The higher volume of iron ore and coal dry bulk flows to China is reflected in the growth of dry bulk demand tonnedays, where the fourth quarter of the year ended with increasing momentum in the Capesize and Panamax segments. ... Established in 2014 The Signal Group is a diversified shipping services group with offices in London and Athens ...
Despite the predominantly negative shortterm outlook held by many market participants, coal trade flows may remain healthy and support dry bulk rates to a certain extent, amid Europe's energy supply crisis caused by the RussiaUkraine conflict. "Coal demand will remain strong for at least another year," commented a third shipoperator.
China's coal shortage and the hotter weather in northeast Asia should also keep tonnemile demand solid. Freight rates for dry bulk segments are expected to be sustained for the rest of 2021, as countries increase their Covid19 vaccination rates and reopen their borders in a boost to their economies.
The Baltic Exchange's dry bulk sea freight index B BDI, tracking rates for ships carrying dry bulk commodities plunged on Tuesday, snapping an eightsessionlong winning streak, dragged down by lower rates for capesize and panamax vessel segments. * The overall index B BDI, which factors in rates for capesize, panamax and supramax shipping vessels, was down 203 points, or %, at 3,143.
The high level of deliveries for handy bulkers in 2021 is not a concern as it represents just % in gross fleet growth. Now consider that there was a total of 39 handy bulkers retired in 2020 ...
Beijing has set a GDP growth target of around 5% for 2023, according to a government report released March 4. The key Platts Cape T4 index, a tonmile weighted average of four key Capesize routes, averaged at 13,876/d in Q1, down 22% from the corresponding period last year.
NEW YORK, Jan. 17, 2022 /PRNewswire/ 57% of the growth will originate from APAC for the dry bulk shipping market. China and India are the key markets for the dry bulk shipping market in the ...
Dry Bulk Shipping Market. The dry bulk shipping market is a significant segment of the maritime industry that specializes in the transportation of unpackaged bulk commodities such as grains, coal, iron ore, and other similar goods. Let's delve into an overview and some key aspects of the dry bulk shipping market:
South Korea has suspended coalplant load restrictions. France may restart one of its coalfired plants this winter. Japan will start up one in August. China is building multiple new coalfired power plants. Among those that stand to benefit: mining companies exporting coal and international owners of dry bulk carriers.
Coal flows from the US to China have been very modest in recent years. They peaked at over 1 mln tonnes in February 2017, and since then have been on a declining trend, averaging less than mln ...
The coal volume jump is among a variety of positive data points in China's dry bulk imports. China imported 294m tonnes of iron ore during the first three months of this year, according to ...
Capesize bulker spot rates jumped on Tuesday to reach a new fourmonth high as China's demand for iron ore and coal remained robust. The Baltic Exchange's Capesize 5TC basket of spot rate ...
The source said scheduled maintenance on Daqin railway in October a major transportation network moving coal within China may potentially result in Chinese buyers turning to seaborne coal, which may spur dry bulk shipping rates in Q4.
Regional Outlook. According to the latest dry bulk shipping market forecast, Asia Pacific is anticipated to account for largest share from 2023 to 2031, followed by Europe. Growth in trade activities in China and India is driving the dry bulk shipping market share of the region. China has strengthened its position as the dominant player in bulk ...
The year ended with critical changes in grain flows due to geopolitical tensions between Russia and Ukraine. In parallel, the Chinese real estate crisis seriously impacted Capesize vessels, while the energy crisis drove up coal flows and Panamax freight rates.
China is the world's largest importer of iron ore and coal, which are among the most commonly transported commodities in the dry bulk shipping market. Europe and North America also account for a significant portion of the market share, driven by demand for raw materials in industries like steel production, power generation, and construction.
China is driving the rise in global dry bulk congestion, comprising more than a third of the total, said Ristic. Bulker congestion in China hit million DWT in midAugust, representing 6% of global capacity, up 28% from midJuly and 23% year on year. Bulker congestion was also high outside of China, but in line with seasonal norms.
With China's property sector (which accounts for up to 40% of local steel demand) still tumbling and global GDP growth looking to face further setbacks in the year, the steel industry will ...
Source: Global Times. China's gross ocean product in the first three quarters of 2023 grew by percent yearonyear, reaching trillion yuan (1 trillion), showcasing a steady recovery, data from China's Ministry of Natural Resources (MNR) showed on Monday according to preliminary calculations. FULL STORY.
In contrast, this year's high Chinese domestic production is being complemented by higher imports, a plus for dry bulk shipping. China imported million tons of coal in the first seven ...
These are very helpful cargoes due to their lengthier ton miles, and these cargoes continue to add support to the dry bulk shipping market. In the near term, China's coal imports from most exporters other than Australia are poised to continue to grow as China continues to have a shortage of both thermal and coking coal. The thermal coal ...
C hina's seaborne coal imports have grown by % during the first five months of 2023, marking a significant shift in cargo flows and demand for dry bulk carriers. In its latest weekly report ...
In the thermal coal sector, China's diminishing appetite for seaborne coal has dented shipping demand. Beijing's coal usage had declined due to lockdowns in major cities such as Shanghai in Q2 because of resurgent coronavirus cases, which reduced manufacturing and economic activity.
En Route to China. Moreover, China's increasing freight demand is adding cost. In our last freight update, we highlighted China as one of the primary ocean freight rate drivers as the world's leading importer of dry bulk commodities, specifically coal and iron 2022, China's GDP growth slowed to % compared to % in 2021; as a result, manufacturing activity and demand for iron ...
After declining by % in 2022, dry bulk demand is expected to increase by % in 2023 with recovery in iron ore and coal shipments, settling at % in 2024. With limited orderbook, annual dry bulk fleet growth will slow to % in 2023 and % in 2024, compared with % in 2022 and % in 2021. Container fleet continues to grow at about ...
China's failure to overcome its economic headwinds will cost one percentage point of demand growth for dry bulk shipping, according to BIMCO's estimates ... Panamaxes could be most exposed to rate volatility next year as coal demand slows. 30 Nov 2023; News;
Navios Maritime Partners + +%. In this piece, we will take a look at the 15 biggest dry bulk shipping companies in 2022. For more companies, head on over to 5 Biggest Dry Bulk ...
Russian dry bulk volumes to China rose % year on year and those to India "nearly tripled," said Nugent. "India, in particular, has shown a willingness to buy cheaper Russian commodities, namely coal, to replace expensive alternatives from other sources such as Australia."
Coal exports from Australia to Mainland China declined by % yoy in JanDec 2021, to just mln tonnes, from mln t in 2020", the shipbroker said. Source: Banchero Costa
Chart 4: annual dry bulk fleet growth will slow to % in 2022 and % in 2023. With limited newbuilding contract and orderbook, dry bulk fleet growth will slow to % in 2021, % in 2022, compared with % in 2020. With favorable freight rates, some shipowners triggered the options of existing contracts with much lower contract prices.
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