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Dry Bulk Market

Baltic Dry Index falls to 1230, down 136 points

Today, Tuesday, January 02 2018, the Baltic Dry Index decreased by 136 points, reaching 1230 points.

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Dry Bulk: Shipowners benefit as China laps up Brazilian iron ore

U.S. dry bulk shipowners are set to post strong revenue growth in the next two years thanks to soaring Chinese demand for high-grade iron ore from Brazil and Australia. To combat severe winter smog, China has slashed iron ore output, pushing steel mills in the world’s second biggest economy to import more high-grade ore. China also wants to make pollution control a priority for the next three years. “China’s increasing demand for higher quality iron ore, along with greater supply coming online from Brazil, has boded well for capesize rates ...

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Total of 28 vessels delayed at Richards Bay Coal Terminal: cFlow

Some 28 ships were delayed outside Richards Bay Coal Terminal in South Africa Wednesday, down from 35 last week, according to data from cFlow, S&P Global Platts trade flow software. The delays were due to bad weather in the area preventing a normal operating schedule in the past few weeks, market sources said. Delays were expected to continue in the coming week as weather forecasts were not improved, although sources said should a normal loading schedule resume the queue could be dealt with in a few days. The Panamax size ...

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China’s Nov coal imports from Australia slip on port congestion -customs

Chinese imports of coal from key supplier Australia slipped in November from a year ago, customs data showed, hit by heavy traffic congestion in Australian ports. Shipments from Australia COA-AUCN-IMP fell 0.3 percent in November from the same month a year ago to 5.59 million tonnes, data from the General Administration of Customs showed on Tuesday. That compared with October’s 5.61 million tonnes. More than 300 large dry cargo ships have been waiting outside Chinese and Australian ports in a maritime traffic jam for over a month, choking supplies to ...

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Combined coal stocks at China’s key Bohai Sea ports rise 2% on week

Combined coal stocks at China’s key Bohai Sea ports of Qinhuangdao, Caofeidian, and Jingtang totaled 12.9 million mt on December 25, up 1.6% from 12.7 million mt on December 18, according to figures released by the operator of Qinhuangdao Port Monday. Demand from downstream power plants remained high, maintaining the stock levels at the northern sea ports, the port operator said. Coal stocks were highest at Qinhuangdao Port at 6.74 million mt on December 25, slightly down from 6.75 million mt on December 18. Caofeidian port held 2.34 million mt ...

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Dry bulk market comeback the story of shipping in 2017

2017 will undoubtedly go down as the year during which the dry bulk market staged a sustainable recovery to healthier levels. With the glut of newbuilding vessels gradually going down and demand for commodities on the rise, the tables were finally turned for bulkers. In its latest weekly report, shipbroker Allied Shipbroking noted that “The year has seen one of the quickest and most impressive comebacks of the dry bulk market, with the balance in the freight market showing a rapid re-shift and the bulls running back into the market ...

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Dry Bulk FFA: Capesize Market Surprises

Capesize FFA Commentary: A very rangebound day with little activity as many traders and brokers left for the festive holidays. The cape indices surprised many today by only being marked down by $1,769/day with a consensus that it is heavily over marked. The paper curve is still pricing in considerable drops and it will be interesting to see how we open in January. Until then, all at FIS thank you for your support and friendship this year and wish you all a very Merry Christmas and a Happy New Year. ...

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Baltic Dry Index falls to 1366, down 64 points

Today, Thursday, December 21 2017, the Baltic Dry Index decreased by 64 points, reaching 1366 points.

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Dry Bulk FFA: Capesize Market Well Supported

Capesize FFA Commentary: A muted day in terms of activity as the physical market dropped further while the paper market remained well supported. Panamax FFA Commentary: With the festive season in full swing, some Christmas cheer filtered through on the open of the pmax market. With more Buyers evident down the curve, offers were hard to come by. Until a somewhat excessively aggressive index in alot of peoples opinion, played the Grinch on the Pmax FFA’s and liquidity dried up. Supramax FFA Commentary: A very quiet day as we approach ...

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Asia Dry Bulk-Capesize rates to fall as cargo dries up before holidays

Freight rates for large dry cargo ships on key Asian routes could slide further from multi-week lows as chartering activity thins during the holiday season and abundant tonnage for January weighs on rates, brokers said. Capesize rates from Brazil to China have dropped by $4 per tonne in the last week, equivalent to a daily earnings fall of about $6,000. Port congestion in Australia and China which helped propel rates to three-year highs earlier this month is also expected to ease. Hold-ups at Hay Point and Dalrymple Bay, one of ...

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Baltic Dry Index falls to 1430, down 46 points

Today, Thursday, December 21 2017, the Baltic Dry Index decreased by 46 points, reaching 1430 points.

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Dry Bulk FFA: Capesize Market In Thin Trading

Capesize FFA Commentary: Cape paper was thin in trading yesterday with the January and q1 suffering most of the losses. Q34 appeared very resilient to the front downturn and arguably were a tick up on the day. Physical and therefore index losses continue and the forward pricing still predicts further losses to come before we enter 2018. Panamax FFA Commentary: Initial bid support was tested and we found that with prompt periods as Jan traded down from 11300 to 11000. Q1 was sold from 11900 to 11700. After index buyers ...

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BIMCO: Will the dry bulk industry become profitable in 2018?

As the dry bulk fleet is already expected to grow at a pace that matches demand growth expected in 2019, focus must be on improving the fundamental balance ahead of that. China’s imports, particularly of coal and iron ore, grew tremendously in 2017, and the second half of the year has been profitable for several bulk owners and operators. If 2018 delivers similar demand growth (+5%), the bulk industry will see profitable business for the full year. “But, be aware that 2018 may not be quite as strong as 2017, ...

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Baltic Dry Index falls to 1476, down 71 points

Today, Wednesday, December 20 2017, the Baltic Dry Index decreased by 71 points, reaching 1476 points.

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Dry Bulk FFA: Capesize Market Flat Ahead of Christmas Break

Capesize FFA Commentary: Another dull day as the paper curve was largely unchanged with a number of people absent from the market for the Christmas break. The physical continues to struggle although the indices were not marked down as sharply as some expected. Liquidity in the paper was mainly focused on the cal 18 which changed hands numerous times at 15750 (+$50) while the prompt contracts were treading water at the previous day’s levels. Panamax FFA Commentary: Another day where buyers seemed happy to support the curve as prompt periods ...

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