Home / Shipping News / Dry Bulk Market (page 5)

Dry Bulk Market

Baltic Dry Index climbs to 1527, up 281 points

Today, Thursday, June 18 2020, the Baltic Dry Index climbed by 281 points, reaching 1527 points.

Read More »

Baltic index logs record jump as Capesize demand spikes

The Baltic Exchange’s main sea freight index recorded its biggest ever daily percentage jump on Wednesday, propelled by surging capesize rates due to a spike in iron-ore shipments. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 192 points, or about 18.2%, to 1,246, its highest since Dec. 17. The Baltic capesize index jumped 601 points, or about 32.4% to 2,455, its highest since Dec. 13. Average daily earnings for capesizes, which typically transport cargoes of ...

Read More »

Baltic Dry Index climbs to 1246, up 192 points

Today, Wednesday, June 17 2020, the Baltic Dry Index climbed by 192 points, reaching 1246 points.

Read More »

Ship Owners More Active in the S&P Market

Ship owners have been more active in doing deals in the S&P market, rather than the newbuilding one. In its latest weekly report, shipbroker Banchero Costa noted that it was an “active week in the dry bulk market: a Japanese Capesize named CAPE AGNES 181,000 dwt built in 2010 by Koyo (SS due in Nov) was sold to a local Japanese Buyers for region $18 mln (we understand may be part of an internal sale since the ship was owned in JV). After the sale of the sister ship recently, ...

Read More »

Baltic index rises to over 6-month high on firm vessel rates

The Baltic Exchange’s main sea freight index rose to more than a six-month high on Tuesday, boosted by stronger demand for capesize and panamax vessels. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 81 points, or about 8.3%, to 1,054, its highest since Dec. 24. The Baltic capesize index jumped 206 points, or about 12.5% to 1,854, its highest since Dec. 24. Iron ore future in China gained on Tuesday, on robust demand from China’s ...

Read More »

Baltic Dry Index climbs to 1054, up 81 points

Today, Tuesday, June 16 2020, the Baltic Dry Index climbed by 81 points, reaching 1054 points.

Read More »

Baltic index gains for 12th straight session as vessel demand rises

The Baltic Exchange’s main sea freight index rose for a twelfth straight session on Monday to its highest in more than five months on stronger demand across vessel sizes. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 50 points, or about 5.4%, to 973, its highest since Jan. 2. The Baltic capesize index jumped 125 points, or about 8.2% to 1,648, its highest since Dec. 24. Benchmark iron ore futures in China remained steady on ...

Read More »

Iron ore trade won’t be immune to China-Australia friction

Despite the rapid deterioration of China-Australia relations over recent dispute, some observers believe that Beijing is unlikely to target Australian iron ore exports due to China’s heavy dependence on this imported commodity. A recent CNBC report, citing industry insiders, said that Australian iron ore is “critical” to China, which is the world’s biggest iron ore consumer, and Chinese steel producers may suffer and face difficulties in finding alternatives if China puts curbs on imports of Australian iron ore, especially at a time when the central government is implementing stimulus plans ...

Read More »

Baltic Dry Index climbs to 973, up 50 points

Today, Monday, June 15 2020, the Baltic Dry Index climbed by 50 points, reaching 973 points.

Read More »

China may punish Australia with trade curbs — but it can’t stop buying iron ore from Down Under

Relations between China and Australia have been on a downward spiral in recent months, triggered by Canberra’s call for an international probe into the origins of the coronavirus, which was first reported in the Chinese city of Wuhan. In what is seen as retaliation against Australia’s stance, Beijing suspended some beef imports, slapped hefty tariffs on barley and is reportedly considering more actions on products from wine to fruits. On Thursday, Australia’s prime minister said he would not be intimidated by “coercion” after the moves from Beijing. “We are an ...

Read More »

Dry Bulk Market: Strong Iron Ore Demand Boosts Rates On 2020 High

Capesize The Capesize market made new highs for the year this week after strong iron ore demand to the far east continued to develop in the market. Earnings have lifted from sub operating cost levels under two weeks ago, to now having surged up to have the Capesize 5TC settling at $12,410. Long tonne mile cargoes coming from all regions of the Atlantic have looked to fill the void left in supply by sluggish Brazilian offerings. While Vale may have dialled down on output year to date, they were active ...

Read More »

China’s Jan-Apr steel imports soar; to remain strong in Q3

China’s imports of both semi-finished and finished steel products surged in April, as prices and demand in China were stronger than in other markets. The strong imports are likely to continue into Q3, as import orders placed by Chinese buyers have remained robust in June. China imported 1.076 million mt of billet and 0.995 million mt of slab over January-April, soaring from just 70,000 mt and 20,000 mt a year ago, respectively, according to China Customs data quoted by state-owned media, China Metallurgical News Meanwhile, China’s import of pig iron ...

Read More »

INTERCARGO: Consultation on a dry bulk sector quality self-assessment scheme

INTERCARGO has long recognised the need for companies in the dry bulk sector to have a widely accepted and common quality benchmark. First considered five years ago, the issue was revisited in 2018 and since 2019 INTERCARGO has been developing with its Members and with external expert support DRY-SAS, a dry bulk sector quality Self-Assessment Scheme, which focuses on shore management. Recognising that our sector would not welcome multiple separate schemes with any associated duplications, INTERCARGO is aiming at a scheme which will enjoy industry-wide support, embrace best practices and ...

Read More »

Baltic Dry Index climbs to 923, up 84 points

Today, Friday, June 12 2020, the Baltic Dry Index climbed by 84 points, reaching 923 points.

Read More »

Australia cannot expect China to import and burn coal it no longer needs

The prevailing narrative is that the diplomatic and trade dispute between China and Australia is threatening coal exports and we should expect a return to business as usual once the spat ends. Nothing could be further from the truth. It is an historical accident that China became a large importer of coal, which China’s government has been seeking to correct since the global financial crisis. These efforts are bearing fruit and Australian coal exports will continue to suffer as China’s focus on producing more energy domestically displaces Australian exports. Australian ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping