Iron ore imports from the EU have been on the decline, with 2023 proving to be no exception. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been so far a positive year for global iron ore trade. In Jan-Oct 2023, global loadi…
EU’s Iron Ore Imports Down Again This Year Read More »
The panamax market has been on a rally over the past few days. In its latest weekly report, shipbroker Xclusiv said that “on Friday 17th November 2023, BPI hit 1,874 points and the weighted average of the 5 T/C routes reached USD 16,868. The Panamax in…
Panamaxes Ride Wave to 11-month High Read More »
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electricity produced using renewable energy rose. Also slowed economic activity and high energy prices affected e…
Coal shipments to advanced economies down 17% so far in 2023 Read More »
During the fourth week of November, larger ship categories maintained their stability from preceding days. Notably, the Panamax vessel size exhibited noteworthy gains. Meanwhile, the uncertainty surrounding a stronger momentum for the Capesize segment …
The dry bulk market has benefited from a resurgence in seaborne coal demand lately, with Indonesia in particular, emerging as a major exporter. In its latest weekly report, shipbroker Xclusiv said that “despite global efforts to transition several majo…
Coal’s Resurgence Going Strong, Boosting Demand for Bulkers Read More »