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Dry Bulk Market

How China is working hard to be less reliant on US farmers

China is looking to boost its domestic production of soybeans, potentially becoming less reliant on U.S. farmers amid a tit-for-tat trade war between the world’s largest economies. China included lifting soybean production in a five-year plan issued in 2016, but in early April it announced that soybean farmers in China’s northeastern provinces would be getting higher subsidies than its corn producers this year. This notably came amid a fierce war of words between Beijing and Washington and just a day before China said it was going to slap a 25 ...

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Baltic Dry Index climbs to 1476, up 4 points

Today, Monday, May 14 2018, the Baltic Dry Index climbed by 4 points, reaching 1476 points.

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Capesize Market Firming Again

Capesize A positive mood for the coming days, with rates firming again as the week closed out. In Asia, the key C5 route, West Australia/China, peaked at $8.55, but then lost ground as a holiday in Europe unsettled the market and this combined with a then sluggish Brazil market. Within 24 hours, rates dropped to $8,00 but then 24 hours later gained 40 cents, with increased activity from the Australian miners and operators. As rates rose, owners were increasingly trying for timecharter, with Australian rounds in the low $20,000 daily ...

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Pan Ocean Well Positioned For BDI Hikes

It also offers other related services worldwide such as trading, logistics and heavy lifting. The company has over 1,000 employees, of which 35% are on land and 65% maritime. Business Description Pan Ocean ships more than 100m tons of cargo per year, using a total of 204 vessels (81 owned and 123 chartered). The company owns vessels of all sizes, including dry bulk and non-dry bulk ships with capacities ranging between 10,000 to 100,000 deadweight tonnage (DWT). The company offers both liner and tramp shipping. As opposed to liner, tramp ...

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Diversification pays dividends for South Korean thermal coal buyers

South Korean thermal coal buyers have been working hard over the past year to diversify their supply sources and take advantage of price arbitrages in the seaborne market, according to an S&P Global Platts analysis. Trade and customs data for South Korea showed that operators of power plants fired by imported thermal coal have increased their purchases from non-traditional supply sources such as Canada, Colombia, and the United States. These three countries typically supply customers in the Atlantic Basin market – including Europe, where demand for imported thermal coal is ...

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India’s thermal coal imports rise over 15 pct in Q1 – trader

India’s thermal coal imports rose by more than 15 percent in the first three months of 2018, with Indonesia accounting for about three-fifths of total supplies, according to vessel arrival data from Dubai-based coal trader American Fuels & Natural Resources. India’s rising coal imports are contributing to higher demand across Asia this year, which has pushed benchmark Australian coal cargo prices above $100 per tonne, a price not seen at this time of year in more than half a decade. Imports rose to 39.6 million tonnes during the three months ...

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USDA predicts record soybean exports despite China trade dispute

U.S. soybean exports will beak a record in the upcoming marketing year despite the growing threat of a trade war with top-buyer China, the U.S. Department of Agriculture said on Thursday, but traders expressed doubts about that forecast. Skeptics noted that heated rhetoric between the United States and China, the world’s top buyer of the oilseed, has sent tremors throughout futures markets in recent months and disrupted trade flows of products ranging from steel to sorghum. Still, the USDA forecast in a monthly report that U.S. soybean exports in the ...

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Baltic Dry Index climbs to 1472, up 19 points

Today, Friday, May 11 2018, the Baltic Dry Index climbed by 19 points, reaching 1472 points.

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Dry Bulk FFA: Demand Evident in the Capesize Paper Market

Capesize FFA Commentary: Continuing with the food theme it was feast or famine yesterday. In early trading the market was as flat as a pancake. We traded sideways in small volume before the paper market turned as quickly as a bucket of prawns on a hot summers day. Rates were off leaving a nasty taste in buyers mouths but again volume was small as positions were closed. With the index slipping, appetite to buy was limited although things quickly changed mid afternoon post what one would likely attribute to a ...

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Baltic Dry Index falls to 1453, down 12 points

Today, Thursday, May 10 2018, the Baltic Dry Index decreased by 12 points, reaching 1453 points.

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Dry Bulk FFA: Panamax Index Still Bullish

The index remains in bullish territory above the 8 and 21 period EMA’s on the weekly chart. We are seeing a momentum slowdown on the daily technical but remain bullish above the USD 10,995 low from last week. Below this level the technical picture becomes weaker as the market will have created a lower high. The June 18 futures (rolling front month) are stuck between two Fibonacci levels and have formed a neutral pattern. Technically neutral to bearish based on price action but oversold on the stochastic. Directional bias will ...

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Australian North Queensland’s Apr coal exports hit 12-month low on cyclone

Coal exports from Australia’s North Queensland hit a one-year low in April due to Tropical Cyclone Iris and scheduled maintenance at one of the three ports in the region, data from the North Queensland Bulk Ports Corporation showed Wednesday. A total 10.28 million mt of coal was shipped from the key metallurgical coal production region’s three export terminals Abbott Point, Dalrymple Bay and Hay Point in the month, down 17% from March. However, the total was still up 218% from last April, when the region was more severely impacted by ...

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Baltic Dry Index climbs to 1465, up 33 points

Today, Wednesday, May 09 2018, the Baltic Dry Index climbed by 33 points, reaching 1465 points.

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DryShips Inc. Reports Net Income of 0.8 million for the First Quarter of 2018

DryShips Inc., a diversified owner and operator of ocean going cargo vessels, announced its unaudited financial and operating results for the quarter ended March 31, 2018. First Quarter 2018 Financial Highlights For the first quarter of 2018, the Company reported a net income of $0.8 million, or $0.01 basic and diluted earnings per share. The Company reported Adjusted EBITDA of $12.9 million for the first quarter of 2018. (1) (1) Adjusted EBITDA is a non-GAAP measure; please see later in this press release for reconciliation to net income/ (loss). Updated ...

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Dry Bulk FFA: Capesize Market Looking for More Momentum

Capesize FFA Commentary: Capes rallied from London open yesterday morning with the front months making the biggest gains. May had traded during Monday Bank holiday at $18000 and was trading $18750 levels by 7.30am some volume traded from this level to $19200 where it found resistance. The index is expected to continue higher tomorrow and may breach $20k, so we await to see if this brings fresh buying interest and pushes the May and other nearby contracts higher again. June had a similar rally and found resistance around $18k. Q3 ...

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