Seanergy Maritime Holdings Corp. announced that it has entered into definitive agreements with unaffiliated third parties for the purchase of a modern secondhand Capesize vessel and the sale of two Supramax drybulk vessels. The transactions are expected to be completed in the fourth quarter of...
Dry Bulk Market
Dry Bulk Market: Capesizes Impacted by Chinese Holidays
Capesize A stop-start market for the big ships with many expectations and few fulfilled. Holidays curtailed trading early in the week, but the C5 route regained some ground with rates in excess of the mid-$7.00s for 11 October onwards, although, bunker values also rose sharply last week. Owners...
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-impacted-by-chinese-holidays/
Globus Maritime Limited Reports Improved Financial Results on 41% Higher Charter Revenues
Globus Maritime Limited, a dry bulk shipping company, reported its unaudited consolidated operating and financial results for the six month period ended June 30, 2018. – In H1 2018, Total revenues increased by about 33% compared to H1 2017 . – In Q2 2018, Total revenues increased by about 20%...
‘Big Opportunity’ Looms for Canadian Soybeans in U.S.-China Spat
Canada, a relatively modest participant in the global soybean market, is poised to leap into the fray with a chance to boost exports to China, which has shunned shipments from the U.S. amid an escalating trade war. “There’s a big opportunity for Canadians to fill some of that void that we’re...
https://www.hellenicshippingnews.com/big-opportunity-looms-for-canadian-soybeans-in-u-s-china-spat/
Dry Bulkers’ Pricing Is About to Drop in Coming Weeks, as Buyers Are Offering Lower than Asking Prices
Shipowners looking to invest in the SnP market for dry bulk carriers have started to consistently offer lower than asking values for ships that may interest them, in a sign that asset prices could be set for a correction in the coming weeks, shipbroker Intermodal said in its latest weekly report....
US-China trade war winner: Brazil soybean exports
The ongoing U.S.-China trade war has been a good thing for Brazil’s soybean market. China, which uses one-third of the world’s soybeans, imported 89% of its soybeans from the U.S. and Brazil last year, according to the American Farm Bureau Federation. And since China has slapped a 25% tariff on...
https://www.hellenicshippingnews.com/us-china-trade-war-winner-brazil-soybean-exports/
China’s preference for long-term contracts affecting Indian iron-ore miners
Indian overseas shipment of high-grade iron-ore fines and lumps is facing significant risks as Chinese steel mills are increasingly looking at long term supply agreements. According to three miner-exporters based in the eastern Indian province of Odisha, the largest iron-ore producer in the...
FIMI seeks 30% duty on iron ore imports
The Federation of Indian Mineral Industries (FIMI) has urged the government to impose 30 per cent import duty on iron ore and iron ore pellets to protect the domestic miners. It also suggested providing incentives to boost exports for reducing the current account deficit. In a letter addressed to...
https://www.hellenicshippingnews.com/fimi-seeks-30-duty-on-iron-ore-imports/
Dry Bulk Market’s Fourth Quarter Rebound Not That Easy to Occur in 2018
As the dry bulk market has found a renewed sense of optimism since the second haf of 2016, the fourth quarter has proven to be a catapult for the industry’s further rebound. However, things aren’t that straightforward this time around. In its latest weekly report, Allied Shipbroking said that “we...
Coal freight rates face 20-40% hike from 2020 – WoodMac
Looming restrictions on shipping fuel sulphur content could see freight rates on seaborne coal routes rise by as much as 40% in 2020, consultancy Wood Mackenzie said on Thursday. “Coal companies relying on ocean transport should brace for increased voyage rates,” said Anthony Knutson, principal...
https://www.hellenicshippingnews.com/coal-freight-rates-face-20-40-hike-from-2020-woodmac/