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Monday, 08 September 14
CHINESE IRON ORE IMPORT DEMAND VERY STRONG - COMMODORE

COALspot.com: 30 dry bulk vessels were chartered in the spot iron ore market last week to haul iron ore import cargoes to Chinese buyers.

According to Commodore Research & Consultancy of U.S. 30 dry bulk vessels are a very large amount.

" As we have highlighted in the past, there were only four weeks in 2013 where 30 or more vessels were chartered and only two weeks in 2012", according to Commodore Research & Consultancy. 

In its latest weekly report, Consultant Commodore Research said, so far this year, though, there have been seven weeks were 30 or more vessels have been chartered to haul iron ore import cargoes to Chinese buyers.

Going forward, Brazilian and Australian iron ore production (and shipments) are set to rise even further through the end of this year, and there will be several additional weeks where a very large amount of dry bulk vessels are chartered to haul iron ore import cargoes to Chinese buyers, Commodore Research concluded.



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Recent News

Thursday, 21 August 14
PREDICTIONS FROM VARIOUS SHIPPERS AND MINING INDUSTRY FOR 2ND HALF YEAR AND ESPECIALLY Q4 IS POSITIVE
Handy The activity has increased in both hemispheres this week and we see rates edging up on all trades. TA´s are now paying around 8k whic ...


Thursday, 21 August 14
SHIP OWNERS KEEP SHYING AWAY FOR NEW SHIP INVESTMENTS, OVERALL TREND IS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners have remained in the sidelines of the Sale & Purchasing market for second hand vessels, during most of August, while they also slow ...


Wednesday, 20 August 14
DRY BULK MARKET TO REBOUND IN THE FOURTH QUARTER, OR NOT....- NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The projected rebound of the dry bulk market is still an elusive trend and shipbrokers and analysts are looking to identify the timing of the loomi ...


Monday, 18 August 14
CAPESIZE RATES TO RISE TO MUCH HIGHER LEVELS THIS YEAR - JEFFREY LANDSBERG
COALspot.com: Capesize rates ended last week at $15,561/day, which marked a week-on-week increase of $6,167 (66%).  Capesize rates have been a ...


Monday, 18 August 14
SUB-BIT FOB INDONESIA COAL SWAP CLOSED AT $58.60 FOR SEPTEMBER 2015; UP $4 FROM SEPTEMBER 2014 CLOSING
COALspot.com: Indonesian coal swaps for average September 2014 decreased US$ 0.15 (-0.27%) day on day and US$ 0.75 (-1.36%) per mt week on week. Th ...


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