Australian coal exports to China soared during 2024, helping sustain solid freight demand. In a recent report, shipbroker Banchero Costa said that “in Jan-Dec 2024, global seaborne coal loadings increased by +2.4% yo-y to 1,371.8 mln t (excluding cabot…
Dry Bulk Shipping: Australia’s Coal Exports to China Soared by 51.4% in 2024 Read More »
The dry bulk market has been dubbed as quite “lackluster” with China’s economy still looking for a boost. In its latest weekly report, shipbroker Xclusiv said that “as we are just fifteen days away from the Chinese New Year seven-day public holiday (28…
Dry Bulk Market Lackluster as Chinese New Year Closes In Read More »
Capesize The Capesize market experienced a turbulent week, beginning with notable softness but regaining momentum by Thursday and closing on a positive trajectory. The 5TC average started at $10,696 per day, dropped to $9,123 per day midweek, and rebou…
Dry Bulk Shipping: Capesize Market Begins 2025 in Turbulence Read More »
With the Chinese economy reeling under pressure, shipping is waiting for the government’s latest policies to take full effect and have a positive impact on demand. In its latest weekly report, shipbroker Xclusiv said that “as the world ushers in a new …
Shipping In 2025: The Chinese Effect in Full Force Read More »
This week’s highlight delves into the evolving dynamics of Capesize ballasters in the South Atlantic and the evolution of iron ore shipments to China from Australia, Brazil, Guinea and South Africa. The start of the year confirms a challenging freight …