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Mercator’s Kamsarmax fixed with Clearlake

Mercator Lines (Singapore) Limited, a leading Indian-owned international dry bulk shipping company focused on markets such as India, Indonesia and China, today announced that it has secured a long term charter for its gearless Kamsarmax. Clearlake Shipping of Singapore, has chartered in the 82,4 ...

Vietnam’s May coal imports up 65% year on year to 548,664 mt, exports down

Vietnam imported 548,664 mt of coal in May, up 65% year on year and 51% higher month on month, Vietnam Customs data showed. The May imports were worth $46 million, up 18% year on year and 53% higher than April. Traditionally a coal exporter, Vietnam has turned to imports to meet rising domestic ...

Indonesia seeks legal route for bauxite miners to resume exports

Indonesia’s government is discussing legal avenues to allow a resumption of bauxite exports to help kickstart stalled smelter projects, top officials said, as Southeast Asia’s largest economy tries to promote infrastructure development. Indonesia imposed restrictions on exports of unprocessed me ...

Vietnam: Domestic coal consumption up 17 per cent in June

The Viet Nam National Coal and Mineral Industries (Vinacomin) sold 3.2 million tonnes of coal in June, raising the six-month figure to 17.7 million tonnes. In June, 100,000 tonnes were sold for export and the remaining were used for domestic consumption, Vinacomin Deputy General Director Nguyen ...

Can Indonesia save the seaborne coal market?: Russell

The coal industry always seems to be looking for a white knight to rescue it from some crisis, and it is perhaps ironic that Indonesia, the world’s largest exporter, is the next great hope that is to save global miners from the current supply glut. The theory is that as Indonesia ramps up domest ...

Panamax freight rates low despite high Brazilian soybean export expectations

Brazilian soybean and soybean meal exports are projected to exceed last year’s by almost 5 million mt this year and Chinese import demand is up, but Panamax freight rates are still significantly lower than last year due to lower bunkers and excess tonnage. According to the latest USDA world agri ...

Bauxite supply no hindrance to China’s aluminium boom: Andy Home

Who remembers the Indonesian bauxite ban now? When the country prohibited exports of unprocessed minerals in January 2014, the big loser was expected to be China. At the stroke of a presidential pen China lost its main supplier of both bauxite and nickel ore, seemingly placing at risk its giant ...

Iron ore at highest since Feb as China port stocks drop further

Iron ore held at its highest level in nearly four months as stocks of the steelmaking commodity at China’s ports dropped for the eighth consecutive week, helping entrench a recovery in prices from this year’s slump. Iron ore has risen 37 percent from a 10-year low of $46.70 a tonne reached in Ap ...

Dry bulk FFA market: Hot potatoes and cold showers

The trend and direction on paper last week continued confused, with some good upward momentum quickly countered by the realisation that physical was not going to follow paper’s lead. Early week capesize activity lifted the Cal and Q4 contracts, strength which gave Asian players the confidence to ...

China coal imports slump further in May as policies bite

China’s coal imports slumped sharply in May as policies aimed at cutting imports of low-quality grades and increasing the use of cleaner energy undermined industry expectations of a pick-up in seasonal demand, data showed on Monday. Total imports in the first five months of the year reached 83.2 ...