Capesize Vale’s ongoing absence from the Brazil spot market continued to have a negative impact on sentiment, with rates falling in all areas. There were operators still shipping from Brazil, with the rate from Tubarao to China hovering around the mid …
Dry Bulk Market: Capesizes Still Under Pressure, While Smaller Classes Improve Read More »
In recent weeks, Australian coal cargoes have been facing increasing delays clearing customs at Chinese ports. Most recently, it was reported that Dalian Port, in North China, has banned Australian coal from being received. This Insight aims to explain…
China Discourages Australian Coal Imports Read More »
A number of bearish factors have been building up in the dry bulk market, as a result of the latest developments in the dry bulk commodities’ spectrum. Starting with iron ore, shipbroker Banchero Costa noted in its latest weekly report, that “fol…
In response to news on China’s Dalian port restricting seaborne coal imports, Wood Mackenzie’s experts provide the following commentary. Wood Mackenzie senior consultant Yu Zhai said: “We estimate China’s seaborne metallurgical …
China restricts seaborne coal imports Read More »
Capesize Gloom continued to beset the market for the big ships, with Dalian port last week imposing a ban on Australian coal imports and capping coal imports from all sources by the end of 2019 at 12 million tonnes. It was also another week with Vale a…
Dry Bulk Market: Capesizes Still Under Pressure, on Dalian’s Australian Coal Import Ban Read More »