In a notice released on 5 May 2022, India’s Ministry of Power instructed all power plants to increase their imports of coal. Specifically, the Ministry demands that power plants designed to run on domestic coal start importing at least 10% of their req…
India’s coal import decision to reverse 10% YTD drop and add tonne miles Read More »
Capesize The Capesize market has made the most of the short working week as rates have lifted strongly, with the 5TC now residing at $24,002 – up $6262 week on week. The positive market sentiment was largely Pacific led yet that didn’t stop the A…
Dry Bulk Market: Capesizes On Higher Ground Read More »
India’s urge to increasse coal imports, could prove a boon for the dry bulk market. In its latest weekly report, shipbroker Banchero Costa said that “according to a recent Reuters article, India’s government has urged its local officials to step up coa…
Dry Bulk Market: India’s Coal Imports a New Factor Read More »
Capesize The Capesize market had a positive week overall with the BCI and 5TC route average at 2003 points and $16,609, closing at 2,136 and $17,713. The first half of the week remained positive amid strong support from the Pacific. The C5 West Austral…
Dry Bulk Market: Capesize Market on Positive Territory Read More »
Both dry and liquid bulk shipping markets will be reshaped this year on the back of supply chain friction and the war in Ukraine, while supply chain problems are expected to “drag on through” 2022. Analysts at ING expect trade growth of between 1% and …
Supply chain snarls and the war in Ukraine will change cargo flows Read More »