A new record has been set by China in terms of coal imports during the Jan. – Oct. period of 2024. In its latest weekly report, shipbroker Banchero Costa said that “global coal trade has really picked up pace over the past year, and is now fully back t…
Dry Bulk Shipping: China’s Coal Imports Hit Record During 2024 Read More »
“The Baltic Dry Index (BDI) has recovered since the start of November due to stronger capesize freight rates, but the index is still down 10% y/y. The capesize market has benefited from a 1% increase in shipments so far in November compared to October …
BDI still down 10% despite recovery in capesize demand Read More »
Capesize The Capesize market showed a strong overall performance this week, with the Baltic 5TC gaining momentum and rising significantly from Monday’s $20,872 to end the week at $26,777. Early week enthusiasm in the Pacific came from high activi…
Dry Bulk Market: Capesizes Show Strong Positive Momentum Read More »
“During the first 10 months of 2024, coal shipments to advanced economies fell 6% y/y. Import demand weakened, particularly in Europe, where it fell 22% y/y as countries continued to decarbonise their electricity generation. At this rate, shipments to …
Coal shipments to advanced economies heading for a 15-year low Read More »
Capesize The Capesize market experienced steady improvement this week, supported by robust demand and active trading in both the Atlantic and Pacific basins. Starting the week on a stable note, the BCI 5TC index rose gradually from $15,332 on Monday to…
Dry Bulk Market: Capesizes See Steady Improvement Read More »