The IMO 2020 sulfur regulations that take effect in three weeks’ time are starting to redefine the choice of bunkering ports and impact the cargo-carrying capacity of dry bulk ships, according to freight market participants. A large number of dry bulk carriers trading in the Asia-Pacific have...
Dry Bulk Market
Baltic index dips to 2-week low on weaker capesize demand
The Baltic Exchange’s main sea freight index fell for a sixth-straight session on Wednesday, as demand for capesize vessels fell. The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, dropped 68 points, or 4.5%, to a two-week low of 1,460....
https://www.hellenicshippingnews.com/baltic-index-dips-to-2-week-low-on-weaker-capesize-demand/
China’s imports of major commodities show accelerating trend
The growth rate of China’s imports of major commodities has accelerated in recent months, indicating Beijing’s stimulus efforts may be bearing fruit and that the impact of its trade dispute with the United States may not be as bad as feared. On the surface, China’s imports of major commodities in...
https://www.hellenicshippingnews.com/chinas-imports-of-major-commodities-show-accelerating-trend/
China buys 10 US soybean cargoes amid quota talk ahead of Dec 15 tariff deadline
US soybean trades into China surged late Monday amid market talk that the Chinese government had released a fresh round of import quotas for US soybeans as a gesture of goodwill ahead of the December 15 deadline for increased US tariffs on Chinese goods, market sources said Tuesday. Around 10...
India could become net importer of iron ore next year
Talk about an own goal. India, the fourth-largest iron ore producer in the world, could become a net importer next year, Cogencis reported recently. In the April-September period this year, India imported 900,000 tons of iron ore and exported 17.18 million tons partly, due to an oversupply in the...
https://www.hellenicshippingnews.com/india-could-become-net-importer-of-iron-ore-next-year/
Globus Maritime Limited Expects Volatile, but Rising Dry Bulk Market Moving Forward
Globus Maritime Limited, a dry bulk shipping company, yesterday reported its unaudited consolidated operating and financial results for the quarter and nine-month period ended September 30, 2019. Management Commentary “During the third quarter we experienced a short-term spike in the spot market...
Dry Bulk Market: US Farm Income on Pace to Reach Highest Level in Six Years
Extremely noteworthy to us is that the United States Department of Agriculture recently announced that US net farm income this year will climb to its highest level since 2013. This is very significant as US farmers are not faring nearly as poorly as many pundits and media outlets continue to often...
China buys U.S. soybeans after Beijing issues new tariff waivers – traders
Chinese soy importers on Monday bought at least five bulk cargo shipments of U.S. soybeans, or about 300,000 tonnes, for shipment in January and February after Beijing offered the buyers at least 1 million tonnes in new tariff waivers, U.S. exporters said. The fresh allotment of tariff waivers,...
Dry Bulkers in Demand
Ship owners are closing their final deals of the year both in the newbuilding, but also in the S&P market, with bulkers in high demand. In its latest weekly report, shipbroker Banchero Costa said that “last week was rich of transactions in the dry bulk sector, especially for Handy and Supramax...
Copper concentrate sails smoothly amid Chilean unrest
Chile has been facing severe unrest for more than a month now, with a state of emergency declared in some parts of the country and curfew imposed in many regions. Although the country is slowly returning to normalcy after the National Congress of Chile agreed to reform the constitution, businesses...
https://www.hellenicshippingnews.com/copper-concentrate-sails-smoothly-amid-chilean-unrest/