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The Baltic Exchange’s main dry bulk sea freight index on Wednesday fell for the seventh consecutive session to its lowest levels in more than a month, hurt by declining rates across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 144 points, or 7.2%, to ...
https://www.hellenicshippingnews.com/baltic-index-slides-for-seventh-straight-sessions/
https://www.hellenicshippingnews.com/baltic-index-slides-for-seventh-straight-sessions/Iron ore futures were mixed on Thursday, with China’s Dalian contract falling for a third consecutive day, hurt by aslow start to China’s construction season and higher supply from Brazil. The most-traded May iron ore on the Dalian Commodity Exchange DCIOcv1 closed 1.9% lower at 797 yuan ($110.27) per metric ton. However, the benchmark April ...
https://www.hellenicshippingnews.com/dalian-iron-ore-falls-for-third-straight-day-on-china-demand-concerns/The Baltic Exchange’s main dry bulk sea freight index extended declines on Thursday to post its worst week since early January, pressured by weaker rates across all segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 24 points, or 1.3%, to 1,821 points, its lowest level since ...
https://www.hellenicshippingnews.com/baltic-index-posts-worst-week-in-more-than-two-months/
https://www.hellenicshippingnews.com/baltic-index-posts-worst-week-in-more-than-two-months/Demand for dry bulkers remained strong during the first quarter, as shown by the increase in the number of deals reported. In its latest weekly report, shipbroker Xclusiv said that “during the first 3-months of 2024, dry bulk S&P activity was brisk, with over 220 vessels changing hands. This represents a nearly 35% increase compared ...
https://www.hellenicshippingnews.com/dry-bulk-second-hand-sales-grew-by-35-during-the-first-quarter-of-2024/China and India lifted imports of seaborne thermal coal to three-month highs in March as the world’s two biggest buyers took advantage of lower international prices of the fuel to meet strong domestic power demand. China, the world’s biggest coal producer and importer, saw arrivals of seaborne thermal coal of 29.7 million metric tons in ...
https://www.hellenicshippingnews.com/china-india-boost-seaborne-thermal-coal-imports-as-power-demand-surges/The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a ninth straight session on Tuesday to a near six-week low as rates fell across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 107 points, or 5.9%, to ...
https://www.hellenicshippingnews.com/baltic-index-hits-near-6-week-low-on-lower-vessel-demand/
https://www.hellenicshippingnews.com/baltic-index-hits-near-6-week-low-on-lower-vessel-demand/The dry bulk market has rebalanced itself, after a period of correction. In its latest report, Breakwave Advisors noted that “the correction in dry bulk is here as spot rates look for a bottom. Although the excitement in dry bulk shipping remains unabated, Capesize spot rates have now declined by about 40% from recent highs, ...
https://www.hellenicshippingnews.com/dry-bulk-market-rebalancing-evident-as-capesize-rates-drop-by-40/Iron ore futures in China eased on Wednesday, but were trading higher on a weekly basis, as market participants balanced weak demand and hopes for better future consumption. The most-traded May iron ore on China’s Dalian Commodity Exchange (DCE) closed 2.5% lower at 749 yuan ($103.52) per metric ton. However, the contract was up 2.5% ...
https://www.hellenicshippingnews.com/chinese-iron-ore-dips-but-rises-on-a-weekly-basis/
https://www.hellenicshippingnews.com/chinese-iron-ore-dips-but-rises-on-a-weekly-basis/The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, edged lower on Wednesday, pressured by lower rates for panamax and supramax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 3 points or 0.2% to 1,711 points. The panamax index, fell ...
https://www.hellenicshippingnews.com/baltic-index-edges-lower-on-weaker-panamax-supramax-rates-2/
https://www.hellenicshippingnews.com/baltic-index-edges-lower-on-weaker-panamax-supramax-rates-2/Power plants running on imported coal will have to operate at full capacity till September to meet rising demand for electricity, as per a government order. The power ministry said in a statement that it will extend Section 11 of the Electricity Act till the end of September. So far, the mandate is in effect ...
https://www.hellenicshippingnews.com/india-imported-coal-based-power-plants-to-run-at-full-capacity-till-september/