Fewer dry bulk ships were sold for demolition during the course of the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas, said that “we have witnessed this week the rates in the dry bulk sector rebound slightly which may once again limit the supply of tonnage to the market. Despite many predictions, we are certainly not seeing the conveyor belt of dry bulk tonnage and this slight improved sentiment in the dry segment may further persuade Owners to hold on to their tonnage and try to gain ...

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, edged down on Tuesday pressured by a dip in rates for the larger capesize vessel segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 6 points, or about 0.3%, to 1,807. Even after an improvement in both basins (Atlantic and Pacific) last week for the capesize segment, “there is still a sense of lack in direction appearing in the overall market for the time being”, Allied Shipbroking said ...

Iron ore futures rose on Tuesday, with Singapore prices rebounding after two straight sessions of losses, as top steel producer China resumed ramping up output to cash in on increased construction activity during the September-October peak season. Benchmark October iron ore on the Singapore Exchange climbed 1.5% to a session high of $97.05 a tonne, while the September contract rose 0.2% to $98.60. On China’s Dalian Commodity Exchange, the most-active January iron ore contract DCIOcv1 ended daytime trade 1.1% higher at 718.50 yuan ($100.36) a tonne. Rebar output among the ...

The restrictions on grain export have been lifted in Kazakhstan since September 10, the country’s Deputy Prime Minister – Minister of Trade and Integration Serik Zhumangarin told reporters after the government meeting, Trend reports via Kazakh media. ‘We have enough grain. Besides, the Food Contract Corporation has purchased [grain for reserve], so we don’t experience threats [of grain deficit],’ Zhumangarin said. He also answered the question to which countries Kazakh grain is planned to be sent. ‘I had preparations for consultations with Pakistan and Iran. When we were in Samarkand, ...

Today, Tuesday, September 27 2022 , the Baltic Dry Index decreased by 06 points, reaching 1807 points.

The Baltic Exchange’s main sea freight index (.BADI), tracking rates for ships carrying dry bulk commodities, edged down on Monday as rates dropped for capesize and panamax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 3 points, or about 0.2%, at 1,813. The capesize index (.BACI) was down 11 points, or 0.5%, to 2,195. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as coal and iron ore, were down $86 at $18,207. Jefferies said that with global ...

Chinese rebar futures slipped on Monday after reaching an eight-session high in the previous session, as traders opted to wait and see if the fragile pace of a recovery in demand for the construction material can be sustained this week. Prices of iron ore and other steelmaking inputs in China, the world’s biggest steel producer, also pulled back. The most-active January rebar contract on the Shanghai Futures Exchange SRBcv1 ended daytime trade 0.1% lower at 3,765 yuan ($526.43) a tonne. It climbed to 3,787 yuan on Friday, its strongest since ...

Today, Monday, September 26 2022 , the Baltic Dry Index decreased by 03 points, reaching 1813 points.

European seaborne thermal coal demand is projected to increase 14% or 12 million metric tonnes (Mt) this year to 98 Mt as it grapples with the current energy crisis. But this will be a short-lived bump and provide no significant opportunities to expand existing coal infrastructure, as global demand will continue to trend downward, say analysts at Wood Mackenzie, a Verisk business (Nasdaq: VRSK). Adam Woods, Senior Research Analyst with Wood Mackenzie said: “With many European nations increasing thermal coal use, an additional nine gigawatts (GW) of coal-fired capacity has ...

Capesize The market continued to lurch its way upward as rates strengthened in flurries with numerous drawdowns along the way. The 5TC closed the week at $18,293 with strong positive sentiment remaining. The Atlantic had several fixtures out of Eastern Canada that shocked the fronthaul market into life early on in the week. However, it was at odds with fixtures out of Brazil and West Africa to China that seemed capable of dragging the values lower at ease. The dynamic led to opaque pricing visibility and indecision of market direction. ...

India’s thermal coal imports from Russia are expected to fall for the first time in four months in September, two research consultancies said, potentially resulting in lower revenues for Moscow at a time it is mobilising more troops to fight in Ukraine. Indian consultancy Coalmint expects September thermal coal imports from Russia to decline 30% from August to 1.4 million tonnes, it said in a note to clients. London-based analytics firm DBX Commodities estimates Indian shipments of the power generation fuel to fall to 1.5 million tonnes this month from ...

In its latest weekly report, shipbroker Banchero Costa said that “so far in 2022, global coal trade has been a bit of a mixed picture. In the January to August period of 2022, total global seaborne coal loadings increased by +2.2% y-o-y to 784.9 mln t, from 767.7 mln t in the first 8 months of 2021, but still well below the 853.6 mln t in the same period of 2019. However, the worst was at start of the year, and the trend in recent months has been very positive. ...

The Baltic Exchange’s main sea freight index (.BADI), tracking rates for ships carrying dry bulk commodities, rose on Friday, registering its fourth straight weekly gain, supported by higher demand for capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 96 points, or about 5.6%, at 1,816, its highest in over a month and a half. It gained 16.8% on the week. The capesize index (.BACI) was up 277 points, or about 14.4%, to 2,206. It posted a second consecutive weekly gain ...

Ferrous futures in top steel producer China rose on Friday, with rebar hitting a one-week high and iron ore set for its third straight weekly gain, buoyed by signs of increased activity in the country’s construction sector and pre-holiday demand. The most-active January rebar contract on the Shanghai Futures Exchange ended daytime trade 1.3% higher at 3,766 yuan ($530.61) a tonne, after touching its highest since Sept. 15 at 3,787 yuan. The most-traded January iron ore contract on the Dalian Commodity Exchange climbed 1.3% to 719 yuan ($101.30) a tonne. ...

Today, Friday, September 23 2022, the Baltic Dry Index climbed by 96 points, reaching 1816 points.