Dry Bulk and Oil Segments

The Baltic exchange’s main sea freight index recorded its first monthly decline in four on Wednesday, on weakness in shipping rates across all segments, with lower coal demand dragging the capesize segment down in particular. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 146 points, or 13.0%, to ...

We predict that global dry bulk demand will grow between 1.5% and 2.5% in 2023, and between 1% and 2% in 2024. Average haul is estimated to increase slightly, contributing between 0% and 1% tonne miles in 2023. Sailing distances for coal increased due to sanctions on Russian coal, which came into effect in August ...

The Baltic Exchange’s main sea freight index of shipping rates for dry bulk commodities fell for the 13th straight session on Tuesday, hitting a near three-month low as rates fell across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 49 points, or 4.2%, to 1,129 ...

Asia’s imports of seaborne thermal coal surged to the highest on record in May as cheaper prices tempted buyers in the region’s developing economies. A total of 78.38 million tonnes of the fuel used primarily to generate electricity is likely to be offloaded across Asia in May, according to data compiled by commodity analysts Kpler. ...

Dalian iron ore futures gave up early gains on Tuesday to close daytime trade slightly lower, dragged down by falling prices of other steelmaking ingredients and steel products. Coking coal lost 2.36% and coke dropped 2.32%, undermined by weak market fundamentals. Rebar on the Shanghai Futures Exchange declined by 0.83% to 3,460 yuan a tonne, ...