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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/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/