iron ore

Bulk carriers: Πώς η ζήτηση ευνοεί τη ναυλαγορά

Καθώς οδεύουμε προς την παραδοσιακά ισχυρότερη περίοδο για την αγορά ξηρού φορτίου, οι πλοιοκτήτες bulkers έχουν ήδη καταγράψει υψηλά κέρδη, με τις δυνάμεις προσφοράς και ζήτησης να ευνοούν τη ναυλαγορά, ενώ οι εκτιμήσεις είναι θετικές και για το 2022. Είναι μάλιστα χαρακτηριστικό ότι μεταξύ 28 Μαΐου και 3 Σεπτεμβρίου ο BDI παρουσιάζει αύξηση 51,9%, στις 3.944 μονάδες. Η αντίστοιχη αύξηση για τα Capesizes (BCI) αγγίζει το 82,1%.

Στην τελευταία τριμηνιαία έκθεσή της η BIMCO σημειώνει ότι πρόσφατα...

https://www.naftikachronika.gr/2021/09/10/bulk-carriers-pos-i-zitisi-evnoei-ti-navlagora/

SAL MARKETWATCH: dry bulk shipping sector rallies, providing relief to owners and operators

Pictured: the 403,627 DWT capesize bulker, Sea Espirito Santo (IMO 9575462) receives assistance from tugs.
Photo credit: Marcus Dall via Unsplash.

Increasing demand for the carriage of dry bulk overtakes shipping supply in dry markets causing, as any armchair economist could predict, rising freight rates. But it’s not a super-surge by any means...

Only a few brave souls would have predicted a late-mid-year dry bulk rally – a time of year when dry bulk rates are historically weaker.

But here we are.

https://www.shippingaustralia.com.au/sal-marketwatch-dry-bulk-shipping-sector-rallies-providing-relief-to-owners-and-operators/

Chinese iron ore imports fall to 14-month low in July

BIMCO’s shipping number of the week

Peter Sand

Chinese iron ore imports fall to 14-month low in July

Chines iron ore imports fell to 88.5 million tonnes in July, the lowest level since May 2020. The fall in July means that accumulated imports are lower than in the first seven months of 2020. Imports this year have totaled 649.0 million, a 1.5% decline from January to July 2020. In July, imports were down 21.4% from the same month in 2020 when they reached a record high of 112.7m tonnes.

Steel...

https://allaboutshipping.co.uk/2021/08/19/chinese-iron-ore-imports-fall-to-14-month-low-in-july/

BIMCO: China’s one-sided recovery drives iron ore market back up

BIMCO: China’s one-sided recovery drives iron ore market back up

Peter Sand

In the first two months of 2021, Brazilian iron ore exports have risen by 9.1% to 53.0m tonnes,
driven by China. So far this year, 35.2m tonnes of iron ore has been exported to China,
representing a 15.2% increase from the same period last year and standing in contrast to slightly
declining exports to all other countries: down 1.2% to 17.8m tonnes, continuing the trend from
2020.

Despite the strong growth rates in the first...

https://allaboutshipping.co.uk/2021/03/17/bimco-chinas-one-sided-recovery-drives-iron-ore-market-back-up/

WA Government backs polluters and fails re: key drivers of State’s economy

But why? Photo credit: Anita S via Pixabay

The WA Government has, in a letter to Shipping Australia, demonstrated a gross ignorance of, or indifference to, the point at which two of the most important industries in the Western Australian economy intersect: namely ocean-transport and the iron ore industry.

Imposition of an unfair and outrageous charge

Effective from 1 March 2021, an unfair cash grab will be brought into existence by the Pilbara Ports Authority, which has decreed that vessels...

https://shippingaustralia.com.au/wa-government-backs-polluters-and-fails-on-key-driver-of-states-economy/

Macro Macchiato: Iron Ore Production Outlook to 2023

Macro Macchiato: Iron Ore Production Outlook to 2023

Iron ore prices and consumption are both rising.  The main consumer of iron ore, China, has posted 6.5% GDP growth for 2020. China has also produced record-breaking quantities of steel as its break-neck development shows no sign of ending yet. In 2020 China broke through the one billion tonnes of steel production barrier with 105 Bn T of output.

Benchmark 62% Fe fines imported into China are selling in mid-January 2021 at USD 175 per tonne CFR....

https://allaboutshipping.co.uk/2021/01/22/macro-macchiato-iron-ore-production-outlook-to-2023/

New Year, New Cash Grab in Western Australia

Credit: Melissa Walker Horn and unsplash

Pilbara Ports Authority (PPA) has introduced a new cash grab, er, port charge at the Port of Port Hedland.

Effective from 1 March 2021, the PPA has decreed that vessels exporting iron ore that use the inner harbour of Port Hedland must pay a “Port Hedland Voluntary Buy-Back Scheme” charge.

There is a sliding scale of charges based on a combination of a vessel’s gross registered tonnage and its movements. Charge-liable ships will be slugged once on the way...

https://shippingaustralia.com.au/new-year-new-cash-grab-in-western-australia/

Near term outlook for Australian iron ore exports improves

Pictured: iron ore embedded in rock is revealed with infrared vision in the Hammersley Iron Province, Western Australia; Credit USGS and Unsplash

Mineral markets have tightened over the last few months and the outlook for Australian iron ore exports has improved, reports the Office of the Chief Economist in the December edition of the “Resources and Energy Quarterly”.

A key indicator: steel

As every 1,000 kilograms of steel requires 1,400 kilograms of iron to make, global steel production and...

https://shippingaustralia.com.au/near-term-outlook-for-australian-iron-ore-exports-improves/

Imports Major Commodities in China Coming To A Level

China has almost single-handedly rescued commodity markets throughout the global coronavirus pandemic, but there are signs that its appetite for imports is levelling off, albeit at robust levels, reports Reuters. 

Imports Data Show Minor Changes

November trade data released on Monday painted a largely steady picture, with imports of major commodities showing only relatively minor changes from both month earlier, and year earlier comparisons.

This isn’t to say that China’s commodity demand is...

https://mfame.guru/imports-major-commodities-in-china-coming-to-a-level/

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