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...
Dry Bulk Market
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...
China iron ore port stocks fell for 2 weeks
Inventories of iron ore across Chinese ports declined for a second straight week this week, as demand from the top steelmaking hub of Tangshan remained robust. SMM data showed that iron ore stocks across 35 Chinese ports decreased by 670,000 mt from a week ago to 113.5 million mt as of December 6,...
https://www.hellenicshippingnews.com/china-iron-ore-port-stocks-fell-for-2-weeks/
China’s November coal imports slump 19% month-on-month on port curbs
China’s coal imports plunged 19% in November from the previous month as tighter import rules at ports curbed shipments towards the year’s end. China, the world’s top coal importer, brought in 20.78 million tonnes of the fuel last month, data from the General Administration of Customs showed on...
China Soy Imports Rise to 3-Month High as U.S. Cargoes Cleared
Soybean imports by China rose to the highest level in three months after port congestion eased and more American beans cleared customs. China bought 8.28 million tons last month, the most since August, according to customs data released on Sunday.That’s up 34% from October and 54% from a year...
https://www.hellenicshippingnews.com/china-soy-imports-rise-to-3-month-high-as-u-s-cargoes-cleared/
Will 2020 Mark the Return of the Dry Bulk Market to Form?
With a couple of weeks still remaining for yet another year of a rollercoaster ride in the dry bulk market, analysts are pondering whether 2020 will be any better. In a recent report, Allied Shipbroking said that “the uncertainty witnessed this year in the iron ore trade has been extraordinary...
https://www.hellenicshippingnews.com/will-2020-mark-the-return-of-the-dry-bulk-market-to-form/
ABS Grants AIP to Deltamarin and GTT for Dual-Fuel Newcastlemax Design
ABS has granted Approval in Principle (AIP) to Deltamarin and GTT for a dual-fuel Newcastlemax bulk carrier design. Deltamarin, GTT and ABS have been cooperating on the development of this LNG-Fueled energy efficient Newcastlemax Bulk Carrier that is intended to meet current and future...
Dry Bulk Market: Capesizes on Healthy Ground
Capesize This week the Capesize market maintained healthy earnings, as an end of year surge took the Capesize 5TC back up to $25,202 by mid-week. This lift was predominately led in the Pacific, with strong trading activity from major iron ore charterers. With the steady flow of cargo in the Asia...
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-on-healthy-ground/
China November iron ore imports down for second month as top miners ship less
China’s iron ore imports fell for a second straight month in November, customs data showed on Sunday, as lower shipments from top miners in Australia and Brazil overshadowed firm demand for the steelmaking ingredient at mills. The world’s top steel producer brought in 90.65 million tonnes of iron...