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Latest From Capes

Dry bulk owners face an uncertain coal market

Colombian coal market to provide short-term support to capesize market, while Russian shipments to China to provide long-term aid to the embattled handysize and supramax segments

Asia Pacific Australia

Plunging capesize index sinks to fresh low of 122 points

Cargo volumes out of Brazil were anaemic, and this has clearly hurt the supply-demand balance for capesizes, with Pacific trade also thinning

Australia China

Coal to gas switch — another bitter pill for dry bulk owners

In addition to iron ore trade contracting in 2019, Stifel expects thermal coal trade, which makes up about 19% of all dry bulk volume, could also decline by 2%-3%

International Dry Bulk

Western Australia ports reopen after cyclone

The Western Australia to China capesize voyage C5 route on the Baltic Exchange dipped to $4.68 per tonne, a decline of 18.3% over the week

Australia Dry Bulk

Much lower iron ore trade growth to claim capesize earnings potential

London-based consultancy expects iron ore trade growth to sink to 0.1% in 2019 from expectations of 4.6% before the Brazilian dam disaster

International Dry Bulk

China’s soyabeans commitment offers relief to dry bulk sector

An additional 10m tonnes in exports would support the drawdown of the massive US soyabean stocks that have depressed prices for months, according to Arctic Securities

Dry Bulk Capes

China’s coal import restrictions might force a 3m-tonne drop in shipments

Wood Mackenzie estimates China’s seaborne metallurgical coal imports will fall by 3m tonnes in 2019 as a result of China’s coal import restrictions

Australia China

Capesize and panamax owners bemoan Malaysia’s U-turn on bauxite mining

Shipments from Malaysia to China will shift the pendulum back to smaller vessels while tonne-mile demand is expected to suffer from shorter distances

Malaysia Dry Bulk

GoodBulk sees capesize market as ‘finely balanced’

Normally bullish bulker owner posts seventh consecutive quarterly profit but says market increasingly hinges on various key factors

International Dry Bulk

Vale closes distribution centre in Malaysia after fire

The unexpected shutdown will mean a reduction in exports to somewhere between 600,000 tonnes to 1m tonnes over 10 to 15 days, with the losses expected to be made up next month with bigger shipments, analayst Wood Mackenzie estimates

Malaysia Dry Bulk

Chinese coal import restrictions spell bad news for bulkers

The Baltic Dry Index has reached its lowest level in two-and-a-half years and was at 634 points on Monday as fixtures to China dried up

China Australia

Vale production cuts to shake up trade flows

The 40m tonnes of iron ore pulled out by Vale would result in a 4.7% decline in iron ore tonne-miles and 1.3% drop in total dry bulk tonne-miles, JP Morgan analyst Noah Parquette said

Brazil Dry Bulk