Commodities

by hellenicshippingnews… on 23 March 2025 at 10:00 pm

Capesize The Capesize Timecharter Average (C5TC) experienced a decline of $1,507 week-on-week, settling at $22,190 on Friday. In the North Atlantic, a few INL breaching fronthaul cargoes with mid-April loading were fixed, reflecting $42,313 on the C9 route by the end of the week. In Brazil, rates started to improve since mid-week after more cargoes …

by hellenicshippingnews… on 23 March 2025 at 10:00 pm

Russian and U.S. experts will discuss ways to ensure the safety of shipping in the Black Sea at talks on a possible Ukrainian peace settlement in Riyadh on Monday, the Kremlin said. After Russian forces made gains in 2024, President Donald Trump reversed U.S. policy on the war, launching bilateral talks with Moscow and suspending …

by hellenicshippingnews… on 21 March 2025 at 10:00 pm

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, snapped a four-session losing streak on Friday, buoyed by an uptick in rates across all vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, added 8 points to 1,643 points. However, …

by hellenicshippingnews… on 21 March 2025 at 10:00 pm

Despite the rising trade tensions, China is still the main destination for US soybeans. In its latest weekly report, shipbroker Banchero Costa said that “total seaborne exports of soybeans in calendar (Jan-Dec) 2024 declined by -5.0% year-on-year to 142.3 mln tonnes, according to vessel tracking data from AXS Marine. This was a correction from the …

by hellenicshippingnews… on 21 March 2025 at 10:00 pm

Iron ore futures drifted lower on Friday and were headed for a weekly loss due to mounting concerns over demand prospects in top consumer China amid an escalating global trade war. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.33% lower at 757.5 yuan ($104.52) a metric ton, …

by hellenicshippingnews… on 21 March 2025 at 2:00 pm

Today, Friday, March 21 2025, the Baltic Dry Index climbed by 08 points, reaching 1643 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 March 2025 at 11:00 am

The surge in demand for Cape Size bulk carriers will continue for another six weeks, driven on by increased orders from China for bauxite from West Africa, according to Capt. Pappu Sastry, CEO of Adhira Shipping and Logistics. Bauxite prices have gone from US$73 in Sep 2024 to US$120 in January 2025 as an armada …

by hellenicshippingnews… on 21 March 2025 at 11:00 am

China’s imports from Russia rose 10% on the year in January-February to 12.65 million metric tons, data from the General Administration of Customs showed on Thursday, despite persistent rail bottlenecks and Western sanctions. Sanctions are pushing up the costs of mining in Russia by reducing investment and equipment upgrades and increasing personnel costs, analysts at …

by hellenicshippingnews… on 20 March 2025 at 10:00 pm

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, edged lower on Thursday, hurt by falling rates across the capesize and panamax segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, eased 2 points to 1,635 points. The capesize index was …

by hellenicshippingnews… on 20 March 2025 at 10:00 pm

“We estimate that coal shipments to China will show a 15% fall y/y during the first quarter of 2025, reaching a three-year-low. Seaborne cargoes have slowed due to weaker domestic demand and higher competition from domestic supplies and overland imports. Thermal coal cargoes have been particularly affected, though coking coal shipments have also decreased,” says …

by hellenicshippingnews… on 20 March 2025 at 10:00 pm

Dalian iron ore futures fell for a fourth straight session on Thursday, weighed by persistent worries over demand for the key steelmaking ingredient in top consumer China as the global trade war escalates. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) closed down 0.5% at 762 yuan a metric ton, after …

by hellenicshippingnews… on 20 March 2025 at 6:00 pm

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill Ocean Transportation (Singapore) Pte. Ltd., for one of its Ultramax dry bulk vessels, the m/v DSI Andromeda. The gross …

on 20 March 2025 at 5:38 pm

This content is part of the WPC 2025 series, in which we explore key themes from the 40th annual World Petrochemical Conference. While much is still unknown about the potential impacts of new tariffs on shipping flows, Port of Houston infrastructure expansion is already being directly affected by new import duties on steel, Port of Houston Chief Commercial Officer John…

by hellenicshippingnews… on 20 March 2025 at 2:00 pm

Today, Thursday, March 20 2025, the Baltic Dry Index decreased by 02 points, reaching 1635 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 …

on 20 March 2025 at 9:23 am

Full crude supply through Nigeria’s 150,000 b/d Trans Niger Pipeline has resumed, two days after a blast and fire, the Renaissance consortium confirmed to Platts on March 19. The incident hit a section of the pipeline on March 17, with the fire raging until early March 18. The Police Command said on March 18 that the pipeline had been shut…

on 20 March 2025 at 2:00 am

Ukraine is ready to halt attacks on Russian energy assets and is resolving “technical issues” around implementing a partial ceasefire, President Volodymyr Zelensky said after a call with US President Donald Trump on March 19. This comes despite accusations against the Kremlin for continuing attacks on Ukrainian infrastructure. “One of the first steps toward fully ending the war could be…

by hellenicshippingnews… on 19 March 2025 at 10:00 pm

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell for the third successive session on Wednesday, pressured by weak demand for capesize and panamax vessels. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 13 points at 1,637 points. …

on 19 March 2025 at 9:16 pm

US President Donald Trump met with oil and gas executives at the White House on March 19 afternoon as the Trump administration continued its attempts to reorient US energy policy toward deregulation, higher production and lower prices. The executives, affiliated with the executive committee of the American Petroleum Industry, the oil and gas industry’s largest lobbying group, were there to…

on 19 March 2025 at 2:47 pm

This content is part of the WPC 2025 series, in which we explore key themes from the 40th annual World Petrochemical Conference. The proposed imposition of US port fees on Chinese-built and Chinese-operated ships could dramatically impact US chemical exports and result in China being the biggest beneficiary, panelists said. The potential fees would result in the cost of a…

on 19 March 2025 at 2:21 pm

Iraq’s Council of Ministers approved the final version of a contract between energy group BP and the oil ministry to rehabilitate and develop the Kirkuk oil fields, according to a March 18 statement from the prime minister’s office. The ministry, represented by the North Oil Company and the North Gas Company, first initialed the final version of the BP deal…

by hellenicshippingnews… on 19 March 2025 at 2:00 pm

Today, Wednesday, March 19 2025, the Baltic Dry Index decreased by 13 points, reaching 1637 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 …

on 19 March 2025 at 12:48 pm

A Ukrainian drone attack on the night of March 18-19 damaged an oil facility in the south of Russia, authorities reported, as attacks on energy infrastructure have persisted despite ceasefire talks. According to a Telegram statement from the Krasnodar regional administration, Ukrainian drones were intercepted over the Russia’s Kavkazsky district, setting fire to an oil facility in the village of…

by hellenicshippingnews… on 18 March 2025 at 10:00 pm

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, eased on Tuesday for the second straight session on lower capesize rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, slipped 8 points to 1,650 points. The capesize index (.BACI) fell 54 …

by hellenicshippingnews… on 18 March 2025 at 10:00 pm

The shipping industry faces mounting pressure as the US, China, Canada, and the EU engage in reciprocal tariff measures, with dry bulk carriers likely to be the first sector impacted as markets grapple with volatility. The prevailing sentiment appears to be uncertainty. Freight rates for dry bulkers have started to firm but other shipping sectors …

by hellenicshippingnews… on 18 March 2025 at 10:00 pm

China’s iron ore and steel sectors are caught between expectations that conditions are about to improve and the reality that much of the current data is fairly soft. The raft of data on Monday underscored this dynamic, with the National Bureau of Statistics reporting declines in China’s property prices, investment and sales. January–February data showed …