The Platts Capesize T4 Index, a global tonmile weighted average index of four Capesize routes, stood at an average of 14,481/d in Q2, down from an average of 17,848/d in Q2 2022, SP Global Commodity Insights data showed. Similarly, the Platts KMAX9 Index, a global tonmile weighted average of nine Panamax routes, was at an average of ...
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China is a major importer of coal and iron ore, which would help the Asian dry bulk shipping sector grow. This is due to the enormous demand for fertilizers, animal dietary supplements, and food ...
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The Baltic Dry index, which tracks rates for the three largest classes of ships, has risen to its highest level in more than a decade, soaring over 700 per cent since April 2020. Capesize vessels ...
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China's coal shortage and the hotter weather in northeast Asia should also keep tonnemile demand solid. Freight rates for dry bulk segments are expected to be sustained for the rest of 2021, as countries increase their Covid19 vaccination rates and reopen their borders in a boost to their economies.
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Overall, it remains very bullish for the seaborne coal and dry bulk shipping markets that China's coalderived electricity generation growth has continued to fare much better than coal production growth. Coalderived electricity generation in June totaled billion kilowatt hours. This is up monthonmonth by billion kilowatt hours (7% ...
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Capesize bulker spot rates jumped on Tuesday to reach a new fourmonth high as China's demand for iron ore and coal remained robust. The Baltic Exchange's Capesize 5TC basket of spot rate ...
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In contrast, this year's high Chinese domestic production is being complemented by higher imports, a plus for dry bulk shipping. China imported million tons of coal in the first seven ...
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Russian dry bulk volumes to China rose % year on year and those to India "nearly tripled," said Nugent. "India, in particular, has shown a willingness to buy cheaper Russian commodities, namely coal, to replace expensive alternatives from other sources such as Australia."
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The higher volume of iron ore and coal dry bulk flows to China is reflected in the growth of dry bulk demand tonnedays, where the fourth quarter of the year ended with increasing momentum in the ...
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Dry Bulk Shipping Virtual Forum 2020. REGISTER NOW. October 15, 2020 9:00 11:00 Online. ... Thermal Coal: Influence of China, India on Coal Prices; Dry Bulk Freight: IMO, COVID19: What new challenges are on the horizon for the Dry Bulk Freight market for the rest of 2020 and beyond?
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The shipbroker said that "in the first 9 months of 2020, China imported mln tonnes of coal by sea (including both thermal and coking), according to vessel tracking data from Refinitiv.
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Dry Bulk Trade 2020 Iron Ore 31% Coal 27% Grain 10% Minor Bulk 32% Total Dry Bulk Trade 2020 * * Includes Chinese coastal coal trades Coal Strongly Influences But Does Not Dictate Freight Rates Iron Ore Iron Ore Iron Ore Iron Ore Coal 10% Coal 39% Coal 24% Coal 16% Grain Grain Grain Bauxite Bauxite Bauxite Bauxite Fertiliser
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Coal exports from Australia to Mainland China declined by % yoy in JanDec 2021, to just mln tonnes, from mln t in 2020", the shipbroker said. Source: Banchero Costa
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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 ...
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Beijing has set a GDP growth target of around 5% for 2023, according to a government report released March 4. The key Platts Cape T4 index, a tonmile weighted average of four key Capesize routes, averaged at 13,876/d in Q1, down 22% from the corresponding period last year.
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Dry bulk shipping stocks had a banner year in 2021 after the price of ... lowering demand for raw materials like iron ore and coal. China will also be hosting the Winter Olympics and there is a ...
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In the dry bulk shipping market, vessels below Panamax mainly are used to transport grains and other crops, which are commonly used on shorter routes. ... mainly for iron ore routes of BrazilChina and AustraliaChina, as well as various longhaul coal shipments. This type of ship is mainly used to transport coal, manganese ore, iron ore, and ...
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The year ended with critical changes in grain flows due to geopolitical tensions between Russia and Ukraine. In parallel, the Chinese real estate crisis seriously impacted Capesize vessels, while the energy crisis drove up coal flows and Panamax freight rates.
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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.
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These are very helpful cargoes due to their lengthier ton miles, and these cargoes continue to add support to the dry bulk shipping market. In the near term, China's coal imports from most exporters other than Australia are poised to continue to grow as China continues to have a shortage of both thermal and coking coal. The thermal coal ...
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After a robust bull run which started in April 2021, dry bulk freight rates across vessel segments have fallen steeply on the back of easing port congestion in China, falling Chinese steel production as well as the sharp drop in iron ore, thermal coal and other raw commodity prices.
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In the thermal coal sector, China's diminishing appetite for seaborne coal has dented shipping demand. Beijing's coal usage had declined due to lockdowns in major cities such as Shanghai in Q2 because of resurgent coronavirus cases, which reduced manufacturing and economic activity.
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However, mainland China's stable demand is expected to continue supporting dry bulk shipping moving into the next quarter. More upside risks are there over Q2Q3 2022 with limited fleet supply and ongoing pandemic related inefficiency in port operation, and stronger containergeneral bulker market's spill over impact into geared bulkers.
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South Korea has suspended coalplant load restrictions. France may restart one of its coalfired plants this winter. 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.
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The higher volume of iron ore and coal dry bulk flows to China is reflected in the growth of dry bulk demand tonnedays, where the fourth quarter of the year ended with increasing momentum in the Capesize and Panamax segments. ... Established in 2014 The Signal Group is a diversified shipping services group with offices in London and Athens ...
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Chinese steel production — which supports iron ore and coal imports — fell to 907 million tons in July, down 6% from June, according to the World Steel Association. The hope in dry bulk shipping circles is that China will unveil a major stimulus plan in the second half to offset economic hits from lockdowns and the real estate crisis.
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The coal volume jump is among a variety of positive data points in China's dry bulk imports. China imported 294m tonnes of iron ore during the first three months of this year, according to ...
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The dry bulk shipping market has seen increased strength. The end of November has been exceptional for the capesize market, consistently gaining traction. The Pacific market kicked off the week with strong momentum, with all the major players from West Australia to China actively participating.
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A material supplier from Belgium would like to produce limestone powder for his custome...
India is rich in various mineral resources and it is an important mineral processing market
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