Dry Bulk

With Western Australian ports/mines still unscathed, no lasting impact from Cyclone Mitchell (2 weeks ago) and this week’s…

Indonesia’s coal exports have started Cal’26 on the back foot, with shipments so far at ~70Mt, down -31% YoY from 101Mt in the same Cal’25 period.

Australian weekly coal loadings rebounded to 6.9Mt as of 01-Feb, up +24% YoY and the highest for this…

In the VLOC segment, after several years without newbuilding deliveries and a stagnant fleet profile, deliveries are set to resume in 2026, signalling a return to fleet expansion.

In Dec’25, China’s blast-furnace iron output fell further by -9.9% or -2.6% MoM to 60.7Mt, marking a seventh consecutive monthly decline.

China’s steel exports surged to a record 11.3 Mt in Dec’25, lifting Cal’25 shipments to an all-time high of 119 Mt (+7% YoY), as mills and traders aggressively pushed volumes overseas at year-end.

China’s power generation continued to expand through 2025, repeatedly setting new seasonal records.

In Nov’25, China’s iron ore imports rose +8.5% YoY to 110.5Mt, marking a third straight month at seasonal record levels and…

India’s weekly iron ore loadings jumped to 1.7Mt, the highest since Feb ’24, after the government deferred the 20–30% export duty on low-grade ore.

Last week, iron ore inventories at Chinese ports held at 139.6Mt, up +4.7% MoM but still -7.4% YoY, leaving room for a further 10–25Mt of restocking before returning to past highs.

China’s crude steel output slipped to 72 Mt in Oct’25, one of its weakest readings since 2021 and…

In Jan–Oct’25, global coal ton-miles fell -9% YoY to 5.4 trillion, with Capesize market share dropping to a record low of 26% (-5% YoY), while Panamax…

Following the US–China Presidential meeting on 30-Oct, the White House announced that …

Brazil’s iron ore loadings rebounded strongly since mid-Sep’25…

Iron ore is expected to regain its lead in global seaborne trade from 2026, following a short-lived surge in bauxite exports.

India’s iron ore imports are shifting gear in 2025.

China’s exports rose +8.3% YoY in Sep’25, the fastest pace in six months.

US soybean exports have entered uncharted waters — with no new sales to China recorded so far and little progress expected before 31 October 2025, when the U.S. and Chinese presidents are set to meet in South Korea.

In Aug’25, India produced 14.1 Mt of crude steel, up +15 % YoY, maintaining its position as the world’s #2 producer behind China.

Indonesia’s coal loadings rebounded +17% WoW to a record 14.4Mt/wk, despite only a marginal easing in congestion for Panamax & Supramax vessels.