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Dry Bulk Market

Baltic index gains as rates rise across all vessel segments

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose on Friday, supported by higher rates across all vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 12 points to 792 points. However, the index fell nearly 3% for the week. The capesize index gained 5 points to 716 points, while the index was down more than 14% during the week. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such ...

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Singapore iron ore rises on cyclone-led supply disruptions in Australia

Singapore iron ore futures prices rose on Friday and were on track for a weekly gain, supported by heightened concerns over cyclone-led supply disruptions in major producer Australia. The benchmark March iron ore (SZZFH5) on the Singapore Exchange was up 0.46% at $106.95 a metric ton, as of 0738 GMT, posting a weekly gain of 0.6%. The contract hit a four-month high at $108.8 a ton earlier in the session. Australia’s iron ore export hub, the world’s largest, braced on Friday for a powerful tropical cyclone, forcing the closure of ...

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Dry Bulk Shipping Experiences a 56% Drop in Capesizes Since November

With seasonality playing a big part, dry bulk shipping freight rates have taken a significant hit over the past few months. In its latest weekly report, shipbroker Xclusiv said that “the dry bulk freight market has experienced significant declines in rates across various vessel sizes since November 2024. According to the Baltic Exchange Timecharter equivalents, the rates have fallen by 56% for Capesize, 18% for Kamsarmax, 20% for Panamax, 54% for Supramax, and 48% for Handysize vessels. However, when examining historical trends from 2018 to 2024, seasonality plays a significant ...

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Baltic index snaps 3-day losing streak as supramax rates climb

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, snapped its three-session losing streak on Thursday, as rising supramax rates countered weakness in the larger vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by four points to 780 points. Among smaller vessels, the supramax index was up 17 points at 741 points, rising for the eighth straight session. Meanwhile, the capesize index was unchanged at 711 points, holding near its lowest in nearly ...

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Dalian iron ore extends gain on lingering Australia supply worries

Dalian iron ore futures prices rose for a second consecutive session on Thursday, aided by lingering concerns over weather-related supply disruptions in major exporter Australia. However, fears of a major global trade war after U.S. President Donald Trump’s fresh tariffs on steel and aluminum imports curbed gains. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! climbed 0.3% to 823 yuan ($112.64) a metric ton by 0209 GMT. Australian shipments are expected to fall further after Port Hedland, the world’s largest iron ore export hub, closed ...

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US coal exports to India expected to rise due to China tariffs

The United States is expected to boost coal exports to India after China imposed tariffs on energy imports from the U.S., five industry officials said, potentially eroding Australia and Russia’s market shares in the Indian market. China’s Finance Ministry last week said it would impose levies of 15% on imports of U.S. coal, which the officials said could push U.S. miners to ship to India – the world’s second-largest coal importer behind China. “Three U.S. cargoes that were supposed to go to China have landed in India and around 10 ...

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Baltic index declines for third day as capesize plunges to 2-year low

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, fell for the third straight session on Wednesday, with the capesize segment hitting an almost two-year low. The index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 25 points to 776 points. The capesize index shed 68 points to 711 points, hitting its weakest point since February 2023. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, fell by $559 ...

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Golden Ocean Group Exercises Option for 8 Capesizes

Golden Ocean Group Limited announces that it has declared the purchase options for eight Capesize vessels under the long-term charter-in agreements with subsidiaries of SFL Corporation Ltd. The total purchase price is $112 million en-bloc, and the options have been declared in connection with the 10-year anniversary of the charter-in agreements. The acquisition will be financed through a new $90 million revolving credit facility subject to customary documentation and closing procedures, and cash on hand. It is expected that the acquisition will be completed during Q3 2025. Source: Golden Ocean

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Second Hand Sales Are Heating Up

Things are heating up in the second hand market for ships, with more deals being reported last week. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk segment, Greek based company Seanergy was behind the purchase of the Newcastlemax BERGE KITA 207,850 dwt 2013 Imabari built (SS due Oct 2028, DD due Oct 2026) for a reported price of $36.70 mln. The Kamsarmax PATRA 80,596 dwt 2012 Universal Shipbuilding built (SS and DD due OCT 2025) was sold at $15.75 mln to Greek interests. Indian interests ...

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Baltic index slips on lower capesize, panamax rates

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a second straight session on Tuesday, dragged down by weaker rates across capezise and panamax vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 8 points to 801 points. The capesize index was down 31 points at 779 points, its lowest since February 2023. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased by $258 ...

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India’s thermal coal imports seen falling for second straight year

India’s thermal coal imports are expected to fall for the second straight year in 2025 due to decreasing dependence on coal for power generation, slowing economic activity and record high inventories, industry officials said this week. All six Indian and international coal traders Reuters spoke with at the Coaltrans India conference in New Delhi expected shipments of the fuel to decline this year. Three of the traders expected imports to plunge by around 10% to about 155 million metric tons. Two of them expected a fall of 1-2%, while another ...

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Iron ore retreats as Trump tariff threats counter potential supply disruptions

Iron ore futures erased early gains to trade lower on Tuesday as unrest from U.S. President Donald Trump’s new tariffs outweighed concerns over weather-related supply disruptions in major supplier Australia. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) finished daytime trade 1.1% lower at 812 yuan ($111.12) a metric ton, the lowest since February 6. It touched the highest since December 10, 2024 at 830.5 yuan a ton earlier in the session. The benchmark March iron ore (SZZFH5) on the Singapore Exchange fell 1.32% to $105.75 ...

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Baltic index falls as larger vessel rates dip

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, retreated on Monday due to weaker larger vessel rates. The index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 6 points to 809 points, snapping a six-session winning streak. The capesize index was down 30 points at 810 points. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased by $248 to $6,716. Iron ore futures gained on Monday as earlier ...

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Iron ore at multi-month high as improving fundamentals outweigh Trump tariff threat

Iron ore futures gained on Monday as earlier losses triggered by U.S. President Donald Trump’s latest tariff threats were countered by signs of recovering demand in top consumer China and falling shipments from major suppliers. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.79% higher at 826.5 yuan ($113.16) a metric ton, the highest since December 10, 2024. The benchmark March iron ore (SZZFH5) on the Singapore Exchange climbed 0.76% to $107.15 a ton as of 0712 GMT. It touched October 16, 2024’s ...

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Dry Bulk Shipping: Capesize Market Looking for a Revival

Capesize The Capesize market experienced a generally softer week, with the 5TC declining to $6,733 by Thursday then edging back up to $6,964 by the end of the week. Despite the Pacific showing signs of strength with a healthy cargo flow and tightening of tonnage early in the week, reported fixtures struggled to push levels higher. The C5 index hovered around the upper $6s to settle at $6,71 by weeks end. In the Atlantic, the North saw continued oversupply of tonnage, particularly on transatlantic routes, where limited cargo led to ...

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