The dry bulk shipping market endured a tough second half of 2022 and the outlook for the coming year does not look promising with a combination of depressed demand and fleet growth. In the third ...
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NEW YORK, Jan. 17, 2022 /PRNewswire/ 57% of the growth will originate from APAC for the dry bulk shipping market. China and India are the key markets for the dry bulk shipping market in the ...
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Demand. In our base scenario, we expect cargo demand to grow by % in 2023, % in 2024 and 12% in 2025. Average haul could increase by between % and % in 2023 and between 0% and 1% in both 2024 and 2025. From 2024 onwards, there may be a decrease in shipments of coal, which is a commodity with below average sailing distances.
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Dry Bulk Shipping Market Size And Forecast. Dry Bulk Shipping Market size was valued at USD 15, Million in 2022 and is projected to reach USD 20, Million in 2030, growing at a CAGR of % from 2024 to 2030.. The rise of seaborne trade, as well as an increase in iron ore and coal transportation, are predicted to drive demand for dry bulk shipping.
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If India continues to successfully boost domestic supplies, it could accelerate the decline in global coal shipments in 2024. Based on estimates from the United States Department of Agriculture, we estimate grain shipments to fall between % and % in 2023 and to recover between 3% and 4% in 2024. In 2023, maize exports are expected to drop ...
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Demand from China for dry bulk goods rose steadily (primarily iron ore, coal and grain). Dry bulk shipping is economically a commodity. Barriers to entry are very low and the market is highly ...
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10. Genco Shipping Trading Ltd. Company runnerup and the main candidate to be included in the top 5 largest dry bulk companies. In 2022, their fleet recap consisted of 44 dry bulk carriers including 17 Capesize, 15 Ultramax, and 12 Supramax class vessels with a total deadweight of 4,308,743 tons.
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These are very helpful cargoes due to their lengthier ton miles, and these cargoes continue to add support to the dry bulk shipping market. In the near term, China's coal imports from most exporters other than Australia are poised to continue to grow as China continues to have a shortage of both thermal and coking coal. The thermal coal ...
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Navios Maritime Partners + +%. In this piece, we will take a look at the 15 biggest dry bulk shipping companies in 2022. For more companies, head on over to 5 Biggest Dry Bulk ...
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After a robust bull run which started in April 2021, dry bulk freight rates across vessel segments have fallen steeply on the back of easing port congestion in China, falling Chinese steel production as well as the sharp drop in iron ore, thermal coal and other raw commodity prices.
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Eagle Bulk Shipping's 63,300dwt Singapore Eagle (built 2017) calls at a coal terminal. Analysts expect high demand for coal and China's rising need for iron ore will boost dry bulk shipping.
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The Baltic Dry index, which tracks rates for the three largest classes of ships, has risen to its highest level in more than a decade, soaring over 700 per cent since April 2020. Capesize vessels ...
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China's surging imports of metals, grain and other commodities are providing a boost to a bulkshipping sector at the center of global industrial production. Daily freight rates for capesize ...
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Dry Bulk Trade 2020 Iron Ore 31% Coal 27% Grain 10% Minor Bulk 32% Total Dry Bulk Trade 2020 * * Includes Chinese coastal coal trades Coal Strongly Influences But Does Not Dictate Freight Rates Iron Ore Iron Ore Iron Ore Iron Ore Coal 10% Coal 39% Coal 24% Coal 16% Grain Grain Grain Bauxite Bauxite Bauxite Bauxite Fertiliser
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The coal volume jump is among a variety of positive data points in China's dry bulk imports. China imported 294m tonnes of iron ore during the first three months of this year, according to ...
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Asia's dry bulk shipping market has found support from robust coal demand from Vietnam and China as well as plentiful iron ore flows to China, despite COVID19 pulling down consumption in other pockets, Vivek Kumar, managing director of Western Bulk Pte Ltd. told SP Global Platts in an interview.
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The Global Dry Bulk Shipping Market is projected to reach USD XX Billion by 2028 from USD Billion in 2021 at a CAGR of % during the forecast period. The major factors driving the growth of this market are the increasing trade volume and an increase in demand for commodities such as coal and iron ore around the world which led to increased investments in dry bulk carriers over the past ...
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The Baltic Exchange's dry bulk sea freight index B BDI, tracking rates for ships carrying dry bulk commodities plunged on Tuesday, snapping an eightsessionlong winning streak, dragged down by lower rates for capesize and panamax vessel segments. * The overall index B BDI, which factors in rates for capesize, panamax and supramax shipping vessels, was down 203 points, or %, at 3,143.
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En Route to China. Moreover, China's increasing freight demand is adding cost. In our last freight update, we highlighted China as one of the primary ocean freight rate drivers as the world's leading importer of dry bulk commodities, specifically coal and iron 2022, China's GDP growth slowed to % compared to % in 2021; as a result, manufacturing activity and demand for iron ...
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Rates for Capesizes — larger dry bulk vessels with capacity of around 180,000 deadweight tons (DWT) that carry iron ore, coal and bauxite — averaged 54,600 per day on Monday, according to ...
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Chinese steel production — which supports iron ore and coal imports — fell to 907 million tons in July, down 6% from June, according to the World Steel Association. The hope in dry bulk shipping circles is that China will unveil a major stimulus plan in the second half to offset economic hits from lockdowns and the real estate crisis.
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The economic slowdown being faced by the world's largest commodity consumer China is also weighing on the dry bulk freight market, along with the demand squeeze being seen in key dry bulk commodities that is impacting the earnings of bulkers across all sizes.
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Overall, we remain bullish for China's nearterm coal import prospects and for the dry bulk shipping market. China's power plant stockpiles are down yearonyear by about 25%, while coal ...
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Nov 27, 2023 Over 20 is an old ship a bad ship? Nov 17, 2023 Latin America Shipping Report 2023 The latest industry updates and developments across Latin America. Read online > Highlights...
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The year ended with critical changes in grain flows due to geopolitical tensions between Russia and Ukraine. In parallel, the Chinese real estate crisis seriously impacted Capesize vessels, while the energy crisis drove up coal flows and Panamax freight rates.
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The shipbroker said that "in the first 9 months of 2020, China imported mln tonnes of coal by sea (including both thermal and coking), according to vessel tracking data from Refinitiv.
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The higher volume of iron ore and coal dry bulk flows to China is reflected in the growth of dry bulk demand tonnedays, where the fourth quarter of the year ended with increasing momentum in the ...
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In contrast, this year's high Chinese domestic production is being complemented by higher imports, a plus for dry bulk shipping. China imported million tons of coal in the first seven ...
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Overall, it remains very bullish for the seaborne coal and dry bulk shipping markets that China's coalderived electricity generation growth has continued to fare much better than coal production growth. Coalderived electricity generation in June totaled billion kilowatt hours. This is up monthonmonth by billion kilowatt hours (7% ...
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Despite the predominantly negative shortterm outlook held by many market participants, coal trade flows may remain healthy and support dry bulk rates to a certain extent, amid Europe's energy supply crisis caused by the RussiaUkraine conflict. "Coal demand will remain strong for at least another year," commented a third shipoperator.
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