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Links to previous press releases are below.

News Dry Cargo Coal,Minor Bulks

Indonesian Coal, Bauxite Exports in February

Coal exports from Indonesia rose by 2.4 Mt year-on-year to just under 37 Mt in February, according to data from Bank Indonesia. Shipments declined from 38.2 Mt in January.

Meanwhile, the country’s bauxite exports were flat on the year at 1.4 Mt in February (-0.2 Mt from January).

News Dry Cargo Steel

US HRB Price Falls

The US domestic hot-rolled band (HRB) price plunged by $44/t in the two-weeks to 13 April to $577/t, the lowest since late November 2019, according to the latest SteelBenchmarker from World...

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IEA slashes oil demand growth outlook

Global oil demand is expected to fall by a record 9.3M b/d y-o-y in 2020, according to the International Energy Agency (IEA) in its latest Oil Market Review.  This compares with a decline of 90K...

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OPEC+ reaches historic supply agreement

OPEC+ members agreed to cut output by 9.7M b/d last week to offset falling demand from the coronavirus pandemic. The initial cuts of 9.7M b/d are for May and June, with cuts dropping to 7.7M b/d...

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News Dry Cargo Economy

IMF Projects Global Economic Contraction in 2020

According to the IMF’s World Economic Outlook released today (14 April), the global economy will contract by -3.0% in 2020, a more severe drop than in the 2008-09 financial crisis. The IMF’s baseline...

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News Dry Cargo Economy

Lockdowns Extended in India, South Africa, Colombia

The Indian government has announced the three-week nationwide lockdown, due to end on 14 April, will now be extended to at least 3 May. This follows earlier announcements by South Africa and Colombia that their nationwide lockdowns would be extended to 30 April and 27 April, respectively.

News Dry Cargo Iron Ore

Iron Ore Inventories at Chinese Ports Edge Higher

Stockpiles of iron ore at 42 ports in China surveyed by U-Metal posted the first week-on-week rise since early February, inching up by 0.5 Mt week-on-week to 116.4 Mt on 10 April. By contrast on 12 April 2019 inventories were at 141.3 Mt.

News Dry Cargo Coal,Grain,Iron Ore

Chinese Iron Ore, Coal, Soyabean Imports in March

Chinese iron ore imports eased by 0.5 Mt year-on-year to 85.9 Mt in March, provisional customs data show. Iron ore receipts in 1q20 rose by just under 2.0 Mt on the year to 262.8 Mt, but fell from 284.8...

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