Commodities

by hellenicshippingnews… on 16 June 2025 at 5:00 pm

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, yesterday announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2010-built Panamax vessel “Selina”, with delivery to the buyer latest by August 15, 2025, …

by hellenicshippingnews… on 15 June 2025 at 9:00 pm

Capesize The Capesize market displayed a steady yet nuanced performance this week, starting on a subdued note due to European holidays but gaining traction as the days progressed. In the Pacific, the C5 West Australia to China route saw persistent activity from all major miners, with fixtures gradually improving from sub $10.00 levels early in …

by hellenicshippingnews… on 13 June 2025 at 9:00 pm

This week’s Market Monitor highlights the strong performance in Capesize iron ore flows, which have continued to support demand throughout the year. This trend is reflected in the recent strengthening of the Baltic Capesize Index and average earnings on the C5TC route. Bauxite shipments have also played a notable role in supporting Capesize fleet employment, …

by hellenicshippingnews… on 13 June 2025 at 10:00 am

Demand for palm oil from India and China is expected to increase in coming months as recent price corrections provide attractive entry points for the big buyers, an industry expert said. Prices of palm oil in Malaysia gained nearly 20% last year, but shed around 12% so far this year as the high prices led …

by hellenicshippingnews… on 12 June 2025 at 9:00 pm

Dry bulk ship acquisitions have been on the rise over the course of the past week, with more being reported. In its latest weekly report, shipbroker Banchero Costa said that “in the Bulk sector undisclosed buyers were behind the purchase of the Kamsarmax AOM SOPHIE II 82,000 dwt 2020 Japanese built sold at mid-$31 mln. …

by hellenicshippingnews… on 12 June 2025 at 9:00 pm

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry commodities, extended gains to scale a more than eight-month peak due to higher rates across both large and small vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was up 166 points, or 9.6%, …

by hellenicshippingnews… on 12 June 2025 at 9:00 pm

Iron ore futures prices slid on Thursday as investors awaited more details on the trade talks between the U.S. and China even as U.S. President Donald Trump struck a positive note. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! closed the daytime trade 0.21% lower at 704 yuan ($98.05) a …

by hellenicshippingnews… on 12 June 2025 at 10:00 am

Ukrainian traders are looking to increase grains exports to the Middle East as their tariff-free access to the European Union’s market has expired, according to the chief executive of a business that supplies grains to Jordan. The EU waived duties and quotas on Ukrainian agricultural goods following Russia’s invasion of Ukraine three years ago, but …

by hellenicshippingnews… on 11 June 2025 at 9:00 pm

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry commodities, rebounded to its highest level in nearly seven months on higher rates across vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was up 58 points, or 3.5%, at 1,738, its highest since …

by hellenicshippingnews… on 11 June 2025 at 9:00 pm

Through our dry bulk flow tool, we have identified changing trends in the trade of corn. Similar to soybeans, both the U.S. and Brazil dominate the export market; however, unlike that market, the U.S. is seeing its exports strengthen. This report looks at whether the increase in U.S. corn exports is enough to make up …

by hellenicshippingnews… on 11 June 2025 at 9:00 pm

Iron ore futures prices rebounded on Wednesday, as signs of progress in trade talks between the world’s two largest economies bolstered sentiment, although uncertainty over a final agreement and softening steel demand capped further gains. Officials from the United States and China, the world’s largest iron ore consumer, agreed on a framework to put their …

by hellenicshippingnews… on 10 June 2025 at 9:00 pm

A new factor which could alter the current “status quo” in the global iron ore and dry bulk market is entering the foray. In its latest weekly report, shipbroker Intermodal said that “the long-awaited Simandou iron ore project in Guinea is poised to shift the global dynamics of iron ore supply and maritime trade. With …

by hellenicshippingnews… on 10 June 2025 at 9:00 pm

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry commodities, dipped on Tuesday due to a decline in capesize rates, after scaling a seven-month high in the previous session. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, lost 11 points, or 0.6%, to 1,680. …

by hellenicshippingnews… on 10 June 2025 at 9:00 pm

China’s iron ore imports in May missed expectations, dropping 4.9% from April, as mills exercised caution in buying seaborne cargoes in anticipation of seasonally slower steel consumption. The world’s largest iron ore consumer brought in 98.13 million metric tons of the key steelmaking ingredient last month, data from the General Administration of Customs showed on …

by hellenicshippingnews… on 10 June 2025 at 9:00 pm

China soybean imports hit a record high of 13.92 million metric tons in May, customs data showed on Monday, more than double the volume imported in April, as customs clearance speeds returned to normal and the operating rate of crushing plants recovered. Imports had plunged to a 10-year low of 6.08 million metric tons in …

by hellenicshippingnews… on 10 June 2025 at 9:00 pm

Iron ore futures prices extended their decline into a second straight session on Tuesday, dragged by expectations of growing supply, although resilient demand from top consumer China and hopes of easing Sino-US trade tensions curbed losses. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! closed daytime trade 0.85% lower at …

by hellenicshippingnews… on 10 June 2025 at 10:00 am

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Monday to hit a near seven-month peak, supported by firm demand for larger vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, added 58 points, or 3.6%, at 1,691, its …

by hellenicshippingnews… on 10 June 2025 at 10:00 am

If anything can wreck the party for U.S. corn exporters, it’s Brazil. The U.S. Department of Agriculture has sky-high goals for U.S. corn exports in both the current and upcoming marketing years, but the overall potential may be confined by Brazil’s current harvest success. As of May 29, U.S. corn exporters had sold 99% of …