Canada has emerged as one of the exporters with the biggest increase in seaborne coal exports during 2023, with the upwards trend maintaining momentum in 2024 as well. In its latest weekly report, shipbroker Banchero Costa said that “global coal trade has really picked up pace in recent months, and...
https://www.hellenicshippingnews.com/canadian-coal-exports-on-the-rise-in-2024/
The Baltic Exchange’s dry bulk sea freight index gained on Friday and posted its best week in overseven weeks, steered by firmer rates across vessel types. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 18 points, or about 1%, to 1,919 points....
The Baltic Exchange’s dry bulk sea freight hit a more than three-week high on Thursday, driven by robust demand across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 57 points, or 3.1%, to 1,901 points, its highest level...
https://www.hellenicshippingnews.com/baltic-index-hits-over-3-week-high-as-vessel-rates-climb/
After a trading lull during the Lunar New Year in early February, US-Brazil met coal freight has dipped further, as time-charter rates dropped to mid-$13,000s/d on April 16, from the high $16,000s at the beginning of March. This fall was fueled by heightened by more-profitable grain-loading...
Rio Tinto reported a 5% fall in its first-quarter iron ore shipments on Wednesday, missing estimates, because of weather disruptions at ports and reduced production from some of its Western Australian mines. Mine depletion in its Yandicoogina mine in Western Australia contributed to the fall in...
The Baltic Exchange’s main dry bulk sea freight index climbed to its highest level in nearly three weeks on Tuesday, as rates rose across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 49 points, or 2.8%, to 1,779 points,...
Ship owners have been quite active in the second market over the past week. In its latest weekly report, shipbroker Banchero Costa said that “in the tanker market Union Maritime placed order for 2 x LR2 tankers to be built at Hyundai Vietnam basis delivery 2027 , price reported at $71 mln each, the...
https://www.hellenicshippingnews.com/ship-owners-looking-for-more-sp-deals/
Iron ore has emerged as the surprise in China’s first quarter commodity imports, with arrivals posting strong gains despite the gloom surrounding the key property construction sector. March imports were 100.72 million metric tons, up 3.3% from February’s 97.51 million and just exceeding the 100.23...
https://www.hellenicshippingnews.com/chinas-iron-ore-imports-rise-as-inventories-build-russel/
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, were little changed on Monday as gains in smaller vessel segments countered weaker capesize rates. The overall index .BADI, which factors in rates for capesize, panamax and supramax shipping...
China’s coal imports were nearly flat in March year-on-year, customs data showed, as weak demand and falling domestic prices weighed on international shipments. Arrivals of coal in China, the world’s biggest consumer of the fuel, totalled 41.38 million metric tons in March, up less than 1% from...
https://www.hellenicshippingnews.com/chinas-march-coal-imports-nearly-flat-up-14-in-q1/