Air freight rates from Asia are expected to rise through to the end of the year following four months of stable pricing, according to a report published by shipping consultancy Drewry. Drewry’s East-West Air Freight Price Index, a ...
Tags: Air Freight Rates
China's coastal coal freight rates are showing signs of stabilizing this week, after falling for three months amid lackluster shipping demand from utilities. As of June 18, the shipping rate for vessels of 50,000-60,000 dwt from ...
Tags: Fenwei Energy, Freight Rates
Monsoon rains limited Indian buying of Indonesian thermal coal, while lending restrictions muted demand from China, market sources said on Friday. An Indian end user said buyers had refrained from purchasing imported cargoes because of ...
Tags: Thermal Coal, Limited Demand
China's Shanghai Shipping Freight Exchange plans to launch dry bulk freight futures contracts on June 18, the first of its kind in the global freight market, SSEFC President Yu Jun said late last week. "Being the first to launch such a ...
Sentiment in India following the general elections appears bullish, boding well for the Indonesian thermal coal market, but there is no near-term catalyst being seen to drive Chinese demand up, sources said Friday. "It would still require ...
Tags: Thermal Coal, Mineral
The Asian butadiene/naphtha spread narrowed to an eight-month low of $329.38/mt Monday, following the closure of the arbitrage window to move Asian butadiene to the US Gulf Coast. The spread value was last lower on September 12, 2013, ...
Indonesian thermal coal prices were steady Friday amid reduced production and weak demand from China and India, sources said. "Demand has been flat. There has been no real movement," an Indonesia-based trader said. A Singapore-based ...
Tags: Thermal Coal, Flat Demand
Freight rates to ship coal from northern China's Qinhuangdao port to the other Chinese ports of Zhangjiagang, Shanghai and Guangzhou fell for a third straight week, Qinhuangdao port said Tuesday. Rates from Qinhuangdao to Zhangjiagang for ...
Tags: Coal stocks, Qinhuangdao Port
Ultra low sulfur diesel premiums in the northwest European CIF cargo market fell to $11.25/mt above May 0.1% ICE gasoil Futures Friday, their lowest since January 28 according to Platts data, after a sharp $3/mt fall in the cash premium ...
Tags: Diesel Cargo, low sulfur diesel
Indonesian thermal coal prices were stable to higher on Monday with very few deals reported as the market awaits direction from India after the end of its month-long elections later this week, sources said. "Prices have been more or less ...
Tags: Thermal Coal, Indian demand
Moody's has changed its outlook for the global shipping industry to stable from negative on April 30. This outlook reflects Moody's expectations for the fundamental business conditions in the industry over the next 12 to 18 months. ...
Tags: Shipping, Global Shipping
The thermal coal Panamax freight market on Thursday lost some of the last week's bullishness as firm cargoes eluded the market, sources said Thursday. The coal freight market from Indonesia to India was quiet, market sources said, with ...
Tags: Thermal Coal, coal freight rate
Anticipated fragmented scrap pricing next month could bring US regional scrap prices closer together, according to market sources who generally agree on downward pricing pressure for May settlements. Scrap settlements varied wildly in ...
Tags: Steel Scrap, regional scrap prices
Iron ore Capesize freight rates continued to edge down this week, with expectations that rates could see further contraction in the next week, market sources said Thursday. The West Australia to Qingdao iron ore Capesize market was active ...
Tags: Iron Ore, freight rates, miner
Chinese inquiries for imported thermal coal have picked up amid stabilizing domestic prices and lower freight rates, but a wide bid-offer spread continues to deter spot deals, sources said Tuesday. Australian suppliers have raised their ...