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China drives 6% drop in global coal shipmentsby hellenicshippingnews… on 9 July 2025 at 9:00 pm
“During the first half of 2025, global coal shipments fell 6% y/y amid weak import demand in large markets. Cargo loadings headed to China and advanced economies slowed considerably, partly due to stronger electricity generation from renewables and to weaker steel production,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. In recent years, China has …
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Baltic Index Slips On Lower Capesize Vessel Ratesby hellenicshippingnews… on 9 July 2025 at 9:00 pm
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, slipped on Wednesday, pressured by lower rates for capesize vessels. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, dropped 8 points, or 0.6%, to 1,423 points. The contract hit its lowest level since June …
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Iron ore extends gain on falling shipments, but mixed China data caps gainby hellenicshippingnews… on 9 July 2025 at 9:00 pm
Iron ore futures prices rose for a second straight session on Wednesday, aided by falling shipments and resilient demand, although mixed factory data in top consumer China curbed the gains. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade 0.68% higher at 736.5 yuan ($102.59) a metric ton. The …
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Greek ship sinks in Red Sea after attacks, Houthis claim to ‘rescue’ seafarerson 9 July 2025 at 11:32 am
The Greek dry bulk carrier Eternity C has sunk in the Red Sea after being attacked by Houthi fighters, likely the second total loss of a ship in recent days, and the Yemen-based rebel group claimed to have “rescued” some seafarers. On July 7, the UK Maritime Trade Operations reported the 36,830-dwt Eternity C sustained significant damage and lost power…
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WORLD HYDROGEN ASIA INTERVIEW: HDF targets Asia power sector as renewable hydrogen gatewayon 9 July 2025 at 5:29 am
HDF Energy is positioning Asia-Pacific’s island and remote grids as the commercial gateway for renewable hydrogen, with 38 projects worth $3.8 billion coming up across Indonesia and the Philippines, Mathieu Geze, director Asia at HDF Energy, told Platts, part of S&P Global Commodity Insights. The French technology firm is establishing hydrogen-to-power projects in Asia-Pacific with an eye on commercial operations…
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Asian refiners cheer OPEC+ hike but non-Middle East crude diversification in focuson 9 July 2025 at 3:48 am
Asian refiners welcomed the OPEC+ decision to sharply raise August crude output, but regional crude buyers are looking to avoid over-reliance on Middle Eastern supplies as they focus on diversification to maximize refining margins and minimize logistical risks. The Asian refining industry fully supports the OPEC+ alliance’s decision to increase production, as major Middle Eastern producers play a crucial role…
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Baltic Dry Index Falls To One-Month Low As Capesize Rates Weakenby hellenicshippingnews… on 8 July 2025 at 9:00 pm
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, fell to a one-month low on Tuesday, weighed down by a decline in capesize vessel rates. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, dropped 5 points, or 0.4%, to 1,431 points. The …
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Iron ore rebounds despite Trump’s tariff threat triggering cautionby hellenicshippingnews… on 8 July 2025 at 9:00 pm
Iron ore futures prices rebounded on Tuesday, supported by resilient near-term demand in top consumer China, although caution triggered by U.S. President Donald Trump’s threat of higher tariffs capped gains. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.14% higher at 733 yuan ($102.21) a metric ton, after …
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Houthi attacks boost insurance rates, ship traffic not yet affectedon 8 July 2025 at 7:26 pm
Marine insurance premiums for Red Sea transits have increased significantly after renewed Houthi attacks resulted in casualties, even as ship traffic via the Bab al-Mandab Strait is not yet affected, according to industry data and participants. On July 6-7, the Yemen-based rebel group shot missiles, drones and grenades at two Greek bulk carriers in the southern Red Sea, of which…
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Baltic Dry Index falls to 1431 down 5 pointsby hellenicshippingnews… on 8 July 2025 at 1:08 pm
Today, Tuesday, July 8 2025, the Baltic Dry Index decreased by 5 points, reaching 1431 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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Bunge charters first Argentine soy meal cargo to China, shipping data showby hellenicshippingnews… on 8 July 2025 at 9:00 am
Grains merchant Bunge has chartered 30,000 metric tons of Argentine soybean meal cargo destined for China, data seen by Reuters on Monday showed, which would mark the first such soymeal cargo since Beijing approved Argentine imports in 2019. According to data from local maritime agency NABSA, Bunge will ship the soybean meal from the Terminal …
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Dry Bulk Market: China’s Coal Imports Could Keep Decliningby hellenicshippingnews… on 7 July 2025 at 9:00 pm
China’s coal import policy is shifting and this could impact the dry bulk market. In its latest weekly report, shipbroker Intermodal said that “after setting an all-time high for coal imports in 2024, China appears to be entering a new phase of recalibration. Preliminary data for 2025 points to a significant deceleration in seaborne coal …
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Philippine nickel ore ban reversed, what are the impacts?by hellenicshippingnews… on 7 July 2025 at 9:00 pm
The Philippine government sought to introduce a ban on nickel ore exports from 2030 to enhance domestic processing capabilities and advance up the value chain. This decision was rescinded in mid-June, and this insight will look into the effects this will have on freight in the region. Why did the Philippines propose a nickel ore …
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Baltic Index Steady As Gains In Smaller Vessels Offset Weaker Capsizeby hellenicshippingnews… on 7 July 2025 at 9:00 pm
The Baltic Exchange’s dry bulk sea freight index was unchanged on Monday as gains in the panamax and supramax segments countered a decline in capesize rates. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, held steady at 1,436 points. The capesize index fell 30 points, or about 1.6%, to 1,825. …
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BRICS leaders call for energy market stability to ensure energy securityon 7 July 2025 at 12:50 am
BRICS leaders called for energy market stability and criticized tariffs, sanctions and carbon border adjustment mechanisms in a joint statement released July 6. “We highlight the need to enhance energy security by ensuring energy market stability and maintaining undisrupted flows of energy from diverse sources,” BRICS leaders said in a statement released after a summit in Rio de Janeiro. BRICS…
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Dry Bulk Market: Capesize Segment Stabilized Last Weekby hellenicshippingnews… on 6 July 2025 at 9:00 pm
Capesize The Capesize market showed signs of stabilisation this week following a period of softness, with improvements in the Pacific basin and a more balanced Atlantic. In the Pacific, C5 rates gradually firmed, rising from $6.90 early in the week to $7.44 by week’s end. All three major miners were active and fixing volumes increased, …
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Crew abandons ship attacked in southern Red Seaon 6 July 2025 at 3:39 pm
The crew of an unidentified ship that was attacked off the coast of Yemen on July 6 was rescued by a passing merchant vessel, the UK Maritime Trade Operations said on X. The crew abandoned ship after being engaged by “multiple small vessels who have opened fire with small arms and self-propelled grenades” at 51 nautical miles southwest of Al…
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Baltic Index Loses Ground For Third Straight Week On Lower Capesize Demandby hellenicshippingnews… on 4 July 2025 at 9:00 pm
The Baltic Exchange’s main sea freight index, which monitors rates for vessels transporting dry bulk commodities, edged up on Friday but registered its third consecutive weekly loss, pressured by weak capesize rates. The main index was up 2 points, or 0.1%, at 1,436, snapping a seven-day losing streak. However, the index was down 5.6% on …
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Iron ore logs second weekly gain as China signals crackdown on price warsby hellenicshippingnews… on 4 July 2025 at 9:00 pm
Prices of iron ore futures extended gains on Friday, notching a second consecutive weekly rise, driven by improved market sentiment after officials in top consumer China called to curb aggressive price competition. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.62% higher at 732.5 yuan ($102.25) a metric …
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Baltic Dry Index climbs to 1436 up 2 pointsby hellenicshippingnews… on 4 July 2025 at 12:51 pm
Today, Thursday, July 4 2025, the Baltic Dry Index climbed by 2 points, reaching 1436 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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Russian crude exports hit four-month low amid weaker Chinese demandon 4 July 2025 at 11:22 am
Russia’s seaborne crude exports fell to their lowest in four months in June, according to cargo-tracking data, as Chinese buyers cut back their purchases amid refinery maintenance, less favorable pricing and a forecast rise in pipeline imports. Russia-origin crude liftings from Russian ports reached 3.43 million b/d, down from a seven-month high of 3.67 million b/d in May but close…
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Dry Bulk Market: Coal Flows to be Reshapedby hellenicshippingnews… on 3 July 2025 at 9:00 pm
Seaborne trade flows are expected to be reshaped, due to China’s and India’s shift towards higher-grade coal imports. In its latest weekly report, shipbroker Xclusiv said that “China’s domestic steel demand continues to experience a marked downturn, deepening concerns over the near-term outlook for the world’s largest steel market. Data from May 2025 indicate a …
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Baltic Index Slips For Seventh Straight Day On Weaker Capesize Ratesby hellenicshippingnews… on 3 July 2025 at 9:00 pm
The Baltic Exchange’s main sea freight index, which monitors rates for vessels moving dry bulk commodities, fell for the seventh straight session on Thursday, weighed down by lower demand for capesize vessels. The main index dropped to its lowest point since June 3, shedding 9 points, or 0.6%, to 1,434 points. The capesize index slipped …
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Wet season affecting capesize demand from West Africa?by hellenicshippingnews… on 3 July 2025 at 9:00 pm
In our recent report on how bauxite exports from Guinea are driving capesize demand, we explored how surging demand for bauxite from China has led to the aluminium ore overtaking coal as the second-largest capesize-shipped product. This report provides an update and gives a short-term outlook on how the wet season on Africa’s West coast …
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Iron ore rises to over one-month high as China targets overcapacityby hellenicshippingnews… on 3 July 2025 at 9:00 pm
Iron ore futures rose to a more than one-month high on Thursday, supported by China’s renewed push to curb low-price competition and cut excess industrial capacity. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended 2.45% higher at 733 yuan ($102.33) a metric ton – a peak since May 16. The …
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US sanctions entities facilitating Iranian oil trade, resuming pressure campaignon 3 July 2025 at 4:02 pm
The US on July 3 sanctioned a range of entities for facilitating the Iranian oil trade, including an Iran-Iraq oil smuggling network, resuming US President Donald Trump’s sanctions pressure campaign in the wake of the Israel-Iran conflict. “As President Trump has made clear, Iran’s behavior has left it decimated,” Secretary of the Treasury Scott Bessent said in a July 3…
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Baltic Dry Index falls to 1434 down 9 pointsby hellenicshippingnews… on 3 July 2025 at 12:30 pm
Today, Thursday, July 3 2025, the Baltic Dry Index decreased by 9 points, reaching 1434 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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Ship Recycling Market Entering a New Eraby hellenicshippingnews… on 2 July 2025 at 9:00 pm
With the Hong Kong Convention entering into force, the global ship recycling industry is officially entering a new era. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “June 26, 2025, marks a key regulatory moment in the ship recycling landscape, with the Hong Kong Convention (HKC) officially …