Commodities

by hellenicshippingnews… on 22 November 2024 at 10:00 pm

A new record has been set by China in terms of coal imports during the Jan. – Oct. period of 2024. In its latest weekly report, shipbroker Banchero Costa said that “global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels. In Jan-Oct 2024 the …

by hellenicshippingnews… on 22 November 2024 at 10:00 pm

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday, pressured by losses across all vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, dipped 39 points to 1,537 points. The capesize index lost 98 points to 2,626 points. …

by hellenicshippingnews… on 22 November 2024 at 10:00 pm

Iron ore futures fell on Friday amid risk-off sentiment across the financial markets due to the intensifying Ukraine-Russia conflict,but they were on track for a weekly gain on solid demand. The most-traded January iron ore on China’s Dalian Commodity Exchange (DCE) DCIOcv1 traded 1.2% lower at 768.50 yuan ($106.06) per metric ton at the midday …

by hellenicshippingnews… on 22 November 2024 at 6:00 pm

EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it has signed a contract with Nantong Xiangyu Shipbuilding for the construction of two 63,500 DWT ultramax bulk carriers. Both vessels are geared, eco, and are built to EEDI …

by hellenicshippingnews… on 21 November 2024 at 10:00 pm

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Thursday, dragged down by losses across all vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, dipped 40 points to 1,576 points. The capesize index lost 86 points to 2,724 …

by hellenicshippingnews… on 21 November 2024 at 10:00 pm

“The Baltic Dry Index (BDI) has recovered since the start of November due to stronger capesize freight rates, but the index is still down 10% y/y. The capesize market has benefited from a 1% increase in shipments so far in November compared to October 2024 and November 2023. However, the increase has not been enough …

by hellenicshippingnews… on 21 November 2024 at 10:00 pm

Iron ore futures climbed on Thursday to their highest levels in more than one week as investors and traders weighed firm near-term demand against high portside stocks, while awaiting new clues on the consumption outlook for top consumer China. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade …

by hellenicshippingnews… on 21 November 2024 at 2:00 pm

Today, Thursday, November 21 2024, the Baltic Dry Index decreased by 40 points, reaching 1576 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 …

by hellenicshippingnews… on 21 November 2024 at 11:00 am

China’s soybean imports from the U.S. more than doubled in October from a year earlier, marking a seventh month of growth, as buyers accelerated shipments fearing a rise in trade tensions if Donald Trump were to return to the White House. Trump won the U.S. presidential election the following month in a comeback that is …

by hellenicshippingnews… on 20 November 2024 at 10:00 pm

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday, pressured by weak rates across the panamax and supramax vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, dipped 11 points to 1,616 points. The capesize index rose 2 …

by hellenicshippingnews… on 20 November 2024 at 10:00 pm

China’s coal imports from Russia rose 13% in October from the same month a year earlier despite sanctions on Moscow, customs data showed on Wednesday. The October figure was 8.24 million metric tons, down slightly from 8.33 million tons in September and the lowest monthly level since March. The October total brought Russian shipments to …

by hellenicshippingnews… on 20 November 2024 at 10:00 pm

Dalian ironore futures prices rose for a third straight session on Wednesday, supported by resilient steel demand and persistent hopes of further economic stimulus in top consumer China. Lingering high portside stocks capped gains, however. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.11% higher at 774.5 yuan($106.96) …

by hellenicshippingnews… on 20 November 2024 at 2:00 pm

Today, Wednesday, November 20 2024, the Baltic Dry Index decreased by 11 points, reaching 1616 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 …

by hellenicshippingnews… on 19 November 2024 at 10:00 pm

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a second straight session on Tuesday, pressured by weak demand across all vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, dipped 129 points to 1,627 points. The capesize index …

by hellenicshippingnews… on 19 November 2024 at 10:00 pm

EuroDry Ltd., an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today its results for the three and nine-month periods ended September 30, 2024. Total net revenues for the quarter of $14.7 million. Net loss attributable to controlling shareholders, of $4.2 million or $1.53 loss per share basic …

by hellenicshippingnews… on 19 November 2024 at 10:00 pm

Iron ore futures rose for a second consecutive session to a one-week high on Tuesday, supported by a weaker dollar and the start of restocking by Chinese steelmakers to maintain production in January. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended morning trade 3.05% higher at 776 yuan ($107.17) a …

by hellenicshippingnews… on 19 November 2024 at 2:00 pm

Today, Tuesday, November 19 2024, the Baltic Dry Index decreased by 129  points, reaching 1627 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 …

by hellenicshippingnews… on 18 November 2024 at 10:00 pm

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped on Monday, dragged down by losses across all vessels. The index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 29 points to 1,756 points. The capesize index dipped 67 points to 3,162 points. …

by hellenicshippingnews… on 18 November 2024 at 2:00 pm

Today, Monday, November 18 2024, the Baltic Dry Index decreased by 29 points, reaching 1756 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 …

by hellenicshippingnews… on 17 November 2024 at 10:00 pm

Capesize The Capesize market showed a strong overall performance this week, with the Baltic 5TC gaining momentum and rising significantly from Monday’s $20,872 to end the week at $26,777. Early week enthusiasm in the Pacific came from high activity levels on C5, with miners securing fixtures at improving rates, peaking at $10.60-$10.75 levels by weeks …

on 13 November 2024 at 11:41 am

Freight rates in the West African Suezmax segment have softened to near the troughs seen in Q3 2024, with sources pointing to weaker cargo inquiry levels, a significant overhang of tonnage and a general lack of activity caused by many market participants attending the Bahri week event in Dubai. Platts, part of S&P Global Commodity Insights, assessed freight on the…

on 12 November 2024 at 5:32 pm

The share of G7-linked crude tankers in Russia rebounded to a seven-month high in October, supported by recent Russian crude weakness as their operators found trade opportunities without breaching the price cap. Data from S&P Global Commodities at Sea and Maritime Intelligence Risk Suite showed 24.8% of Russia’s 3.7 million b/d seaborne crude exports were loaded by ships flagged, owned…

on 12 November 2024 at 4:57 pm

Led by the US, Western governments have tightened sanctions on Russia, Iran and Venezuela amid escalating geopolitical conflicts, often targeting the countries’ oil exports to choke off their main revenue streams. In response, OPEC+ producers are amassing tanker capacity to bypass the trade restrictions and continue their seaborne oil shipments, often destined for China, the world’s largest oil importer that…

on 12 November 2024 at 4:00 pm

(Latest update: Nov. 12, 2024) Related content: G7 crude tankers return to Russia as Urals trades close to price cap Russia, one of the world’s largest oil suppliers, has increasingly turned to non-Western firms to transport its crude to overseas buyers during its ongoing war with Ukraine . With a dual goal of undermining Russia’s war chest without creating significant…

on 12 November 2024 at 6:34 am

More shipping operators have returned to the Red Sea but a full-scale recovery at the Suez Canal is “not yet on the horizon,” AD Ports Group said Nov. 12. Disruptions since December 2023 as more ships avoided the Red Sea because of attacks by Iran-backed Houthi militants are likely to persist in the “short-term,” the company said in an earnings…

on 12 November 2024 at 3:48 am

Term contractual supply of November-loading barrels of Singapore ex-wharf low sulfur marine gasoil, with 0.1% sulfur, were inked at differentials of around minus $1/b against benchmark FOB Singapore 10 ppm sulfur gasoil cargo assessments, traders said. The differentials were mostly above the $1.50/b-$1.80/b discounts for October-loading contracts, with traders attributing the gradual strengthening of the LSMGO market to tighter-than-usual supply….

on 11 November 2024 at 2:57 pm

Gasoline coming from Russia totaling 141,100 barrels are expected to arrive in the Brazilian port of Santos over the next two weeks, according to data retrieved Nov. 11 from S&P Global Commodities at Sea . The Southeastern Brazilian port is scheduled to receive a Russian cargo of 112,000 barrels (17,806 cu m) Nov. 19, followed by another Russian cargo of…