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Dry Bulk Market

Dry Bulk FFA: Capesize Market on Bear Vs Bulls Mode

Capesize FFA Commentary: This week there has been a bitter debate over the presence of bears in the Pyrenees mountain range that straddles the French-Spanish border. More than 200 sheep died this week after they hurtled over the edge of a cliff while being chased by a bear. The sheep belonged to a French farmer but their bodies were discovered just over the border in Spain. Local authorities concluded that the sheep had been running away from a bear. While the farmer will be compensated for each of the 209 ...

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Baltic index rises on higher capesize rates

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday, supported by higher rates for capesize vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 3 points, or 0.31 percent, at 980 points. The capesize index jumped 50 points, or 4.27 percent, to 1,221 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $332 to $9,547. The panamax index was down 23 points, ...

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China imports 5.79 mil mt of coking coal in June, steady on year

China’s coking coal imports in June at 5.79 million mt were little changed on the year, while recovering from a drop in volumes in May, according to customs data. Mongolia was the largest source of imports in June, with 2.6 million mt, followed by Australia with 2.22 million mt. The two sources switching around compared to June 2016 when Australia was the largest. Imports grew from 4.65 million mt in May. Australia shipped only 655,000 mt in May, as shipment volumes fell from Queensland, the largest source of seaborne met ...

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Baltic Dry Index climbs to 980, up 3 points

Today, Tuesday, July 25 2017, the Baltic Dry Index climbed by 3 points, reaching 980 points.

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Dry Bulk FFA: Capesize Market on “Quiet” Mode

Capesize FFA Commentary: A very quiet day on the Cape paper with August trading almost alone all day in a range from 11650 – 12000. September traded 14400 but little other action was reported along the curve. The physical was slightly better with C5 seemingly the most active with some very prompt fixtures around $5.90. Panamax FFA Commentary: We picked up where we closed off last week with sellers present form the outset as declines in both basins continue to fuel the bearish tone. Mid morning saw lows on Aug ...

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Global Soybean Trade: The Tale Of A Love Triangle

Global seaborne soybean trade grew rapidly in 2000-16, recording a 7% p.a. CAGR, which accounted for 40% of total grain trade growth in the period. In 2016, soybean trade hit 134mt, representing 30% of total grain volumes. As this month’s Commodity Countdown explores, the key features of soybean trade recently have been China’s growing demand and the US and Brazil’s fight for Chinese import attention. China’s Big Soybean Crush In the mid-1990s, China began to look abroad for grain supply, as it became increasingly apparent that domestic output was insufficient ...

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Dry Bulk Shipping Consolidation is coming

With the key challenges to the Dry Bulk Shipping industry not easing up it now seems to me inevitable that consolidation is coming. In fact I think it is already happening, in very, very slow motion kind of way. This article uncovers my thoughts on why, what and when it will happen – I will even venture to make a wild guess on the top 3 players who will be left standing with market shares of more than approximately 20% or more each. The Dry Bulk Shipping business can usually ...

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Baltic index flat after gaining for nine straight sessions

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, was flat on Monday, as gains across capesize vessels were offset by lower rates for panamaxes. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was unchanged at 977 points, after gaining for nine straight sessions. The capesize index climbed 17 points, or 1.47 percent, to 1,171 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $45 at $9,215. ...

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China June coal imports from Mongolia, Russia rise – customs

China’s coal imports from Mongolia and Russia rose in June as utilities and steel mills sought out less expensive raw materials even as the government tried to curb purchases of foreign fuel. Coal-fired power demand rose last month during a prolonged heat wave in northern China at the start of the peak consumption period. Since mid-February the two nations have helped fill a supply gap caused by China’s ban on coal from North Korea. In the first half of the year, imports from Mongolia were up 79.5 percent from last ...

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Scorpio Bulkers Inc. Posts Six Month Losses of $30 million

Scorpio Bulkers Inc., a leading provider of marine transportation of dry bulk commodities, reported its results for the three and six months ended June 30, 2017. Results for the Three and Six Months Ended June 30, 2017 and 2016 For the second quarter of 2017 the Company’s GAAP net loss was $13.4 million, or $0.19 loss per diluted share. For the same period in 2016 the Company’s GAAP net loss was $24.7 million, or $0.48 loss per diluted share. For the six months ended June 30, 2017, the Company’s GAAP ...

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Baltic Dry Index remains at 977, No change

Today, Monday, July 24 2017, the Baltic Dry Index showed no change, remaining at 977 points.

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One For The ‘Metalheads’: Mining Minor Bulk Trends

In the metal and mineral bulk trades, as in the heavy metal music scene, a few very big names often end up dominating the headlines: metal has the likes of Metallica, Rammstein and Judas Priest; mining bulk has iron ore and coal. But in both cases, the triumphs and travails of the smaller names can often be just as riveting and indicative of the broader trends as those of the superstars… Atlas, Rise! The ‘mining bulks’ consist of the metallic and mineral outputs of the extractive industries (and substitutes such ...

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Baltic index up for 9th straight day on higher capesize rates

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday for the ninth straight session, on higher rates for capesize and smaller vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 13 points, or 1.35 percent, at 977 points, touching its highest in more than two months. The capesize index climbed 61 points, or 5.58 percent, to 1,154 points. Capesize dry bulker earnings are finishing the week on a firm note with assessments ...

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Baltic Dry Index climbs to 977, up 13 points

Today, Friday, July 21 2017, the Baltic Dry Index climbed by 13 points, reaching 977 points.

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Dry Bulk FFA: Capesize Market On Newfound Buying Interest

Capesize FFA Commentary: Capes found decent buying interest today with August reaching a new recent high of $12150 before finding some selling resistance. Q4 traded up to $15850 and Cal 18 traded a few times at $13300. It felt like we had a small break out to the upside of the recent trading range although it lacked true conviction as the carry still remains too much for some to accept. C3 was fixing around $13.00 and C5 up to $5.40 levels. However, there remains a long list of ballasters heading ...

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