Dry Bulk and Oil Segments

The seaborne coal market grew by almost 6% during 2022, reversing the negative trend of the previous years. As more countries chose to boost their use of conventional energy, coal was again in high demand. However, Australia’s coal exports were still down last year, mainly as a result of China’s choice of alternative markets for ...

The Baltic Exchange’s main sea freight index edged higher on Friday on stronger demand in the larger capesize vessel segment, although it marked its first weekly decline in five. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 5 points to 1,489. The index, however, was down about 3% ...

Argentina’s soybean imports are expected to more than double this season due to the devastating impacts of a historic drought on the country’s 2022/23 harvest, the country’s Rosario grains exchange said in a report on Thursday. Argentina is the world’s leading exporter of soybean oil and meal, thanks to a powerful grain processing industry that ...

Russia has no plans to halt wheat exports but wants exporters to ensure prices paid to farmers are high enough to cover average production costs, two sources familiar with the matter, told Reuters on Friday. This would mean keeping export prices for wheat at or above $275 to $280 per tonne, they added. Russian Vedomosti ...

Dalian and Singapore iron ore futures rebounded in afternoon trading on Friday as sentiment improved, helped by data showing that inventories at Chinese ports continued to fall in the past week. The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) ended daytime trading 0.29% higher at 866.5 yuan ($126.43) a tonne, ...