Iron ore exports from Brazil have recovered to 7.4Mt/wk, at a seasonal record for the second time in 2024.
Argentina corn exports to drive growth of agri-freight demand in 2024
With corn harvest in Argentina underway and nearly 6% complete (+2% WoW), the full crop in 2024 is…
Baltimore Bridge Collapse & Consequences for Global Coal Trade
It took 2 consecutive power failures at the worst possible moment for container ship M/V Dali to ram and totally…
Iron ore restocking in China accelerates!
Healthy supply of iron ore and prices relaxing through 1Q’24 have encouraged Asian steel mills to accelerate the pace of restocking in the past month.
India’s Iron Ore exports slid from 5-yr high to 5-mth low!
Price sensitivity or seasonal evolution? Climaxing at 2.8Mt/wk at the start of 2024 and mirroring SGX iron ore prices then over 140$/t, iron ore exports from…
Towards tightening Capesize Supply: Fleet ageing versus Orderbook!
Despite a regain of interest during 2020/2021 on the back of post-covid stimulus plans, recent ordering activity for Capesize bulk carriers (i.e. 100 – 220kt-Dwt) has led to…
Ukrainian seaborne iron ore exports have resumed at full speed, and it is good for overaged Capesizes!
From last November onwards, Ukraine has progressively resumed seaborne exports of iron ore after a 18-month interruption due to the war.
Iron ore prices relaxing on rising supply & more aggressive sales?
Initially pricing a premium for low inventories in China and uncertain seasonal weather conditions…
Where are Chinese steel exports heading into 2024?
Looking at 2023, steel exports from China rose +35% YoY to a 7-year high at 91Mt.
In recent months, Australia overtook Russia as a coal supplier to China!
Nothing can beat a good logistics on the long run!
Visualizing the impact of transit restrictions across Panama Canal & the Red Sea on agri exports from the USG to the Far-East
The preferred shipping route for dry-bulk exports…
Have steel production margins in China bottomed?
Have steel production margins in China bottomed? Since peaking in Sep’21, margins have experienced a dead-cat bounce in 2023 before reaching a trough in Dec’23.
Iron ore exports from India have soared in recent weeks!
Recovering after the monsoon season and supported by iron ore prices trending upwards in 2H’23, India’s iron ore exports have climbed above 5-year high levels.
Sharp seasonal slow-down for Brazil iron ore exports in early Jan’24!
Despite ending 2023 at 5-year high levels and posting a new record at 10.1Mt/wk on the week connecting 2023 to 2024…
When plan B does not calculate anymore! The recent re-routing of Bulk Carriers heading to Asia via Panama to Suez, and later to Cape of Good Hope
The shift to Suez Canal from Panama, coupled with escalating Middle East violence, is rapidly reshaping bulk carrier routes to the Far-East, impacting fleet utilization in the North Atlantic.
India iron ore exports back to 5-year record at 1.2Mt/Week!
Despite steel output rising +9%/year in the last 2 years, India confirmed its return on the iron ore exports markets one year ago and ramped the exports pace to a 5-year high level in Dec’23.
Chinese Soybean ports stocks at 18-month highs as sentiment is dented by hog farming oversupply
China’s soybean imports surged, lifting port inventories to an 18-month high of 7.1Mt, still 10% below 2021 levels during widespread African Swine Fever outbreaks.
Bulk Carriers Orders vs Ageing Fleet
The comparison of the order book and the fleet gathering ships over 20-years of age, the natural candidates for recycling, shows significant disparities across various Bulk Carriers segments.
China’s abundant coal stocks to comfortably see through winter!
Fool me once, shame on you. Fool me twice…
What‘s driving iron ore prices higher against seasonality?
Diverging from recent years’ seasonality, iron ore prices delivered to China have been rallying since August.