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Dry Bulk Market: Capesizes Supported by Tightening of Tonnageby hellenicshippingnews… on 4 May 2025 at 9:00 pm
Capesize The Capesize market maintained a generally firm tone this week, supported by a tightening of tonnage in both the Pacific and North Atlantic, alongside a steady flow of cargo. In the Pacific, early-week momentum was driven by active miners on the C5 route and healthy operator volumes, while a notably shorter tonnage list helped …
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Baltic Dry Index climbs to 1421 up 10 pointsby hellenicshippingnews… on 4 May 2025 at 1:00 pm
Today, Wednesday, May 02 2025, the Baltic Dry Index climbed by 10 points, reaching 1421 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 …
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Baltic Index Posts Weekly Gain On Higher Capesize Demandby hellenicshippingnews… on 2 May 2025 at 9:00 pm
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, edged higher on Friday and posted a weekly rise due to higher demand for capesize vessels. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, added 10 points, or 0.8%, to 1,421. It …
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Dry Bulk Shipping: Policy is now as Major Catalyst for Market Direction as Seasonalityby hellenicshippingnews… on 2 May 2025 at 9:00 pm
The ever-shifting tides of the shipping freight market are proving to be difficult to navigate. For example, in the dry bulk market, seasonality used to be a defining factor, but lately policy have proven to be equally as important. In its latest weekly report, shipbroker Xclusiv said that “in dry bulk shipping, seasonal cycles often …
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Baltic Dry Index climbs to 1411 up 25 pointsby hellenicshippingnews… on 1 May 2025 at 1:00 pm
Today, Tuesday, May 01 2025, the Baltic Dry Index climbed by 25 points, reaching 1411 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 …
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Baltic Index Falls On Lower Demand Across Vessel Segmentsby hellenicshippingnews… on 30 April 2025 at 9:00 pm
The Baltic Exchange’s dry bulk sea freight index fell on Wednesday as all vessel segments recorded losses. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was down 12 points to 1,386. The capesize index dropped 17 points to 1,961. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes …
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Dry Bulk Shipping: US tariff increases drive weaker demand outlookby hellenicshippingnews… on 30 April 2025 at 9:00 pm
“We expect that the dry bulk market’s supply/demand balance will weaken in both 2025 and 2026. Since our last update, a change in US trade policy has led to a deterioration in the economic outlook and an increase in uncertainty. Consequently, we have cut cargo demand growth by 0.5 percentage points in 2025 and 2026,” …
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China’s reliance on soybean imports continues despite cutback plansby hellenicshippingnews… on 30 April 2025 at 9:00 pm
China wants to reduce reliance on foreign soybeans, but importers apparently didn’t get the memo. To curb imports and increase national food security, the world’s top soybean buyer in recent years says it has made sizable cuts to soybean meal’s use in livestock feed. However, China’s soybean imports were at a record high last year, …
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Iron ore logs third monthly decline on potential steel output cuts in Chinaby hellenicshippingnews… on 30 April 2025 at 9:00 pm
Iron ore futures edged lower on Wednesday, posting a third straight monthly decline amid the possibility of steel output cuts in top consumer China, while demand slowed ahead of the Labour Day holiday. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended daytime trade 0.78% lower at 703.5 yuan ($96.81) …
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Baltic Dry Index falls to 1386 down 12 pointsby hellenicshippingnews… on 30 April 2025 at 1:00 pm
Today, Wednesday, April 30 2025, the Baltic Dry Index decreased by 12 points, reaching 1386 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 …
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Baltic Index Snaps Six-Session Winning Streak On Lower Rates Across Vessel Sizesby hellenicshippingnews… on 29 April 2025 at 9:00 pm
The Baltic Exchange’s dry bulk sea freight index slipped on Tuesday, snapping six straight sessions of gains, due to a fall in prices across all vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, fell by five points to 1,398. The capesize index shed two points to 1,978. Average …
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Seaborne iron ore market braces for bumpy Q2 amid trade tensions, thin demandby hellenicshippingnews… on 29 April 2025 at 9:00 pm
This report is part of the S&P Global Commodity Insights’ Metals Trade Review series, where we dig through datasets and digest some of the key trends in iron ore, metallurgical coal, copper, alumina, cobalt, lithium, nickel and steel and scrap. We also explore what the next few months could bring, from supply and demand shifts …
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Australia’s Fortescue bucks weather woes to post higher Q3 iron ore shipmentsby hellenicshippingnews… on 29 April 2025 at 9:00 pm
Australian miner Fortescue FMG posted higher third-quarter iron ore shipments on Thursday in line with analyst expectations, as output recovered from a train derailment in the same quarter a year earlier. The iron ore producer, chaired by its billionaire founder Andrew Forrest, posted quarterly iron ore shipments of 46.1 million metric tons (mt), compared with …
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Dalian iron ore nudges higher on resilient China demandby hellenicshippingnews… on 29 April 2025 at 9:00 pm
Dalian iron ore futures edged higher on Tuesday, supported by near-term demand in top consumer China, although gains were limited by conflicting statements from Washington and Beijing over trade negotiations. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.28% higher at 709 yuan ($97.49) a metric ton. The …
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Baltic Dry Index falls to 1398 down 05 pointsby hellenicshippingnews… on 29 April 2025 at 1:00 pm
Today, Tuesday, April 29 2025, the Baltic Dry Index decreased by 05 points, reaching 1398 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 …
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Dry Bulk Shipping: Steel Exports on the Riseby hellenicshippingnews… on 28 April 2025 at 9:00 pm
Global seaborne steel exports posted a strong rise during 2024, with China having the “lion’s share” of this trade, with over 30% of the overall market. In its latest weekly report, shipbroker Banchero Costa said that “steel products are one of the most important dry bulk commodities, accounting for almost 4 percent of all seaborne …
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Baltic index rises to three-week high as larger vessel rates firmby hellenicshippingnews… on 28 April 2025 at 9:00 pm
The Baltic Exchange’s dry bulk sea freight index rose to scale an over-three-week high on Monday due to an increase in larger vessel rates. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, added 30 points, to 1,403 points. The capesize index rose 91 points, or 4.8%, to 1,980, its highest …
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Potential US port fees may disrupt dry bulk trade and vessel availabilityby hellenicshippingnews… on 28 April 2025 at 9:00 pm
Recent discussions on tariffs have largely overlooked the potential implementation of the Office of the United States Trade Representative (USTR)’s port fees on Chinese-built vessels. The current US administration is considering an additional port fee for Chinese-built vessels entering US ports to curb China’s dominance in shipbuilding. This fee, which could reach up to $3.5 …
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West Africa to China – Capesize’s most significant opportunity?by hellenicshippingnews… on 28 April 2025 at 9:00 pm
Through our dry bulk flow tool, we have identified changing trends in the trade of bulk raw materials from the West Coast of Africa to China. In particular, bauxite flows have surged, driven by China’s growing aluminium production, leading to a greater need for capesize vessels. As raw material sourcing fluctuates, this tool enables valuable …
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Dalian Iron Ore Edges Lower Amid Possibility of Chinese Steel Output Cutsby hellenicshippingnews… on 28 April 2025 at 9:00 pm
Iron ore futures prices fell on Monday, weighed down by the likelihood of China cutting crude steel output, although losses were capped by a continued rise in demand for the steelmaking ingredient. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.49% lower at 710.5 yuan ($97.32) a metric …
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INTERVIEW: Vaalco’s 50,000 b/d goal in reach after Ivory Coast dealson 25 April 2025 at 11:03 am
Africa-focused Vaalco Energy is confident it can double oil production to 50,000 b/d through organic growth at existing assets after striking two major Ivory Coast deals, CEO George Maxwell told Platts. In a wide-ranging interview, Maxwell said the Houston-based company had nudged up its working interest production to 25,000 b/d, with output from its new Baobab field off Ivory Coast…
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US LNG industry warns compliance ‘impossible’ with new maritime restrictionson 23 April 2025 at 9:47 pm
The US LNG industry warned that new Trump administration protectionist measures targeting Chinese ships could threaten the US’ future status as the world’s top LNG supplier by requiring that a share of exports be transported on US ships starting in three years. The final plan, which the US Trade Representative released April 17, will subject Chinese ship operators and Chinese-built…
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China’s ZhenHua Oil, ADNOC sign 5-year LNG SPA with prices linked to JKM, Brenton 21 April 2025 at 12:31 pm
State-owned oil and gas company China ZhenHua Oil Co. Ltd. has signed a five-year sales and purchase agreement with the Abu Dhabi National Oil Co. for the supply of about 800,000 mt, or 12 cargoes, per year of LNG starting in 2026, according to a source familiar with the deal. The transaction price of the SPA is based on a…
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Global tanker freight seen subdued in Q2 after USTR rejigs port fee proposalson 21 April 2025 at 8:32 am
Global tanker freight is expected to face downward pressure in the second quarter of the year due to concerns over a global economic slowdown and a reduced likelihood of disruption from US port fees on China-linked ships, market participants and analysts said April 21. The latest proposals from the US Trade Representative could still divide large, dirty tankers — such…
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Multibillion US farm, protein trade face choppy waters over ship feeson 18 April 2025 at 1:21 pm
The New US Trade Representative’s action targeting China’s maritime dominance could pose significant challenges to US agricultural exports, as grains, oilseeds and proteins face steep cost hikes and trade flow shifts, according to industry sources. Announced April 17, Section 301 will impose service fees on Chinese ships from Oct. 14, escalating to $1.5 million per port entry by 2028. Tariffs…
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Malaysia LNG, MLNG Dua in process of resuming operations: Petronason 18 April 2025 at 8:59 am
Malaysia LNG and Malaysia LNG Dua, subsidiaries of state-owned Petronas, are in the process of resuming operations after a recent production interruption, a Petronas spokesperson told Platts, part of S&P Global Commodity Insights, on April 18. “Rectification and startup activities to resume operations at the affected modules are currently in progress,” following an April 8 production interruption, the spokesperson said….
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FACTBOX: Shipping rates under pressure from ongoing tariff turmoilon 17 April 2025 at 3:24 pm
Global shipping rates are falling across multiple segments as escalating trade tensions and new US tariff threats weigh on maritime trade flows, according to industry analysts and shipping data. The downturn follows several rounds of tit-for-tat measures between Washington and Beijing in recent weeks, which has seen US levies on most goods from China surge to 145%. China in the…
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EU, IMO alignment of bunker emission rules in focus amid worries over double chargeson 17 April 2025 at 3:08 pm
While the EU has long taken pride in leading the regulatory drive to reduce maritime greenhouse gas emissions, industry participants are watching how Brussels will keep its promise of aligning its legal frameworks with international rules to ease the burden on shipping companies. Earlier this month, International Maritime Organization member states voted for the first sector-wide GHG costs on marine…
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Czech Republic ready to end Russian crude imports after launching TAL pipeline upgradeon 17 April 2025 at 12:26 pm
The Czech Republic is ready to break years of Russian oil dependence with the inauguration of its expanded Trans-Alpine pipeline, Prime Minister Petr Fiala said April 17. Speaking at a press conference at the country’s Nelahozeves central oil storage facility, Fiala confirmed that the inaugural crude cargo to transit the upgraded pipeline had reached the Czech Republic on April 16….
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Japanese refiners back OPEC+ crude output hike amid high Middle Eastern relianceon 17 April 2025 at 3:30 am
Japan’s refiners fully support OPEC+ crude producers’ decision to increase output, as the country’s reliance on Middle Eastern suppliers is expected to remain high in 2025 despite efforts to diversify supply sources, according to traders and feedstock managers interviewed between April 14 and April 16. The Asian refining industry has been highly satisfied with the recent significant drop in major…