Capesize Both the BCI and time charter average climbed to the highest point of the year this week. Despite there being a few instances of breaching 5000 points in the last decade, the same level in the high 5000s on BCI was last seen only in early Dece…
Dry Bulk Market: Capesizes Reach New Highs Read More »
Japan is among the major markets when it comes to the global seaborne trade. However, 2020 proved to be a rather dismal year for coal. So far though, 2021, is proving to be much better, with volumes increasing every month that goes by. In a recent week…
Seaborne Coal Trade Looking for Recovery After Dismal 2020 Read More »
Examining the last ten years of China’s crude steel output and iron ore imports shows that China’s iron ore imports have stayed resilient during each year where China’s crude steel output growth came under notable pressure. Last decade began with China…
Dry Bulk Market: Global Iron Ore Production Dictates China’s Iron Ore Import Volume Read More »
Chinese iron ore imports fell to 88.5 million tonnes in July, the lowest level since May 2020. The fall in July means that accumulated imports are lower than in the first seven months of 2020. Imports this year have totalled 649.0 million, a 1.5% decli…
The global seaborne coal trade is slowly showing signs of a recovery after a difficult 2020 and to a lesser extent first half of 2021. In a recent weekly note, shipbroker Banchero Costa said that “2020 proved to be a truly terrible year for global seab…
Global Seaborne Coal Trade Showing Early Signs of Recovery Read More »