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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
  • PortDA Admin
    hello sir
    2021-08-24 15:16:47
  • PortDA Admin
    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
    2021-08-24 16:06:51
  • PortDA Admin
    retest
    2021-08-24 16:09:52
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    retest
    2021-08-24 16:10:05
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    test msg
    2021-08-24 16:12:45
  • PortDA Admin
    hello
    2021-08-24 16:16:38
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    test msg
    2021-08-24 16:20:16
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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

Baltic index gains 1.3% on higher rates across vessels

The Baltic Exchange amp 8217 s dry bulk sea freight index, tracking rates for ships ferrying dry bulk commodities, rose on Wednesday led by gains across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 27 points, or 1.3%, to 2,142 ....

Hellenic Shipping Dry Bulk Market News Published 2y-1d-20h-6m ago

China’s March coal imports from Russia plunge 30% yr/yr

China amp 8217 s coal imports from Russia in March fell 30% from a year earlier, as fears of sanctions impeded purchases and China generally bought less foreign coal. The world amp 8217 s biggest coal consumer imported 3.12 million tonnes from Russia last month, data from the General Administratio....

Hellenic Shipping Dry Bulk Market News Published 2y-1d-20h-6m ago

Rio Tinto iron ore shipments drop on COVID delays, flags China risks

Rio Tinto on Wednesday reported lower than expected iron ore shipments in the first quarter, and warned a resurgence of COVID 19 lockdowns in China and a prolonged Russia Ukraine war could have risks. The global miner amp 8217 s efforts to ramp up its Pilbara operations in Western Australia were im....

Hellenic Shipping Dry Bulk Market News Published 2y-1d-20h-6m ago

China’s March soybean imports from U.S. fall from previous year

China amp 8217 s soybean imports from the United States plunged in March from a year earlier, customs data showed on Wednesday, as poor margins curbed buying. China, the world amp 8217 s top importer of soybeans, brought in 3.37 million tonnes last month from the U.S., down from 7.18 million a yea....

Hellenic Shipping Dry Bulk Market News Published 2y-1d-20h-7m ago

Dalian iron ore dips in wobbly session on demand worries

Dalian iron ore fell in seesaw trade on Wednesday, as worries about future demand for the steelmaking ingredient in China outweighed reports of COVID 19 curbs being eased in some areas in the world amp 8217 s top steel producer. The most traded September iron ore on China amp 8217 s Dalian Commodi....

Hellenic Shipping Dry Bulk Market News Published 2y-1d-20h-7m ago

Baltic Dry Index climbs to 2142 up 27 points

Today, Wednesday, April 20 2022, the Baltic Dry Index climbed by 27 points, reaching 2142 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 2y-2d-4h-17m ago

Ships carrying Russian fertilizers find way to Brazil despite sanctions

Despite concern that sanctions against Russia would cause a shortfall of fertilizer in Brazil, preliminary shipping data shows orders being fulfilled and vessels heading for Brazil, potentially allowing a normal grain planting season. At least 24 vessels carrying almost 678,000 tonnes of Russian fer....

Hellenic Shipping Dry Bulk Market News Published 2y-2d-8h-6m ago

India eyes Russian coal offered at steep discounted price amid domestic shortage

As Europe amp 8217 s energy priorities are challenged by Russia amp 8217 s invasion of Ukraine, France is set to lead Europe amp 8217 s ambitions on building new nuclear plants, but the ongoing presidential elections present some risk to this, and other ambitions linked to France amp 8217 s aim ....

Hellenic Shipping Dry Bulk Market News Published 2y-2d-20h-6m ago

Indonesia’s Adaro sells coal to European buyers ahead of Russia sanctions

Indonesia amp 8217 s second biggest coal miner PT Adaro Energy Indonesia Tbk ADRO.JK said on Monday it has shipped roughly 300,000 tonnes of coal to some buyers in Europe, where countries are seeking a new source of the fuel due to sanctions on Russia. The coal was sold via the spot market, chief f....

Hellenic Shipping Dry Bulk Market News Published 2y-2d-20h-7m ago

Baltic Dry Index climbs to 2115 up 47 points

Today, Tuesday, April 19 2022, the Baltic Dry Index climbed by 47 points, reaching 2115 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 world....

Hellenic Shipping Dry Bulk Market News Published 2y-3d-4h-17m ago

Wheat exports in FY23 to beat target of 10 MT, India aims to supply 3 MT to Egypt: Piyush Goyal

Commerce and industry minister Piyush Goyal on Friday exuded confidence that India’s wheat exports in the current fiscal will breach the initial target of 10 million tonne and may even touch 15 million tonnes. The country’s wheat exports have witnessed a quantum jump in recent years — from jus....

Hellenic Shipping Dry Bulk Market News Published 2y-3d-20h-7m ago

Vietnam to raise annual coal imports to 46.5 million tonnes by 2025 – ministry

Vietnam plans to raise its annual coal imports to 46.5 million tonnes by 2025 and to 123.7 million tonnes by 2045 from 36 million tonnes last year, the Ministry of Industry and Trade said. The Southeast Asian country, a regional manufacturing powerhouse, turned from a net coal exporter to a net impo....

Hellenic Shipping Dry Bulk Market News Published 2y-4d-6m ago

Tough to find alternatives for Russian thermal coal, says Japan utilities group head

Alternatives for Russian thermal coal are difficult to find as the market is getting tighter, the head of a group representing Japanese utilities said. amp 8220 We want the government to provide maximum support on the issue , amp 8221 Kazuhiro Ikebe, the chairman of Japan amp 8217 s federation....

Hellenic Shipping Dry Bulk Market News Published 2y-4d-6m ago

Baltic sea freight index posts weekly gain as rates rise across vessels

The Baltic Exchange amp 8217 s dry bulk sea freight index rose for a third straight session on Thursday and was set for a weekly gain, thanks to a jump in rates across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 69 points, or ....

Hellenic Shipping Dry Bulk Market News Published 2y-1w-20h-6m ago

Battle over grain cargo pricing

The Commercial Court in the case of Sharp Corp Limited v Viterra B.V. previously known as Glencore Agriculture B.V. 2022 EWHC 354 Comm considered an appeal brought by Sharp Corp Limited the buyer against a decision of the Grain and Feed Trade Association GAFTA Board of Appeal about the q....

Hellenic Shipping Dry Bulk Market News Published 2y-1w-20h-6m ago

Changing coal flows to boost dry bulk ton-miles

Disruption to global coal trade flows following Western sanctions on Russia could boost dry bulk freight rates as ton miles increase. The European Council April 8 agreed to adopt another package of sanctions against Russia, including banning imports of coal, in response to alleged war crimes. The co....

Hellenic Shipping Dry Bulk Market News Published 2y-1w-20h-6m ago

China’s March commodity imports were subdued, more softness ahead

China amp 8217 s imports of major commodities softened in March, a trend that is likely to extend in coming months as the world amp 8217 s biggest buyer of resources deals with the economic pain of maintaining its zero COVID policy. Imports of crude oil, natural gas, iron ore, coal and copper were....

Hellenic Shipping Dry Bulk Market News Published 2y-1w-20h-6m ago

Baltic Dry Index remains at 2068 no change

Today, Thursday, April 14 2022, the Baltic Dry Index showed no change, remaining at 2068 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 worl....

Hellenic Shipping Dry Bulk Market News Published 2y-1w-1d-4h-16m ago

Baltic index falls for 9th day as vessel rates retreat

The Baltic Exchange amp 8217 s dry bulk sea freight index on Tuesday fell for a ninth consecutive session, on a dip in rates across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 94 points to 2,213 points. The capesize index ....

Hellenic Shipping Dry Bulk Market News Published 2y-2w-2d-20h-6m ago

Traders ask Ukraine government to cancel wheat export curbs

Ukraine amp 8217 s traders union UGA has asked the government to cancel wheat export curbs as stocks are very high and the shipments would not affect Ukrainian food security, the union said on Tuesday. In March, Ukraine introduced export licences for wheat, corn and sunflower oil. Two weeks later, ....

Hellenic Shipping Dry Bulk Market News Published 2y-2w-2d-20h-7m ago

China books biggest deal for U.S. corn since May 2021

Chinese buyers bought 1.084 million tonnes of U.S. corn, their biggest purchase of U.S. grain since May 2021, the U.S. government said. The deal comes as shipments from Ukraine, the world amp 8217 s fourth biggest exporter of corn, are snarled following Russia amp 8217 s invasion. China had been a....

Hellenic Shipping Dry Bulk Market News Published 2y-2w-2d-20h-7m ago

Baltic index down for 8th day on decline in vessel rates

The Baltic Exchange amp 8217 s dry bulk sea freight index fell for an eighth consecutive session on Monday, pulled down by lower rates in all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 50 points to 2,307 points. The panamax i....

Hellenic Shipping Dry Bulk Market News Published 2y-2w-3d-20h-6m ago

Australia: Coal exports forecast to smash record with value set to break $100 billion this financial year

Australian coal is set to become the second commodity ever to crack $100 billion in annual exports, according to the latest Resources and Energy Quarterly report from the federal government. The report stated that combined coal exports were expected to reach $110 billion this financial year, after p....

Hellenic Shipping Dry Bulk Market News Published 2y-2w-3d-20h-7m ago

Indian Wheat exports likely to cross 10 mn tonnes this fiscal

The country amp 8217 s wheat exports are likely is cross 100 lakh tonnes 10 million tonnes during 2022 23, due to increasing demand for the commodity in the world market, Commerce and Industry Minister Piyush Goyal said on Sunday. The exports have crossed 70 lakh tonnes in 2021 22 worth over Rs ....

Hellenic Shipping Dry Bulk Market News Published 2y-2w-3d-20h-7m ago

Baltic Dry Index falls to 2307 down 50 points

Today, Monday, April 04 2022 , the Baltic Dry Index decreased by 50 points, reaching 2307 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 2y-2w-4d-4h-17m ago

Dry Bulk Market: Capesize Market Improves

Capesize The Capesize market fared little better this week to begin with. However, by Friday green shoots were beginning to emerge as the 5TC saw a low of $13,596 yet closed at $15,460. The Atlantic basin remains the Achilles heel of the market with poor levels of cargoes to tonnage available as the....

Hellenic Shipping Dry Bulk Market News Published 2y-2w-4d-20h-6m ago

Baltic sea freight index slips to third straight weekly loss

The Baltic Exchange amp 8217 s dry bulk sea freight index registered a third consecutive weekly decline on Friday, pulled down by falling rates for panamax and supramax vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by one point to 2,357....

Hellenic Shipping Dry Bulk Market News Published 2y-2w-6d-20h-6m ago

India’s thermal coal imports likely to rise ahead of summer amid low stocks

India needs to increase thermal coal imports to meet rising power demand during the peak summers, even as import prices remain elevated due to supply tightness created by the Russia Ukraine conflict, market sources told S amp 38 P Global Commodity Insights March 30. Indian buyers have been waiting ....

Hellenic Shipping Dry Bulk Market News Published 2y-2w-6d-20h-7m ago

Baltic Dry Index falls to 2357 down 01 points

Today, Friday, April 01 2022 , the Baltic Dry Index decreased by 01 points, reaching 2357 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 2y-3w-4h-17m ago

Baltic index drops to 3-week low, ends quarter higher

The Baltic Exchange amp 8217 s dry bulk sea freight index fell to its lowest level in over three weeks on Thursday, dragged by sliding panamax and supramax vessel rates, although the main index posted monthly and quarterly gains. The overall index, which factors in rates for capesize, panamax and s....

Hellenic Shipping Dry Bulk Market News Published 2y-3w-20h-6m ago

Iron ore marks best quarter in five on China policy support

Dalian iron ore rose on Thursday, boosting a quarterly gain that was the biggest since end 2020, while the Singapore benchmark hovered around the $160 mark, as traders anticipated additional policy support to shore up China amp 8217 s economy. Further gains came for the steelmaking ingredient as Be....

Hellenic Shipping Dry Bulk Market News Published 2y-3w-20h-7m ago

Baltic Dry Index falls to 2358 down 11 points

Today, Thursday, March 31 2022 , the Baltic Dry Index decreased by 11 points, reaching 2358 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 2y-3w-1d-4h-17m ago

China’s seaborne thermal coal demand seen set to rebound on summer stockpiling, rail maintenance

China amp 8217 s seaborne coal demand is likely to increase in the near term as domestic buyers look to stock up ahead of summer and railway maintenance that is expected to hamper the supply chain in April, market sources told S amp 38 P Global Commodity Insights. The expectations of a rise in the....

Hellenic Shipping Dry Bulk Market News Published 2y-3w-1d-8h-6m ago

Taylor Maritime Investments Limited To Sell Handysize Vessel for $11.6 Million

Taylor Maritime Investments Limited, the specialist dry bulk shipping company, announces that it has agreed to sell a 2004 built Handysize vessel for $11.6 million. The vessel was an IPO seed asset and the sale is expected to complete in Q2 2022, generating an IRR in excess of 200% and MOIC of 1.6x.....

Hellenic Shipping Dry Bulk Market News Published 2y-3w-1d-8h-6m ago

Iron Ore May See Structural Shift On Lack Of New Supply, Decarbonisation

Much of the iron ore debate focuses on the outlook for demand in China but bubbling in the background are two factors likely to cause a structural shift in the market for the steel raw material amp 8211 the lack of new supply and decarbonisation. What happens in China is the main driver of short ....

Hellenic Shipping Dry Bulk Market News Published 2y-3w-1d-8h-7m ago

Baltic index down for fifth session as panamax, supramax rates retreat

The Baltic Exchange amp 8217 s dry bulk sea freight index extended losses for a fifth consecutive session on Wednesday, weighed down by lower rates for panamax and supramax vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, dipped 48 p....

Hellenic Shipping Dry Bulk Market News Published 2y-3w-1d-20h-6m ago

Baltic Dry Index falls to 2369 down 48 points

Today, Wednesday, March 30 2022 , the Baltic Dry Index decreased by 48 points, reaching 2369 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 2y-3w-2d-4h-16m ago

Baltic index down for fourth session as vessel rates decline

The Baltic Exchange amp 8217 s dry bulk sea freight index fell for a fourth straight session on Tuesday as rates across vessel segments declined. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, dipped 67 points, or 2.7%, to 2,417 points. The....

Hellenic Shipping Dry Bulk Market News Published 2y-3w-2d-20h-6m ago

India leans toward continued import of Russian coking coal -minister

India is leaning toward continuing to import coking coal from Russia, the steel minister said on Sunday, seeming to buck a global trend to shun Moscow over its invasion of Ukraine. amp 8220 We are moving in the direction of importing coking coal from Russia, amp 8221 Ramchandra Prasad Singh told....

Hellenic Shipping Dry Bulk Market News Published 2y-3w-3d-4h-7m ago

Baltic Dry Index falls to 2417 down 67 points

Today, Tuesday, March 29 2022 , the Baltic Dry Index decreased by 67 points, reaching 2417 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 2y-3w-3d-4h-17m ago

Baltic index declines on capesize weakness

The Baltic Exchange amp 8217 s dry bulk sea freight index edged lower on Monday as the capesize segment dipped for a ninth consecutive session. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, dipped 60 points to 2,484 points. The capesize in....

Hellenic Shipping Dry Bulk Market News Published 2y-3w-3d-20h-6m ago

Dalian iron ore scales seven-month peak on China liquidity boost

Dalian iron ore climbed to a seven week high on Monday and the Singapore Exchange benchmark rebounded above $150 a tonne, as traders cheered China amp 8217 s move to boost its short term fund injection to counter any possible market liquidity tightness. Other steelmaking ingredients trading on the ....

Hellenic Shipping Dry Bulk Market News Published 2y-3w-3d-20h-7m ago

Baltic Dry Index falls to 2484 down 60 points

Today, Monday, March 28 2022 , the Baltic Dry Index decreased by 60 points, reaching 2484 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 2y-3w-4d-4h-17m ago

Coal to help solve EU energy crisis as trade patterns shift: shippers

Coal will help solve the European Union amp 8217 s current energy price squeeze, even while the Russia Ukraine crisis is expected overall to speed up actions towards the energy transition, participants in a shipping panel at the FT Commodities Global Summit said. amp 8220 The only commodity that ....

Hellenic Shipping Dry Bulk Market News Published 2y-3w-4d-8h-6m ago

Dry Bulk: Capesize Market Facing Volatile Bunker Prices

Capesize The Capesize market had to contend with volatile bunker concerns once again as the 5TC lost $5956 week on week to close at $15,648. It was also a tough few days for Atlantic owners. The basin plunged a little over 40% in value, with the transatlantic C8 settling at $11,897 on Friday as ampl....

Hellenic Shipping Dry Bulk Market News Published 2y-3w-4d-20h-6m ago

Benchmark Iron Ore Futures In China Jump On Supply Crunch At Mills

Chinese iron ore futures jumped 3% on Friday, rising for the second straight session and tracking fourth weekly gains from supply shortage at mills because of COVID related disruptions. Producers in the top steelmaking city of Tangshan are set to cut or suspend output as their raw material stocks ca....

Hellenic Shipping Dry Bulk Market News Published 2y-3w-4d-20h-7m ago

Baltic Dry Index falls to 2544 down 23 points

Today, Friday, March 25 2022 , the Baltic Dry Index decreased by 23 points, reaching 2544 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 2y-4w-3h-17m ago

Baltic index edges lower on a dip in capesize segment

The Baltic Exchange amp 8217 s dry bulk sea freight index fell on Thursday as a dip in capesize rates overshadowed gains in the panamax and supramax segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, slipped 8 points, or 0.3%, to 2,56....

Hellenic Shipping Dry Bulk Market News Published 2y-4w-19h-6m ago

India: Coal Imports Fell, Output Rose In 2021-22, Yet States Faced Power Crisis

Despite the fact that during the September October period of 2021, several states were staring at a possibility of blackouts due to severe shortage of coal supply, between April 2021 January 2022, dry fuel imports had decreased to the level of 173.32 million tonnes as compared to 180.56 million tonn....

Hellenic Shipping Dry Bulk Market News Published 2y-4w-19h-6m ago

Baltic Dry Index falls to 2567 down 08 points

Today, Thursday, March 24 2022 , the Baltic Dry Index decreased by 08 points, reaching 25676 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 2y-4w-1d-3h-16m ago

Brazil grain exporters face trouble as port tax collectors protest

Agricultural exporters in Brazil are facing a hard time getting paid for their shipments due to a protest by tax collectors at Latin America amp 8217 s busiest port, the National Association of Grain Exporters Anec told Reuters. The protest is delaying the issuance of phytosanitary certificates, ....

Hellenic Shipping Dry Bulk Market News Published 2y-4w-1d-7h-7m ago

Baltic index gains on higher rates for smaller vessels

The Baltic Exchange amp 8217 s dry bulk sea freight index edged up on Wednesday as gains in the panamax and supramax segments offset a dip in capesize rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, gained 29 points, or 1.1%, to 2,575....

Hellenic Shipping Dry Bulk Market News Published 2y-4w-1d-19h-6m ago

Dry Bulk Market: Capesize Market in Normal Mode, Except for the Absence of Black Sea Trade Routes

The Capesize market had a mild trading range this week hitting a high of $15,258 and a low of $13,414 to settle Friday at $13,560. While events in Europe have been disruptive, the trading activity was generally back to normal this week as most shipping routes are business as usual amp 8211 albeit....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-2w-1d-19h-6m ago

China to boost coal output, reserve and transportation – NDRC report

China will boost the production of advanced coal and rapidly enhance coal reserve capacity, aiming to increasing the government deployable storage to 5% of local consumption, the country’s state economic planner said on Saturday. The National Development and Reform Commission NDRC also said in a....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-2w-1d-19h-7m ago

Russia-Ukraine conflict highlights wheat supply vulnerability

The threat to wheat supplies from Russia amp 8217 s invasion of Ukraine has been exacerbated by a shift in global stocks away from major exporters such as the United States and European Union, undermining their effectiveness as a cushion in times of crisis. U.S. wheat futures Wv1 rose to a 14 year ....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-2w-1d-19h-7m ago

Baltic index rises on gains in smaller vessels

The Baltic Exchange amp 8217 s dry bulk sea freight index rose on Friday on gains in the panamax and supramax vessel rates that also countered a small dip in the capesize segment. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 44 point....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-2w-3d-19h-6m ago

Higher freight rates lift Wisdom’s net earnings

Buoyed by rising freight rates, bulk shipper Wisdom Marine Lines Co reported a record net profit of NT$8.24 billion US$294.07 million for last year, up 7,300 percent from NT$111.41 million a year earlier. Consolidated revenue rose 60.56 percent year on year to NT$19.17 billion, it said in a statem....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-2w-3d-19h-7m ago

China iron ore logs biggest weekly gain in 2 years on Ukraine crisis

Benchmark iron ore futures in China surged on Friday, clocking their biggest weekly gain in more than two years at nearly 20% on supply disruption fears over the Russia Ukraine conflict. The most traded iron ore futures on the Dalian Commodity Exchange DCIOcv1, for May delivery, extended gains into ....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-2w-3d-19h-7m ago

Australia aids allies seeking to replace Russian coal

The Australian government is helping coal importing nations find alternatives to Russia for supplies by connecting them with local producers, a government spokesperson said on Thursday, as Russia amp 8217 s invasion of Ukraine made buyers look elsewhere. Australia amp 8217 s top independent produc....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-2w-4d-7h-6m ago

Baltic index slips as lower capesize rates offset gains in smaller vessels

The Baltic Exchange amp 8217 s dry bulk sea freight index fell on Thursday, as a dip in capesize rates outweighed gains in the panamax and supramax segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 33 points to 2,104 points. The....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-2w-4d-19h-6m ago

Grain pain in the Black Sea

While the world observes the unfortunate escalation of the Russian invasion of Ukraine and the ripple effect that it is causing in the supply chain of key commodities, this report examines how the disturbing events in Ukraine can affect grain cargo flows and the dry bulk freight market. The Ukraine ....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-2w-4d-19h-6m ago

Asian buyers grapple for wheat supply amid Russia-Ukraine conflict

Global wheat prices have sky rocketed since Russia invaded Ukraine, disrupting supply from the world amp 8217 s largest wheat exporting region while boosting Australia amp 8217 s profile as markets look to shift trade flows. Australian Premium White, or APW, wheat index jumped by $28/mt since Feb.....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-2w-4d-19h-7m ago

Iron ore leads ferrous markets rally on China demand hopes

Benchmark Dalian and Singapore iron ore futures surged on Thursday, buoyed by growing hopes of improved demand for the steelmaking ingredient in China after reports of a possible easing of COVID 19 curbs in the world amp 8217 s top steel producer. The most traded May iron ore contract on China amp ....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-2w-4d-19h-7m ago

Baltic Dry Index falls to 2104 down 33 points

Today, Thursday, March 03 2022 , the Baltic Dry Index decreased by 33 points, reaching 2104 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 2y-1mo-2w-5d-3h-16m ago

China buys US soybeans on good profits, despite peak Brazil export season

China bought soybeans from the United States on Tuesday as American cargoes were competitive against Brazilian shipments, despite it being the peak period for South American soy exports, three sources said. China, the world amp 8217 s top soybean importer, booked at least five cargoes of U.S. soybe....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-2w-5d-7h-7m ago

Baltic index up on firm demand across all vessels

The Baltic Exchange amp 8217 s dry bulk sea freight index rose for a second session on Wednesday, helped by an uptick in rates across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 68 points, or 3.3%, to 2,137 poin....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-2w-5d-19h-6m ago

Baltic Dry Index climbs to 2137 up 68 points

Today, Wednesday, March 02 2022, the Baltic Dry Index climbed by 68 points, reaching 2137 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 2y-1mo-2w-6d-3h-17m ago

China’s Russian coal purchases stall as buyers struggle to secure financing

Chinese traders are scaling back imports of Russian coal as they struggle to secure financing from state banks worried about potential sanctions after Russia invaded Ukraine, in early signs of supply disruption from the world amp 8217 s third largest coal seller. Coal prices from other exporters In....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-2w-6d-7h-7m ago

Baltic index moves higher as rates tick up for all vessels

The Baltic Exchange amp 8217 s dry bulk sea freight index rose on Tuesday, snapping three sessions of declines, thanks to a pick up in rates across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, added 29 points, or 1.4%....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-2w-6d-19h-6m ago

Asia’s coal imports decline, but Ukraine crisis will keep prices up

Asia amp 8217 s imports of coal slumped in February as prices remained close to record highs for both thermal and coking grades, and the crisis in Ukraine means the cost of the fuel is unlikely to retreat any time soon. Seaborne imports of all grades of coal across Asia, the top consuming region fo....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-2w-6d-19h-7m ago

Iron ore soars as China factory growth brightens demand outlook

Benchmark Dalian and Singapore iron ore futures surged to two week highs on Tuesday, underpinned by improving factory activity data in China and bets for additional stimulus measures in the world amp 8217 s top steel producer. The official manufacturing Purchasing Manager amp 8217 s Index remained....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-2w-6d-19h-7m ago

Baltic Dry Index climbs to 2069 up 29 points

Today, Tuesday, March 01 2022, the Baltic Dry Index climbed by 29 points, reaching 2069 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 world....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-3w-3h-17m ago

Baltic index down for third day on lower demand for large vessels

The Baltic Exchange amp 8217 s dry bulk sea freight index fell for a third straight session on Monday on weaker rates for capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax and supramax vessels, slipped 36 points to 2,040. The capesize index fell 74 points....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-3w-19h-6m ago

Jinhui Shipping Expects Strong Dry Bulk Market Moving Forward

The Board of Jinhui Shipping and Transportation Limited the “Company” is pleased to announce the unaudited condensed consolidated results of the Company and its subsidiaries the “Group” for the quarter and year ended 31 December 2021. FOURTH QUARTER AND ANNUAL RESULTS The Group reported ....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-3w-19h-6m ago

Demand and new sales of Russian wheat fade on supply concerns

Export demand for the Russian wheat and new sales faded at the end of last week due to supply risks in the Black Sea, analysts said on Monday. Russia invaded Ukraine on Feb. 24, calling its actions a amp 8220 special operation amp 8221 . amp 8220 There are almost no sales, amp 8221 IKAR agric....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-3w-19h-7m ago

Iron ore prices climb as Russia-Ukraine conflict stokes supply concerns

Benchmark iron ore futures in China and Singapore climbed on Monday over concerns that a prolonged armed conflict between Russia and Ukraine could curb global supply of the key steelmaking ingredient. The most traded May iron ore contract on China amp 8217 s Dalian Commodity Exchange ended daytime ....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-3w-19h-7m ago

Baltic Dry Index falls to 2040 down 36 points

Today, Monday, February 28 2022 , the Baltic Dry Index decreased by 36 points, reaching 2040 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 2y-1mo-3w-1d-3h-17m ago

Dry Bulk Market: Capesizes Suffer from Ukraine Development

Capesize The Capesize market did get off to a positive start this week as rates were building strongly off improved sentiment. But as events in Europe took hold, the market abruptly changed course. The Capesize 5TC reached a high of $18,181 Wednesday before shedding 4155 by weeks end to close at $1....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-3w-1d-19h-6m ago

Grain exporters tap EU supplies as war shuts Ukraine ports -traders

Grain exporters are looking for alternative sources of wheat and corn as a Russian invasion cuts off Ukrainian supplies, with European Union producers Romania and France being used to cover some nearby loadings, traders said on Friday. The conflict has rattled grain markets, with European wheat futu....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-3w-1d-19h-6m ago

India Turns To Brazil For Soyoil Amid Ukraine Crisis; Exports Soar

Brazil amp 8217 s soyoil exports are expected to jump in 2022 driven by demand from India, the world amp 8217 s biggest importer that is facing issues to source vegetable oils from Ukraine, Russia and Indonesia, according to industry sources and government data. amp 8220 India is very active on ....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-3w-1d-19h-7m ago

Baltic index dips as larger vessel rates fall

The Baltic Exchange amp 8217 s dry bulk sea freight index extended losses on Friday, weighed down by lower rates for capesize and panamax vessels as markets assessed the impact of the Ukraine crisis. The overall index, which factors in rates for capesize, panamax and supramax vessels, slipped 111 p....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-3w-3d-19h-6m ago

Baltic Dry Index falls to 2076 down 111 points

Today, Friday, February 25 2022 , the Baltic Dry Index decreased by 111 points, reaching 2076 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 2y-1mo-3w-4d-3h-16m ago

Baltic index snaps 4-day winning streak as larger vessel rates fall

The Baltic Exchange amp 8217 s dry bulk sea freight index snapped a four session winning streak on Thursday, weighed down by lower rates for capesize and panamax vessels as Russia launched an all out invasion of Ukraine. The overall index, which factors in rates for capesize, panamax and supramax v....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-3w-4d-19h-6m ago

Baltic Dry Index falls to 2187 down 57 points

Today, Thursday, February 24  2022 , the Baltic Dry Index decreased by 57 points, reaching 2187 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 ....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-3w-5d-3h-17m ago

Baltic index extends winning streak to 4th day on stronger vessel rates

The Baltic Exchange amp 8217 s dry bulk sea freight index rose for a fourth straight session on Wednesday to its highest in more than six weeks, on gains in rates across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax vessels, rose 96 points to 2,244, i....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-3w-5d-19h-6m ago

Dalian iron ore falls as China intervention fears weigh

Dalian iron ore futures ended lower on Wednesday after a volatile daytime session, as concerns about China amp 8217 s regulatory environment tempered optimism about demand prospects for the steelmaking ingredient in the world amp 8217 s top steel producer. The most traded iron ore for May delivery....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-3w-5d-19h-7m ago

Nova Marine Carriers acquires two more 39000 dwt bulkers

Nova Marina Carriers, the Lugano based shipping company controlled by the Romeo and Bolfo/Gozzi families , just confirmed the purchasing of two new 39.000 dwt bulk carriers, presently owned by the Swire China Navigation group in Hong Kong. These new vessels are due to be delivered, the first in the....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-3w-6d-3h-6m ago

Baltic Dry Index climbs to 2244 up 96 points

Today, Wednesday, February 23 2022, the Baltic Dry Index climbed by 96 points, reaching 2244 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 2y-1mo-3w-6d-3h-16m ago

Baltic index up for third session as vessel rates rise

The Baltic Exchange amp 8217 s dry bulk sea freight index rose for a third straight session on Tuesday, climbing to its highest in more than a month as rates across vessel segments strengthened. The overall index, which factors in rates for capesize, panamax and supramax vessels, rose 103 points to....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-3w-6d-19h-6m ago

Dalian iron ore futures retreat amid concerns of policy risks

Chinese benchmark iron ore futures closed lower on Tuesday, reversing course from a near 5% gain earlier in the session, as investors continued to be worried about policy uncertainties amid government intervention. The most active iron ore futures on the Dalian Commodity Exchange, for May delivery, ....

Hellenic Shipping Dry Bulk Market News Published 2y-1mo-3w-6d-19h-7m ago

Baltic Dry Index climbs to 2148 up 103 points

Today, Tuesday, February 22 2022, the Baltic Dry Index climbed by 103 points, reaching 2148 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 2y-2mo-3h-17m ago

Argentina grains inspectors start 24-hour strike; ‘no impact’ at ports

Argentina amp 8217 s grains inspectors began a 24 hour strike on Monday demanding bonus payments, but port activity and shipments of farm products were not affected in the South American country, the top global exporter of processed soybeans. Juan Carlos Peralta, press secretary of the URGARA union....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-7h-6m ago

Higher rates across vessels propel Baltic index to more than 1-month peak

The Baltic Exchange amp 8217 s dry bulk sea freight index rose to a more than one month high on Monday, boosted by a jump in rates across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax vessels, rose 81 points, or 4.1%, to 2,045, its highest level since....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-19h-6m ago

Supply woes, volatility to keep India’s coal importers on edge

Indian coal importers are bracing for another year of market volatility and supply upheaval as China amp 8217 s efforts to absorb plentiful cargoes to make up for the Australian supply vacuum, as well as production hurdles at mines across the globe due to the pandemic, will keep the market on tente....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-19h-6m ago

BHP’s iron ore profits show why Beijing wants to talk the price down

Tucked away on page 38 of BHP Group’s 39 page presentation of its latest results is as good an explanation as any as to why China desperately wants to talk down the price of iron ore. Under the somewhat bland title of “Key underlying EDITDA sensitivities”, BHP reveals that every $1 change in t....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-19h-7m ago

China coking coal futures jump on tight supply, demand hopes

Chinese coking coal futures extended gains on Monday to a fourth session, surging more than 5%, as supply remained relatively low and demand was expected to recover following the Lunar New Year holidays and the Winter Olympics. Inventories of the metallurgical coal at 247 steel mills and 230 coking ....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-19h-7m ago

China’s daily output of coal rebounds to over 12 mln tonnes

China amp 8217 s coal output returned to more than 12 million tonnes per day as of Feb. 20, the country amp 8217 s state planner said on Monday, a level equal to the average daily production of the fourth quarter of last year. Daily coal output in January and early February was affected by the Chi....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-19h-7m ago

Taylor Maritime agrees charters on four vessels

Taylor Maritime Investments Limited TMI / TMIP , the specialist dry bulk shipping company, announces that one vessel in the fleet has been fixed on a one year time charter and three vessels have been fixed on short term time charters of less than 3 months. Each of the four time charters delivers an....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-1d-3h-6m ago

Baltic Dry Index climbs to 2045 up 81 points

Today, Monday, February 21 2022, the Baltic Dry Index climbed by 81 points, reaching 2045 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 2y-2mo-1d-3h-17m ago

Q1 iron ore demand supported after steel output resumes end-2021

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

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-1d-7h-7m ago

Dry Bulk Market: Strong Finish to a Lackluster Week

Capesize The Capesize market struggled to hold its value this week as rates ebbed away across all routes. Closing Friday some reprieve was found as the Capesize 5TC closed on a positive up note +1888 to settle at $13,888. The Pacific region which experienced stronger swings compared to the other reg....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-1d-19h-6m ago

Baltic Index Gains On Strong Capesize Demand

The Baltic Exchange amp 8217 s dry bulk sea freight index rose on Friday, helped by an uptick in capesize and panamax vessel rates. The overall index, which factors in rates for capesize, panamax and supramax vessels, rose 78 points, or 4.1%, to 1,964. However, the index dropped 0.7% for the week. ....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-3d-19h-6m ago

India makes record U.S. soyoil purchases as drought parches South America

Indian traders have contracted to import a record 100,000 tonnes of soyoil from the United States because of limited supplies from drought hit South America, at a time when prices of rival palm oil are scaling record highs, three dealers told Reuters. The higher purchases from the United States are ....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-3d-19h-7m ago

Dalian iron ore logs worst week in 2 years as China moves to curb rally

Dalian iron ore marked its steepest weekly fall since February 2020, declining for a fifth straight session on Friday, as traders kept a wary eye on Chinese regulators’ intensified efforts to curb a recent surge in prices. Top steel producer China’s state planner, the National Development and Re....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-3d-19h-7m ago

Top wheat importer Egypt not concerned by market disruptions

Egypt, often the world amp 8217 s top wheat importer, is not concerned with the global decline in wheat stocks as it benefits from a diverse pool of suppliers, the supply ministry told Reuters in a statement. amp 8220 Our tender book includes 16 wheat import origins, which provides us with flexib....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-4d-3h-7m ago

Baltic Dry Index climbs to 1964 up 78 points

Today, Friday, February 18 2022, the Baltic Dry Index climbed by 78 points, reaching 1964 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 2y-2mo-4d-3h-16m ago

Baltic index dips on slow capesize vessel activity

The Baltic Exchange amp 8217 s dry bulk sea freight index fell to a one week low on Thursday, as the larger capesize vessel index posted losses for a fifth straight session due to lower volumes. The overall index, which factors in rates for capesize, panamax and supramax vessels, slid 10 points, or....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-4d-19h-6m ago

Grindrod Shipping Holdings Reports 2021 Profits of $132.6 Million As it Discontinues its Tanker Business

Grindrod Shipping Holdings Ltd., a global provider of maritime transportation services predominantly in the drybulk sector, announced its unaudited earnings results for the three months and year ended December 31, 2021. The Group completed the plan to discontinue the tanker business during December ....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-4d-19h-7m ago

Dalian iron ore futures fall for fourth day, weigh on steel prices

China amp 8217 s benchmark iron ore futures dropped for the fourth straight session on Thursday, shedding more than 5% and denting steel prices as investors were still concerned about government interventions on the market. The country amp 8217 s state planner has urged some iron ore traders to re....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-4d-19h-7m ago

Australian wheat seen as ‘safe haven’ amid Russia-Ukraine tensions

Southeast Asian wheat buyers have ramped up enquiries for Australian wheat in recent weeks amid the continued standoff between Moscow and the West over Ukraine. Flour millers in Indonesia, the world amp 8217 s second largest wheat importer behind Egypt, typically relies on Black Sea new crop, parti....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-4d-19h-7m ago

Indonesia parliament calls for bigger domestic sales of coal

Indonesian lawmakers on Thursday called on the government to raise the domestic sales requirement for coal miners to 30per cent on the expectation that energy demand in Southeast Asia amp 8217 s biggest economy will rise in coming years. Coal companies are currently required to sell 25per cent of t....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-4d-23h-6m ago

Baltic Dry Index falls to 1886 down 10 points

Today, Thursday, February 17 2022 , the Baltic Dry Index decreased by 10 points, reaching 1886 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 th....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-5d-3h-17m ago

China could cut soybean demand by 30 mln tonnes

China can reduce its soybean demand by 30 million tonnes by continuing to promote lower soymeal rations in feed and using alternative proteins, the official Xinhua news agency said on Wednesday, citing unnamed agriculture officials. China issued guidelines last year recommending the reduction of soy....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-5d-7h-7m ago

Baltic index dips on weaker demand for larger vessels

The Baltic Exchange amp 8217 s dry bulk sea freight index slipped on Wednesday as lower rates for capesize and panamax vessels outweighed gains in the supramax segment. The overall index, which factors in rates for capesize, panamax and supramax vessels, was down 72 points, or nearly 3.7%, at 1,896....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-5d-19h-6m ago

Golden Ocean Expects Dry Bulk Market Improvement During the Second Half of 2022, Reports its Best Quarterly Result

Golden Ocean Group Limited, the world’s leading owner of large size dry bulk vessels, today announced its unaudited results for the quarter and full year ended December 31, 2021. Highlights • Net income of $203.8 million and earnings per share of $1.02 for the fourth quarter of 2021 compared wit....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-5d-19h-6m ago

Asian buyers of Russian oil, gas and coal

As the Ukraine Russia crisis intensifies and threatens to spark conflict in Europe, analysts warn there may be implications for Asia, where several countries depend on Russia for oil, gas and coal. Any invasion of Ukraine by Russian troops could trigger sanctions and reprisals that would disrupt the....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-5d-19h-7m ago

Firm Asian thermal coal prices, high freight hurt ex-Chinese seaborne deals

Firm seaborne thermal coal prices and volatile freight rates have slowed down interests from Asia amp 8217 s ex Chinese markets like Thailand, Vietnam and India, market sources told S amp 38 P Global Platts. These markets are expected to return in March on hopes that prices and freight would ease ....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-5d-19h-7m ago

Shanghai stainless steel shines, but Dalian iron ore falters

Chinese stainless steel futures jumped to their highest in more than three months on Wednesday, boosted by high input costs and optimism over demand, while iron ore remained pressured by Beijing amp 8217 s sustained efforts to stem any market irregularities. The most traded stainless steel for Marc....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-5d-19h-7m ago

India’s coal imports likely to increase in 2022: Fitch Ratings

India amp 8217 s coal imports are likely to increase marginally in 2022 compared to last year amid a decline in coal prices and a projected increase in higher economic activity, said a report by Fitch Ratings. The report also noted that India amp 8217 s rising domestic coal production and prioriti....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-6d-7h-7m ago

Baltic index snaps 5-day winning streak as larger vessels rates slip

The Baltic Exchange amp 8217 s dry bulk sea freight index snapped a five session winning streak on Tuesday as demand for capesize and panamax vessels weakened. The overall index, which factors in rates for capesize, panamax and supramax vessels, was down 16 points, or 0.81%, at 1,968, breaking its ....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-6d-19h-6m ago

Precious Shipping Expects Dry Bulk Market Imbalance in Favor of Shipowners to Dominate 2022

Our Key Performance Indicators 4th Quarter 2021 Financial Performance US Dollar Terms The results, audited by EY Office Ltd., show you the latest financial position of Precious Shipping Public Company Limited and its subsidiaries amp 8220 the Company amp 8221 . The earnings per day per ship d....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-6d-19h-6m ago

Iron ore plummets as China steps up price misinformation warning

Benchmark iron ore futures plunged on Tuesday, extending Monday amp 8217 s sharp losses, as traders charged out of the commodity amid fears of a China clampdown, with Beijing warning it would act against the spread of misinformation on prices. The most traded iron ore for May delivery on China amp ....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-6d-19h-7m ago

Precious Shipping Expects Dry Bulk Market Imbalance in Favor of Shipowners to Dominate 2022

Our Key Performance Indicators 4th Quarter 2021 Financial Performance US Dollar Terms The results, audited by EY Office Ltd., show you the latest financial position of Precious Shipping Public Company Limited and its subsidiaries amp 8220 the Company amp 8221 . The earnings per day per ship d....

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

China state planner summons iron ore traders amid price volatility – sources

China’s state planner will hold what it called a “reminding and warning” symposium with domestic and foreign iron ore traders on Feb.17 in an effort to ensure market stability, according to two sources and a notice reviewed by Reuters. Iron ore prices have been diving since last Friday after r....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-6d-23h-6m ago

Baltic Dry Index falls to 1968 down 16 points

Today, Tuesday, February 15 2022 , the Baltic Dry Index decreased by 16 points, reaching 1968 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 2y-2mo-1w-3h-17m ago

Abundant lower-quality Asian wheat supplies to fill corn shortage

Record volumes of lower quality wheat from India and Australia are set to fill a gap left in Asia amp 8217 s animal feed market by a shortage of corn exports from South America, where drought is expected to reduce output, traders and analysts told Reuters. Combined wheat production from India and A....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-1w-7h-7m ago

Baltic index rises for 5th session as panamax hits 1-month high

The Baltic Exchange amp 8217 s dry bulk sea freight index rose for a fifth straight session on Monday supported by strong demand for panamax vessels, which hit a one month high. The overall index, which factors in rates for capesize, panamax and supramax vessels, was up 7 points, or 0.4%, at 1,984,....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-1w-19h-6m ago

Thermal coal’s record price run may end up its own worst enemy

The price of benchmark Australian thermal coal rose last week to trade near record highs, providing a short term boost to producers but increasing the risks of longer term pain. The Newcastle index ARGMCCINDX ARG, as assessed by commodity price reporting agency Argus, climbed to $258.59 a tonne in t....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-1w-19h-7m ago

Dalian iron ore retreats as China seeks to cool rally

China amp 8217 s iron ore futures slumped on Monday, after last week amp 8217 s rally that sent the steelmaking ingredient to its highest in more than five months, as traders fretted over warnings from the country amp 8217 s regulators against recent unusual price moves. Apart from the warnings, ....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-1w-19h-7m ago

India cuts tax on crude palm oil imports to help consumers, refiners

India has cut its tax on crude palm oil CPO imports to 5% from 7.5%, the government said in a notification, as the world amp 8217 s biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers. The reduction in the tax, known as the Agricultu....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-1w-23h-6m ago

Egypt says tensions between largest wheat exporters raise market uncertainty

Egypt amp 8217 s supply minister said that tensions between Russia and Ukraine, the two largest wheat exporters, raised uncertainty in the market, with the government currently working on several protective measures, according to state news agency MENA. The government is working on diversifying its....

Hellenic Shipping Dry Bulk Market News Published 2y-2mo-1w-23h-6m ago

Dry Bulk Market: Capesizes Reach Last Year Highs

Capesize The Capesize market this week reached rate levels equivalent of last year’s highs. The 5TC rose $6,242 to settle at the end of the week at $34,762. The Transatlantic C8 roared to life throughout the week and is now the premium paying basin up $12,675 to $37,450. The fronthaul C9 has surpa....

Hellenic Shipping Dry Bulk Market News Published 2y-11mo-3w-5d-20h-6m ago

China a big buyer of new French wheat crop, traders say

Chinese buyers are thought to have booked at least half a million tonnes from the next French wheat harvest, as China looks widely to cover grain import needs heightened by a domestic corn deficit, traders said. The sales were believed to be the first confirmed deals involving the 2021 crop and sugg....

Hellenic Shipping Dry Bulk Market News Published 2y-11mo-3w-5d-20h-7m ago

Baltic index books biggest weekly gain since mid-February

The Baltic Exchange amp 8217 s main sea freight index climbed on Friday to post its best weekly gain since mid February thanks to higher demand for capesize vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 38 points, or....

Hellenic Shipping Dry Bulk Market News Published 2y-11mo-4w-20h-6m ago

Iron ore and China steel output aren’t sticking to the script

The China steel and iron ore market narrative for 2021 was supposed to be pollution led curbs on steel output, coupled with rising iron ore supply, leading to lower prices. Neither is happening. The world’s three biggest iron ore miners all reported lower production in the first quarter of this ye....

Hellenic Shipping Dry Bulk Market News Published 2y-11mo-4w-20h-6m ago

Russia on course to keep global grain supplies high despite export cap

Exports of Russian wheat and meslin flour more than doubled in January February when compared with the same period of 2020, amounting to 7.59 million tons, according to the Federal State Statistics Service. In monetary terms, wheat supplies abroad more than doubled to $1.884 billion. Exports of vege....

Hellenic Shipping Dry Bulk Market News Published 2y-11mo-4w-1d-4h-7m ago

Baltic Dry Index climbs to 2788 up 38 points

Today, Friday , April 23 2021 , the Baltic Dry Index climbed by 38 points, reaching 2788 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 worl....

Hellenic Shipping Dry Bulk Market News Published 2y-11mo-4w-1d-4h-16m ago

Capesize strength propels Baltic index to 10-1/2-yr high

The Baltic Exchange amp 8217 s main sea freight index that tracks rates for ships carrying dry bulk commodities extended gains, rising to its highest since late 2010 on Thursday as capesize rates jumped on strong Chinese iron ore demand. The index, which factors in rates for capesize, panamax, supr....

Hellenic Shipping Dry Bulk Market News Published 2y-11mo-4w-1d-20h-6m ago

Ukraine’s grain exports down 23.1% so far in 2020/21 season

Ukraine amp 8217 s grain exports have fallen by 23.1% to 37.5 million tonnes so far this season, which runs from July 2020 to June 2021, agriculture ministry data showed on Wednesday. The exports included 14.7 million tonnes of wheat, 18.1 million tonnes of corn and 4.1 million tonnes of barley, th....

Hellenic Shipping Dry Bulk Market News Published 3y-4h-6m ago

Baltic Dry Index climbs to 2750 up 40 points

Today, Thursday  , April 22 2021 , the Baltic Dry Index climbed by 40 points, reaching 2750 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 3y-4h-16m ago

China’s soybean imports from U.S. surge in March, Brazilian imports slide

China amp 8217 s March soybean imports from Brazil plunged as rain delayed some shipments from the world amp 8217 s top exporter, but U.S. bean imports rocketed more than fourfold as delayed cargoes arrived, hitting the highest monthly total since December 2016. The world amp 8217 s biggest buyer....

Hellenic Shipping Dry Bulk Market News Published 3y-8h-7m ago

Baltic index leaps to over 10-year peak on capesize surge

The Baltic Exchange amp 8217 s main sea freight index surged to its highest in over a decade on Wednesday, powered by a jump in the larger capesize vessel segment on increasing iron ore shipments from Brazil. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessel ferryin....

Hellenic Shipping Dry Bulk Market News Published 3y-20h-6m ago

Reshaping grain trade? China acts to change animal feed recipes

China issued guidelines on Wednesday recommending the reduction of corn and soymeal in pig and poultry feed, a measure that could reshape the flow of grains into the world’s top corn and soybean buyer. Chinese feed makers have already been switching corn for cheaper alternatives, especially wheat,....

Hellenic Shipping Dry Bulk Market News Published 3y-20h-7m ago

Brazil’s April soybean exports gain momentum on third-week surge: sources

Brazilian soybeans exports in the first three weeks of April surpassed the year ago level due to higher exports in the third week of the month, sources said April 20, which is likely to support domestic oilseed prices. According to the foreign trade department amp 8217 s report released April 19, B....

Hellenic Shipping Dry Bulk Market News Published 3y-20h-7m ago

Baltic Dry Index climbs to 2710 up 238 points

Today, Wednesday , April 21 2021 , the Baltic Dry Index climbed by 238 points, reaching 2710 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 3y-1d-4h-16m ago

Baltic index rises on higher panamax, supramax rates

The Baltic Exchange amp 8217 s main sea freight index climbed to its highest in more than one and a half years on Tuesday as strong demand for panamax and supramax vessels offset weakness in the larger capesize segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax ves....

Hellenic Shipping Dry Bulk Market News Published 3y-1d-20h-6m ago

Capesize dry bulk earnings break record on the back of strong 2021-start

As daily earnings for the largest of the dry bulk ship types – capesize amp 8211 reached USD 28,520 on Friday 16 April, a ten year high was attained. However, whereas Fridays’ daily average time charter equivalent earnings TCE are seasonally strong, they are not special by their own merit. ....

Hellenic Shipping Dry Bulk Market News Published 3y-1d-20h-6m ago

SSY Futures completes first Handysize 38 FFA trades

SSY Futures Ltd is pleased to announce that on the first day of its launch, 19 April 2021, it completed the first Handysize 38,000 dwt FFA trades on both the Singapore Exchange SGX and European Energy Exchange EEX for the April and May contracts. Mark Douglas who is leading the new contract from....

Hellenic Shipping Dry Bulk Market News Published 3y-1d-20h-6m ago

Baltic Dry Index climbs to 2472 up 40 points

Today, Tuesday , April 20 2021 , the Baltic Dry Index climbed by 40 points, reaching 2472 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 3y-2d-4h-17m ago

Higher vessel rates lift Baltic index to 1-1/2-yr peak

The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to 1 1/2 year peak on Monday as demand improved across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 47 points, or 2%....

Hellenic Shipping Dry Bulk Market News Published 3y-2d-20h-6m ago

Strong global steel demand lifts Asia’s iron ore benchmarks

Iron ore prices in Asia rose on Monday, buoyed by strong demand for steel products in China and overseas, and as Chinese steel mills continued to ramp up output despite the government amp 8217 s scrutiny of their compliance with stricter anti pollution rules. The most traded September iron ore on C....

Hellenic Shipping Dry Bulk Market News Published 3y-2d-20h-7m ago

Baltic Dry Index climbs to 2432 up 47 points

Today, Monday , April 19 2021 , the Baltic Dry Index climbed by 47 points, reaching 2432 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 worl....

Hellenic Shipping Dry Bulk Market News Published 3y-3d-4h-16m ago

Dry Bulk Market: Capesizes Reach New 2021-High

Capesize The market turned for all Capesize routes this past week as the BCI reached new highs for the year. The Capesize 5TC started the week at $23,911, surged early in the week before a lull mid week. It closed out with a strong gain of 4,339 for the week to $28,250. Both basins had a ... The pos....

Hellenic Shipping Dry Bulk Market News Published 3y-3d-20h-6m ago

Baltic index posts second weekly jump as vessel demand grows

The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, was up on Friday, advancing for a second week in a row, on higher rates across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, cli....

Hellenic Shipping Dry Bulk Market News Published 3y-5d-20h-6m ago

China’s Q1 coal output rises 16% on strong demand for winter heating

China’s coal output rose 16% in the first quarter from the same period last year, bolstered by strong demand for winter heating and robust industrial activity. China churned out 970.56 million tonnes of coal between January and March, up from 829.91 million tonnes in the same period in 2020, data ....

Hellenic Shipping Dry Bulk Market News Published 3y-5d-20h-7m ago

Fortescue celebrates 1.5 billion tonnes shipped from Pilbara operations

Fortescue Metals Group Fortescue has marked a significant milestone for its Pilbara operations, exporting over 1.5 billion tonnes of iron ore since it was first established in 2003. It comes less than three years after the Company celebrated shipping its billionth tonne from Herb Elliott Port in P....

Hellenic Shipping Dry Bulk Market News Published 3y-5d-20h-7m ago

Dalian coking coal futures surge as safety inspections stoke supply concerns

Chinese coking coal futures surged almost 6% on Friday, climbing to a three month peak, after some major coal producing regions ramped up their safety inspections, stoking supply concerns. Authorities in provinces and region including Shanxi, Henan and Inner Mongolia have recently stepped up inspect....

Hellenic Shipping Dry Bulk Market News Published 3y-5d-20h-7m ago

Baltic Dry Index climbs to 2385 up 62 points

Today, Friday , April 16 2021 , the Baltic Dry Index climbed by 62 points, reaching 2385 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 worl....

Hellenic Shipping Dry Bulk Market News Published 3y-6d-4h-17m ago

Baltic index scales over 1-year peak as vessel rates jump

The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to its highest level since September 2019 on Thursday as demand strengthened across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax ve....

Hellenic Shipping Dry Bulk Market News Published 3y-6d-20h-6m ago

China iron ore futures recoup on wide spread with spot prices, strong demand

China’s iron ore futures rose as much as 4.4% on Thursday staging a smart recovery from the previous session on a big spread between spot cargoes and futures and demand for the steelmaking ingredient strengthened. “There have been speculations that other places like Handan city in Hebei will als....

Hellenic Shipping Dry Bulk Market News Published 3y-6d-20h-7m ago

Baltic Dry Index climbs to 2323 up 145 points

Today, hursday , April 15 2021 , the Baltic Dry Index climbed by 145 points, reaching 2323 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 3y-1w-4h-17m ago

Chinese customs data shows strong iron ore demand

Imports of iron ore in China have jumped a whopping 19% to 102.11 million tonnes in March vs the prior year according to Tuesday amp 8217 s official customs data. A Reuters report highlighted that world’s top base metal and iron ore consumer brought in 283.44 million tonnes of the steelmaking ing....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-8h-7m ago

Rising vessel rates propel Baltic index to near 3-week crest

The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, ticked higher on Wednesday on higher activity across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, gained 38 points, or 1.8%, to....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-20h-6m ago

Chinese mills shift iron ore procurement preference; JMBF slips into discounts

The Australian Jimblebar Blend Fines, or JMBF, slipped from premiums into discounts against the 62% Fe index as demand for iron ore fines with lower ferrous content and higher impurity levels dropped due to stricter quality requirements among Chinese steelmakers amid high margins. BHP on April 14 of....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-20h-7m ago

Baltic Dry Index climbs to 2178 up 38 points

Today, Wednesday , April 14 2021 , the Baltic Dry Index climbed by 38 points, reaching 2178 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 3y-1w-1d-4h-17m ago

Baltic Index Drifts Lower On Panamax Weakness

The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell on Tuesday, as lower panamax vessel rates outweighed a slight gain in the larger capesize segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax vess....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-1d-20h-6m ago

China March iron ore imports jump 19% on rising shipments, firm demand

China’s iron ore imports rose in March from relatively low levels a year earlier, customs data showed on Tuesday, with demand for the steelmaking ingredient underpinned by robust industrial activity. The world’s biggest iron ore consumer brought in 102.11 million tonnes of the raw material last ....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-1d-20h-6m ago

SHIPPING Q1: Dry bulk freight market’s surprise strength extends into Q2

Pent up demand for commodities from grains to coal powered a surprisingly strong recovery in the dry bulk shipping market in the first quarter, with both freight levels and earnings reaching multi year highs amp 8212 and that momentum is continuing in Q2. Although uncertainties still loom large d....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-1d-20h-6m ago

China’s Q1 soybean, grains imports surge on strong demand

China’s imports of soybeans, as well as grains like corn and wheat, soared in the first quarter, boosted by strong demand from the livestock sector, data from customs showed on Tuesday. Soybean imports almost doubled in March alone year on year, according to customs data, as cargoes of beans from ....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-1d-20h-6m ago

China commodity imports in Jan-March

China’s General Administration of Customs released first quarter imports data on Tuesday for most major commodities. Here are comments from analysts on the data: KEY POINTS: *Crude oil: Q1 imports were at 139 million tonnes *Natural gas: Q1 imports were at 29.39 million tonnes *Iron ore: Q1 import....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-2d-6m ago

Baltic Dry Index falls to 2140 down 5 points

Today, Tuesday, April 13 2021 , the Baltic Dry Index decreased by 5 points, reaching 2140 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 3y-1w-2d-4h-17m ago

US may replace Ukraine as China’s top source of corn in 2021: experts

The US will likely surpass Ukraine as China amp 8217 s top source of corn this year for the first time since 2015, as China amp 8217 s corn imports from the US continue to grow amid increasing demand, soaring prices and the China US phase one trade agreement, experts said on Sunday. Since March 20....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-2d-8h-7m ago

Higher capesize rates lift Baltic index to 2-week high

The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, advanced on Monday, supported by improved demand for capesize vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 60 points, or 2.9%, a....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-2d-20h-6m ago

China’s weekly coastal bulk freight index up

China amp 8217 s coastal bulk freight market saw an increase in general demand in the week ending Friday, according to the Shanghai Shipping Exchange SSE . The composite index for coastal bulk freight rose 2.2 percent week on week to 1,309.11, the SSE said. The coal sub index climbed 2.9 percent t....

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

Baltic Dry Index climbs to 2145 up 60 points

Today, Monday , April 12 2021 , the Baltic Dry Index climbed by 60 points, reaching 2145 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 worl....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-3d-4h-17m ago

China is paying a high price for its ban on Australian coal

China is paying a high price for its unofficial ban on coal imports from Australia, with the cost of domestic and alternative foreign supplies rising for both thermal and coking grades of the fuel. China, the world’s biggest importer, producer and consumer of coal, has effectively ended imports fr....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-3d-8h-7m ago

India, Indonesia benefit as China’s ban on Australian coal reshapes trade flows

India and Indonesia have emerged as key beneficiaries of a Chinese ban on Australia amp 8217 s coal exports which is expected to further shift global trade in the fuel used for power generation and steelmaking this year. Australia, the world amp 8217 s biggest coal exporter, will continue to benef....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-3d-8h-7m ago

Geared dry bulk freight rates hit a ten-year high thanks to backhaul demand with stronger container market but downside risk remains in Q2

As we have discussed in the previous freight rate forecast publications, there has been upside risk for our last assumption for near term freight forecast, specifically for sub Panamax grain tonnages, owing to a unusual high congestion, b strong coal employments with record low cold weather in e....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-3d-20h-6m ago

Dry Bulk Market: Steady Improvement the Norm

Capesize The Capesize market continued this week with its constant and relatively steady improvement in rate values. The Capesize 5TC lifted 4,058 over the shortened post Easter holiday week to $23,911. While the Transpacific C10 remains the premium paying basin at $27,221, the Atlantic Basin C8 has....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-3d-20h-6m ago

Baltic index logs weekly gain on buoyant capesize rates

The Baltic Exchange amp 8217 s main sea freight index slipped on Friday, but ended higher for the first week in three on stronger capesize vessel rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was down 3 points, or 0.1%, at 2,085. The index was up 0.6% t....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-5d-20h-6m ago

China raises corn import forecast for 2020/21 to 22 mln T – ministry

China amp 8217 s agriculture ministry significantly raised its forecast for 2020/21 corn imports on Friday, reflecting actual market demand for the grain due to a spike in the crop amp 8217 s domestic prices during the year. China is expected to import 22 million tonnes of corn in 2020/21 year, th....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-5d-20h-7m ago

Commodity Shipping Rates Are Surging And The Rally Isn’t Over

For a glimpse of how quickly and unevenly economies are recovering from the pandemic, look no further than the market for shipping raw materials. Rising demand for everything from soybeans to steel has sent the cost of hauling dry goods soaring more than 50% this year. Manufacturing, which first pic....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-5d-20h-7m ago

Baltic Dry Index falls to 2085 down 3 points

Today, Friday, April 09 2021 , the Baltic Dry Index decreased by 3 points, reaching 2085 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 worl....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-6d-4h-17m ago

Baltic index dips on lower panamax, supramax demand

The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, eased on Thursday as weaker panamax and supramax rates outweighed a rise in the larger capesize segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax ves....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-6d-20h-6m ago

Pieces of the changed Eastern coal market puzzle fall into place

The Chinese ban on coal imports from Australia has shaken up coal trades in the east. In the absence of Australian coal exports to China, other exporters have been scrambling to fulfil China’s coal demand. As a result, some countries are lacking their usual coal imports, a gap which Australia on t....

Hellenic Shipping Dry Bulk Market News Published 3y-1w-6d-20h-6m ago

Baltic Dry Index falls to 2088 down 39 points

Today, Thursday, April 08 2021 , the Baltic Dry Index decreased by 39 points, reaching 2088 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 3y-2w-4h-17m ago

Baltic index touches over one-week peak on capesize strength

The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to a more than one week high on Wednesday on higher demand for capesize vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose 35 point....

Hellenic Shipping Dry Bulk Market News Published 3y-2w-20h-6m ago

Baltic Dry Index climbs to 2127, up 35 points

Today, Wednesday , April 07 2021 , the Baltic Dry Index climbed by 35 points, reaching 2127 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 3y-2w-1d-4h-17m ago

Higher capesize rates buoy Baltic index

The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose on Tuesday as stronger demand for capesize vessels offset a dip in panamax and supramax rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels,....

Hellenic Shipping Dry Bulk Market News Published 3y-2w-1d-20h-6m ago

China diversifies iron ore sources amid strained ties with Australia

Chinese companies are diversifying their exploitation of iron ore in Africa at a record pace amid soaring prices and strained relations with Australia, which experts said signals that China is reducing reliance on amp 8220 unfriendly amp 8221 Australia for this key resource. They urged Australia....

Hellenic Shipping Dry Bulk Market News Published 3y-2w-1d-20h-6m ago

US thermal coal exports may tighten despite recent price rises: Platts Analytics

Downside potential for US thermal coal exports remains for 2021 despite recent rises in prices, S amp 38 P Global Platts Analytics warned. The increase in US thermal coal prices, particularly those in the Central Appalachian basin, amp 8220 is tied to the recovery of CIF Amsterdam Rotterdam Antwe....

Hellenic Shipping Dry Bulk Market News Published 3y-2w-1d-20h-7m ago

Baltic Dry Index climbs to 2092, up 46 points

Today, Thuesday , April 06 2021 , the Baltic Dry Index climbed by 46 points, reaching 2092 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 3y-2w-2d-4h-17m ago

How China’s Surge of Iron Ore Imports Seems to be Impacting Global Steel Production

Back in the first quarter of 2020, China imposed economic lockdowns to combat the spread of coronavirus—an action that initially hit global prices of iron ore. But since reopening, China amp 8217 s economy has significantly bounced back into growth, causing a major swing in demand for steel produ....

Hellenic Shipping Dry Bulk Market News Published 3y-2w-2d-20h-7m ago

Baltic Dry Index climbs to 2046, up 4 points

Today, Monday , April 05 2021 , the Baltic Dry Index climbed by 4 points, reaching 2046 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 world....

Hellenic Shipping Dry Bulk Market News Published 3y-2w-3d-4h-17m ago

Baltic index rises as capesize rates hit 2-month high

The Baltic Exchange amp 8217 s main sea freight index, which tracks rates for capesize, panamax and supramax vessels, rose on Thursday, helped by strong demand for capesize vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose 26 points, or 1.2%, to 2,07....

Hellenic Shipping Dry Bulk Market News Published 3y-2w-6d-20h-6m ago

Gains for larger vessels propel Baltic index to best quarter in 3

The Baltic Exchange amp 8217 s main sea freight index posted its biggest quarterly rise since June 2020 on Friday, propelled by strong gains for larger vessels, with the panamax segment marking its best quarter in over six years on robust U.S. grain exports. The Baltic dry index, which tracks rates....

Hellenic Shipping Dry Bulk Market News Published 3y-3w-20h-6m ago

Dalian iron ore dips on environmental curbs, spot price tracking

China’s benchmark iron ore futures dropped on Wednesday, as the country’s environmental policy implementation weighed on demand for the steelmaking ingredient, while traders were shifting positions for most traded contract ahead of May delivery. The environment regulator in China’s top steelma....

Hellenic Shipping Dry Bulk Market News Published 3y-3w-20h-7m ago

Baltic Dry Index falls to 2042 down 116 points

Today, Wednesday, March 31 2021 , the Baltic Dry Index decreased by 116 points, reaching 2042 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 3y-3w-1d-4h-16m ago

Baltic index falls on softer demand for vessels

The Baltic Exchange amp 8217 s main sea freight index that tracks rates for ships ferrying dry bulk commodities declined on Tuesday, weighed down by muted demand across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was down 59 points, or 2.7%,....

Hellenic Shipping Dry Bulk Market News Published 3y-3w-1d-20h-6m ago

China coking coal futures gain on tight supplies, restocking demand

Chinese coking coal futures extended gains for a fourth session on Tuesday, as supply concerns rose after coal mine inspections and falling imports, with restocking demand at coking plants propping up prices further. Analysts with GF Futures noted that safety inspections at coal mines in Shanxi prov....

Hellenic Shipping Dry Bulk Market News Published 3y-3w-1d-20h-7m ago

India’s coal import drops 14% to 196.13 million tonne in Apr-Feb FY21

India amp 8217 s coal import dropped 13.6 per cent to 196.13 million tonne MT in the April February period of the ongoing fiscal year. The country had imported 227.23 MT of coal in the year ago period, according to a report by mjunction services. mjunction amp 8212 a joint venture between Tata....

Hellenic Shipping Dry Bulk Market News Published 3y-3w-2d-8h-7m ago

Baltic index at near 2-week low as vessel rates ease

The Baltic Exchange amp 8217 s main sea freight index that tracks rates for ships ferrying dry bulk commodities fell on Monday to its lowest since mid March, as rates dipped across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was down 16 poin....

Hellenic Shipping Dry Bulk Market News Published 3y-3w-2d-20h-6m ago

Australia’s rain will become India’s pain as coal flows halt

Heavy rains and the worst floods in 50 years have shut the world’s largest coal export harbour, but the impact from the closure of Australia’s Newcastle port is likely to hit hardest in India. Rainfall of more than 1 metre 3.3 feet in places in the past few days, and the threat of more to come....

Hellenic Shipping Dry Bulk Market News Published 3y-3w-2d-20h-7m ago

Australia sees record $104 billion of iron ore exports this financial year

Australia expects to log a record A$136 billion $103.85 billion from iron ore exports this financial year, as global steel making recovers after a COVID 19 led downturn, a government report showed on Monday. The country’s most valuable economic export is expected to earn more than A$100 billion ....

Hellenic Shipping Dry Bulk Market News Published 3y-3w-2d-20h-7m ago

Baltic Dry Index falls to 2162, down 109 points

Today, Monday, March 29 2021 , the Baltic Dry Index decreased by 109 points, reaching 2162 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 3y-3w-3d-4h-17m ago

Grain from Russia may help China diversify imports

Russia amp 8217 s exports of corn, for which China has skyrocketing demand, may rise in the coming years with the country amp 8217 s huge output potential, warm political relations and logistics advantages, a major Chinese grain importer told the Global Times. While China amp 8217 s reliance on i....

Hellenic Shipping Dry Bulk Market News Published 3y-3w-3d-8h-7m ago

Dry Bulk Market: Capesize Market Softens With Low Activity in Both Basins

Capesize A more tempered week saw rates soften across all routes with low activity in both basins. Resilience and strong optimism still remains from Owners, yet the tailwinds from smaller classes turned to headwinds early in the week as market sentiment across shipping and commodities took a downwar....

Hellenic Shipping Dry Bulk Market News Published 3y-3w-3d-20h-6m ago

China production cuts won’t end iron ore boom

Strict environmental controls designed to curb steel production in China are unlikely to signal the end of the boom in iron ore prices, and miners producing higher grades of iron ore are likely to see a benefit from the restrictions. The price of spot iron ore fell 2.7 per cent to a six week low of ....

Hellenic Shipping Dry Bulk Market News Published 3y-3w-3d-20h-7m ago

Baltic index gains on higher capesize rates, but posts weekly fall

The Baltic Exchange amp 8217 s main sea freight index, which rose on Friday as rates for capesize vessels improved, recorded its biggest weekly drop since early February. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose 6 points, or 0.3%, to 2,178. However, ....

Hellenic Shipping Dry Bulk Market News Published 3y-3w-5d-19h-6m ago

Iron ore heads for first weekly gain in four on China steel demand

Asia amp 8217 s benchmark iron ore futures advanced on Friday and headed for their first weekly jump in four, as declining steel inventories and rising demand in China lifted sentiment toward the steelmaking ingredient. Stocks of the five major finished steel products held by 184 Chinese mills regu....

Hellenic Shipping Dry Bulk Market News Published 3y-3w-5d-19h-7m ago

France should boost wheat quality to lift China exports -COFCO

France’s grain sector needs to offer higher quality wheat to meet Chinese industry needs and strengthen phytosanitary checks if it wants to further expand sales to China, a senior manager at COFCO International said. The volume of French wheat exports to China has surged in the past year, as Franc....

Hellenic Shipping Dry Bulk Market News Published 3y-3w-6d-7h-7m ago

Second-hand bulk market heading for record year as 279 ships trade hands so far

The ownership of dry bulk ships has changed hands at blistering speed in the first three months of 2021. The course is now set for a record year in the bulk ship sale and purchase market. A total of 794 ships were bought and sold in 2020, with the smaller sectors of Handysize and Supramax ... The po....

Hellenic Shipping Dry Bulk Market News Published 3y-3w-6d-19h-6m ago

Baltic index dips on weaker demand for panamax, supramax vessels

The Baltic Exchange amp 8217 s main sea freight index that tracks rates for ships ferrying dry bulk commodities declined on Thursday, as a rise in capesize rates was offset by lower rates for panamax and supramax vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax v....

Hellenic Shipping Dry Bulk Market News Published 3y-3w-6d-19h-6m ago

Steel trade only marginally affected by Suez blockage: sources

Tuesday amp 8217 s Suez Canal blockage by a huge wayward cargo ship is likely to have only a marginal effect on steel imports and exports in Europe if vessels can pass through normally again within the next days, but any delay in material arriving will further intensify the current shortage in flat....

Hellenic Shipping Dry Bulk Market News Published 3y-3w-6d-19h-7m ago

Baltic index snaps 6-day win streak on lower vessel rates

The Baltic Exchange amp 8217 s main sea freight index tracking rates for ships ferrying dry bulk commodities snapped a six session winning streak on Tuesday, weighed down by weaker demand across all vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels....

Hellenic Shipping Dry Bulk Market News Published 3y-4w-1d-19h-6m ago

The U.S. and Brazil are Vying to Meet China’s Soybean Demand

The U.S. soybean market is seeing continued strong Chinese demand, while Brazil struggles to bring in its oilseed harvest. Unexpectedly high Chinese demand is drawing down already tight U.S. supplies, propelling CBOT U.S. soybean futures prices to nearly seven year highs. The strong gains will likel....

Hellenic Shipping Dry Bulk Market News Published 3y-4w-1d-19h-6m ago

Floods in eastern Australia hit coal mining operations, supply chains

Floods in eastern Australia, affecting the states of New South Wales and Queensland, have impacted operations at coal mines in the region, stalled railway transportation, affected port schedules and disrupted supply chains in general, mainly for thermal coal exports. With weather conditions getting ....

Hellenic Shipping Dry Bulk Market News Published 3y-4w-1d-19h-7m ago

Baltic Dry Index falls to 2271, down 48 points

Today, Tuesday, March 23 2021 , the Baltic Dry Index decreased by 48 points, reaching 2271 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 3y-4w-2d-3h-17m ago

Baltic index rises to over 1-year high on firm demand across vessels

The Baltic Exchange amp 8217 s main sea freight index tracking rates for ships ferrying dry bulk commodities scaled an over one year peak on Monday, propelled by higher rates across vessel segments, with panamax rates touching an over 10 year high. The Baltic dry index, which tracks rates for capes....

Hellenic Shipping Dry Bulk Market News Published 3y-4w-2d-19h-6m ago

China tariff on Australia’s barley reshapes global trade

Barley prices around the world are rising sharply as China sucks in crops from elsewhere after hitting Australia with steep tariffs last year as part of a diplomatic spat. Prior to May 2020, Australia was China amp 8217 s main barley source. But Chinese importers are now escaping the whopping 80.5%....

Hellenic Shipping Dry Bulk Market News Published 3y-4w-2d-19h-6m ago

Australian Coal Exports Disrupted As Deluge Shuts Rails, Slows Port

Coal deliveries to Australia’s Port of Newcastle, the world’s biggest coal export port, have been halted because flooding in the Hunter Valley region has shut rail lines, with heavy rains also slowing ship movements at the port. Heavy rains along Australia’s east coast over several days have c....

Hellenic Shipping Dry Bulk Market News Published 3y-4w-2d-19h-6m ago

China iron ore, coke futures tumble on Tangshan pollution clampdown

Chinese iron ore and coke futures tumbled on Monday, dragged down by concerns over weak demand for the steelmaking ingredients, as markets eyed the possibility of further production cuts in the top steel producing city of Tangshan. China, which accounts for more than half of the world amp 8217 s st....

Hellenic Shipping Dry Bulk Market News Published 3y-4w-2d-19h-7m ago

Baltic Dry Index climbs to 2319, up 38 points

Today, Monday , March 22 2021 , the Baltic Dry Index climbed by 38 points, reaching 2319 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 worl....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3h-17m ago

Dry Bulk Market: Capesizes Gaining Momentum

Capesize A steady build for the Capesize market saw the 5TC lift $2,696 to settle the week at $19,437. The trajectory of gains appeared more sustainable this week as pressure continued to build on charterers. Significant tail winds are thought to be coming from the smaller sizes as they have continu....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-19h-6m ago

S. Africa: Exxaro warns two millions tons in coal exports at risk amid Transnet railing problems

Some 2mt of Exxaro’s planned coal exports during 2021 are “at risk” because Transnet Freight Rail TFR is having problems railing the coal to the Richards Bay Coal Terminal RBCT according to Nombasa Tsengwa – head of Exxaro’s minerals business. Tsengwa said the main problem being experi....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-23h-6m ago

Baltic index gains for third week as larger vessel rates rise

The Baltic Exchange amp 8217 s main sea freight index gained for a third straight week on Friday, as rates for the larger capesize and panamax vessel segments rose. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 66 points, or ....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2d-19h-6m ago

Dalian iron ore, coke futures drop on prospects of more Tangshan output cuts

Chinese iron ore and coke futures on the Dalian Commodity Exchange slumped on Friday as traders fretted over prospects of further production cuts in the top steelmaking city of Tangshan. A notice issued by Tangshan government circulating in the steel industry on Friday showed output curbs could last....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2d-19h-7m ago

Baltic Dry Index climbs to 2281, up 380 points

Today, Friday , March 19 2021 , the Baltic Dry Index climbed by 380 points, reaching 2281 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 3y-1mo-3d-3h-16m ago

Discharging soyabeans in China

Notwithstanding measures taken by Masters and crews at the loading port and during the sea voyage, soya beans shipped on vessels may still deteriorate as a result of high moisture content, high temperature, as well as prolonged storage period on board due to delay/lack of discharge instructions by c....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3d-7h-6m ago

Baltic index at 1-1/2 year peak on robust vessel demand

The Baltic Exchange amp 8217 s main sea freight index hit a one and a half year high on Thursday propped up by stronger demand for all vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 110 points, or 5.2%, to 2,2....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3d-19h-6m ago

China’s soybean demand seen steady on strong hog herd recovery from ASF

China amp 8217 s soybean demand is seen steady on strong hog herd recovery from the African swine fever epidemic, market sources told S amp 38 P Global Platts March 18. With the hog herd recovery on a swifter than expected curve, China amp 8217 s soybean demand has also been projected to hit reco....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3d-19h-7m ago

Baltic index jumps as panamax rates hit over 10-year high

The Baltic Exchange amp 8217 s main sea freight index on Wednesday climbed to a near 1 1/2 year high as panamax rates scaled a more than 10 year peak on China grain demand. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 88 poi....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-4d-19h-6m ago

China’s One-Sided Recovery Drives Iron Ore Market Back Up

In the first two months of 2021, Brazilian iron ore exports have risen by 9.1% to 53.0m tonnes, driven by China. So far this year, 35.2m tonnes of iron ore has been exported to China, representing a 15.2% increase from the same period last year and standing in contrast to slightly declining exports ....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-4d-19h-6m ago

Dalian coking coal leaps as plants ramp up production to chase profit

Chinese coking coal futures rose more than 3% to a nearly one month high on Wednesday, propped up by strong demand as coking plants are actively producing to chase profits despite a recent drop in spot coke prices. Some steel mills started to lower their purchase price of coke for the fifth time thi....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-4d-19h-7m ago

Iron ore demand recovering outside China, but will it be enough?

The price of spot iron ore for delivery to north China has fallen in recent sessions as the market struggles to work through a competing series of both bullish and bearish factors. On the bearish side is some restrictions placed on steel production in the major Chinese producing city of Tangshan in ....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-5d-7h-7m ago

Baltic index gains on firmer capesize, panamax rates

The Baltic Exchange amp 8217 s main sea freight index rose on Tuesday to its highest level since early October, driven by stronger rates for capesize and panamax vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 34 point....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-5d-19h-6m ago

Iron ore shipments fall 11% on month in Feb, fueling high prices

Iron ore shipments by Rio Tinto, BHP, Vale, Fortescue Metals Group and Roy Hill in Australia, along with Saldanha port in South Africa, fell 11.2% month on month in February but were up 3.3% year on year, according to S amp 38 P Global Platts amp 8217 trade flow software, cFlow. February shipment....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-5d-19h-6m ago

China books 1.16 mil mt of US corn, first big flash sale in weeks

Chinese buyers booked 1.16 million mt of US corn for delivery in the 2020 21 marketing season, the first such large daily flash sale reported since January, the US Department of Agriculture said March 16. This takes China amp 8217 s total commitments for US corn to a record 19.89 million mt in 2020....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-5d-19h-7m ago

Continued competition and economic uncertainty to reign in coal market optimism in 2021

There is optimism for coal markets in 2021, but the extent of it remains unknown given competing factors and continued economic uncertainty, Andy Blumenfeld, heads of market analytics at IHS Markit, said March 10. amp 8220 In terms of the outlook, a recovery is happening and it amp 8217 s quite c....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-5d-19h-7m ago

China’s huge wheat stocks may have peaked last year as feeding rises -Braun

China’s wheat carryout in 2020 21 is set to fall for the first time in eight years, though that is not saying much given that the world’s leading grower has more than a year’s worth of supply in storage. What other countries might consider excess inventory is China’s exact intent. Beijing ma....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-5d-19h-7m ago

Baltic index hits over five-month peak as vessel rates firm

The Baltic Exchange amp 8217 s main sea freight index rose to its highest in more than five months on Monday, as rates across vessel segments strengthened. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 23 points, or 1.2%, to ....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-6d-19h-6m ago

China iron ore futures drop on Tangshan curbs, steel resilient amid firm demand

Chinese iron ore futures dropped more than 6% on Monday after top steelmaking city Tangshan pledged to cut emissions by 50% during the heavy pollution period and punish those who fail to implement production curbs. The most active iron ore on the Dalian Commodity Exchange , for May delivery, slumped....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-6d-19h-7m ago

Dry Bulk Market: Capesize Market Edges Higher

C apesize It was another rollercoaster week with high activity on the west Australia and Brazil to China routes. The Capesize 5TC opened the week at $14,794 to move quickly up to $17,889 at midweek before tailing off towards the weekend at $16,741. While the Transatlantic C8 was a calm seas story, t....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-1w-19h-6m ago

U.S. white wheat growers cash in as China snaps up supplies

China is scooping up supplies of U.S. white wheat to feed livestock, pushing export forecasts for the grain usually used to make sponge cakes and noodles to a 27 year high. The purchases are the latest disruption in commodities markets caused by Chinese buying of grains and oilseeds during the coron....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-1w-19h-7m ago

Baltic index registers second straight weekly gain

Lower capesize rates weighed down the Baltic Exchange amp 8217 s main sea freight index on Friday, though it posted a second consecutive weekly gain. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, dropped 10 points, or 0.5%, to 1,9....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-1w-2d-19h-6m ago

Iron ore sees year’s second-worst week on China pollution crackdown

Benchmark Asian iron ore futures fell on Friday and were on track for their second biggest weekly loss so far this year, as moves in China to restrict steel mills’ highly pollutive operations and reduce production capacity weighed on sentiment. The most traded May iron ore on China’s Dalian Comm....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-1w-2d-19h-7m ago

Russia looks to replace banned Australian coal exports to China

Russia’s coal miners could boost exports to China, the world’s number one energy consumer, after Beijing slapped tariffs on Australian imports amid a growing trade rift. Chinese authorities completely halted supplies of coal from Australia in late 2020 after Canberra voiced its support for an in....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-1w-3d-7h-7m ago

Baltic index slips from 5-month high on lower capesize, panamax rates

The Baltic Exchange amp 8217 s main sea freight index drifted lower on Thursday, having gained in the last seven sessions to hit a high since October, as rates eased for the capesize and panamax vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels fer....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-1w-3d-19h-6m ago

Iron ore recovers as Port Hedland shipments to China hit two-year low

Benchmark Asian iron ore futures rose on Thursday as data showed monthly shipments of the steelmaking ingredient to China from Australia’s Port Hedland dropped to the lowest in two years. Shipments from Port Hedland, the world’s biggest iron ore export hub, totalled 30.73 million tonnes in Febru....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-1w-3d-19h-7m ago

Higher capesize, supramax rates lift Baltic index to over 5-month peak

The Baltic Exchange amp 8217 s main sea freight index gained on Wednesday, marking its highest level since early October as rates for the capesize and supramax vessel segments rose. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, cl....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-1w-4d-19h-6m ago

Brazil kicks of soya been export season with a 40.1% drop

Brazilian exports of soya beans disappointed in February, the first month of its export season. Exports reached just 2.9m tonnes, representing a 40.1% drop compared with the first month in the last season when exports totalled 4.8 million tonnes. The start to the 2021 season has thereby been the slo....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-1w-4d-19h-6m ago

Dry Bulk Market: Goodbulk Ltd. Says Limited Fleet Growth and Rebound in Cargo Demand to Boost 2021 Dry Bulk Rates

GoodBulk Ltd., a leading owner and operator of dry bulk vessels, announces its financial results for the fourth quarter of 2020. 4th Quarter Highlights • Generated $7.6 million of net profit resulting in earnings per share EPS of $0.25. EBITDA for the period was $20.1 million. • Declared a $0.....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-1w-4d-19h-6m ago

Dalian iron ore hits 4-week low on China emission curbs, supply outlook

Dalian iron ore slumped to its lowest in four weeks on Wednesday, pummelled by stricter anti pollution measures in China’s top steelmaking city of Tangshan and easing concerns about supply of the raw material. The most traded May iron ore on the Dalian Commodity Exchange fell 6.1% to 1,031.50 yuan....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-1w-4d-19h-7m ago

China South Africa’s largest coal market in February – Goldman Sachs

China was South Africa’s largest coal market in February, taking over from India, which has traditionally been South Africa’s largest coal export market. Normally, China does not import coal from South Africa, but 2021 has seen a shift, Mining Weekly reported in early January “India is the lar....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-1w-5d-7h-7m ago

Baltic index hits 5-month high on buoyant capesize, supramax rates

The Baltic Exchange amp 8217 s main sea freight index rose on Tuesday, to its highest since October last year, lifted by higher rates in the capesize and supramax vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was ....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-1w-5d-19h-6m ago

China’s lacklustre commodity imports throw spanner in new super-cycle works

A warning shot has been fired across the bow of proponents of the view that commodities are entering a new super cycle: China’s imports of crude oil, iron ore, copper and coal in the first two month of the year look far from bullish. China is the world’s largest importer of all these major commo....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-1w-5d-19h-6m ago

Iron ore hits 2-week low as Chinese city curbs steel output

Asian benchmark iron ore futures fell more than 3% on Tuesday to their lowest levels in two weeks, as anti pollution restrictions in China amp 8217 s top steelmaking city of Tangshan pressured prices. Tangshan in the smog prone northern Chinese province of Hebei, which accounts for a quarter of ste....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-1w-5d-19h-7m ago

Baltic Dry Index climbs to 1901, up 48 points

Today, Tuesday , March 09 2021 , the Baltic Dry Index climbed by 48 points, reaching 1901 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 3y-1mo-1w-6d-3h-16m ago

Baltic index scales near 2-month peak on stronger rates

The Baltic Exchange amp 8217 s main sea freight index climbed to its highest level in nearly two months on Monday as rates improved for all vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, added 24 points, or 1.3%, t....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-1w-6d-19h-6m ago

China’s Jan-Feb Soybean Imports In 2021 Fall Slightly On Cargo Delay

China amp 8217 s soybean imports in the first two months of 2021 fell slightly from a year earlier, customs data showed on Sunday, as rains in top exporter Brazil slowed some shipments. The world amp 8217 s top market for soybeans brought in 13.41 million tonnes of the oilseed in January and Febru....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-1w-6d-19h-7m ago

Baltic Dry Index climbs to 1853, up 24 points

Today, Monday , March 08 2021 , the Baltic Dry Index climbed by 24 points, reaching 1853 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 worl....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-3h-17m ago

China’s iron ore imports up on demand

China amp 8217 s iron ore imports rose 2.8 per cent for the first two months of 2021 from a year earlier, with demand for the steelmaking ingredient supported by a firm consumption outlook. The world amp 8217 s top steelmaking nation brought in 181.5 million tonnes of iron ore in January and Febru....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-7h-7m ago

China Jan-Feb iron ore imports up 2.8% on healthy demand

China’s iron ore imports rose 2.8% for the first two months of 2021 from a year earlier, customs data showed on Sunday, as demand for the steelmaking ingredient was supported by a firm consumption outlook. The world’s top steelmaking nation brought in 181.5 million tonnes of iron ore in January ....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-19h-6m ago

Dry Bulk Market: Capesizes End the Week on a Strong Note

Capesize The market has surged during the last couple of days of the week to trade in the upper region of its recent range. Gaining $920 on the last trading day of the week the Capesize 5TC settled at $14,794, which reflected the solid trading activity. The West Australia to China C5 gained a strong....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-19h-6m ago

Brazilian soy exports in March should reach 15 million tons: 250 ships waiting to load

Brazilian soy shipments this month should reach 15 million tons, which could establish a new record for a month, according to the maritime agency Cargonave, considering the 250 ships in the export line up, a growth of more than 40% compared to the number seen in the same period last year. If all thi....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-19h-6m ago

French Wheat Shipments Outside Eu Rose In February

French soft wheat shipments outside the European Union increased in February as loadings to Algeria and Morocco rose again, offsetting a lull in exports to China, an initial estimate based on Refinitiv data showed. Soft wheat exports by sea to destinations outside the EU and Britain came to 821,000 ....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-23h-6m ago

Handysize 38kt time charter average FFA is ‘perfect timing’

Forward freight agreement FFA trades for a basket of 38,000 dwt handysize time charter rates will help operators take longer term cover with less risk, says leading shipbroker Simpson Spence Young. Following an ever strengthening charter market, SGX have confirmed a launch date for the new offerin....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-2d-19h-6m ago

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

China’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’s Dalian Commodity Exchange ended daytime trading 4.2% higher at 1,004.50 yuan $155.16 a tonne, after ea....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-2d-19h-7m ago

Iron ore exports buoy record trade surplus

Australia posted the biggest monthly trade surplus in history on the back of record iron ore exports, as the economy continued to rack up new markers in its rebound from last year amp 8217 s deep recession. The Australian Bureau of Statistics said the trade balance of goods and services was a recor....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-3d-3h-7m ago

Baltic Dry Index climbs to 1829, up 66 points

Today, Friday , March 05 2021 , the Baltic Dry Index climbed by 66 points, reaching 1829 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 worl....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-3d-3h-17m ago

Baltic index hits over 1-month high on stronger panamax, supramax rates

The Baltic Exchange amp 8217 s main sea freight index touched its highest level since mid January on Thursday, driven by higher panamax and supramax vessel rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was up 16 points, or ....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-3d-19h-6m ago

S&P Frenzy supercharged by Handy / Supramax rates environment

Amidst the rapidly improving sentiment for the whole dry bulk shipping market, February witnessed multi year record breaking performance for the smaller asset classes of Supramax and Handysize bulkers. BSI 10TC routes broke the US$20,000/d mark for the first time in a decade rising nearly US$8,000/....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-3d-19h-6m ago

Negative crush margin slows China’s soybean demand: sources

China amp 8217 s demand for soybeans has slowed down in recent days amid prolonged negative net crush margins, market sources said March 3. Crushers in China, the world amp 8217 s largest soybean and pork consumer, have been reluctant to purchase beans shipments as demand for soymeal based animal ....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-4d-7h-7m ago

Baltic index up at near 2-week peak on buoyant rates

The Baltic Exchange amp 8217 s main sea freight index climbed on Wednesday to its highest level since mid February, on stronger rates across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 90 points, or 5.4%, t....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-4d-19h-6m ago

China’s coal consumption seen rising in 2021, imports steady

China’s coal consumption is expected to continue rising in 2021 despite Beijing’s pledges to boost the use of clean energy and curb greenhouse gas emissions, the China National Coal Association said on Wednesday. China, the world’s biggest coal consumer, saw overall consumption of the fossil f....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-4d-19h-6m ago

Is dry bulk shipping’s strange Q1 a sign of strength to come?

It has been a particularly strange Q1 for dry bulk shipping. Usually, the larger ships — Capesizes with capacities of around 180,000 deadweight tons DWT that carry iron ore and coal — do poorly all quarter. This year, they did better in January than they had in a decade before succumbing to th....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-4d-19h-6m ago

Rising rates help Baltic index snap losing streak

The Baltic Exchange amp 8217 s main sea freight index gained on Tuesday, snapping a four session run of losses, helped by stronger rates in the capesize and panamax vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, wa....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-5d-19h-6m ago

India’s coal import declines 12% to 181 mn tonnes in April-January

India amp 8217 s coal import registered a drop of 11.59 per cent to 180.84 million tonnes MT in the first 10 months of the ongoing fiscal. The company had imported 204.55 MT of coal in April January period of the previous fiscal year, according to provisional data compiled by mjunction services. ....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-6d-7h-7m ago

Sliding capesize rates drag Baltic index to near 2-week low

The Baltic Exchange amp 8217 s main sea freight index dipped to its lowest since mid February on Monday as rates for the larger capesize segment fell for the eighth straight session. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, f....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-6d-19h-6m ago

China’s coal consumption share falls to 56.8% at end-2020

China cut its coal use to 56.8% of energy consumption at the end of 2020, maintaining its target of below 58%, but overall coal consumption continued to rise amid record industrial output and the completion of dozens of coal fired power plants. The rapid rollout of renewable energy capacity and the ....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-2w-6d-19h-7m ago

Baltic Dry Index falls to 1651, down 49 points

Today, Monday, March 01  2021 , the Baltic Dry Index decreased by 49 points, reaching 1651 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 3y-1mo-3w-3h-17m ago

China’s weekly coastal bulk freight index up

China amp 8217 s coastal bulk freight market saw a rise in general demand in the week ending Friday, according to the Shanghai Shipping Exchange SSE . The composite index for coastal bulk freight rose 9 percent week on week to 1,115.02, the SSE said. The coal sub index went up 12.4 percent to 1,13....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3w-7h-6m ago

Dalrymple Bay coal exports tumble 18pc

Dalrymple Bay Infrastructure has blamed the COVID 19 pandemic for an 18 per cent drop in annual coal exports through its Queensland terminal as it delivered a maiden net loss of $113 million and said it would consider a share buyback to boost its stock price. Coal exports from the company’s termin....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3w-7h-7m ago

Dry Bulk Market: Capesizes Experience Mild Downward Slide This Week

Capesize The market took on a mild downward slide during this week with the 5TC opening at $14,224 to close out at $11,934. The Pacific basin on its own showed a little more stability, remaining largely flat on the transpacific C10 and ending the week at exactly $11,500. The transatlantic C8 had a l....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3w-19h-6m ago

Baltic Slips To Over One-Week Low On Easing Capesize, Panamax Rates

The Baltic Exchange amp 8217 s main sea freight index fell to its lowest in more than a week on Friday, weighed by weaker demand for capesize and panamax vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 25 points, or 1.....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3w-2d-19h-6m ago

China iron ore jumps for fourth week, steel futures gain

China’s benchmark iron ore futures rose on Friday to log its fourth straight week of gains, while steel rebar and hot rolled coil advanced on higher downstream consumption. Capacity utilisation rates at 247 blast furnaces in China rose to 92.28% this week, the highest since mid December, data from....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3w-2d-19h-7m ago

Baltic index dips on weaker capesize, panamax demand

The Baltic Exchange amp 8217 s main sea freight index slipped on Thursday, as weaker capesize and panamax rates outweighed an uptick in demand for supramax vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was down 9 points, ....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3w-3d-19h-6m ago

Pacific Basin “Rides” the Dry Bulk Market’s Momentum

Pacific Basin Shipping Limited “Pacific Basin” or the “Company”, SEHK 2343 , one of the world’s leading dry bulk shipping companies, today announced the results of the Company and its subsidiaries collectively the “Group” for the year ended 31 December 2020. Mr. Mats Berglund, CEO o....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3w-3d-19h-6m ago

Baltic Dry Index falls to 1700, down 27 points

Today, Thursday, February 25 2021 , the Baltic Dry Index decreased by 27 points, reaching 1700 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 th....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3w-4d-3h-17m ago

China’s US coal imports jump 748% in Q4’20 amid Australian trade dispute

China emerged as one of the top importers of U.S. coal in the fourth quarter of 2020 as the country banned Australian coal from entering its territories amid diplomatic tensions. U.S. coal exports in the three month period totaled 17.4 million tonnes, down 7.3% year over year but 25.1% higher quarte....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3w-4d-7h-7m ago

Baltic Index Slips On Weaker Capesize, Panamax Rates

The Baltic Exchange amp 8217 s main sea freight index dipped on Wednesday, pressured by lower rates for the capesize and panamax vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, wasdown 18 points, or 1%, at 1,709. Th....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3w-4d-19h-6m ago

Dry Bulk Shipping: Strong Start To Year Ends As Slow Recovery Awaits

After an unusually strong start to the year, seasonality has caught up with the dry bulk market. Coupled with a slow recovery in global economic activity, it looks set to be another challenging year. Demand drivers and freight rates The dry bulk industry has enjoyed an unseasonably robust start to 2....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3w-4d-19h-6m ago

Shanghai rebar futures trade in narrow range as market awaits demand recovery

Chinese steel rebar futures moved in a tight range on Wednesday, but hovered around a more than 10 year high, as the market awaited a rebound in downstream demand. “Unlike the manufacturing sector that had returned to work, construction normally restarts after the Lantern Festival,” said Wang Yi....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3w-4d-19h-7m ago

Australian iron-ore and coal exports fall in January

New data by the Australian Bureau of Statistics ABS has reported a A$3 billion, or 9%, decline in exports for the month of January, driven by a A$1.5 billion, or 10%, decline in the export of metalliferous ores. “The decline in metalliferous ores was driven by a decline in the quantity of iron o....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3w-5d-7h-7m ago

Baltic index rises as supramax rates scale record high

The Baltic Exchange amp 8217 s main sea freightindex rose on Tuesday as another surge in supramax vessel ratescountered lower prices for the capesize and panamax segments. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry bulk commodities,gained 18 point....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3w-5d-19h-6m ago

Chinese Iron ore imports hit record in 2020

China amp 8217 s iron ore imports hit a record 1.17 billion metric tons in 2020, with the average import price up 7.3 percent year on year to $101.7 per ton, which analysts say reflects robust demand in the downstream steel market and a continued and stable recovery of the Chinese economy. The amou....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3w-5d-19h-6m ago

China iron ore futures retreat as Tangshan city sounds pollution alert

Chinese iron ore futures dropped as much as 3.5% on Tuesday after top steel producing city Tangshan issued a second level pollution alert forcing mills to curb production. Output at steel mills and coking plants in Tangshan will be limited from Feb. 23 in response to expected heavy pollution, while ....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3w-5d-19h-7m ago

Baltic Dry Index climbs to 1727, up 18 points

Today, Tuesday , February 23 2021 , the Baltic Dry Index climbed by 18 points, reaching 1727 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 3y-1mo-3w-6d-3h-17m ago

Year of the Ox could be year of the dry bulk bull: MSI

Evidence is mounting to support an escalating recovery in demand for dry bulk commodities in countries other than China, attributed to both rising consumption and restocking of raw materials. The latest HORIZON Dry Bulk Monthly* report from Maritime Strategies International notes that even with Chin....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3w-6d-19h-6m ago

Baltic index firms on rising supramax rates

The Baltic Exchange amp 8217 s main sea freightindex gained on Monday as surging supramax rates counteredweakness in the larger vessel segments. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry bulk commodities,edged 11 points, or 0.6% higher, to 1,709.....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3w-6d-19h-6m ago

Argentine barley exports to China smash records amid Australia spat

Argentina amp 8217 s barley exports to China are set to soar to a record 1 million tonnes in 2021, industry sources and sales data show, as Beijing looks beyond its traditional top supplier Australia amid a lengthy diplomatic standoff between the two countries. The sales bonanza, revealed by indust....

Hellenic Shipping Dry Bulk Market News Published 3y-1mo-3w-6d-19h-7m ago

Baltic Dry Index climbs to 1709, up 11 points

Today, Monday , February 22 2021 , the Baltic Dry Index climbed by 11 points, reaching 1709 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 3y-2mo-3h-17m ago

Dry Bulk Market: Capesizes Move Forward as Strong Demand Emerges

Capesize As one of the more wild weeks in the first quarter for the Capesize comes to an end, the market feels more like it’s in reprieve mood contemplating what comes next. From last Friday at $10,304, the Capesize 5TC reached a high on Wednesday of $15,856 before retreating to close the week out....

Hellenic Shipping Dry Bulk Market News Published 3y-2mo-19h-6m ago

The big get bigger in public dry bulk shipping

The largest U.S. listed dry bulk shipping companies are buying up ships in the secondhand market in anticipation of higher rates ahead. During conference calls on Thursday, executives of both Golden Ocean NASDAQ: GOGL and Star Bulk NYSE: SBLK highlighted stronger fundamentals for 2021, with vacc....

Hellenic Shipping Dry Bulk Market News Published 3y-2mo-19h-6m ago

Baltic index notches second weekly gain on higher vessel rates

The Baltic Exchange amp 8217 s main sea freightindex notched its second weekly gain in a row, aided by strongdemand for all vessel segments, even as it eased on Friday onlower capesize rates. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry bulk commodi....

Hellenic Shipping Dry Bulk Market News Published 3y-2mo-2d-19h-6m ago

Baltic Dry Index climbs to 1698, up 203 points

Today, Friday , February 19 2021 , the Baltic Dry Index climbed by 203 points, reaching 1698 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 3y-2mo-3d-3h-16m ago

Surging supramax rates lift Baltic index to near four-week peak

The Baltic Exchange amp 8217 s main sea freightindex scaled a near four week high on Thursday as a jump insupramax rates offset weakness in the larger vessel segments. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry bulk commodities, rose14 points, or ....

Hellenic Shipping Dry Bulk Market News Published 3y-2mo-3d-7h-6m ago

Golden Ocean Reports Fourth Quarter Net Income of $25.4 Million

Golden Ocean Group Limited, a leading dry bulk shipping company, yesterday announced its results for the quarter ended December 31, 2020. Highlights Net income of $25.4 million and earnings per share of $0.18 for the fourth quarter of 2020 compared with net income of $39.1 million and earnings per....

Hellenic Shipping Dry Bulk Market News Published 3y-2mo-3d-19h-6m ago

China coal ban showing no signs of letting up, South32 boss says

The head of diversified miner South32 can’t see China’s ban on Australian coal imports ending any time soon. Weaker coal prices contributed to an 8 per cent dent in South32’s revenue, down from $3.21 billion to $2.94 billion from July to December 2020. This drop was driven largely by lower rea....

Hellenic Shipping Dry Bulk Market News Published 3y-2mo-3d-19h-7m ago

Dalian iron ore leaps 7% on China post-holiday demand outlook

Dalian iron ore futures jumped 7% on Thursday on expectations for a rebound in demand as top steel producer China returned from a week long Lunar New Year holiday, with signs of an accelerating global economic recovery adding to the optimism. May iron ore on China amp 8217 s Dalian Commodity Exchan....

Hellenic Shipping Dry Bulk Market News Published 3y-2mo-3d-19h-7m ago

Baltic index jumps on soaring capesize, panamax rates

The Baltic Exchange amp 8217 s main sea freightindex rose to its highest in over three weeks on Wednesday asdemand for capesizes rebounded and rates for the panamax vesselsegment scaled ten year highs. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry bu....

Hellenic Shipping Dry Bulk Market News Published 3y-2mo-4d-19h-6m ago

Multi-Year Bull Market for Dry Cargo, Forecasts Shipping Strategy Ltd.

The good start to 2021 for bulk carriers is set to continue beyond this year, according to Shipping Strategy Ltd, the UK based shipping market research and consultancy business. Shipping Strategy MD, Mark Williams, formerly Head of Research at Braemar and Affinity, has made the prediction in the com....

Hellenic Shipping Dry Bulk Market News Published 3y-2mo-4d-19h-6m ago

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 3y-2mo-5d-19h-6m 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 3y-2mo-6d-3h-17m 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 3y-2mo-6d-19h-6m 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 3y-2mo-6d-19h-6m 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 3y-2mo-1w-3h-17m 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 3y-2mo-1w-19h-6m 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 3y-2mo-1w-2d-19h-6m 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 3y-2mo-1w-3d-3h-17m 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 3y-2mo-1w-3d-19h-6m 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 3y-2mo-1w-3d-19h-6m 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 3y-2mo-1w-3d-19h-7m 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 3y-2mo-1w-4d-3h-16m 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 3y-2mo-1w-4d-7h-7m 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 3y-2mo-1w-4d-19h-6m 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 3y-2mo-1w-4d-19h-7m 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 3y-2mo-1w-4d-19h-7m 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 3y-2mo-1w-4d-23h-6m 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 3y-2mo-1w-5d-19h-6m 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 3y-2mo-1w-5d-19h-6m 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 3y-2mo-1w-5d-19h-7m 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 3y-2mo-1w-5d-23h-7m 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 3y-2mo-1w-6d-19h-6m 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 3y-2mo-1w-6d-19h-7m 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 3y-2mo-1w-6d-19h-7m 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 3y-2mo-2w-3h-6m 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 3y-2mo-2w-3h-17m 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 3y-2mo-2w-7h-7m 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 3y-2mo-2w-7h-7m 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 3y-2mo-2w-19h-6m ago