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This week’s chart illustrates the increase in the monthly volume of Ukrainian grain shipments during the first half of this year (left chart), following Russia’s withdrawal from the Black Sea Grain Initiative in the summer of 2023. Despite the heightened security risks and logistical challenges, Ukraine has managed to significantly boost its grain exports through ...
https://www.hellenicshippingnews.com/dry-bulk-market-ukrainian-grain-shipments-to-all-destinations/
https://www.hellenicshippingnews.com/dry-bulk-market-ukrainian-grain-shipments-to-all-destinations/“During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase in prices could be deterring contracting, yet in the second-hand market, where prices rose 15.2% y/y, the number of sales still increased 11.7% y/y. Other factors, such as limited shipyard availability ...
https://www.hellenicshippingnews.com/dry-bulk-newbuild-contracting-fell-34-2-despite-a-strong-market/Iron ore futures prices fell on Friday to post a weekly loss, as a lack of concrete stimulus from top consumer China and weak seasonal demand for steel weighed on the market. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 0.19% lower at 804.5 yuan ($110.72) a ...
https://www.hellenicshippingnews.com/iron-ore-posts-weekly-loss-on-lack-of-china-stimulus-demand-outlook/China is facing an oversupply of soybeans as record high purchases boost stockpiles at a time when animal feed demand remains subdued, with prices of products such as soyoil and soymeal set to sink even lower. The soybean surplus also threatens to curb China’s appetite for imports in the September-December period, the peak marketing season ...
https://www.hellenicshippingnews.com/china-faces-soybean-glut-as-peak-us-export-season-nears/
https://www.hellenicshippingnews.com/china-faces-soybean-glut-as-peak-us-export-season-nears/The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, posted a weekly decline on Friday as rates for the capesize segment fell for the week. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 10 points, or 0.5%, to 1,902. The index ...
https://www.hellenicshippingnews.com/baltic-index-posts-weekly-loss-as-capesize-rates-fall/
https://www.hellenicshippingnews.com/baltic-index-posts-weekly-loss-as-capesize-rates-fall/Iron ore is one of the worst performing commodities so far this year. Prices are down about 20% year-to-date as demand by the biggest consumer, China, continues to face headwinds from the property sector while the global seaborne market remains in a surplus. Subdued demand the key driver Looking ahead to the third quarter, fundamentals ...
https://www.hellenicshippingnews.com/subdued-demand-to-pressure-iron-ore-prices/
https://www.hellenicshippingnews.com/subdued-demand-to-pressure-iron-ore-prices/China’s soybean imports from Brazil rose 2.2% in June from a year earlier, data showed on Saturday, as Chinese buyers scooped up lower-priced South American beans. The world’s biggest soybean buyer imported 9.72 million metric tons of the oilseed from Brazil last month, compared with 9.51 million tons a year earlier, data from the General ...
https://www.hellenicshippingnews.com/china-june-soy-imports-from-brazil-rise-2-customs-data-show/
https://www.hellenicshippingnews.com/china-june-soy-imports-from-brazil-rise-2-customs-data-show/Growing global demand for commodities and a sluggish newbuild market up until 2023 have set the stage for bullish growth in the bulker market in the coming years. Bulker owners are taking advantage of these favourable market conditions and starting to invest. International demand for dry cargo is increasing Although high interest rates and inflation ...
https://www.hellenicshippingnews.com/positive-outlook-for-bulkers-as-demand-outpaces-supply/
https://www.hellenicshippingnews.com/positive-outlook-for-bulkers-as-demand-outpaces-supply/Capesize It was only on Thursday that the Capesize 5TC climbed to positive territory and became closer to $25,000. But the correction or Friday eventually settled the week at $24,652. In the Pacific, there was more resistance from owners towards the end of the week, which pushed C5 to $9.725 in the end. Meanwhile, more ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-on-correction-mode/
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-on-correction-mode/Singapore shipyard group Seatrium has agreed to pay an additional $68m to settle a rig building dispute with Norwegian industrial investor Akastor. Akastor said in a filing on Oslo the sum would be paid as full and final settlement and booked in its Q2 financials. The case dates back to 2012 when Jurong Shipyard, now …
https://splash247.com/seatrium-reaches-68m-settlement-in-rigs-related-dispute/
https://splash247.com/seatrium-reaches-68m-settlement-in-rigs-related-dispute/