Tag: ore
Vale to install Anemoi Rotor Sails on world’s largest ore carrier, making it the largest wind propulsion installation ever
Brazilian mining giant Vale S.A. has announced that it is to install five Rotor Sails from Anemoi Marine Technologies Ltd (“Anemoi”), one of the world’s leading suppliers of wind-assisted propulsion technology for commercial vessels, onboard a 400,000 dwt Valemax, the world’s largest ore carrier. The vessel is owned by Omani shipowner, Asyad. The agreement between…
Brazil’s Iron Ore Exports on the Rise in 2023
The Brazilian iron ore market has improved during 2023, with exports on the rise, much to the delight of the dry bulk market. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been so far a positive year for global iron ore trade. In Jan-Aug 2023, global loadings of iron ore increased…
Βrazilian iron ore export volumes increased in August, leading to a boost in Capesize tonne days
Throughout the last week of September, freight rates maintaining the strength observed in previous days. It appears that the third quarter will conclude with higher freight rates than those witnessed in the preceding two months. Notable increases were seen on a monthly basis in the freight market for large vessel sizes, particularly in the Capesize…
Brazilian iron ore export volumes increased in August, leading to a boost in Capesize tonne days
In the third week of September, freight rates in the various ship categories increased significantly, indicating a robust upward trend. At the same time, there is a noticeable optimism in Chinese economic activity, supported by a number of strategic stimulus measures by policy makers. In recent weeks, policymakers in China have introduced a comprehensive package…
Brazilian iron ore export volumes increased in August, leading to a boost in Capesize tonne days
In the second week of September, despite the ongoing challenges surrounding China’s economic recovery and uncertainties regarding grain trade negotiations between Ukraine and Russia, we observed a continued firm momentum of freight rates. It is uncertain if the current situation will continue, as there has been a decline in the growth rate of tonne days…
China Leading Iron Ore Imports in 2023
China’s iron ore imports have increased so far in 2023, helping sustain dry bulk market rates. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been so far a positive year for global iron ore trade. In Jan-Jul 2023, global loadings of iron ore increased by +3.9% y-o-y to 892.6 mln tonnes,…
Strong Chinese demand drives 7% y/y increase in minor ore exports
“Driven by continued growth in minor ore demand in China, global seaborne minor ore exports rose 7% y/y in the first seven months of 2023, vastly outpacing the 2% y/y growth in overall dry bulk exports,” says Filipe Gouveia, Shipping Analyst at BIMCO. Accounting for 51% of seaborne minor ore exports, bauxite exports also led…
Dry Bulk Market: Capesize Iron Ore Flows From Australia to the Far East a Mixed Bag
In early August, Atlantic Capesize freight rates posted significant increases on both a weekly and monthly basis, driving the Baltic C5TC (Timecharter Average $/d) to a weekly increase of 32%. Capesize route C8 (Transatlantic Round Gibraltar/Hamburg $/d) saw a 70% increase and the C7 route (Bolivar to Rotterdam $/mt) saw a 26% increase (WoW). Overall,…
Dry Bulk Market: Japan’s Iron Ore Demand Keeps Retreating
Iron ore demand from Japan have been steadily falling over the past few years, even before the pandemic and so far, 2023, is proving to be no exception. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been so far a positive year for global iron ore trade. In Jan-Jun 2023, global…
Iron ore and coal dry bulk flows to China daily (25d MA) above year-earlier level
The third week of July sustained the downward trend of freight market rates of the previous days of July, however, signs of an upward trend were recorded in the Panamax Continent to Far East rates. On the supply side, the number of ballast ships increased significantly across all vessel size categories implying that freight rates…
