Commodities

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

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, jumped to a near one-month high on Wednesday, helped by gains across all vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 63 points to 904 points, its …

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

“Global iron ore shipments have fallen 7% y/y, during the first seven weeks of 2025, amid supply disruptions and weak Chinese import demand. Australian cargoes have fared the worst, down 10% y/y while shipments from Brazil have weakened by 5% y/y. The comparatively stronger Brazilian shipments are boosting average sailing distances, but tonne mile demand …

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

The sharp decline in Australian dry bulk flows in early 2025, as depicted in the data, can be directly linked to the severe disruptions caused by Cyclones Sean and Zelia. These extreme weather events led to temporary port closures, infrastructure damage, and halted mining operations, particularly in the ore-rich Pilbara region. The significant drop in …

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

Dalian iron ore futures prices extended gains to a second session on Wednesday, supported by expectations of improving demand and fewer portside arrivals that would lead to large destocking at major ports in top consumer China. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.48% higher at 820.50 …

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

Today, Wednesday, February 19 2025, the Baltic Dry Index climbed by 63 points, reaching 904 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 February 2025 at 11:00 am

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced its unaudited financial and operating results for the fourth quarter of 2024 and the year ended December 31, 2024. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to “we,” “us,” “our,” …

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

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose to a one-month high on Tuesday, buoyed by rising rates across all vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 35 points to 841 points, its …

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

Iron ore futures rebounded on Tuesday, as improved downstream steel demand and expectations of more stimulus from top consumer China boosted sentiment. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended daytime trade 2.51% higher at 818 yuan ($112.34) a metric ton. The benchmark March iron ore (SZZFH5) on the …

by hellenicshippingnews… on 18 February 2025 at 11:00 am

Today, Tuesday, February 18 2025, the Baltic Dry Index climbed by 35 points, reaching 841 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 February 2025 at 10:00 pm

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose on Monday, driven by increases across all vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 14 points to 806 points. The capesize index gained 9 points to …

by hellenicshippingnews… on 17 February 2025 at 10:00 pm

Handysize ships’ prices are trending higher, despite an overall lackluster freight market sentiment. In its latest weekly report, shipbroker Intermodal said that “in recent years, geopolitical uncertainty has been a defining characteristic of the global landscape. The recent election of the U.S. President has been followed by numerous announcements regarding tariffs, including the latest imposition …

by hellenicshippingnews… on 17 February 2025 at 10:00 pm

Iron ore futures slid on Monday as concerns over cyclone-related supply disruptions eased in major supplier Australia following the reopening of local iron ore ports, although upbeat data in top consumer China curbed losses. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) paired some earlier losses to end daytime trade 0.92% …

by hellenicshippingnews… on 17 February 2025 at 2:00 pm

Today, Monday, February 17 2025, the Baltic Dry Index climbed by 14 points, reaching 806 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 16 February 2025 at 10:00 pm

Capesize The Capesize market saw a generally softer trend this week, with the 5TC declining over the first three days before stabilising as activity picked up to close at $5,939. However, this still reflected a week-on-week loss of over $1,000, marking its lowest level since late February 2023, and the lowest time-charter average among the …

by hellenicshippingnews… on 16 February 2025 at 10:00 pm

Iron ore imports to top consumer China for the first two months of 2025 are set to slide as weeks of tropical cyclones and bad weather in major producer Australia hit shipments, according to analysts. Imports of the key steelmaking ingredient in January and February are forecast to be at least 10% less than the …

by hellenicshippingnews… on 14 February 2025 at 10:00 pm

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose on Friday, supported by higher rates across all vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 12 points to 792 points. However, the index fell nearly 3% …

by hellenicshippingnews… on 14 February 2025 at 10:00 pm

Singapore iron ore futures prices rose on Friday and were on track for a weekly gain, supported by heightened concerns over cyclone-led supply disruptions in major producer Australia. The benchmark March iron ore (SZZFH5) on the Singapore Exchange was up 0.46% at $106.95 a metric ton, as of 0738 GMT, posting a weekly gain of …

by hellenicshippingnews… on 14 February 2025 at 2:00 pm

Today, Friday, February 14 2025, the Baltic Dry Index climbed by 12 points, reaching 792 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 14 February 2025 at 5:54 am

India is looking at Oman and other Middle Eastern countries as potential strategic oil storage options while also pushing for reserves at home, as it looks to accelerate capacity expansion amid geopolitical tensions, the chief executive officer of Indian Strategic Petroleum Reserves Ltd. said. India’s expansion push at home and overseas would take the country closer to the strategic oil…

by hellenicshippingnews… on 13 February 2025 at 10:00 pm

With seasonality playing a big part, dry bulk shipping freight rates have taken a significant hit over the past few months. In its latest weekly report, shipbroker Xclusiv said that “the dry bulk freight market has experienced significant declines in rates across various vessel sizes since November 2024. According to the Baltic Exchange Timecharter equivalents, …

by hellenicshippingnews… on 13 February 2025 at 10:00 pm

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, snapped its three-session losing streak on Thursday, as rising supramax rates countered weakness in the larger vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by four points to 780 …

on 13 February 2025 at 3:24 pm

The EU is likely to continue ratcheting up its punishing sanctions on Russia, including a ban on most oil imports, unless Moscow accepts accountability for its invasion of Ukraine and a reconstruction plan is agreed, the European bloc’s sanctions envoy said in an interview. As the three-year anniversary of the invasion on Feb. 24 approaches, the EU is set to…

on 12 February 2025 at 2:37 pm

The US has started to target tankers responsible for transshipments of Iranian oil with sanctions, which could further disrupt Iran’s cargo logistics at a time when its top customers in China take a cautious stance on sanctioned trades, according to industry data and observers. With President Donald Trump promising “maximum pressure” on Iran’s oil exports as his second term started,…

on 12 February 2025 at 12:36 pm

Middle Eastern oil producers, including Iraq and Saudi Arabia, may be unable to help meet Indian crude demand in coming months should US sanctions on Russia impact the subcontinent’s primary supply. Gurmeet Singh, the director general of the Federation of Indian Petroleum Industry, said the country has developed a strategy to replace Russian barrels, which may include boosting imports from…

on 11 February 2025 at 1:44 pm

Change of refinery ownership has been in the focus in Europe of late, with BP announcing plans to sell its Gelsenkirchen refinery in Germany while talks have been ongoing for the sale of Lukoil’s site in Bulgaria and Serbia’s NIS has been looking at mitigating the impact of US sanctions due to the partial Russian ownership of its refinery. **…

on 11 February 2025 at 1:12 pm

Russia will continue supplying hydrocarbons to “pragmatic and reasonable” countries such as India, “no matter what pressure is exerted,” a senior oil ministry official said on Feb. 11, as the market processes the impact of the latest batch of Western sanctions. Pavel Sorokin, Russia’s first deputy minister of energy, told an energy conference in New Delhi that Russia plays a…