-month low on lower demand across all vessel segments. The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, declined 53 points, or 6.3%, to 791...
https://www.hellenicshippingnews.com/baltic-index-slides-for-19th-consecutive-session/
India’s iron ore exporters have asked the government to ease export duties so as to keep them competitive in the international export market vis-à-vis China. It complains that iron ore levied with the export duty of 30% makes it a no-contest against Chinese iron ore, which is readily available to...
Good news if you’re a shipper of coal, grain and iron ore: Ocean transport is once again looking cheap in 2020. Bad news if you’re an owner of a dry bulk carrier: Income at the very start of this year is even weaker for most ships than in early 2019 because fuel costs are much …
https://www.hellenicshippingnews.com/imo-2020-fallout-demand-slump-batter-dry-bulk/
The Baltic Exchange’s main sea freight index fell to its lowest level since April on Monday, weighed down by weaker vessel demand across all segments. The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, declined 63 points, or 6.9%, to 844...
https://www.hellenicshippingnews.com/baltic-index-falls-to-over-8-month-low-on-weaker-vessel-demand/
One of the major coal exporters, South Africa is now having to rely more on markets like the ones in the Indian Subcontinent, especially India, in a bid to find buyers for its product. South Africa hasn’t managed to penetrate Far East Asian markets, but it’s faring better in the Subcontinent, where...
https://www.hellenicshippingnews.com/dry-bulk-market-where-to-next-for-south-africas-coal-exports/
Iron ore imports plumetted 90 per cent (by volume) during the April-October period this fiscal as steel makers opted for domestic sourcing, amid escalating international prices. This is the lowest level of imports recorded in the past seven years, a study by CARE Ratings said. In the comparable...
Coal demand is increasingly moving towards the East, as European cargoes are gradually reducing. In a recent weekly report, shipbroker Banchero Costa said that “demand for coal continues to experience sharply differing fortunes in the Atlantic and Indo/Pacific basins. Whilst coal consumption...
https://www.hellenicshippingnews.com/europe-coal-imports-retreating-fast/
Capesize The New Year started with an erosion on pre-Christmas rates as the higher low sulphur fuel costs due to IMO 2020 affected levels. From Brazil the route is now assessed at close to $18.50, whilst from West Australia, several vessels were fixed at various levels which eventually settled at...
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-starts-on-the-wrong-foot/