In the early hours of 22 April 2021, Vale – the Brazilian mining giant, was ordered to temporary suspend shipping activities at the country’s Guaiba Island terminal, a dedicated iron ore export terminal. Later that day, the hurdle was cleared, an…
Demand from China is expected to propel the dry bulk market forward this year, as the country’s economy rebounds from the pandemic. In its latest weekly report, shipbroker Allied Shipbroking said that “the latest news from China’s National Bureau of St…
Dry Bulk Market: Latest Data Suggests China Will Keep Feeding Demand Growth Read More »
Strong Chinese steel output has been a fact: China produced 94.02 million tonnes of crude steel in March (up 19% from a year earlier) and, therefore, demand for the raw steelmaking ingredient of iron ore has also been supported. The infrastructure-inte…
Capesize The Capesize market this week reached rate levels equivalent of last year’s highs. The 5TC rose $6,242 to settle at the end of the week at $34,762. The Transatlantic C8 roared to life throughout the week and is now the premium paying basin up …
Dry Bulk Market: Capesizes Reach Last Year Highs Read More »
China’s demand helped sustain dry bulk seaborne trade during the year of the pandemic that was 2020. As a result, an economic rebound with the added emphasis on infrastructure is expected to further improve demand for Australia’s iron ore moving forwar…