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Iron ore futures retreated on Tuesday, as investors awaited details of economic reform measures from top consumer China’s third plenum, after a slew of weaker-than-expected data triggered demand concerns. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.96%lower at 824 yuan ($113.41) a metric ton, following a rise ...
https://www.hellenicshippingnews.com/iron-ore-slips-investors-eye-stimulus-signal-from-key-china-meeting/Global mining giant Rio Tinto reported second-quarter iron ore shipments below analyst estimates on Tuesday, reflecting impacts to production from a train derailment in mid-May. The world’s largest producer of iron ore shipped 80.3 million tons (Mt) of the steel-making commodity from its Pilbara operations in the three months ended June 30. This was 3% ...
https://www.hellenicshippingnews.com/rio-tintos-iron-ore-shipments-miss-estimates-due-to-may-train-derailment/The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell on Tuesday as rates for the larger capesize vessel segment dropped to a three-week low. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 51 points, or 2.6%, to 1,942, its lowest ...
https://www.hellenicshippingnews.com/capesize-market-weakness-drags-bdi-down/
https://www.hellenicshippingnews.com/capesize-market-weakness-drags-bdi-down/The amount of coal transported in the United States decreased 8% in 2023, continuing a trend in which coal shipments have generally decreased over the past two decades as coal’s share of power generation has declined in the United States. The amount of coal transported to power plants, which are often located far from mines, ...
https://www.hellenicshippingnews.com/u-s-coal-shipments-declined-8-in-2023-as-coal-consumption-fell-sharply/Iron ore futures prices slumped to a nearly three-week low on Wednesday, undermined by weak seasonal demand from top consumer China and mounting global supply. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade nearly 2.7% lower at 805 yuan ($110.78) a metric ton, the lowest since June 26. ...
https://www.hellenicshippingnews.com/iron-ore-slumps-to-three-week-low-on-weak-china-demand-strong-global-supply/The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for the third straight session to a one-month low on Wednesday as capesize rates declined. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 52 points, or 2.7%, to 1,890, its lowest ...
https://www.hellenicshippingnews.com/baltic-index-hits-one-month-low-as-capesize-rates-slide/
https://www.hellenicshippingnews.com/baltic-index-hits-one-month-low-as-capesize-rates-slide/Orders for newbuilding bulkers are still among the main choice by ship owners. In its latest weekly report, shipbroker Banchero Costa said that “interesting activity reported in the dry bulk newbuilding market: Singapore based Owner Winning International Group booked an order for 6 x 325,000 dwt ore carriers at Hengli Heavy Industries, the former STX ...
https://www.hellenicshippingnews.com/newbuilding-bulker-orders-picking-up-the-pace/
https://www.hellenicshippingnews.com/newbuilding-bulker-orders-picking-up-the-pace/Dalian iron ore futures prices extended losses on Thursday, dragged down by the weakening steel market in top consumer China, while investors awaited details of likely stimulus measures from Beijing’sThird Plenum. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade0.9% lower at 811.5 yuan ($111.86) a metric ton. It ...
https://www.hellenicshippingnews.com/dalian-iron-ore-falls-on-weakening-steel-market-focus-on-third-plenum/ITOCHU Corporation, ClassNK, Nihon Shipyard Co., Ltd., and Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MoU) regarding a joint study for the design and safety specifications of ammonia-fueled ships which are under development by ITOCHU and partners. Ammonia is advancing as a viable marine fuel solution for the decarbonization ...
https://www.hellenicshippingnews.com/itochu-nihon-shipyard-classnk-and-mpa-signed-mou-for-joint-study-of-ammonia-fueled-bulk-carriers/The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, snapped a three-session losing streak on Thursday, helped by higher rates for capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 22 points, or 1.2%, to 1,912. The capesize index rose ...
https://www.hellenicshippingnews.com/baltic-index-snaps-3-day-losing-streak-on-capesize-demand/
https://www.hellenicshippingnews.com/baltic-index-snaps-3-day-losing-streak-on-capesize-demand/