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  • info lily-shipping
    Dear Sir Good day, We have the honor to welcome shipping companies, shipping agents, Ship management companies, Recruiting agents, honorable personality and related concerns to recruit Bangladeshi seafarers. Lily Shipping Limited day by day is emerging as a giant in the country’s maritime market providing world standard seafarers for the safe and secure operation of a wide range of ships worldwide. Bangladeshi seafarers are of relatively high standards in proficiency, hardworking and able to understand various languages up to the required standards. They are well behaved, obedient, trustworthy, nonalcoholic and possess a high moral courage. They are content with reasonable wages. Crew Manning All types of crew sourcing and recruitments. Crew Welfare Our Company is quite aware about the welfare of its crews. We have the required knowledge and experience about the maritime labor laws, Maritime labor Convention MLC 2006 and international labor law (ILO) as well. We concentrate not only on the welfare of the crew members but also their family prospects and necessities. We stay close and connected with the government semen and labor welfare directorate to ensure their rights and necessities. Your kind Co-Operation will be Highly Appreciated. Thanks
    2021-06-29 09:03:17
  • PortDA
    Hi Sabashipping this is new user enquiry for my good vessel
    2021-08-05 17:06:06
  • PortDA Admin
    hello agent
    2021-08-22 19:33:51
  • PortDA Admin
    hi
    2021-08-22 20:05:59
  • PortDA
    Hi this enquiry is for Saba Shipping
    2021-08-22 20:07:12
  • PortDA
    Hi this enquiry is for Saba Shipping
    2021-08-22 20:07:34
  • PortDA Admin
    test
    2021-08-22 20:16:13
  • PortDA Admin
    2021-08-22 20:24:48
  • PortDA Admin
    test
    2021-08-22 20:28:53
  • PortDA Admin
    hello sir
    2021-08-24 15:13:48
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    hello sir
    2021-08-24 15:16:47
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    test msg
    2021-08-24 15:45:35
  • PortDA Admin
    hi there
    2021-08-24 15:49:37
  • PortDA Admin
    ......
    2021-08-24 15:56:07
  • PortDA Admin
    12345
    2021-08-24 16:05:58
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    12345
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    retest
    2021-08-24 16:09:52
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    retest
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    test msg
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    hello
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  • bab al ugsa
    I would like to know more details
    2022-04-06 13:04:56
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Recent News

Buoyant rates lift Baltic index to near three-week high

The Baltic Exchange amp 8217 s main sea freightindex surged to its highest since late January on Tuesday asforward looking market sentiment lifted capesize rates, andsmaller vessel segments continued to firm. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1d-22h-42m ago

Baltic Dry Index climbs to 1495, up 131 points

Today, Tuesday , February 16 2021 , the Baltic Dry Index climbed by 131 points, reaching 1495 points. Baltic Dry Index is compiled by the London based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2d-6h-53m ago

Baltic index scales 2-week peak as capesizes snap losing streak

The Baltic Exchange amp 8217 s main sea freightindex climbed on Monday as capesize rates ended a 17 session runof losses and the panamax and supramax vessel segments achievedtheir highest levels since September 2019. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2d-22h-42m ago

Stars align for Australian wheat as Russia curbs exports, China stocks up

The tight availability of global wheat cargoes amid export restrictions in Russia, the world amp 8217 s largest wheat exporter, and Argentina is proving a silver lining for Australian grain suppliers as they finally emerge from three consecutive years of drought. Export restrictions coupled with un....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2d-22h-42m ago

Baltic Dry Index climbs to 1364, up 25 points

Today, Monday , February 15 2021 , the Baltic Dry Index climbed by 25 points, reaching 1364 points. Baltic Dry Index is compiled by the London based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the w....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3d-6h-53m ago

Capesize Market Quietens Down

Capesize The market was predictably quiet by the end of the week with many traders absent for the beginning of Chinese New Year. The Capesize 5TC registered a token drop of eight to settle at $10,304 as minimal trading was heard. It’s said to be a different story on the derivatives market where ru....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3d-22h-42m ago

Baltic index logs weekly gain as panamax, supramax rates rise

The Baltic Exchange amp 8217 s main sea freightindex edged up on Friday to mark its first weekly rise in three,as higher panamax and supramax vessel rates outweighed weaknessin the capesize segment. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry bulk ....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-5d-22h-42m ago

Baltic Dry Index climbs to 1339, up 26 points

Today, Friday , February 12 2021 , the Baltic Dry Index climbed by 26 points, reaching 1339 points. Baltic Dry Index is compiled by the London based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the w....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-6d-6h-53m ago

Baltic Index Edges Up As Panamax, Supramax Gain

The Baltic Exchange amp 8217 s main sea freightindex on Thursday gained after posting losses in the last threesessions, as strong gains in panamax and supramax vessel ratescountered a slide in the capesize segment. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels fe....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-6d-22h-42m ago

Hydrogen replacing coking coal – should owners of dry bulk ships take note?

The recent development of replacing coking coal with hydrogen in crude steel production has created a buzz that coking coal might soon be out of favour. For dry bulk operators this is a potentially negative development, but is this really the case Nippon Steel, which is the largest steel producing ....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-6d-22h-42m ago

Argentina defuses farm export tax hike fears after crunch talks

Argentina’s government has decided not to go ahead with proposals to hike taxes on farm exports or limit how much grain can be shipped abroad to curb rising food prices after warnings from farmers that they would protest the measures. “We can convey to our producers that there will be no increas....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-6d-22h-43m ago

Baltic Dry Index falls to 1313, down 4 points

Today, Thursday, February 11 2021 , the Baltic Dry Index decreased by 4 points, reaching 1313 points. Baltic Dry Index is compiled by the London based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-6h-52m ago

Surging shipments, China sales support higher U.S. corn exports from USDA

The slow start to the marketing year for U.S. corn exports had many industry participants doubting whether U.S. exporters could hit the record U.S. government prediction, especially after a massive string of sales to China at the end of January. But shipments have notably picked up in recent weeks, ....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-10h-43m ago

Baltic index extends fall as capesize rates keep slipping

The Baltic Exchange amp 8217 s main sea freightindex fell for a third straight session on Wednesday, as a slidein capesize rates continued to outweigh gains in the smallervessel segments. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry bulk commodities....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-22h-42m ago

Dalian iron ore hits three-week high on China demand hopes

Dalian iron ore jumped to its highest in three weeks on Wednesday and was set for a weekly gain of more than 5%, buoyed by hopes of improved demand for the steelmaking ingredient after the Lunar New Year holiday in China. Top steel producer China, home to the world amp 8217 s most liquid iron ore f....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-22h-43m ago

USDA sees China’s 2020-21 wheat imports reach 10 mil mt, a 25-year high

China is expected to import 10 million mt of wheat in 2020 21, led by higher usage in feed as it aims to continue balancing a widening gap between burgeoning demand and limited grain supplies at domestic levels, according to the US Department of Agriculture. If realized, China amp 8217 s imports in....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-22h-43m ago

Rising exports eat into already tight U.S. corn, soy stockpiles: USDA

Strong export demand will cut into already tight U.S. supplies of corn and soybeans by more than previously forecast, the U.S. Agriculture Department USDA said on Tuesday. If realized, the U.S. corn and soybean stockpiles would be the smallest in seven years before the next U.S. crop is harvested.....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-1d-2h-42m ago

Baltic index drops to near two-month low as capesizes extend fall

The Baltic Exchange amp 8217 s main sea freightindex dropped to its lowest in nearly two months on Tuesday, ascapesize vessel rates fell for a 14th consecutive session, offsetting a rise in panamax rates. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-1d-22h-42m ago

2.5m tonnes of US soya beans exported in containers in four months

In the first four months of the 2020/2021 US marketing year for soya beans which started on 1 September , 2.5m tonnes of soya beans were exported in containers, accounting for 6.3% of total exports, while 37.1m tonnes departed the US in dry bulk ships. Despite the record high containerised soya bea....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-1d-22h-42m ago

Russia approves formula-based grain export tax system

The Russian government approved a formula based export tax system for wheat, corn and barley that is designed to help combat domestic food price inflation. The system will come into force on June 2, according to an order signed by Prime Minister Mikhail Mishustin. Russia’s Economy Minister said la....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-1d-22h-43m ago

Chile copper export revenue up in January – cenbank

Chile amp 8217 s copper exports surged 9.3% in January, the central bank said, as the world amp 8217 s top producer of the red metal saw the value of its shipments buoyed by a rising global copper price. The jump in copper shipments, a vital source of export revenue for the South American mining g....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-2d-2h-43m ago

Baltic index dips to over 1-month trough as capesizes weigh

The Baltic Exchange amp 8217 s main sea freightindex dipped to its lowest in more than a month on Monday, aslosses in the capesize segment outweighed gains in panamax andsupramax vessel rates. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry bulk commod....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-2d-22h-42m ago

India’s coal import rises by 15% in December

The country amp 8217 s coal import rose by 15.1% to 23.63 million tonnes MT in December 2020 compared to 20.52 MT in the year ago month. Non coking coal imports were at 15.63 MT in December this fiscal against 14.21 MT in the same month last fiscal. Coking coal imports were at 5.36 MT against 4.4....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-2d-22h-43m ago

Iron ore futures advance in light pre-holiday trade

Iron ore futures rose on Monday, with China amp 8217 s benchmark contract extending a run of strong gains for a third session, buoyed by a positive demand outlook for the steelmaking ingredient in the world amp 8217 s top steel producer. However, trading in iron ore spot and futures thinned as Chi....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-2d-22h-43m ago

U.S. 2020 Farm Good Exports To China Miss Phase 1 Trade Goal – USDA

The United States exported $28.75 billion of agricultural goods and related products to China in 2020, data from the U.S. Department of Agriculture showed on Friday, missing the $36.5 billion targeted under the Phase 1 trade deal. Beijing and former U.S. President Donald Trump signed the deal in Jan....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-3d-6h-43m ago

Baltic Dry Index falls to 1317, down 5 points

Today, Monday, February 08 2021 , the Baltic Dry Index decreased by 5 points, reaching 1317 points. Baltic Dry Index is compiled by the London based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the w....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-3d-6h-53m ago

Australia exports 2.5 mil mt of wheat in Dec, record volume to China: source

Australia shipped 2.5 million mt of wheat in December 2020, up 173% from December 2019, according to data obtained by S amp 38 P Global Platts from a market source Feb. 5. A crop turnaround from three consecutive drought years to the second largest wheat production ever, estimated at 31.2 million m....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-3d-10h-43m ago

China replaces Australian iron ore, coal imports with African alternatives

Just about one year after Scott Morrison amp 8217 s government decided to further sour China Australia ties by calling for a weapons inspector style investigation into COVID 19 amp 8217 s origins while China was in the midst of containing the novel coronavirus, Chinese ports are beginning to recei....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-3d-10h-43m ago

Dry Bulk Market: Is the Rally Over?

Capesize The market began to meet increased resistance to the recent slide in rates as the week progressed. With talk of a floor being found to provide some stability, it was heard that forward markets reacted positively. The north Atlantic basin was the big mover this past week with the Transatlant....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-3d-22h-42m ago

Brazil: Delay in soybean harvesting

In February, the Brazilian ports line up indicates that soybeans shipments will reach around 8.5 million tons. But reaching such a volume won amp 8217 t be easy, especially because the harvest in Brazil the largest producer and exporter of the commodity is delayed, bringing huge logistical challe....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-3d-22h-43m ago

Russia to impose floating tax on wheat exports from June 2

Russia on Feb. 4 confirmed it will impose a amp 8220 floating tax amp 8221 on its wheat and other grain exports starting June 2. The move adds to the trade measures earlier taken by the government, including an export quota that will come into effect from Feb. 15. The amp 8220 floating tax amp....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-3d-22h-43m ago

Baltic index down for second week as capesize rates slip

The Baltic Exchange amp 8217 s main sea freight index fell for a second straight week, despite recovering slightly on Friday, as rates for the larger capesize vessel segment weakened. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-5d-22h-42m ago

China iron ore futures rise on post-Lunar New Year demand optimism

China amp 8217 s iron ore futures vaulted to a one week high on Friday, buoyed by expectations of improved demand for the steelmaking raw material after the Lunar New Year holiday. Iron ore on China amp 8217 s Dalian Commodity Exchange DCIOcv1 ended daytime trading 4.2% higher at 1,004.50 yuan $1....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-5d-22h-43m ago

Australia: Iron-ore, gold and copper set export records

New data by the Australian Bureau of Statistics ABS has revealed record high export revenue from iron ore, gold and copper in 2020. The ABS revealed that Australia’s resources exports, including minerals, metals and energy commodities, in 2019 generated A$270 billion in export revenue for the ec....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-5d-22h-43m ago

Argentina does not rule out an increase in grains export taxes – media

The Argentine government has not ruled out the possibility of increasing taxes on food exports as part of its effort to control high inflation, the president’s Deputy Chief of Staff Cecilia Todesca said in a local radio interview. Consumer prices in the grains exporting country rose by more than 3....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-5d-22h-43m ago

Baltic index flat as panamax gains offset capesize losses

The Baltic Exchange amp 8217 s main sea freight index that tracks rates for ships carrying dry bulk commodities was unchanged on Thursday, as higher rates for panamax vessels countered losses in the capesize and supramax segments. The Baltic dry index, which tracks rates for capesize, panamax and s....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-6d-22h-42m ago

China’s buying to keep US corn prices firm, stocks tight

China amp 8217 s record purchases of US corn in the recent weeks are expected to further deplete US corn stocks, signaling corn prices will remain firm over the next few months, analysts said. US corn prices, currently hovering at over seven year highs of around $5.5 per bushel, could touch $6/bu i....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-1w-6d-22h-42m ago

Russia’s permanent grain export mechanism will start on April 1 – minister

Russia, one of the world’s largest wheat exporters, is preparing a permanent grain export mechanism and plans to launch it on April 1, economy minister Maxim Reshetnikov told a meeting with President Vladimir Putin on Thursday. Putin said that there was also a need to prepare a mechanism for suppo....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-2h-43m ago

Road block protests disrupt Argentine grains export operations

Argentine agricultural exports were disrupted on Wednesday as truckers blocked roads around the Buenos Aires ports of Bahia Blanca and Quequen and authorities cleared roads near the main export hub of Rosario. Concern over the road blocks still meant reduced numbers of cargoes arrived at Rosario, ra....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-2h-43m ago

Baltic Dry Index falls to 1322, down 5 points

Today, Thursday, February 04 2021 , the Baltic Dry Index decreased by 5 points, reaching 1322 points. Baltic Dry Index is compiled by the London based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-6h-53m ago

China’s appetite for barley sucks in French and Canadian new crop

China amp 8217 s buying spree of French and Canadian barley is spilling into the 2021/22 crop with large forward purchases, due to its major feed grain needs and a prohibitive tariff on Australian barley, traders and analysts said. China has been sweeping up huge volumes of foreign crops to help fe....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-10h-43m ago

Baltic index dips for 9th session on lower rates across vessels

The Baltic Exchange amp 8217 s main sea freight index that tracks rates for ships carrying dry bulk commodities extended its losing streak to a ninth straight session on Wednesday, as rates eased across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax ves....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-22h-42m ago

Iron ore dilemma – Will China actually cut steel output?

China’s vast steel sector, and the iron ore industry feeding it, is grappling with a seemingly contradictory policy impulse that it should produce less this year, even as demand remains strong amid post pandemic stimulus spending. China produced a record 1.05 billion tonnes of steel in 2020, helpi....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-22h-43m ago

Argentine Grain Exports Hit By Trucker Protests At Some Ports

Argentine grains exports were disrupted by roadblocks set up by truckers around ports in Buenos Aires province, the CIARA chamber of export companies said on Tuesday. The pickets by drivers demanding lower taxes, tolls and fuel prices as well as set fee schedules to be paid by farmers for transporta....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-1d-2h-43m ago

Baltic Dry Index falls to 1327, down 53 points

Today, Wednesday, February 03 2021 , the Baltic Dry Index decreased by 53 points, reaching 1327 points. Baltic Dry Index is compiled by the London based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over t....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-1d-6h-53m ago

Baltic index at one-month low as capesize rates extend fall

The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped on Tuesday as rates for the capesize vessel segment slipped for a ninth straight session. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels fe....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-1d-22h-42m ago

Scorpio Bulkers Inc. Announces Financial Results for the Fourth Quarter of 2020, Declares a Quarterly Cash Dividend and Announces the Sale of Seven Vessels

Scorpio Bulkers Inc. reported its results for the three months ended December 31, 2020. The Company also announced that on January 29, 2021 its Board of Directors declared a quarterly cash dividend of $0.05 per share on the Company’s common shares. Share and per share results included herein have ....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-1d-22h-42m ago

China starts 2021 with robust imports of major commodities

China amp 8217 s imports of major commodities are expected to show strong growth in January data, a reflection more of short term factors, however, that are topping off a solid economic underpinning. Imports of crude oil, iron ore and coal are all expected to show gains from prior months, while liq....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-1d-22h-43m ago

Brazilian soybean harvest at slowest pace in a decade on incessant rains: AgRural

Brazil amp 8217 s soybean harvest for the 2020 21 marketing year February 2021 amp 8211 January 2022 has made the slowest progress in a decade as unrelenting rains hampered field activities, agricultural consultancy AgRural said. Soybean farmers in the South American nation had been able to ha....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-1d-22h-43m ago

Iron ore prices tumble on weak China pre-holiday demand

Iron ore prices tumbled on Tuesday, as market participants turned cautious ahead of a week long Lunar New Year holiday beginning on Feb. 11 in top steel producer China. The most traded May iron ore contract on China amp 8217 s Dalian Commodity Exchange ended daytime trading 5.6% lower at 933.50 yua....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-1d-22h-43m ago

Argentina farm exports rebound in January after strikes lifted

Argentina amp 8217 s farm exports rose 32.63% year on year in January after strikes and standoffs with unions had snarled shipments at the end of last year before agreements were struck, the CIARA CEC chamber of crushers and exporters said on Monday. The chamber, which brings together companies tha....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-1d-22h-43m ago

Baltic Dry Index falls to 1380, down 64 points

Today, Tuesday, February 02 2021 , the Baltic Dry Index decreased by 64 points, reaching 1380 points. Baltic Dry Index is compiled by the London based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-2d-6h-52m ago

Baltic index down at near four-week low on falling rates

The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships carrying dry bulk commodities, on Monday was down at its lowest since early January, as rates weakened across vessel segments. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-2d-22h-42m ago

Baltic Dry Index falls to 1444, down 8 points

Today, Monday, February 01 2021 , the Baltic Dry Index decreased by 8 points, reaching 1444 points. Baltic Dry Index is compiled by the London based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the w....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-3d-6h-52m ago

China’s US wheat purchases continue in latest week: USDA

China bought 130,000 mt of wheat from US sellers in the week ended Jan. 21, doubling on its purchases made in the previous week, according to latest data from the US Department of Agriculture, showing that China amp 8217 s interest in US wheat has not waned and imports are expected to continue in t....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-3d-10h-43m ago

Brazil Soy Exporters Face Logistical Stress, Potential Trucker Strike In February

Shipping schedules for Brazilian ports show soybean exports of some 8.5 million tonnes in February, a potential record for the month, but getting all that to port will be tough for trading firms grappling with harvesting delays and a potential trucker strike. Some associations representing independe....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-3d-10h-43m ago

Dry Bulk Market: Capesize Market Endures Week of Losses

Capesize The Capesize routes endured a week of slippage on rates, bringing the market back down to levels seen at the beginning of the month. Dropping 8,956 over the course of the week the Capesize 5TC settled at $15,675. The Atlantic Basin routes were the big movers with the Transatlantic C8, in p....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-3d-22h-42m ago

China goes on pricey U.S. corn shopping spree amid thin supply at home

China had been relatively quiet in the U.S. corn market since its record buying streak last summer, but a string of much more expensive bookings this week would seem to be proof of the country amp 8217 s dire need for the yellow grain. No one knows exactly how big China’s corn stockpiles are, but....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-3d-22h-43m ago

China’s Kingho ships first batch of iron ore from Sierra Leone’s Tonkolili mine

A ship carrying iron ore from west Africa’s Tonkolili mine set sail for China from the Port of Pepel in Sierra Leone on Friday, China’s official Xinhua news agency said. The shipment was the first export from the mine since Chinese firm Kingho Investment Co Ltd took over the project, Xinhua said....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-3d-22h-43m ago

Baltic index marks first weekly drop in seven on capesize weakness

The Baltic Exchange amp 8217 s main sea freight index dipped on Friday, notching its first weekly decline in seven, as the capesize vessel segment posted its worst week in eight months. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, dr....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-5d-22h-42m ago

Capesize rates plunge on low cargo demand; Pacific-Atlantic TCE spread widens

Capesize freight rates fell sharply with levels for voyages within the Pacific dropping more steeply than for trips out of the Atlantic, from the unseasonal highs registered during early January, dragged by low cargo demand and congestion at Chinese ports. The time charter equivalent TCE rate for ....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-5d-22h-42m ago

MOL Announces Integration of Dry Bulk Business and the Establishment of “MOL Drybulk Ltd.”

Mitsui O.S.K. Lines, Ltd. Friday announced that the name of its wholly owned subsidiary Mitsui O.S.K. Kinkai, Ltd. will be changed to amp 8220 MOL Drybulk Ltd. amp 8221 effective April 1, 2021 amp 8220 New Company amp 8221 . 1. New Company name and integration of the commercial activities As....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-5d-22h-42m ago

Australian Coal Trade Up Despite Chinese Woes

The value of Australia’s coal exports increased by 26% in the month of December, compared with November, despite the ongoing trade tensions with China. Data from the Australian Bureau of Statistics ABS has shown that coal exports were worth A$3.7 billion to the Australian economy in the month of....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-5d-22h-43m ago

Ocean Yield: Sale of dry bulk vessel

SBI Virgo is an ultramax dry bulk vessel built in 2017 and employed on a long term charter to Scorpio Bulkers Inc. In the charter contract, Scorpio Bulkers Inc. has an option to sell SBI Virgo to an unrelated third party, which has now been declared. Ocean Yield ASA will receive proceeds of about US....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-6d-6h-42m ago

China’s first recycled steel cargo arrives after doors reopen; jitters ease

The first cargo of recycled steel bought after China reopened its doors to ferrous scrap imports has arrived and been discharged, and initial market apprehension around whether it would pass customs inspections is easing. This is happening at a time when the arbitrage window for China to import is r....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-6d-10h-43m ago

Supramax rates in Indian Ocean at record high as vessel shortage tightens

The lack of ships opening for fresh employment around India amp 8217 s coast saw the Supramax freight rate for a 50,000 mt plus/minus 10% iron ore cargo from Paradip to China assessed at $16.20/mt Jan. 26, the highest since S amp 38 P Global Platts launched the assessment in mid 2014. The time c....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-6d-22h-42m ago

Baltic index falls for fifth day as capesize, panamax rates dip

The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped for the fifth session in a row on Thursday, as rates waned for capesize and panamax vessel segments. The Baltic dry index, tracking rates for capesize, panamax and supramax ves....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-6d-22h-42m ago

China iron ore futures fall on sluggish pre-holiday downstream consumption

Chinese iron ore futures dropped nearly 5% on Thursday, logging the biggest percentage loss in four weeks, as weak pre holiday downstream steel consumption and a government call for less steel output this year weighed on the steelmaking raw material. The China Iron and Steel Association said the cou....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-6d-22h-43m ago

Fortescue’s iron-ore shipments rise on strong China demand

Fortescue Metals Group on Thursday reported a 4.7% jump in iron ore shipments in the second quarter from the first, as global miners benefit from soaring demand in top steel producer China. The average price the company received for its iron ore during the quarter rose a whopping 60.5% to $122 per d....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-2w-6d-22h-43m ago

COVID-19 restrictions halt Kazakh grain, oilseed exports to China

Hundreds of thousands of tonnes of Kazakh flaxseed, sunflower and wheat have been stuck for months at the Chinese border due to COVID 19 restrictions, and much of it could rot away before the bottleneck is cleared. China introduced new import regulations in November to try to prevent the further spr....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-2h-43m ago

Argentina works to ensure domestic wheat supply, export cap rumors swirl

Argentina is looking for ways to ensure ample domestic wheat supplies without resorting to shutting down exports, a top official said on Wednesday, as farmers fretted about possible state intervention in the markets. The government, worried about food price inflation, recently tried to limit corn ex....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-2h-43m ago

Baltic Index Slips To 3-Week Low On Easing Demand For Capesizes

The Baltic Exchange amp 8217 s main sea freight index slipped to its lowest in nearly three weeks on Wednesday, dragged by a drop in demand for the larger capesize vessel segment. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was down....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-22h-42m ago

China industry body sees steel demand rising in 2021, seeks to secure raw material supply

China’s steel demand will increase slightly in 2021, supported by stable macroeconomic policies, the steel association said on Wednesday, even as the government has urged companies to produce less steel this year. Economic policies that China adopted to cope with the COVID 19 pandemic will shore u....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-22h-43m ago

S.Africa’s biggest coal exporter says 2020 exports fell to 70.2 mln tonnes

South Africa amp 8217 s Richards Bay Coal Terminal RBCT said on Wednesday that its 2020 coal exports fell to 70.2 million tonnes from 72.2 million tonnes in 2019, weighed down by COVID 19 disruptions. Africa amp 8217 s largest coal export facility said 92% of its exports went to Asia last year, ....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-1d-2h-42m ago

Baltic Index Slides On Seasonal Drop In Chinese Demand

The Baltic Exchange amp 8217 s main sea freight index on Tuesday dropped for a third straight session to its lowest in over two weeks, as a seasonal dip in Chinese demand weighed on vessel rates. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commo....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-1d-22h-42m ago

Russia approves higher wheat export tax from March 1

The Russian government has formally approved a proposal to impose a higher export tax on wheat from March 1, it said on Tuesday, in another push to curb a rise in domestic food prices triggered by the COVID 19 crisis. Russia is one of the world’s largest wheat exporters. Global wheat prices jumped....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-1d-22h-43m ago

Baltic Dry Index falls to 1659, down 106 points

Today, Tuesday, January 26 2021, the Baltic Dry Index decreased by 106 points, reaching 1659 points. Baltic Dry Index is compiled by the London based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the ....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-2d-6h-53m ago

Sales of Russian wheat keep surging amid gloomy export forecasts

Russia has sold 26.3 million tons of wheat since the beginning of July 2020 through January 14 2021, marking a 22.6 percent surge against the same period a year ago, the latest data by the country’s agricultural ministry shows. Overall, grain exports have totaled 31.5 million tons since the beginn....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-2d-10h-43m ago

Baltic Index Slips As Capesize Rates Weigh

The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was down on Monday As weaker rates for the larger capesize segment offset gains in panamax and supramax vessels. The Baltic dry index, tracking rates for capesize, panamax and supramax....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-2d-22h-42m ago

Grains supply to Argentine export hub normalizing after truckers strike – sources

Delivery of grains and oilseeds to Argentine export hub Rosario was slowly returning to normal on Monday after a week of protests by truckers who blocked roads leading from the farm belt to port, two industry sources told Reuters. Drivers are demanding a review of their costs, including tolls, insur....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-2d-22h-43m ago

Iron ore exports to China drive up Australia’s trade surplus

Australia enjoyed its fourth highest goods trade surplus on record in December, with exports jumping 16 per cent in the month. Preliminary international trade figures released by the Australian Bureau of Statistics on Monday show Australia recorded a $9 billion goods trade surplus in December, up fr....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-3d-2h-42m ago

Baltic Dry Index falls to 1765 , down 45 points

Today, Monday, January 25 2021, the Baltic Dry Index decreased by 45 points, reaching 1765 points. Baltic Dry Index is compiled by the London based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the wo....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-3d-6h-53m ago

Strongest start of the year in the dry bulk market since 2014 supports KCC’s earnings

Strong global iron ore shipments, increasing Chinese coal imports and strong grain exports from US have fueled the dry bulk market at the start of 2021. Average Kamsarmax earnings over the first three weeks of 2021 has hit $14,100/day, the strongest start of the year since 2014. Head of Klaveness Re....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-3d-10h-43m ago

Dry Bulk Market: Capesizes on a Roll

Capesize The Capesize market rocked and rolled these past few days. But by weeks end little had changed on the Capesize 5TC as it settled down 884 to $24,631. This was a positive difference of $733 to the beginning of the week. The market was not without plenty of activity as the Atlantic Basin con....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-3d-22h-42m ago

Ignore or enforce? Biden’s dilemma on China’s commodity purchases

President Joe Biden inherits a problematic trade deal with China and the unpalatable choices of trying to make Beijing meet its commitments on purchases of U.S. commodities, renegotiating, or simply ignoring China’s failure to meet the terms. The so called Phase 1 trade agreement, signed in Januar....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-3d-22h-43m ago

Weekly US soybean net export sales double on week at 1.818 mil mt: USDA

US soybean weekly net export sales totaled 1.818 million mt for the 2020 21 marketing year during the week ended Jan. 14, up 100% on the week, according to the US Department of Agriculture data released Jan. 22. In addition to the strong sales for the current marketing year, sales for the upcoming 2....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-4d-2h-42m ago

Baltic index logs 6th straight week of gains

The Baltic Exchange amp 8217 s main sea freight index posted its sixth consecutive weekly gain boosted by growth across all vessel segments, but it dipped on Friday due to lower capesize earnings. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk comm....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-5d-22h-42m ago

China iron ore edges higher on supply concerns, SGX prices slip

Dalian iron ore futures edged higher on Friday on concerns over possible weather related supply disruptions in key exporter Australia, while prices in Singapore dipped on worries about new COVID 19 infections in top steel producer China. The most traded iron ore contract on the Dalian Commodity Exch....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-5d-22h-43m ago

Baltic Dry Index falls to 1,810, down 27 points

Today, Friday, January 22 2021, the Baltic Dry Index decreased by 27 points, reaching 1810 points. Baltic Dry Index is compiled by the London based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the wo....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-6d-6h-53m ago

Baltic index up on higher panamax, supramax rates

The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was up for a third straight session on Thursday as higher demand for panamax and supramax vessels outweighed a slight dip in capesizes. The Baltic dry index, tracking rates for capesiz....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-6d-22h-42m ago

RightShip and INTERCARGO announce important new quality standard for dry bulk sector to be governed by new NGO

RightShip and INTERCARGO have today announced the launch of an important new quality standard for the dry bulk sector, DryBMS. The standard will be governed by a new NGO to be established later this year and will support the improvement of safety in the dry bulk segment. Both RightShip and INTERCARG....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-6d-22h-42m ago

China’s soybean imports in 2021-22 likely to hit new high of 110 mil mt: Platts Analytics

China amp 8217 s soybean imports in 2021 22 marketing year October September is likely to exceed 110 million mt, hitting an all time high, on sharper than expected hog and sow herd recovery from the African swine fever, according to S amp 38 P Global Platts Analytics. Even for 2020 21 marketing ....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-6d-22h-42m ago

China iron ore rises as key supplier Australia braces for potential cyclone

Dalian iron ore futures rose on Thursday as key supplier Australia began preparing for a potential tropical cyclone, while worries over rising coronavirus cases in China weighed on prices of the steelmaking raw material in Singapore. The most active May iron ore contract on China amp 8217 s Dalian ....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-3w-6d-22h-43m ago

Argentine corn sales pick up on concern over possible export limits

Argentine farmers have dramatically accelerated sales from the upcoming 2020/21 corn harvest, due to concern that the government may yet again try to limit international sales. The agriculture ministry has caused uncertainty by going back and forth in recent weeks on policies seeking to ensure ample....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-4w-2h-43m ago

Baltic Dry Index climbs to 1,837, up 9 points

Today, Thursday, January 21 2021, the Baltic Dry Index climbed by 9 points, reaching 1837 points. Baltic Dry Index is compiled by the London based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the wor....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-4w-6h-52m ago

China’s 2020 U.S. soybean imports surged though likely missed trade target

China’s soybean imports from the United States in 2020 rose by 52.8% from a year earlier, customs data showed on Wednesday, though the stepped up buying likely fell short of what was needed to fulfil last year’s trade deal between the countries. The world’s top soybean buyer last year brought ....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-4w-10h-43m ago

Higher rates lift Baltic index to one-week peak

The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest in a week on Wednesday as vessel rates improved across all segments. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bu....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-4w-22h-42m ago

1,427 Capesize journeys in the first twenty days of the year

The year 2021 has started strongly for the Capesize market with a 10.4% increase in the number of journeys completed or underway in the first 20 days of the year compared to the same period last year source: VesselsValue . This counter seasonal upswing stands in contrast to the development for all ....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-4w-22h-42m ago

China-Australia Dispute Leaves Coal Carriers Stranded

Beijing’s bar against Australian coal imports is upending global flows of the energy commodity, leaving dozens of loaded ships stranded off the Chinese coast and reshaping the direction of the seaborne trade. The flotilla of coal carriers sitting outside Chinese ports has grown to some 65 vessels,....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-4w-22h-42m ago

China bought most iron ore from Australia, Brazil in 2020, but imports from India up nearly 90%

Australia and Brazil, the world’s two largest iron ore producers, remained China’s top suppliers in 2020, but imports from India soared 88% as Chinese mills diversified sources amid sky high raw materials prices. Australian shipments rose 7% to 713 million tonnes, while Brazilian supplies were u....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-4w-22h-42m ago

Trade review: Soaring iron ore prices set to face hurdles in Q1

Seaborne iron ore prices defied the usual late year seasonal slowdown to hit multi year highs in the final quarter of 2020, with demand fueled by strong steel margins and high output amp 8212 but margin pressures and the seasonal Lunar New Year holiday slowdown are likely to take the heat out of ....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-4w-22h-43m ago

Brazilian soybean exports plummet in January on ebbing supplies: sources

Brazilian soybean exports plummeted in January on ebbing supplies, as farmers sold almost all their old crop soybean stocks, market sources told S amp 38 P Global Platts Jan. 19. Brazil exported 17,500 mt in the first half of January, compared with 630,000 mt shipped out in the same period last yea....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-4w-1d-10h-43m ago

Baltic index gains after three-session slide

The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a three session losing steak on Tuesday helped by higher rates for the capesize and supramax vessel segments. The Baltic dry index, tracking rates for capesize, panamax and sup....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-4w-1d-22h-42m ago

Iron ore may lose steam as supply rises, China demand growth eases

Iron ore has started 2021 in much the same fashion as it spent most of last year, moving higher and adding to a rally that saw the spot price surge 75% in 2020. But while the steel making ingredient is continuing its stellar run, the fundamentals may slowly be starting to turn against further gains,....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-4w-1d-22h-42m ago

Trade review: China-Australia relations transform met coal market dynamics

This is Part 1 of 5 in the S amp 38 P Global Platts Metals Trade Review series, where we dig through datasets and digest some of the key trends in metallurgical coal, iron ore, steel, scrap and alumina. We also explore what the next few months could bring, from supply and demand shifts, to new arbi....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-4w-1d-22h-43m ago

Rio reaches for record exports, profits as iron ore booms

Rio Tinto amp 8217 s biggest profit in nine years could be just the start, with the miner signalling it could capitalise on stratospheric iron ore prices by shipping record volumes of the steelmaking commodity this year. Australia amp 8217 s biggest iron ore miner is on track to post a full year u....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-4w-1d-22h-43m ago

Weakening China steel margins put iron ore under pressure

Benchmark iron ore futures pulled back on Tuesday after hitting four week highs in the previous session, as weakening steel margins in top steel producer China weighed on raw material prices. Iron ore on China’s Dalian Commodity Exchange ended daytime trading 1.4% lower at 1,046 yuan $161.26 a t....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-4w-1d-22h-43m ago

A Dry Bulk Shipping ETF Is Having a Stellar New Year

A targeted dry bulk shipping exchange traded fund has rallied in the new year, breaking from traditionally weak seasonal trends. Among the best performing non leveraged ETFs of Friday, the Breakwave Dry Bulk Shipping ETF NYSEArca: BDRY jumped 6.9%. BDRY has already surged 36.0% so far in 2021. BDR....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-4w-2d-10h-42m ago

Baltic index drifts lower as capesize rates weigh

The Baltic Exchange amp 8217 s main sea freight index dropped on Monday, as weaker rates for the larger capesize segment offset gains in panamax and supramax vessel rates. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 14 points, ....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-4w-2d-22h-42m ago

Beijing ‘rebuffed’ pleas from Chinese steelmakers to lift ban on Australian coal

The Chinese government has rejected pleas from its own steel industry to lift bans on Australian coal cargoes, keeping dozens of ships holding 8 million tonnes of the commodity stranded at sea. More than 70 vessels carrying Australian coal have been unable to unload in China since October, coincidin....

Hellenic Shipping Dry Bulk Market News Published 4y-10mo-4w-2d-22h-43m ago

Iron ore shiploader fire won’t impact PDM monthly shipment schedules: Vale

Monthly iron ore shipment schedules will not be impacted as a result of a fire that broke out early on Jan. 14 at a shiploader at Vale amp 8217 s main iron ore export terminal in northeast Brazil, the miner said Jan. 15. The Ponta da Madeira Maritime Terminal in São Luís, Maranhão in northeast B....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-6h-43m ago

China’s 2020 soybean imports climb 13% to record as pig sector demand recovers

China’s soybean imports jumped 13% to an annual record in 2020, customs data showed, after crushers ramped up purchases amid improved margins and healthy demand from the country’s rapidly recovering pig sector. China, the world’s top soybean buyer, bought 100.33 million tonnes of the oilseed i....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-10h-43m ago

China buying South African coal ‘could be game-changer but we shouldn’t be complacent’

Normally, China does not import coal from South Africa, but 2021 has seen a shift. Shipments to mainland China were reported on Monday by the African Source Markets’ Weekly Coal Index Report. “It could be a game changer but we shouldn’t be too complacent,” African Source Markets CEO Bevan Jo....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-10h-43m ago

High Commodity Demand, A Tailwind For Dry Bulk Shipping Stocks

Dry bulk equities aggregate seven stocks under our coverage posted 21% negative returns during the full year 2020. However, since the beginning of 2021, these stocks have registered a gain of 15.7% so far as of 12 January 2021 . Going forward, the stocks are expected to consolidate because the po....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-22h-42m ago

Dry Bulk Market: Capesizes Push Forward

Capesize The Capesize market surged this past week to a three month high, as a stronger outlook for the market took hold. Opening the second full week of the year at $21,131 the Capesize 5TC peaked mid week at $26,489, before closing down to end the week at $23,989. Charterers managed to take back a....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-22h-42m ago

India’s wheat exports to treble this financial year

India amp 8217 s wheat exports are likely to treble in the current financial year, thanks to surging international prices and ultra low interest rate money increasingly finding its way into agri commodity markets. The US Department of Agriculture USDA on Tuesday upped its forecast of Indian wheat....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-1d-2h-42m ago

China’s commodity imports saved 2020, this year may be different

There is both a history lesson and a warning in the latest Chinese data on imports of major commodities. The history part is that China bought record volumes of crude oil, copper, iron ore and coal in 2020, showing just how vital the world’s biggest buyer of natural resources was in keeping commod....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-2d-22h-42m ago

Dry bulk: Capesize rates spike defying weak seasonality trends

Capesize freight rates hit a three month high in January defying historical weak seasonality trends as supply bottlenecks caused by adverse weather at the Chinese coast and high commodity prices continued to drive demand for tonnage. S amp 38 P Global Cape T4 index for non scrubber ships touched a ....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-2d-22h-42m ago

Baltic index marks 5th straight weekly gain on capesize strength

The Baltic Exchange amp 8217 s main sea freight index retreated on Friday, but still notched up an over 9% weekly rise driven by strong overall gains in the capesize segment. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, shed 38 point....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-2d-22h-42m ago

More sales of South African coal to China expected as prices rise

About 600 000 t to 700 000 t of South African coal have already moved to China since the Asian giant ceased accepting coal from Australia and more South African coal sales to China are expected “for sure”, a top trader said in an interview with Mining Weekly. China’s power plants have been per....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-2d-22h-43m ago

China Commodity Imports Ease In Dec M/M, But Coal Soars

China’s imports of most major commodities eased in December from the previous month, customs data showed on Thursday, but coal imports soared. KEY POINTS: *Crude oil: Imports of 38.47 mln T vs 45.36 mln T in November *Iron ore: Imports of 96.75 mln T vs 98.15 mln T in November *Soybeans: Imports o....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3d-10h-43m ago

Baltic index ends eight-session winning run as capesize, panamax rates weaken

The Baltic Exchange amp 8217 s main sea freight index that tracks rates for ships carrying dry bulk commodities fell on Thursday, ending an eight session winning streak, weighed down by lower rates for capesize and panamax vessels. The Baltic dry index, which tracks rates for capesize, panamax and ....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3d-22h-42m ago

China 2020 iron ore imports hit record on robust post-virus demand

China’s iron ore imports hit a record high in 2020, jumping 9.5% from a year earlier as the country beefed up spending on infrastructure to spur an economic recovery amid the coronavirus pandemic and manufacturing increased. China, the world’s top steel producer, imported 1.17 billion tonnes of ....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3d-22h-42m ago

China’s Dec coal imports triple on month as customs restrictions ease

China’s coal imports rebounded in December after sliding for nine consecutive months, as Beijing relaxed import restrictions for some utilities to help meet surging demand for heating during harsh winter weather. Coal arrivals were 39.08 million tonnes last month, data from the General Administrat....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3d-22h-43m ago

Baltic index drifts higher; supramax hits over 14-month high

The Baltic Exchange amp 8217 s main sea freight index extended gains for the eighth consecutive session on Wednesday, buoyed by rising capesize rates and as supramax index climbed to its highest in more than 14 months. The Baltic dry index, which tracks rates for capesize, panamax and supramax vess....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-4d-22h-42m ago

Argentine agriculture ministry says it lifts corn export limit

Argentina said on Tuesday it lifted a 30,000 tonne per day limit recently placed on corn exports, which had caused farmers to go on a sales strike in protest. Growers have withheld crops from market since early Monday, angered by what they said was overzealous intervention in the markets. The govern....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-5d-2h-43m ago

India: Steel cos, iron ore miners spar over exports to China

The tussle between iron ore miners and steel companies over exports to China has taken a political turn with both sides questioning each other’s patriotism. In a fresh missive to Prime Minister’s Office, the Federation of Indian Mineral Industries FIMI said it is very unbecoming on the part of....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-5d-2h-43m ago

Russia considers increasing wheat export tax -exporters’ union

Russia is considering raising its wheat export tax from the currently planned 25 euros $30 per tonne between Feb. 15 and June 30, the head of the Russian Union of Grain Exporters, Eduard Zernin, told Reuters. Russia, one of the world’s largest wheat exporters, is trying to stabilise domestic foo....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-5d-10h-43m ago

EU soybean meal imports slump on tight S American supplies: sources

EU soybean meal imports have continued their downward spiral since the start of the 2020 21 marketing year July June amid limited supply from its top two suppliers, Argentina and Brazil, market sources said Jan. 12. The EU amp 8217 s soybean meal imports fell 8.5% year on year to 9.45 million mt ....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-5d-10h-43m ago

Stronger rates lift Baltic index to three-month peak

The Baltic Exchange amp 8217 s main sea freight index rose to its highest since October last year as capesize rates continued to firm. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 88 points, or 5%, to 1,849, its highest since Oct. 9, 2020. The capesize....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-5d-22h-42m ago

China’s ban on Australian coal forces trade flows to realign

China’s effective ban on imports of Australian coal is forcing a realignment of flows between the world’s two biggest importers and two largest exporters. Indonesia and Australia dominate the global seaborne coal trade, with the Southeast Asian nation tops in thermal coal, used mainly in power p....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-5d-22h-42m ago

China Raises 2020/21 Corn, Soybean Imports Outlook On Rising Demand

China amp 8217 s agriculture ministry on Tuesday raised its forecasts for corn imports in 2020/21 year amid rising domestic prices and healthy demand from a steadily recovering pig herd. China was expected to import 10 million tonnes of corn in the 2020/21 marketing year, the ministry said, raising....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-5d-22h-43m ago

Argentina port strike comes to an end with a new deal

We have been informed by our correspondent in Argentina that the workers unions have now lifted their strike and reached an agreement with the government and the private port terminals. The strike was initiated by URGARA Grain Receivers Union on 28 September and was later followed by the oil worke....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-6d-2h-43m ago

Coal to be biggest contributor to India’s $5 trillion economy: Amit Shah

The Centre on Monday awarded the letter of allocation to successful bidders of coal mines under the commercial auction held during October November 2020. Speaking at the event, Home Minister Amit Shah said the coal sector will be the largest contributor to India’s ambition of being a $5 trillion e....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-6d-2h-43m ago

Baltic index extends rally on surging Chinese coal shipments

The Baltic Exchange amp 8217 s main sea freight index climbed about 10% to its highest level in three months on Monday as soaring coal demand from China continued to power capesize rates higher. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, jumped 155 points, ....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-6d-22h-42m ago

Indian Oil seeks LNG cargo for February delivery – sources

Indian Oil Corp is seeking a liquefied natural gas LNG cargo for delivery in February, two industry sources said on Monday. The refiner is seeking the cargo for delivery on Feb. 13 on a delivered ex ship DES basis in a tender that closes on Jan. 13, they said. IOC last bought a cargo for Feb. ......

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-6d-22h-43m ago

Weak US thermal coal export recovery projected in 2021 with weak Atlantic Basin demand

In the Atlantic thermal coal export market, S amp 38 P Global Platts Analytics forecast a weak US recovery in 2021 as European import demand remains low and Russia looks to import more into Asia. amp 8220 The end of year rally in Amsterdam Rotterdam Antwerp prices dissipated early January, whic....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-1w-10h-43m ago

Dry Bulk Market: Capesizes Start the New Year With Renewed Optimism

Capesize The market has surely surprised many this week after sparking into life and quickly surpassing levels seen in November and December 2020. The Capesize 5TC ended 2020 at $16,633 and now closes out its opening week of 2021 at a resounding $21,131. Activity heated up from the middle of the wee....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-1w-22h-42m ago

China books more US wheat in latest week; overall US sales dip: USDA

China purchased more wheat from US farmers in the week ended Dec. 31, 2020, continuing the country amp 8217 s buying spree for the eighth straight week, and indicating that US wheat exports to China are expected to remain strong in the coming weeks. China booked 55,371 mt of US wheat in the week to....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-1w-22h-43m ago

India’s coal import drops 17% in Apr-Nov: mjunction

India amp 8217 s coal import declined by 17 per cent to 137.16 million tonne MT in the April November period of the current fiscal. The country had imported 165.35 MT of coal in the year ago period, according to provisional compilation by mjunction, based on monitoring of vessels’ positions and....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-1w-22h-43m ago

Baltic index jumps 11% as Chinese coal demand propels capesizes

The Baltic Exchange amp 8217 s main sea freight index jumped about 11% to its highest in nearly three months on Friday as high Chinese coal demand drove up capesize rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, leaped 158 points, or nearly 11%, to 1,606....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-1w-2d-22h-42m ago

Muted coal recovery in 2021

Coal carriers can look forward to a 26m tonne increase in movements of the black rock by sea this year, although that increase springs off the lower baseline of pandemic struck 2020. Statistics from global energy analyst IEA put 2020 trade volumes at a 10% retraction, equivalent to around 150m tonne....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-1w-2d-22h-42m ago

China’s Seaborne Coal Imports Fell 15% in 2020

A new report by logistics service provider Elane Inc. estimates China’s coal imports by sea last year fell 15% year on year to 240 million tons, mainly caused by the decline in the volume imported from May to October. The volume of coal imported returned to growth of 15% year on year in December. ....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-1w-2d-22h-42m ago

Baltic index up for seventh straight session on stronger rates

The Baltic Exchange amp 8217 s main sea freight index that tracks rates for ships carrying dry bulk commodities rose for a seventh session in a row on Thursday as rates firmed across all vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 23 p....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-1w-3d-22h-42m ago

Australian coal shipments to China at standstill amid unresolved trade tensions

Hopes of an early resumption in the Australian coal trade to China have been dashed after analysis revealed no ships had left the largest export terminals in Queensland and New South Wales bound for the country last month. Market watchers say that goes against the annual trend of ships setting off f....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-1w-3d-22h-43m ago

Baltic index gains on higher panamax rates

The Baltic Exchange amp 8217 s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday as stronger panamax rates offset a dip in the larger capesize segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 7 point....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-1w-4d-22h-42m ago

Argentine farmers to strike over corn export suspension

Argentine farmers will hold a 72 hour strike from Monday to protest a government decision to temporarily suspend corn exports, three of the country’s main rural associations said Tuesday. The South American grains powerhouse last week announced a two month halt in corn exports from the world’s N....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-1w-4d-22h-43m ago

Soybean Exports To China Top $3 Billion, Narrowly Miss 1-Month Record

U.S. soybean exports to China fell just shy of topping the single month record set in November 2013, according to the latest U.S. Census Bureau data. Soybeans have been at the heart of the U.S. China trade war, now approaching its third anniversary. Soybeans matter because the United States has sold....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-1w-4d-22h-43m ago

Rising capesize, panamax rates buoy Baltic index

The Baltic Exchange amp 8217 s main sea freight index, tracking rates for ships carrying dry bulk commodities, climbed on Tuesday to its highest level since mid October last year as rates for capesize and panamax vessels extended gains. The Baltic dry index, which tracks rates for capesize, panamax....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-1w-5d-22h-42m ago

Dalian iron ore jumps 4% as Australia, Brazil shipments decline

China amp 8217 s iron ore futures advanced for a third straight session to a one week high on Tuesday, as concerns over tight supply pushed spot prices of the steelmaking raw material further above $160 a tonne. The most traded iron ore for May delivery on the Dalian Commodity Exchange DCIOcv1 ende....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-1w-5d-22h-43m ago

Chinese cities reportedly go dark as country faces shortage of coal, a major Australian export

Several major Chinese cities have reportedly gone dark as authorities limit power usage, citing a shortage of coal. Analysts said prices of the commodity in the country have shot up due to the reported crunch. The reports also follow rising trade tensions between Beijing and Canberra, leading some a....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-1w-5d-22h-43m ago

Colombian coal exports fall to near 12-year low in November

Colombian coal exports fell to a near 12 year low 2.02 million mt in November, down 40.6% from October and 59.1% lower than the year ago month, according to data from government statistics agency DANE. The 2.02 million mt was the lowest monthly figure since 1.35 million mt in December 2008, accordin....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-1w-5d-22h-43m ago

Baltic index at over 2-month high on firmer rates

The Baltic Exchange amp 8217 s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest in more than two months on Monday as earnings increased across the larger capesize and panamax vessel segments. The Baltic dry index, which tracks rates for capesize, p....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-1w-6d-6h-42m ago

Argentina suspends corn exports to ensure domestic food supplies

Argentina will suspend sales of corn for export until Feb. 28, the agriculture ministry said on Wednesday, announcing the surprise move as part of the government’s effort to ensure ample domestic food supplies. The move by the world’s No. 3 corn supplier was a sign of tightening global food supp....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-2w-10h-43m ago

Indian Iron Ore Miners Demand Import Duty Withdrawal

Last week, steel industry’s representative body Indian Steel Association ISA urged the PMO to impose a temporary ban on exports of iron ore for six months to tide over the present supply crisis which is resulting into price rise of the raw material and causing steel price hike. Reacting to the s....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-2w-22h-43m ago

U.S. blocks palm oil imports from Malaysia’s Sime Darby over forced labour allegations

The United States has banned imports of palm oil from Malaysian producer Sime Darby Plantation from Wednesday over allegations of forced labour during production, the U.S. Customs and Border Protection CBP said. The ban on Sime Darby, the world’s largest palm oil company by land size and seen as....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-2w-3d-22h-43m ago

U.S. blocks palm oil imports from Malaysia’s Sime Darby over forced labour allegations

The United States has banned imports of palm oil from Malaysian producer Sime Darby Plantation from Wednesday over allegations of forced labour during production, the U.S. Customs and Border Protection CBP said. The ban on Sime Darby, the world’s largest palm oil company by land size and seen as....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-2w-3d-22h-43m ago

Bulk Buys: Weather concerns weigh on iron ore, coking coal trade tensions evident in supply

Cold weather in China was among the factors which drove the price of seaborne iron ore fines down slightly this week, having come off a good run the week prior. According to Metal Bulletin, the price of iron ore 62% fines shipped to Qingdao port fell $US2.20 per tonne on Monday to $US163.85 per tonn....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-2w-4d-22h-43m ago

Russia’s Sovecon downgrades its estimate for Russia’s 2020/21 wheat exports

The SovEcon agriculture consultancy said on Monday that it had downgraded its estimate for Russia amp 8217 s 2020/21 wheat exports to 36.3 million tonnes from a previously expected 40.8 million tonnes due to an upcoming wheat export tax. Russia, one of the world amp 8217 s largest wheat exporters,....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-2w-5d-10h-43m ago

Aust., Brazilian iron ore shipments high in record

The total volume of iron ore dispatched to global destinations from the 19 ports and 16 mining companies in Australia and Brazil was 29.7 million tonnes over December 21 27, or the highest since Mysteel commenced this survey in June 2019, or up for the second week by 4.6 million tonnes or 18% on wee....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-2w-5d-22h-42m ago

Prolonged waiting periods of vessels carrying Australian coal to China

Prolonged waiting periods of vessels carrying Australian coal to China: cargo hazards and precautions while waiting to discharge coal. The Club has learned that a number of ships loaded with Australian coal are experiencing significant delays in receiving authorisation to discharge in Chinese ports.....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-2w-5d-22h-43m ago

Ukraine’s 2020/21 season grain exports down 16.9% so far

Ukraine amp 8217 s grain exports have fallen by almost 17% to 25.27 million tonnes this season, which runs from July 2020 to June 2021, economy ministry data showed. Traders have sold 8.34 million tonnes of corn and 3.75 million tonnes of barley, the data showed. They also exported 12.38 million to....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-2w-5d-22h-43m ago

China coking coal futures rise for third day on supply worries

Chinese coking coal futures extended gains into a third session on Monday, jumping as much as 6.2% as lower imports, sliding inventories and mines starting maintenance activity stoked supply concerns. “Coal mines in major production areas had mostly finished their targets at year end and started m....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-2w-6d-22h-43m ago

Argentina agro-export companies improve labor deal to end grains port strike

Argentina’s influential chamber of soyoil manufacturers and exporters on Sunday spiced up an offer to striking workers, seeking to end a more than two week standoff that has bogged down exports from one of the world’s main breadbaskets. The CIARA CEC chamber said it would top up salaries by 35% ....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3w-2h-42m ago

Capesize oversupply concerns; trade tensions vexing Panamax, Supramax

Volatility was the hallmark of the dry bulk freight market in 2020 and this is expected to follow suit into 2021 as it encounters new waves of infections, political tensions and inclement weather conditions. While the pandemic wreaked havoc on the freight market in Q1 2020, the colossal Chinese stim....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3w-10h-42m ago

Argentina calls meeting to end grains ports strike

Argentina is moving to resolve a ports strike that has bogged down agricultural exports from one of the world’s main bread baskets by calling a meeting next week aimed at jumpstarting wage talks between oilseed workers and export companies. A labor ministry spokesman told Reuters on Friday that th....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3w-22h-43m ago

Australian wheat to weather China trade concerns on expected bumper harvest

Optimism from an anticipated record Australian wheat crop, estimated to be the country amp 8217 s second largest, is likely to outweigh trade concerns from troubled Australia China relations in the first half of 2021. Australia amp 8217 s wheat market is set to welcome the new year with a positive....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3w-22h-43m ago

China’s Nov Soybean Imports From U.S. Surge On Year After Trade Deal

Chinese imports of U.S. soybeans in November more than doubled from the previous year, customs data showed on Friday, as cargoes booked following a Phase 1 trade deal between the United States and China arrived in the country. The world’s top buyer of soybeans brought in 6.04 million tonnes of the....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3w-22h-43m ago

China iron ore futures turn higher, coke rises in resilient market

China amp 8217 s iron ore futures prices recovered from early losses on Friday to end higher while coking coal and coke both closed up more than 3%, buoyed by resilient demand at steel mills despite signs of easier momentum for key construction products. Steel product inventories in China, both hel....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3w-1d-4h-12m ago

Baltic index marks first yearly gain in three on China iron ore demand

The Baltic Exchange amp 8217 s main sea freight index posted its first annual gain in three years on Thursday as iron ore shipments to China bounced higher, despite a hit to shipping activity due to the coronavirus pandemic. The Baltic dry index, which tracks rates for capesize, panamax and suprama....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3w-3d-22h-42m ago

More US wheat moves to China with fifth straight week of exports

China moved in more wheat from the US ports in the week that ended Dec. 17, registering a fifth straight week of US wheat shipments, indicating Chinese buyers amp 8217 interest in US wheat has not waned as the country looks to meet its trade obligations and replenish its reserves. In the week that....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3w-3d-22h-43m ago

Iron ore prices poised to hit US$180 next month: Westpac

The Chinese government’s attempt to cool the iron ore price has not stopped some experts from predicting another surge as early as next month. Westpac Banking Corp ASX: WBC believes the stars are aligned for the steel making mineral to rally close to 20% in January to circa US$180 a tonne, repor....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3w-3d-22h-43m ago

India makes future coal import disclosures mandatory

India has made it mandatory for coal importers to disclose future shipments, in a move seen as tightening screening to curb imports to protect domestic producers. Importers of coking coal, steam coal and bituminous coal would have to gain a permit ahead of deliveries, the commerce and industry minis....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3w-3d-22h-43m ago

Baltic index gains as capesizes extend upward momentum

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest since late October on Wednesday as capesize rates extended gains to a tenth consecutive session. The Baltic dry index, which tracks rates for capesize, panamax and supramax ves....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3w-4d-22h-42m ago

The rise and rise of iron ore

Iron ore prices are soaring. Values reached approximately US$160 per tonne by the middle of December. This level was last recorded in early 2013. Demand growth, particularly in China, is driving the increase in the cost of the raw material. The dispute between the authorities in China and Australia ....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3w-4d-22h-42m ago

Argentine soymeal exports stalled as wage strike reaches 13th day

Wage talks between Argentine port workers and soymeal manufacturers were stalled on Tuesday, with a labor strike going into its 13th day, bogging down agricultural exports from one of the world’s main bread baskets. Argentina is the top international supplier of soymeal, a livestock feed used to f....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3w-5d-2h-42m ago

Argentina soymeal manufacturers offer workers deal to end 2-week strike, union says not enough

Soymeal manufacturers in Argentina presented late on Tuesday a proposal aimed at ending a two week strike by oil and port workers unions that has thrown a wrench in the flow of agricultural exports from one of the world’s main bread baskets. Oilseed workers and grains inspectors are demanding pay ....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3w-5d-2h-43m ago

China to import record 100 mln T of soybeans in 2020 -COFCO exec

China is expected to import more than 100 million tonnes of soybeans in 2020, a record high, said an executive with leading state owned grains trader COFCO on Tuesday, as rebuilding of the country’s huge hog herd boosts demand for the protein. The country is expected to crush 92.6 million tonnes o....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3w-5d-10h-43m ago

Baltic index near eight-week high on stronger capesize rates

The Baltic Exchange’s main sea freight index climbed to its highest in nearly eight weeks on Tuesday, as rising rates for larger capesize vessels offset dips in panamax and supramax rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose 7 points, or 0.5%, ....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3w-5d-22h-42m ago

If China stops taking Australia’s coal, will other countries fill the gap?

Chinese state owned media appeared to confirm a ban on imports of Australian coal this week. Australian officials are now trying to figure out how serious the threat is, and its implications. If China stops taking Australia’s coal, will other countries fill the gap Could Japan, India and South Ko....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3w-6d-10h-43m ago

Baltic index weakens on lower panamax, supramax rates

The Baltic Exchange’s main sea freight index slipped on Monday, as weaker panamax and supramax rates more than offset rising capesize rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, snapped an eight session streak of gains to fall by 2 points, or 0.2%, t....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3w-6d-22h-42m ago

Australia forecasts drop in coal output under pressure from Chinese curbs

Australia’s coal producers may have to start cutting output if China maintains limits on imports from them, the Australian government said on Monday, forecasting a sharp fall in coal export revenue this year. China is the second biggest buyer of Australia’s thermal coal burned in power plants an....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-3w-6d-22h-43m ago

Scorpio Bulkers Inc. Announces Exit from Dry Bulk Sector, Classifying Its Fleet as Held for Sale, Giving Notice to Terminate Agreements with Its Vessel Managers, and Intention to Change the Company Name

Scorpio Bulkers Inc. announced that following the recent sales of vessels by the Company, its Board of Directors has authorized the Company, as part of its transition to a sustainable future, to sell its remaining dry bulk vessels and exit the dry bulk sector during 2021. As a result of this decisio....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-4w-10h-42m ago

Brazil keen to increase corn exports to China, but in no rush-industry association

Brazil and China are in talks to boost corn trade between the two nations, though raising exports to the Asian nation at this time is unfeasible due to inter harvest supply shortages, Abramilho, a corn producers association, said. Only a fraction of Brazil’s corn sales went to China last year, or ....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-4w-10h-43m ago

Australia wheat exports poised to deliver $6b windfall

Australian grain is flying off farms regardless of China’s trade sanctions, and wheat shipments alone are set to hit 4 million tonnes in December. A whopper wheat crop, now predicted to be Australia’s biggest ever, could reap $6 billion in export earnings as grain flows back into traditional and....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-4w-10h-43m ago

2021 Dry Bulk Outlook – Supply Growth

In the first article in the series we mentioned that dry bulk freight was in a super cycle between 2001 and 2008. The growth in global yard capacity was unable to keep up with the seaborne demand growth triggered by China joining the World Trade Organization in 2001. This led to extensive contractin....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-4w-22h-42m ago

Dry Bulk Market: Capesize Enjoy Solid End to the Week

Capesize After a promising start, the Capesize market really came alive on Thursday as Vale made a reappearance, lifting at least a clutch of vessels from Brazil, with $16 appearing to be the C3 Brazil China high water mark on the Goodship 177,536 2005 for mid January dates. The underlying index c....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-4w-22h-42m ago

Australian coal needed in China – WoodMac

Analysis by advisory firm Wood Mackenzie WoodMac has shown that there will be no winners in the coal war between Australia and China. Reports emerged earlier this week that National Development and Reform Commission had met with the ten major power companies over the weekend, and had granted them ....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-4w-22h-43m ago

Baltic index gains for second straight week as capesize rates jump

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose on Friday to log its second straight weekly gain as capesize rates climbed to over six week high. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was ....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-4w-2d-22h-42m ago

Support for commodity prospects for 2021

It has been a bumpy year for worldwide commodity demand, with some sectors speedily bouncing back from pandemic dents, while others have taken more time to rediscover their ‘normal’. China has been a lynchpin for the recovery in dry bulk commodities wet trades have needed the support of OPEC+ t....

Hellenic Shipping Dry Bulk Market News Published 4y-11mo-4w-2d-22h-42m ago

Rising capesize rates lift Baltic index to highest level in seven weeks

The Baltic Exchange’s main sea freight index rose for a seventh straight session to hit its highest since late October on Thursday, supported by stronger rates for the larger capesize vessel segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, edged up 5 po....

Hellenic Shipping Dry Bulk Market News Published 5y-22h-42m ago

Iron ore price: have the bears got it wrong?

Commodity forecasting is a difficult business at the best of times. Even the most sophisticated “all singing, all dancing” supply demand model cannot account for a myriad of imponderables. These can include weather events and environmental factors, operational outages and disasters, government p....

Hellenic Shipping Dry Bulk Market News Published 5y-22h-43m ago

No rush in Russian exports seen ahead of wheat tax

Grain exporters look unlikely to accelerate shipments of Russian wheat before an export tax is implemented in mid February, with farmers expected to be in no rush to release supplies, particularly given poor prospects for next year’s harvest. The planned levy has triggered volatility in internatio....

Hellenic Shipping Dry Bulk Market News Published 5y-1d-10h-43m ago

Iron ore prices seen staying high in Q1 2021

High iron ore market prices seen in recent months are expected to continue into the first quarter of 2021, supported by strong Chinese steel output, according to the latest S amp amp P Global Platts Iron Ore amp amp Steel Outlook. Some 62% of participants said iron ore prices would remain above $1....

Hellenic Shipping Dry Bulk Market News Published 5y-1d-10h-43m ago

Capesize freight share in IODEX hits five-year low on excess tonnage, limited mineral supply

The Capesize freight rate as a percentage of the seaborne iron ore price has touched a record low, with a supply crunch for the mineral along with excess tonnage availability altering the correlation. The share of the key Brazil to China Capesize freight rate in the benchmark S amp amp P Global Plat....

Hellenic Shipping Dry Bulk Market News Published 5y-1d-22h-42m ago

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