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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/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/Today, Wednesday, September 12 2024, the Baltic Dry Index decreased by 36 points, reaching 1927 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-1927-down-36-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1927-down-36-points/Iron ore futures prices surged on Thursday to hit their highest in more than a week, as prospects of improved seasonal demand in China outweighed concerns over the top consumer’s economic recovery. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 3.97% higher at 707.0 yuan ($99.25) a ...
https://www.hellenicshippingnews.com/iron-ore-soars-to-over-one-week-high-on-upbeat-seasonal-demand-outlook/The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commodities fell on Thursday, weighed down by losses in the capesize segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 36 points, or 1.8%, to 1,927. The capesize index slipped by 150 points, or ...
https://www.hellenicshippingnews.com/baltic-index-falls-as-capesize-rates-decline-2/
https://www.hellenicshippingnews.com/baltic-index-falls-as-capesize-rates-decline-2/In what appears to be a structural market swift, Ultramax dry bulk carriers appear to have an edge over their Kasmarmax counterparts. In its latest weekly report, shipbroker Intermodal said that “the past week closed with the Kamsarmax sector once again emerging as the most underperforming segment in terms of average time-charter equivalent (TCE) with ...
https://www.hellenicshippingnews.com/ultramaxes-edging-out-kamsarmaxes/
https://www.hellenicshippingnews.com/ultramaxes-edging-out-kamsarmaxes/