The Baltic Exchange’s main sea freight index inched up on Friday helped by an uptick in panamax and supramax rates, and posted its first weekly gain in three due to robust capesize rates. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up by 2 points at 1,296 points. The index rose 2.3% this week. The capesize index fell 14 points, or 0.7%, to 1,900 points, even as it gained 3.3% for the week. Average daily ...

The Mn ore stocks in ports of China peaked at a record high level of 5.83 million tonnes on week 37, climb another +1% w-on-w. The total allocated Mn ore storages have been filled to capacity in Tianjin and almost full in Qinzhou resulting in vessels unloading disruptions which translate in extensive vessel waiting for berthing times. Normally, it takes from zero up to two days for a vessel to be unloaded in port. As of week 37, the delays often stretch between 5-10 days. Consequently, there was a record ...

Today, Friday, September 18 2020, the Baltic Dry Index climbed by 2 points, reaching 1296 points.

India’s imports of thermal coal fell by 41.5% to 32.9 million tonnes during the quarter ended June 30, government data showed, as coronavirus lockdowns battered power demand. India’s electricity demand is expected to fall for the first time in four decades in the ongoing fiscal year, which ends in March 2021. Imports by utilities, which account for over three-fourths of India’s coal use, fell 41%, the government data showed, as coal’s share in overall power generation dropped to as low as 60% during the quarter, compared with 2019 average of ...

With the world trade expected to heavily contract this year, it’s no surprise that the dry bulk orderbook has diminished quite heavily. In its latest weekly report, shipbroker Allied Shipbroking said that “it is undoubtedly a period in which investment sentiment across the whole spectrum of economic activity has been severely hit. A global recession for 2020 is now a certainty, with the only question and debate being as to its scale. At this point and in line with all this, global trade has posted a massive decline this year, ...

The Baltic Exchange’s main sea freight index rose on Thursday, buoyed by stronger rates across vessel segments. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up 13 points, or 1%, at 1,294 points. “The gap between short and long term contract freight rates on the Trans-Pacific trade lane has never been wider,” the Baltic and International Maritime Council said in a note. “The stars are now aligned for carriers to achieve higher long term contract ...

Today, Thursday, September 17 2020, the Baltic Dry Index climbed by 13 points, reaching 1294 points.

The Baltic Exchange’s main sea freight index fell on Wednesday, pressured by a dip in capesize vessel rates. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, shed eight points, or 0.6%, at 1,281. The capesize index fell 33 points, or 1.7%, to 1,889. Average daily earnings for capesizes, which typically transport cargoes of 170,000 tonnes to 180,000 tonnes including iron ore and coal, declined $278 to $15,664. Dalian iron ore futures slipped over 5% on Wednesday ...

Today, Wednesday, September 16 2020, the Baltic Dry Index decreased by 8 points, reaching 1281 points.

The Baltic Exchange’s main sea freight index rose for a second consecutive session on Tuesday, buoyed by stronger rates for capesize vessels. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up seven points, or 0.5%, at 1,289 points. The capesize index gained 24 points, or 1.3%, at 1,922 points, hitting its highest since Sept. 7 Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, rose $205 to $15,942. ...

Today, Tuesday, September 15 2020, the Baltic Dry Index climbed by 7 points, reaching 1289 points.

Australia’s relationship with its biggest trading partner, China, has deteriorated rapidly this year. China is working on a major African iron ore mine that would add 150 million tonnes to global supply Trade experts say China can only maintain its current aggressive trade stance for a short while before damaging its own economy As Australia has taken a firmer stance on issues such as China’s South China Sea incursions and investigations into the source and handling of the COVID-19 outbreak, the nation’s biggest trading partner has hit back through hip ...

The Baltic Exchange’s main sea freight index rose on Monday, snapping a 12-day long losing streak, buoyed by stronger rates for capesize vessels. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up 15 points, or 1.2%, at 1,282. The capesize index rose 59 points, or 3.2%, to 1,898. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $489 at $15,737. Dalian iron ore futures rose on ...

In a recent weekly report, shipbroker Banchero Costa said that “the coal market has been hit by a weaker global economy as a result of COVID-19 pandemic and falling industrial electricity demand due to global shift towards cleaner energy. Indonesia, the world’s secondlargest exporter of coal, is gradually deviating away from its major coal customer due to the effects of COVID-19 and their continually changing import requirements. According to the shipbroker, “in the first 8 months of 2020, Indonesia exported 217.4 mln tonnes of coal (excluding Lignite), based on Refinitiv ...

Dalian iron ore futures rose on Monday after a four-session run of losses, as strong demand outlook for the steelmaking ingredient in China offset concerns over data showing a steady rise in the country’s portside stockpiles. Iron ore’s most-active January 2021 contract on the Dalian Commodity Exchange closed 2.4% higher at 848.50 yuan ($124.23) a tonne. Its front-month October contract on the Singapore Exchange rose 1.4% to $125 a tonne at 0716 GMT, extending gains into a second session. Underscoring China’s sharp demand recovery from the COVID-19 pandemic, the top ...