The Baltic Exchange’s main sea freight index fell for a ninth-straight session on Monday, as the capesize index hit its lowest level in nearly six months. The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, dropped 40 points, or 3%, to...
Dry Bulk Market
China iron ore port stocks fell for 3 weeks
Inventories of iron ore across Chinese ports declined this week for a third straight week, lowered by stronger demand from the top steelmaking hub of Tangshan. SMM data showed that iron ore stocks across 35 Chinese ports decreased by 170,000 mt from a week ago to 113.33 million mt as of December...
https://www.hellenicshippingnews.com/china-iron-ore-port-stocks-fell-for-3-weeks/
China’s Thermal Coal-Derived Electricity Production Growth Has Again Exceeded Coal Production Growth
Data released today shows that China’s coal production totaled 334.1 million tons last month. This mark’s year-on-year growth of 6%. Also of note is that China’s thermal coal-derived electricity production totaled 432.5 billion kilowatt hours last month, which marks year-on-year growth of 7%....
Argentina’s new government hikes export taxes on disgruntled farmers
Argentina’s new government has hiked export levies on soy, wheat and corn, according to an official decree on Saturday, hitting farmers in the grains exporting nation to raise revenue needed to avoid default on a mountain of looming sovereign debt. Center-left Peronist Alberto Fernandez, who took...
Dry Bulk Market: Capesize Market Faces The Doldrums as 2019 Ends
Capesize It was one-way traffic for the Capesize market this past week, with all routes giving up value. While downward momentum may have slowed a touch by Friday, the Capesize 5TC took a trouncing, losing $5,702 to settle at an almost six-month low of $18,002. Fixing activity was solid throughout...
China: still reasons to be cheerful
China’s economy has been characterised by two key themes over the past two decades, but what will be the theme for the coming ten years? Exports was the key theme in the 2000s. China started that decade as a WTO outsider and grew to become the world’s biggest exporter by the end of it. Public …
https://www.hellenicshippingnews.com/china-still-reasons-to-be-cheerful/
Baltic index drops for eighth-straight session as capesize rates ease
The Baltic Exchange’s main sea freight index fell for an eighth-straight session on Friday, as rates for capesize vessels eased. The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, dropped 33 points, or 2.4%, to 1,355 — lowest since Nov....
Port Hedland: Iron Ore Exports Up to 43.8 Million Tonnes
Pilbara Ports Authority has delivered a total monthly throughput of 59.3 million tonnes (Mt) for the month of November 2019. This throughput was an 8% increase compared to the same month in 2018. The total throughput for the 2018/19 financial year to date is 291.5Mt, an increase of 2% from the same...
https://www.hellenicshippingnews.com/port-hedland-iron-ore-exports-up-to-43-8-million-tonnes/
China Iron Ore Imports Headed For Record Year Despite November Slip
China is heading for its 4th year in a row of iron ore imports topping 1 billion tonnes with non-Brazilian exporters – mostly in Australia – able to make up for the multi-million-tonne shortfall from Brazil’s Vale in the wake of the January 25 mine dam wall disaster. As well there were a series of...
Baltic index hits 2-week low on lower capesize rates
The Baltic Exchange’s main sea freight index fell for a seventh-straight session and hit an over two-week low on Thursday, weighed down by sluggish demand for capesize vessels. The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, dropped...
https://www.hellenicshippingnews.com/baltic-index-hits-2-week-low-on-lower-capesize-rates/