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Latest From Panamax
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
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
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
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
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
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
Deutsche Bank sees mid-sized carriers outperforming other dry bulk segments on the back of strengthening coal trades in the Pacific basin combined with higher grains exports in the Atlantic
Freight rates are likely to improve for capesizes and panamaxes if chronic congestion continues
Grain shipments from the US to Europe and parts of Asia alongside higher coal volumes moving to India are keeping panamax vessels nicely employed
Weakest performer is forecast to be the Middle East Gulf-US Gulf VLCC trade amid rising US crude output
Trade tensions, Chinese policies and supply disruptions may continue to affect market landscape even as fleet growth remains low
The latest cape rally in a volatile market has pushed up BDI to its highest in a month
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