Commodities

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

Australian coal exports to China soared during 2024, helping sustain solid freight demand. In a recent report, shipbroker Banchero Costa said that “in Jan-Dec 2024, global seaborne coal loadings increased by +2.4% yo-y to 1,371.8 mln t (excluding cabotage), based on vessel tracking data from AXS Marine. This represents a slowdown from the +5.8% y-o-y …

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

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, hit a one-week low on Friday and marked a second straight weekly fall as rates across all segments weakened. The index, which factors in rates for capesize, panamax and supramax shipping vessels, slipped 36 points at 987 points, …

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

Iron ore futures prices rose on Friday to hit their highest in more than four weeks and were set for weekly gains, as a raft of better-than-expected data from top consumer China buoyed sentiment and China demand stayed resilient. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended daytime trade …

by hellenicshippingnews… on 16 January 2025 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 third consecutive session on Thursday, hurt by weaker rates across the capesize and supramax segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 40 points at 1,023 points, …

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

Prices of iron ore futures climbed to a four-week high on Thursday, supported by reduced shipments from a major producer and growing expectations of further rate cuts by the Federal Reserve following cooler-than-expected U.S. inflation data. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.92% higher at 797 …

by hellenicshippingnews… on 15 January 2025 at 10:00 pm

The dry bulk market has been dubbed as quite “lackluster” with China’s economy still looking for a boost. In its latest weekly report, shipbroker Xclusiv said that “as we are just fifteen days away from the Chinese New Year seven-day public holiday (28 January 2025 to 4 February 2025), the dry freight market is quite …

by hellenicshippingnews… on 15 January 2025 at 10:00 pm

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, inched lower for a second consecutive session on Wednesday, dragged down by weaker rates across all vessels. The index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 17 points at 1,063 points. The …

by hellenicshippingnews… on 15 January 2025 at 10:00 pm

Pilbara Ports delivered a total monthly throughput of 66.2 million tonnes (Mt) for December 2024. The Port of Port Hedland achieved a monthly throughput of 48.3Mt, of which 47.6Mt was iron ore exports. This was a four per cent decrease to total throughput compared to December 2023. Imports through the Port of Port Hedland totalled …

by hellenicshippingnews… on 15 January 2025 at 10:00 pm

Iron ore futures extended gains on Wednesday, aided by China’s better-than-expected credit data but the rise was capped by fears of escalating trade tensions after U.S. President-elect Donald Trump takes office next week. Trump has pledged to impose a 60% tariff on Chinese goods. The most-traded May iron ore contract on China’s Dalian Commodity Exchange …

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

The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a three-session gaining streak on Tuesday, as rates declined across all vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 13 points at 1,080 points after hitting a more-than-one-month high …

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

China’s imports of major commodities in 2024 presented a mixed bag, with record volumes of iron ore, coal and , but weakness in . The raw data for the world’s biggest buyer of natural resources suggests that parts of the economy are performing solidly, but others are struggling, or undergoing structural shifts. However, the main …

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

Iron ore futures rose for a fourth straight session on Tuesday to hover near their highest levels in more than a week, helped by lower shipments from key producers and top consumer China’s robust steel exports. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended daytime trade 2.22% higher at …

by hellenicshippingnews… on 14 January 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 extended the time charter contract with Solebay Shipping Cape Company Limited, Hong Kong, for one of its Capesize dry bulk vessels, the m/v Semirio. The gross charter …

by hellenicshippingnews… on 14 January 2025 at 11:00 am

China’s coal imports rose 14.4% in 2024 to a record high, official data showed on Monday, as lower international coal prices spurred buyers to substitute imports for domestic supply. Coal imports for the year totalled 542.7-million metric tons, according to China’s General Administration of Customs, up from 474.42-million tons in 2023. “The increase in China’s …

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

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, hit more than a one-month high on Monday on the back of higher capesize rates. The index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 45 points at 1,093 points, its highest level since …

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

China’s iron ore imports in 2024 rose for a second year to a record high, up 4.9% from the prior year, customs data showed on Monday, as lower prices spurred buying and demand remained resilient despite its sluggish economy. The world’s largest iron ore consumer brought in a total of about 1.24 billion metric tons …

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

Iron ore futures rallied to their highest in more than a week on Monday, as revived hopes of more stimulus from top consumer China boosted sentiment. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! surrendered some earlier gains to end daytime trade 1.92% higher at 768.5 yuan ($104.82) a metric …

by hellenicshippingnews… on 13 January 2025 at 11:00 am

The world’s imports of seaborne iron ore rose a modest 3.6% to a record high in 2024, but the increase was almost entirely driven by China, the world’s biggest buyer of the key steel raw material. Global seaborne imports of iron ore were 1.707 billion metric tons in 2024, up 60 million tons from the …

by hellenicshippingnews… on 12 January 2025 at 10:00 pm

Capesize The Capesize market experienced a turbulent week, beginning with notable softness but regaining momentum by Thursday and closing on a positive trajectory. The 5TC average started at $10,696 per day, dropped to $9,123 per day midweek, and rebounded to $12,010 per day by week’s end. In the Pacific, the market remained under pressure due …

by hellenicshippingnews… on 12 January 2025 at 10:00 pm

The Atlantic Panamax markets entered the fourth quarter with a cautious outlook due to the ongoing lag in demand for the sub-Capesize sector. The Atlantic market was poised for significant negative volatility during this quarter, as it was no longer supported by longer distances resulting from re-routing due to the Suez Canal disruption, which had …

on 8 January 2025 at 12:32 am

The Atlantic Panamax markets entered the fourth quarter with a cautious outlook due to the ongoing lag in demand for the sub-Capesize sector. The Atlantic market was poised for significant negative volatility during this quarter, as it was no longer supported by longer distances resulting from re-routing due to the Suez Canal disruption, which had since normalized. Unexpectedly, the anticipated…

on 7 January 2025 at 10:32 am

The US government has labeled shipping company COSCO, technology giant Tencent and battery manufacturing company CATL as ‘Chinese miliary company’, escalating further tension between the two countries. In a notice on Jan 7, Department of Defense blacklisted the companies under in accordance with the William M. (Mac) Thornberry National Defense Authorization Act. According to Section 1260H of the William M….

on 7 January 2025 at 4:09 am

The US Department of Defense added China’s state shipping company China COSCO Shipping Corp. Ltd. and China National Offshore Oil Corp.’s international oil trading arm to a list of companies allegedly supporting the Chinese military, according to a notice filed with the Federal Register Jan. 7. The Deputy Secretary of Defense determined that the entities listed in the notice qualify…

on 6 January 2025 at 6:04 pm

As 2024 wrapped up, clean tanker routes saw widely varying rate situations and faced little certainty with the arrival of the new year. For Medium Range tankers, the UKC-USAC route was under steady pressure in the fourth quarter, while notable volatility marked the Med-Med Handysize route. In contrast, the Long Range tanker market remained relatively stable. As the market moves…

on 2 January 2025 at 4:52 am

Russian ESPO blend crude loadings from Kozmino port rose to 41 ships in December from 36 in November, likely a record high for monthly loadings of the grade, data from S&P Global Commodities at Sea showed Jan. 2. Prior to this, the last peak for monthly liftings of ESPO blend from Kozmino was in October, when 40 cargoes were shipped…

on 31 December 2024 at 8:46 pm

The US is stepping up its strikes against the Houthi rebels in Yemen, an effort in the waning days of the Biden administration to degrade the Iranian proxy’s ability to disrupt shipping routes through the Red Sea. US Central Command carried out strikes against targets in Sana’a and coastal locations in Yemen on Dec. 30 and Dec. 31, according to…

on 30 December 2024 at 9:00 am

This is part of the COMMODITIES 2025 series where our reporters bring to you key themes that will drive commodities markets in 2025. Future of sugar production German and French producers have reported concerns over lower-than-expected sucrose content in sugar beets this season. Both countries are currently re-evaluating production strategies, a move that could have a ripple effect on future…

on 27 December 2024 at 12:53 pm

Yemen’s Houthi rebels claimed a drone attack on a Maersk container ship in the Arabian Sea on Dec. 27, stoking renewed concerns over Red Sea shipping amid another flare-up in attacks. In a speech shared on X by Houthi spokesperson Yahya Saree on Dec. 27, the group claimed that several drones hit the Santa Ursula tanker near Yemen’s Socotra Island,…