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Today, Tuesday, September 10 2024, the Baltic Dry Index decreased by 17 points, reaching 1941 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1941-down-17-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1941-down-17-points/China’s coal imports rose 3% in August as utilities continued to stock up amid record-breaking hot weather, but rising renewable power generation appears to be slowly dampening the pace of import gains. August shipments stood at 45.84 million metric tons, data from the General Administration of Customs showed on Tuesday. However, that was down from ...
https://www.hellenicshippingnews.com/chinas-august-coal-imports-rise-3-as-heat-waves-spur-power-demand/
https://www.hellenicshippingnews.com/chinas-august-coal-imports-rise-3-as-heat-waves-spur-power-demand/China’s iron ore imports in August fell 1.38% from July and slipped 4.73% from a year earlier, customs data showed on Tuesday, as falling steel prices and a gloomy demand outlook dampened buyers’ appetite. China, the world’s largest iron ore consumer, brought in 101.39 million metric tons of the key steelmaking ingredient last month, according ...
https://www.hellenicshippingnews.com/china-august-iron-ore-imports-slide-on-steel-rout-soft-demand-outlook/
https://www.hellenicshippingnews.com/china-august-iron-ore-imports-slide-on-steel-rout-soft-demand-outlook/The Baltic Exchange’s main sea freight index retreated on Tuesday after hitting its highest in nearly two months in the previous session, pressured by a dip in the capesize vessel segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 17 points, or 0.9%, to 1,941. The index hit ...
https://www.hellenicshippingnews.com/baltic-index-retreats-as-capesize-rates-dip-2/
https://www.hellenicshippingnews.com/baltic-index-retreats-as-capesize-rates-dip-2/Dry bulk carriers have been in high demand, with more deals being reported on a weekly basis. In its latest report, shipbroker Banchero Costa said that “a decent volume of activity was concluded last week, mostly for Dry Bulkers with deals reported for geared tonnage, Capesize and Newcastlemax. The MINERAL CHARLIE 205,000 dwt built 2012 ...
https://www.hellenicshippingnews.com/dry-bulkers-in-high-demand-2/
https://www.hellenicshippingnews.com/dry-bulkers-in-high-demand-2/Today, Wednesday, September 11 2024, the Baltic Dry Index climbed by 22 points, reaching 1963 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-1963-up-22-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-1963-up-22-points/Prices of iron ore futures rose on Wednesday as firmer exports and softer supply in China outweighed concerns over the top consumer’s faltering demand outlook and economic recovery. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.09% higher at 694 yuan ($97.56) a metric ton. The benchmark October ...
https://www.hellenicshippingnews.com/iron-ore-climbs-on-firmer-exports-lower-supply/
https://www.hellenicshippingnews.com/iron-ore-climbs-on-firmer-exports-lower-supply/“Between January and August 2024, Chinese seaborne dry bulk imports rose 6% y/y, defying concerns over China’s domestic demand, its real estate crisis and producer price deflation. A combination of inventory build-up and commodity specific developments have contributed to strong import demand,” says Filipe Gouveia, Shipping Analyst at BIMCO. So far in 2024, China has increased ...
https://www.hellenicshippingnews.com/chinese-seaborne-dry-bulk-imports-up-6-despite-economic-challenges/
https://www.hellenicshippingnews.com/chinese-seaborne-dry-bulk-imports-up-6-despite-economic-challenges/The decreasing trend in the number of Capesize ballasters in the South Atlantic reinforces the recent signs of a rebound in C3 market rates, as noted in our previous weekly insights. However, on the P6 route, the decline in ballaster numbers has not been accompanied by a rise in freight market rates, with demand appearing ...
https://www.hellenicshippingnews.com/capesize-panamax-ballasters-view-vs-baltic-rates/
https://www.hellenicshippingnews.com/capesize-panamax-ballasters-view-vs-baltic-rates/The Baltic Exchange’s main sea freight index racking rates for ships carrying dry bulk commodities rose on Wednesday, supported by gains in larger vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, added 22 points, or 1.1%, to 1,963. The capesize index gained 33 points, or 1%, to 3,375. ...
https://www.hellenicshippingnews.com/baltic-index-gains-as-larger-vessel-rates-rise/
https://www.hellenicshippingnews.com/baltic-index-gains-as-larger-vessel-rates-rise/