Mainland Chinese domestic coal output reached a new high of 385 million metric tons (MMt) in December 2021, putting downward pressure on coal imports, which fell 8% m/m in December 2021.
Order books for both dry bulk carriers and tankers remain at historic lows, close to 7% for bulk and 4% for tankers of their vessel fleets. 'Global Shipping Outlook 2023' is available at or by clicking on the link above. Contacts: Raman Singla. Director, Corporates. +44 20 3530 1728.
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.
The global coal trade is thriving, with dry bulk ships busy carrying the loads. ... a plus for dry bulk shipping. China imported million tons of coal in the first seven months of 2023, a 77% ...
China's coal imports are likely to show an impressive bounce in January after customs delays crimped December clearances, but questions remain as to the outlook for 2020 as a whole.
The beginning of 2023 was difficult for the dry cargo sector. The first three weeks of the year, according to Hellenic Shipping News, featured a % drop in iron ore shipments compared to the same period in 2022. Such volumes were the lowest since at least 2019, worsening conditions for Capesize class vessels.
This is pushing the expected growth in global oil product shipping up to doubledigit levels in 2023, while tonnage demand will increase by just 4%. Similarly, crude trade is being pushed up and to a much lesser extent this also impacts dry bulk shipping (coal, iron ore). Oil product shipping demand will see a continued rebound in 2023
In Dry Bulk Shipping, the extended lull was finally broken as freight rates race upwards from the increased coal shipments from east Kalimantan to China, sources said. "Due to strong demand for coal, the time charter market for vessels from end November to the beginning of December was highly sought after,"a ship operator said.
By Michael Juliano in Stamford The dry bulk market should perform better in 2023 as China signals the easing of a zeroCovid policy that has hampered imports of iron ore, coal and other...
Demand from China for dry bulk goods rose steadily (primarily iron ore, coal and grain). Dry bulk shipping is economically a commodity. Barriers to entry are very low and the market is highly ...
It was April 1 of 2022 when the last 2023 delivery date was handed out for a dry bulk vessel. From that point on we witnessed 2024 completion dates dominate the market. It was July of 2022 when we ...
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.
I. Dry Bulk Flows China The volume of dry bulk flows from all countries to all destinations was stable similar to last year, with the exception of January and February, while December ended with a slightly higher volume than November.
USA is the closest supplier, with their main coal terminal on the east coast, Hampton Roads, located about 3500 miles from Rotterdam. In JanuaryOctober 2022, US increased the exports of coal to EU and UK by 58pc compared to the same period in 2021, to t. So, the tonmiles on this route jumped from tonne miles (tmi) to 78bn tmi.
A serious concern for bulk demand growth in the coming year is Chinese economic growth, as 2022 ended with GDP growth of at least %, but well above economists' expectations. Economists had generally expected growth to fall to a rate between % and % in 2022. The Chinese government had maintained a much higher annual growth target of ...
Dry Bulk Shipping December 18, 2018. Disclaimer: ... China Coal Imports 271mt % China Soybean Imports 82mt % Brazil Iron Ore Exports 353mt % Australia Iron Ore Exports 696mt % Supply Dry Bulk Fleet 841dwt % Freight Rates Baltic Dry Index, Average 1,353 % Capesize Spot Rates, Average 16,540 % ...
Eagle Bulk Shipping's 63,300dwt Singapore Eagle (built 2017) calls at a coal terminal. Analysts expect high demand for coal and China's rising need for iron ore will boost dry bulk shipping.
China and India's coal imports reached million mt and million mt in Q1, up % and %, respectively from the corresponding period last year, according to CAS data. Stable freight market expected
The dry bulk spot rates continue their momentum on Monday after China announced a target gross domestic product (GDP) growth of 5% for this year. The Baltic Exchange's Capesize 5TC basket of ...
Starting in 2006, "Main bulk" includes iron ore, grain, and coal only. Data relating to bauxite/alumina and phosphate are included under "Dry cargo other than main bulk". c Other dry cargo includes minor bulk commodities, containerized trade, and residual general cargo. Year Tankera Main bulkb Other dry cargoc Total cargo 1970 1 440 448 ...
With the restrictions lifted at the end of 2018, Australian coal shipments to China soared back to almost 9 million tonnes in January, shipping data showed. (1 = Chinese yuan renminbi)
in Dry Bulk Market,Freight News 27/01/2020 Chinese coal imports jumped 7% last year to 300m tonnes as international prices for the fuel plunged to levels too attractive to resist, despite ...
The outlook for dry bulk volumes transiting the Panama Canal remains unclear. For the Neopanamax locks, the driver will be Colombian coal production. Analyst Fitch Solutions recently lowered its 2019 Colombian production outlook from percent growth to 0 percent, citing weaker pricing prospects. The outlook for bulk cargoes through the ...
Keep uptodate with the dry bulk news updates and current shipping projects. ... Friday 01 December 2023 09:53. Grindrod Shipping Holdings Ltd has announced its unaudited financial results for the three months and nine months ended 30 September 2023. ... Coal shipments to advanced economies are down 17%
Dry bulk stocks plunged. While spot rates for Capesizes (bulkers with capacity of around 180,000 deadweight tons) held firm at 53,800 per day, forward freight agreement (FFA) derivatives did not. Amid what one broker called "mayhem," the Q4 FFA contract sank to 36,750 per day, with the December contract all the way down to 29,500.
China's coal imports fell in December, slipping from November's 11month high, as domestic coal miners boosted output to record levels and utilities slowed the pace of replenishing inventories.
Dry bulk shipping should improve modestly in 2021 amid robust demand from China and a postCovid19 recovery, experts say. Global trade of commodities such as iron ore, coal and grains stands to ...
for bulk shipping in 2023. This is expected to make up for the % y/y decline in transported volumes during the first two months of the year. Despite improved economic conditions, demand growth could slow down in 2024 due to lower coal shipments. Average haul should remain stable, since gains in shipping iron ore, a commodity which
The dry bulk shipping market in 2023 has been experiencing considerable fluctuations due to various global factors. As an integral part of the global supply chain, dry bulk shipping is crucial for the transportation of commodities like iron ore, coal, and grains. Market conditions are predominantly shaped by factors such as demandsupply balance, global economic activity, and geopolitical ...
For 2022, coal shipments to China reached million tonnes, down % from a year earlier, as the country boosted domestic coal production and urged utilities to sign termdeals with domestic ...
In the first nine months of the year, Chinese coal imports are down by % compared to the same period in 2020. The deficit in volumes compared to last year are however narrowing and have been doing so every month since April. In fact, imports in September of marked the highest monthly exports since December 2020 when Chinese customs ...
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. Trade flow drivers. Two big variables will affect shipping patterns in the second half.
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