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Roundup of last weeks Capesize, Panamax, Supramax, Ultramax and Handysize markets from The Baltic Exchange.
A consistent drop in shipments of thermal coal and raw fertilizers dragged cargo growth of major ports between April and October.
Coal market participants in Jiangsu, China, have received notice from Jiangsu port agents of an impending halt to imports of coking and thermal coal, sources said Wednesday.
The Bloomberg Commodity Index Total Return was higher for the month, with 19 of 23 constituents posting gains.
Adani Mining’s Carmichael coal project has signed another multi-million dollar contract that will deliver jobs and opportunities to Rockhampton and regional Queensland (Australia).
The sanctions imposed by the United States on subsidiaries of Chinese state-owned group COSCO have not affected the world’s biggest dry bulk shipper BHP , the mining company said, after carrying out due diligence to check.
India’s coal imports increased by 9.3 per cent to 126.91 million tonnes (MT) in the first six months of the ongoing fiscal, industry data showed.
State stevedoring company “Sea Commercial Port “Yuzhny” handles 1 million and 343 thousand tonnes of cargo in October 2019, it is 34% more than planned and 19,8% (+221,6 thousand tonnes) more than last year.
Chinese steelmaker profits plunged in the third quarter, hit by soaring costs of iron ore due to falling global supplies of the main ingredient used in steelmaking.
Rio Tinto is well positioned to continue generating strong returns, building on a track record of $32 billion returned to shareholders since 2016...
The Lydia Oldendorff (207,562 tdw built 2015) has set a record as the largest vessel to load coal at Puerto Bolivar, Colombia.
Company clocks 27.29 MT throughput in H1FY20, with an overall growth of 20.07%
Life is set to get even more difficult for major coal exporters with Russia planning to increase shipments of the fuel and the cost advantages appearing increasingly stacked in its favour.
China, the world’s top coal buyer, is on track to boost imports of the fuel by more than 10% this year, traders and analysts said on Tuesday, countering earlier expectations that shipments would be capped by Beijing at the same level as 2018.
Economic growth around the world has slowed to a crawl but (so far) there are few signs of the second-round effects on jobs, income and spending that would turn a significant slowdown into an outright recession.
Global thermal coal markets have largely “bottomed out” following a steep drop in the first half of 2019, although supply contraction will likely need to continue over the rest of the year and into 2020 to achieve global rebalancing...