Peak in China’s coal demand in sight as renewables jump 12% : BIMCO
LONDON : Between January and April 2024, China’s electricity generation from renewables surged 12% y/y, significantly outpacing the 6% growth in generation from fossil fuels. While steam coal shipments to China rose 29% y/y,
Baltic index edges up on gains in larger vessels
COPENHAGEN : The Baltic Exchange’s dry bulk sea freight index edged up on Wednesday, buoyed by an uptick in capesize and panamax vessel rates. The overall index, which factors in rates for capesize, panamax
Dry Bulk shipping fundamentals seen improving moving forward : BIMCO
LONDON : We expect the supply/demand balance to strengthen in 2024 and weaken in 2025. Supply is estimated to grow by 2-3% in 2024 and 1.5-2.5% in 2025, while demand is projected to grow
Baltic index scales 1-month high on firm rates for larger vessels
LONDON : The Baltic Exchange’s dry bulk sea freight index rose to a one-month high on Monday, buoyed by firm capesize and panamax vessels rates. The overall index, which factors in rates for capesize,
Dry Bulk Market – Challenging Week for Capesizes : Baltic Exchange
LONDON : The capesize market started the week on a sluggish note with the PPA conference in Perth creating a quieter atmosphere, leading to reduced trading volumes in the Pacific and a softening of
Dry Bulk Market – Capesizes on correction mode : Baltic Exchange
LONDON : The week in the capesize market concluded with a continued trend of declining rates. In the Pacific region, despite the addition of a second major player later in the week, trading remained
Dry Bulk Market: Capesize Market on the Rise : The Baltic Exchange
Capesizes Throughout the week, the cape market has displayed remarkable resilience and positivity, defying challenges such as holidays in the Far East. The Pacific market saw strong activity at the beginning of the week,
Dry Bulk Market: “Rising Tides” as Water Levels Drop in Various Hubs
NEW YORK : The dry bulk market has been on a growth “spree”, as a number of disruptions in key waterways have had an impact on tonnage availability. In its latest weekly report, shipbroker