Newbuilding and used bulkers are the main trend in the shipping market these days. In its latest weekly report, shipbroker Allied Shipbroking said that “the Newbuilding market has started to build up a positive momentum week by week, with a robust flow of deals coming to light again this past week....
https://www.hellenicshippingnews.com/shipowners-stock-up-on-dry-bulk-carriers/
India’s coal import increased substantially by 35 percent to 21.1 million tonnes (MT) in September, as against 15.61 million tonnes in the corresponding month previous fiscal. The rise in imports comes at a time when the captive power plants in the country are grappling with the issue of coal...
https://www.hellenicshippingnews.com/indias-coal-import-rises-35-to-21-mt-in-september/
China’s commodity imports may get a shot in the arm from Beijing’s decision to ease credit conditions in the world’s second-largest economy, but it may not be as big a boost as followed prior monetary loosening. The People’s Bank of China on Sunday announced a steep 100 basis point cut in the level...
https://www.hellenicshippingnews.com/chinas-credit-loosening-may-not-do-much-for-commodity-demand/
Iron ore imports into the country zoomed 190 per cent to 6.34 million tonnes (mt) during April-August, the first five months of this financial year. Data from the Pellet Manufacturers Association of India (PMAI) show a projection of over 12 mt for the full year. In 2017-18, ore import was 8.6 mt,...
Capesize It was a surprising start to the week, with rates moving in some key areas despite a week of Asian holidays, although some moves were attributed to draft issues and rising bunker values. On the West Australia/China run rates for Dampier cargoes dropped under $8.00 the week before, jumping...
Asia Maritime Pacific and Fenwick Shipping Services are pleased to announce that the two companies have merged their operations. Asia Maritime Pacific is an international Handysize and minibulker owner and operator, headquartered in Hong Kong, with a fleet of over 40 modern dry bulk vessels...
China’s Ministry of Ecology and Environment has opened the door to a substantial increase in the use of coal for power production in the country’s northern provinces who will now be allowed to set their own winter output curbs for heavy industry. ‘Local authorities should carry out production cuts...
Australian coal exports from the key port of Newcastle declined 8.5% year on year in September to 8.6m tonnes amid production issues, port data showed. Shipments were also nearly 4% lower than in the previous month, while stocks declined by 40% over the course of the month to 1.2m tonnes. Recent...
https://www.hellenicshippingnews.com/newcastle-coal-exports-fall-8-5-in-september/
Exports from South America are helping the shipping industry to fend off the effects of the U.S.-China trade war, the chief of shipping information provider Baltic Exchange said in an interview. Mark Jackson, CEO of the 274-year-old London-based organization which is wholly owned by Singapore...
European farmers, particularly in France, will be the hardest hit if Russia succeeds in breaking into the fourth-biggest wheat importing market. France is currently the top supplier of wheat to Algeria, which buys huge amounts of grain to feed its population. But there’s growing speculation this...
https://www.hellenicshippingnews.com/europe-has-most-to-lose-from-russias-expanding-wheat-empire/