ShipOracle News
Coal imports for blending purposes witnessed a decline of 32% in FY24 at 23.92 million tonnes (MT) compared to 35.10 MT in FY23, an official data showed. The decline can be attributed to the increase in the production of domestic coal which touched 997.4 MT last fiscal, up 11.67% from the previous year. Central sector ...
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The Baltic Exchange’s main sea freight index that tracks rates for ships carrying dry bulk commodities slipped to a more than one-week low on Tuesday, pressured by weaker demand across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dipped 73 points, or 3.53%, to 1,993, its ...
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Iron ore prices extended declines into a second straight session on Wednesday, dragged down by expectations of seasonally falling demand in top consumer China and U.S. tariff hikes on some Chinese products. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 1.55% lower at 858 yuan ($118.78) a ...
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“Global soya bean exports are forecast to grow by 8% between 2023 and 2025 based on data from the United States Department of Agriculture (USDA). Stronger import demand from China will be met by larger harvests in the US and Brazil and in the near term, soya beans are expected to be a key growth ...
https://www.hellenicshippingnews.com/global-soya-bean-exports-expected-to-grow-8-until-2025/
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Building on our Capesize Market Insights from the end of April, this week we are monitoring Panamax vessel count of ballasters in the ECSA region versus Baltic rates. The month of May presents challenges for the Capesize freight market prices, as uncertainties loom over Chinese macroeconomic fundamentals, potentially impacting future growth and demand. As China ...
https://www.hellenicshippingnews.com/dry-bulk-market-panamax-market-insights-p6_82-route-supply/
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The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for the fifth consecutive session on Wednesday dragged by weaker rates across all segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 104 points, or 5.22%, to 1,889, its highest single-day ...
https://www.hellenicshippingnews.com/baltic-index-slips-for-5th-straight-day-on-weaker-vessel-rates/
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Soybean oil export values in the Brazilian market have strengthened to nearly two-year highs amid a combination of supportive factors, from improving destination demand to concerns over crop losses from floods in the southern state of Rio Grande do Sul. Platts assessed the soybean oil FOB Paranaguá basis for June dates at minus 300 points ...
https://www.hellenicshippingnews.com/brazilian-soybean-oil-export-values-firm-further/
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Iron ore futures prices rebounded on Thursday as news of authorities in top consumer China considering government purchases of unsold homes lifted investor sentiment and demand outlook for the key steelmaking ingredient. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 2.56% higher at 881 yuan ($122.09) a metric ...
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ShipOracle News
China’s demand for imported iron ore has most likely peaked, but the composition of future imports are likely to shift as the world’s biggest steel producer seeks to decarbonise. China, which buys about 75% of all seaborne iron ore, imported 1.18 billion metric tons of the key steel raw material in 2023, a record high, ...
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ShipOracle News
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, slipped to its lowest level in nearly two weeks on Thursday, weighed down by weaker rates across all segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 72 points, or 3.81%, to ...
https://www.hellenicshippingnews.com/baltic-index-hits-near-two-week-low-as-vessel-demand-dips/
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