Commodities

by hellenicshippingnews… on 26 May 2025 at 9:00 pm

Prices of iron ore futures dropped on Monday on subdued steel consumption in top consumer China, while persistent weakness in the country’s real estate sector also dampened market sentiment. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended daytime trade 2.21% lower at 706.5 yuan ($98.47) a metric ton. Earlier …

by hellenicshippingnews… on 25 May 2025 at 9:00 pm

Capesize The Capesize market ended the week on a firmer note after a shaky start, recovering well from early pressure caused by uncertainty in Guinea. The announcement of revoked mining licenses initially rattled sentiment, but the market quickly regained composure. The Pacific basin emerged as the strongest performer, underpinned by consistent miner and operator demand. …

by hellenicshippingnews… on 23 May 2025 at 9:00 pm

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dipped on Friday and posted a weekly loss on declining rates for panamax and supramax vessels. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, lost 1 point, or 0.1%, to 1,340, to register …

by hellenicshippingnews… on 23 May 2025 at 9:00 pm

Larger bulkers were in demand in the S&P market over the past week. In its latest report, shipbroker Banchero Costa said that “in the Bulk sector, the Capesize TRADERSHIP 176,000 dwt 2006 Namura built was reported sold to undisclosed buyers at $19 mln. As comparison, in March ARABELLA 177,000 2005 Namura built was sold at …

by hellenicshippingnews… on 23 May 2025 at 9:00 pm

Today’s intense macro-economic and geopolitical uncertainty may soften demand for seaborne dry bulk commodity imports but may also mute dry bulk ship orders over the next quarters. It has been just over a month since tariffs were announced by President Trump, and despite recent positive developments with China and the UK, it is anyone’s guess …

by hellenicshippingnews… on 23 May 2025 at 9:00 pm

Iron ore futures prices dipped on Friday and posted weekly losses on persistent property weakness in China as well as slowing demand for the steelmaking ingredient. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended daytime trade 1.24% lower to 718 yuan ($99.73) a metric ton. The contract lost 1.51% …

by hellenicshippingnews… on 23 May 2025 at 1:00 pm

Today, Friday, May 23 2025, the Baltic Dry Index decreased by 01 points, reaching 1340 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 22 May 2025 at 9:00 pm

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday, breaking a three-session losing streak on the back of stronger demand in the capesize segment. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, gained 4 points, or 0.3%, to 1,341. …

by hellenicshippingnews… on 22 May 2025 at 9:00 pm

With growing industry attention focused on the latest USTR port fees, we take a closer look at the evolution of the dry bulk fleet, particularly in light of a noticeable slowdown in new contracting activity. According to Signal Ocean Orderbook Data Analytics – Dry Bulk Fleet Projection Analysis, between 2020 In 2024, the global dry …

by hellenicshippingnews… on 22 May 2025 at 9:00 pm

United Maritime Corporation, announced yesterday its financial results for the first quarter ended March 31, 2025. The Company also declared a quarterly dividend of $0.01 per common share for the first quarter of 2025. For the quarter ended March 31, 2025, the Company generated Net Revenues of $7.8 million compared to $10.6 million in the …

by hellenicshippingnews… on 22 May 2025 at 9:00 pm

Prices of Dalian iron ore futures traded within a thin range on Thursday as investors weighed resilient demand for the steelmaking ingredient in top consumer China against rising shipments from leading producers Australia and Brazil. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.14% higher at 727 yuan …

by hellenicshippingnews… on 22 May 2025 at 1:00 pm

Today, Thursday, May 22 2025, the Baltic Dry Index climbed by 04 points, reaching 1341 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 May 2025 at 9:00 pm

The ship recycling market has remained stagnant over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the global ship recycling market remained largely stagnant this week, with limited activity across key regions. In India, conditions were unchanged, with persistent liquidity issues and weak steel …

by hellenicshippingnews… on 21 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, fell on Wednesday to a near one-week low due to weaker rates for capesize and panamax vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, lost 3 points, or 0.2%, to …

by hellenicshippingnews… on 21 May 2025 at 9:00 pm

Golden Ocean Group Limited the world’s largest listed owner of large size dry bulk vessels, today announced its unaudited results for the quarter ended March 31, 2025. Highlights Net loss of $44.1 million and loss per share of $0.22 (basic) for the first quarter of 2025, compared to net income of $39.0 million and earnings …

by hellenicshippingnews… on 21 May 2025 at 9:00 pm

Iron ore futures rose on Wednesday, supported by a softer U.S. dollar and resilient demand for the steelmaking ingredient, although weakness in China’s property sector capped gains. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.76% higher at 728.5 yuan ($101.10) a metric ton. The benchmark June iron …

by hellenicshippingnews… on 21 May 2025 at 1:00 pm

Today, Wednesday, May 21 2025, the Baltic Dry Index decreased by 03 points, reaching 1337 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 May 2025 at 10:00 am

Coal imports from China’s largest supplier Indonesia tumbled 20% to 14.286 million tons in April, customs data showed on Tuesday, as Chinese buyers rejected a push by Jakarta to use its government-set benchmark in international sales, in a bid to increase royalties. Indonesia began using the new government-set price, known as HBA and previously used …

by hellenicshippingnews… on 20 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, inched lower on Tuesday due to weaker demand for capesize vessels. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, lost 7 points, or 0.5%, to 1,340. The capesize index was down 25 …

by hellenicshippingnews… on 20 May 2025 at 9:00 pm

In a period of especially great uncertainty, it is perhaps not surprising that bulk carrier owners are avoiding some hard decisions. In recent months bulk carrier newbuilding orders disappeared while sales for demolition remained minimal. Despite a rapidly ageing fleet, clear incentives for renewal are often still absent. How is this trend likely to evolve? …