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…
From last November onwards, Ukraine has progressively resumed seaborne exports of iron ore after a 18-month interruption due to the war.
Initially pricing a premium for low inventories in China and uncertain seasonal weather conditions…
Looking at 2023, steel exports from China rose +35% YoY to a 7-year high at 91Mt.
Nothing can beat a good logistics on the long run!
The preferred shipping route for dry-bulk exports…
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.
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.
Despite ending 2023 at 5-year high levels and posting a new record at 10.1Mt/wk on the week connecting 2023 to 2024…
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.
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.
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.
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.
Fool me once, shame on you. Fool me twice…
Diverging from recent years’ seasonality, iron ore prices delivered to China have been rallying since August.
Reading latest USDA forecast, competition for soybean market-share is to remain in favour of Brazil in coming marketing year 23’/’24!
Whilst China exports expressed in US dollar terms fell -6.4% YoY and came lower than market expectations, the situation appears more nuanced when considering exports expressed in quantities.
So far in 2023, Panamax was the bulk carrier segment attracting the most orders with 184 units placed.
Combined agri exports out of US has made an astounding recovery in recent weeks, improving +80% MoM to reach levels closer to 2022 albeit -14% YoY lower.
Despite hydropower generation in China standing at 5-year seasonal record for 2 months and rising +41% YoY or +40TWh YoY in Sep’23, thermal power generation, primarily from coal, has remained at seasonal record level too and grew +3% YoY during the period.
