for bulk shipping in 2023. This is expected to make up for the % y/y decline in transported volumes during the first two months of the year. Despite improved economic conditions, demand growth could slow down in 2024 due to lower coal shipments. Average haul should remain stable, since gains in shipping iron ore, a commodity which
It was April 1 of 2022 when the last 2023 delivery date was handed out for a dry bulk vessel. From that point on we witnessed 2024 completion dates dominate the market. It was July of 2022 when we ...
Rates for Capesizes — larger dry bulk vessels with capacity of around 180,000 deadweight tons (DWT) that carry iron ore, coal and bauxite — averaged 54,600 per day on Monday, according to Clarksons Securities, more than triple rates on Nov. 1 of 15,800 per day. "This is a week that [shipowners] dream of," said ship brokerage Braemar on Thursday.
China's coal imports slipped in December from a month earlier as industrial activity slowed following a surge in COVID19 cases after Beijing's sudden removal of stringent pandemic controls.
China's coal imports are likely to show an impressive bounce in January after customs delays crimped December clearances, but questions remain as to the outlook for 2020 as a whole.
Dry Bulk, Tuesday, 05 December 2023 11:17. Advertisement. Wheat prices continued to find support to kick off the first week of December, as funds continued to cover the large shortages as the year draws to a close. Funds have been directed so as to avoid being too strongly positioned either way into the holidays.
Demand from China for dry bulk goods rose steadily (primarily iron ore, coal and grain). Dry bulk shipping is economically a commodity. Barriers to entry are very low and the market is highly ...
Indonesia is by far the top supplier of coal to China, accounting for 59% of China's imports so far in 2021. Arrivals from Indonesia increased by +% yoy to mln t in the first 5 months ...
By Michael Juliano in Stamford The dry bulk market should perform better in 2023 as China signals the easing of a zeroCovid policy that has hampered imports of iron ore, coal and other...
With the restrictions lifted at the end of 2018, Australian coal shipments to China soared back to almost 9 million tonnes in January, shipping data showed. (1 = Chinese yuan renminbi)
Source: Global Times. China's gross ocean product in the first three quarters of 2023 grew by percent yearonyear, reaching trillion yuan (1 trillion), showcasing a steady recovery, data from China's Ministry of Natural Resources (MNR) showed on Monday according to preliminary calculations. FULL STORY.
Order books for both dry bulk carriers and tankers remain at historic lows, close to 7% for bulk and 4% for tankers of their vessel fleets. 'Global Shipping Outlook 2023' is available at or by clicking on the link above. Contacts: Raman Singla. Director, Corporates. +44 20 3530 1728.
Given the significance of the import trade in coal and iron ore for China's dry bulk shipping, we used these two essential dry bulk commodities as examples in the section below to assess the potential economic effects of the carbon tax. ... the carbon tax may result in a 1030% increase in freight rates and a 14% increase in import costs ...
Many sources said that persistent inefficiencies along with adverse weather would result in tighter tonnage supply and keep dry bulk rates supported. Coal may power Q4 freight rates. China's restocking of coal ahead of the winter season was anticipated and that might propel shipping rates in Q4, according to market participants.
Mainland Chinese domestic coal output reached a new high of 385 million metric tons (MMt) in December 2021, putting downward pressure on coal imports, which fell 8% m/m in December 2021.
Rates for Capesizes — larger dry bulk vessels with capacity of around 180,000 deadweight tons (DWT) that carry iron ore, coal and bauxite — averaged 54,600 per day on Monday, according to...
The dry bulk spot rates continue their momentum on Monday after China announced a target gross domestic product (GDP) growth of 5% for this year. The Baltic Exchange's Capesize 5TC basket of ...
Dry bulk stocks plunged. While spot rates for Capesizes (bulkers with capacity of around 180,000 deadweight tons) held firm at 53,800 per day, forward freight agreement (FFA) derivatives did not. Amid what one broker called "mayhem," the Q4 FFA contract sank to 36,750 per day, with the December contract all the way down to 29,500.
It is widely accepted that the highly volatile Panamax market has many peculiarities; for example, Panamax vessels transport the major and the minor dry bulk cargoes worldwide. In contrast, the variety of cargoes and the flexibility in various trade routes, which the Panamax vessels follow, create a broad market with a relatively open structure. The importance of the Panamax market has also ...
The global coal trade is thriving, with dry bulk ships busy carrying the loads. ... a plus for dry bulk shipping. China imported million tons of coal in the first seven months of 2023, a 77% ...
A serious concern for bulk demand growth in the coming year is Chinese economic growth, as 2022 ended with GDP growth of at least %, but well above economists' expectations. Economists had generally expected growth to fall to a rate between % and % in 2022. The Chinese government had maintained a much higher annual growth target of ...
The global dry bulk shipping market is anticipated to grow at a CAGR of % during the period spanning . ... Thermal coal, Coking Coal, Grain and Minor bulk. On the basis of capacity by ...
China's 2019 coal imports were up % compared with 2018 levels, while December's imports tumbled nearly 73% to million tonnes. Customer Logins Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise.
But for the full year of 2022, China's coal imports from Russia surged 20% from a year earlier to million tonnes, as western nations shunned trade with Moscow after the Ukraine crisis ...
Trade flow drivers. Two big variables will affect shipping patterns in the second half. First, the UkraineRussia war: how it impacts supply and pricing of liquefied natural gas, which competes with thermal coal for power production, and how the EU ban on Russian coal starting Aug. 10 changes trade flows. Second, what happens with China and India, the two largest buyers.
Japan will start up one in August. China is building multiple new coalfired power plants. Among those that stand to benefit: mining companies exporting coal and international owners of dry bulk carriers. Trade flow drivers. Two big variables will affect shipping patterns in the second half.
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