Capesize Commentary The Singapore F1 grand prix weekend did nothing to fire up the Cape FFA market which came under pressure in early trading. We did however find support after a relatively uneventful index and drifted sideways until a late sell off on the prompt. Q4 found some support at 23k and failed to break that support level despite trading there while the deferred saw very little selling interest throughout the day. Panamax Commentary A quiet start to the week with range bound activity. The morning saw sellers return, influenced ...

Today, Monday, September 17 2018, the Baltic Dry Index decreased by 9 points, reaching 1357 points.

Capesize The Capesize market fell sharply across all areas with the positive sentiment for the fourth quarter being eroded. In Asia, the west Australia/China route remained fairly active but lacked a full set of miners in the market during the week. Rates dropped a dollar in three working days, and for now held at $7.50 for end September. Activity in others was minimal and timecharter rates were barely holding in the high teens depending on size and age. Brazil again remained slow, with a plentiful supply of ballasters for nearby ...

Asian flour millers are expected to seek rare wheat shipments from Argentina in coming months as a second year of drought in traditional supplier Australia curbs supplies. At present, Asian wheat importers, including the world’s biggest buyer Indonesia, are buying most of their wheat from the Black Sea region. But Russia and Ukraine are expected to run out of surplus supplies by the end of the year due to a fall in output and strong demand for exports, forcing buyers are seek shipments from alternative origins, traders and analysts said. ...

Brazil exported 50.9 million tonnes of soybeans to China from January to August, or 78.8 percent of its total exports of the oilseed, as a trade war with the U.S. drives up the Asian nation’s demand for soy from alternative sources. That compares with 44.1 million tonnes of soybeans that Brazil exported to China in the same period last year, accounting for 77.5 percent of the country’s total exports of the commodity, the agriculture ministry reported on Friday. Brazil’s overall soybean exports are up 20 percent year-on-year to $25.72 billion ...

Today, Friday, September 14 2018, the Baltic Dry Index decreased by 16 points, reaching 1366 points.

While it’s a bit difficult to expect this trend persisting, it’s becoming clear that the trade war between the US and China hasn’t dented the dry bulk market’s upwards momentum, thanks, in part to a boom in soybeans trade involving Brazil and the balance between tonnage supply and demand. In its latest weekly report, shipbroker Allied Shipbroking said that “it has been a rather turbulent week, with emerging markets having taken a considerable hit in the midst of the recent strength noted in US Dollar and the still bleakish view ...

Brazil’s government raised by two million tonnes its projection for soybean exports in the 2017/18 crop to 76 million tonnes amid strong Chinese demand, reducing the crop’s end-stocks to the lowest on record. Agricultural statistics agency Conab raised by 300,000 tonnes its projection for the country’s 2017/18 soybean crop from August to 119.3 million tonnes, the second-highest output ever, but even with that increase soy end-stocks fell to 434,000 tonnes from 638,000 tonnes last month. The report was another indication that Brazil would likely run out of soybeans before the ...

MV Daranee Naree, marked as the 1000th ship arrived at Vale’s Deep-Water jetty in the Sohar Port And Freezone since the start of Vale’s operation. The company has recorded a total shipment of more than 135 million metric tonnes throughput since 2010 starting from receiving the iron ore shipments to commence its pelletizing operations in 2011. The jetty is meant to be used as one of Vale’s distribution centres outside Brazil where blending of different qualities of iron ore is taking place and then shipped to the international markets as ...

Today, Thursday, September 13 2018, the Baltic Dry Index decreased by 29 points, reaching 1382 points.

Today, Wednesday, September 12 2018, the Baltic Dry Index decreased by 28 points, reaching 1411 points.

India has saved over Rs 1 lakh crore in coal import bill over the last four years as shipments brought in by the power sector – accounting for 76% of demand – came down steadily on the back of rising domestic production and improved quality control, says an internal assessment paper of the coal ministry. The analysis, undertaken after several power stations recently ran low on coal stocks, assumes a CAGR (compounded annual growth rate) of 22.6% on the basis of average import growth rate between 2009-10 and 2014-15 to ...

Australia’s thermal coal exports have grown 14 percent on the back of high demand from Asia. Australian Bureau of Statistics’ (ABS) data released on Tuesday revealed that the value of thermal coal exports rose 14 percent in July to 2.45 billion Australian dollars (1.74 billion U.S. dollars). Export volume rose to an all-time high of 19.87 million tonnes; a rate that, if upheld, would see Australia export 238 million tonnes of thermal coal per year. Andrew Cosgrove, a mining analyst for Bloomberg Intelligence, said that coal prices would remain high ...

Today, Τuesday, September 11 2018, the Baltic Dry Index decreased by 43 points, reaching 1439 points.

Pilbara Ports Authority announces another shipping record as part of its August 2018 shipping figures. A new 24 hour throughput record was recorded over two tides and 14 vessels, on 22 and 23 August 2018. The new record of 2,478,219 tonnes was 79,796 tonnes more than the previous record of 2,398,423 tonnes, recorded on 2 June 2018. Pilbara Ports Authority has delivered a total monthly throughput of 58.4 million tonnes (Mt) for the month of August 2018. This was an increase of one per cent from the same month in ...