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China’s May coking coal imports fall 68% on year to 1.88 mil mt, 6-year low

China’s coking coal imports in May plunged 68% year on year to 1.88 million mt — the lowest since March 2009 — as volumes from Australia and Mongolia plummeted, according to data released by the General Administration of Customs. May imports were nearly half of April’s 3.75 million mt. Imports f ...

India to ship 16.5 MT iron ore to Japan, South Korea

The government approved the renewal of agreement for supplying up to 16.5 million tonnes (MT) of high grade iron ore to steel plants in Japan and South Korea over three years till March 2018. “The Cabinet, chaired by Prime Minister Narendra Modi, has given its approval to renew long term agreeme ...

Capesize 、Panamax、Supramax、Handysize dry bulk vessel Performance

The BDI was flat in May with the performance across all vessel categories showing a divergent trend. While the BCI staged solid recovery and rose 43% m/m, the BPI dropped ~20% m/m in May and registered the largest monthly decline. The BSI and BHSI moved 4% and -3% respectively over the last mont ...

Indian utilities’ April-May thermal coal imports up 9.6% on year

Indian power utilities imported 15.9 million mt of thermal coal in April-May 2015, a year-on-year increase of 9.6%, according to latest Central Electricity Authority data seen by Platts. Of the total, 8.3 million mt coal was imported by 37 utilities for blending while 7.6 million mt was imported ...

Dry bulk FFA market: A summer freight rollercoaster

While the tanker market basks, the dry market languishes but that didn’t stop dry paper from having some fun this week. Trouble is this exuberance was absent a similar physical sentiment. Though the tone was positive, it was hardly bullish, and by week’s end the exuberance looked to have run out ...

Japan Steel exports drop 4% m/m in May: JISF

Japan’s exports of common steel products declined to 3.45 million tons in May, down by 4% as compared to the previous month, as per the data released by Japan Iron & Steel Federation (JISF). The total export revenue generated by steel products amounted to JPY 303.1 billion, down 6.7% year-o ...

Asia Dry Bulk -Capesize rates could slide as charterers delay cargoes

Rates for capesize bulk carriers, which climbed to their highest level in a month this week, could slip next week as charterers hold back cargoes to cap further rate gains, ship brokers said. “We see coal cargoes being postponed to July and August as charterers try to cool down the market,” said ...

Firming South American grain market boosts Atlantic dry bulk freight rates

Brazil’s front-haul dry bulk freight market has been firming for the past two weeks, pushing up spot rates across the North Atlantic and affecting the period market, sources said. Front-haul freight rates to take a 60,000 mt grain from Santos, Brazil, to Qingdao, China, rose $2.75/mt to $25.25/m ...

India’s thermal coal imports likely to spike owing to poor monsoon rains

Indian thermal coal imports were expected to spike over the next few months, exceeding the 200-million-ton forecast for the current financial year, a senior government official has said. Indian thermal coal import projections for 2015/16 have already been increased to 200-million tons, but shipm ...

China, Australia ink FTA removing import tariffs on met coal; date to be fixed

China and Australia Wednesday inked a bilateral free trade agreement that will remove the existing 3-6% import tariffs on metallurgical coal, Australia’s Department of Foreign Affairs and Trade said. This follows the signing of a memorandum of understanding between the two countries last year. T ...