Lakes Limestone Trade up 16% in September Shipments of limestone on the Great Lakes totaled 3,461,606 net tons in September, an increase of 3.6 percent compared to August, and 16 percent better than a year ago. However, the trade was down 10.7% compared to the month’s 5-year average. Loadings at U.S. ports were up 342,000 tons compared to a year ago. Shipments from Canadian docks increase by 135,000 tons. Year-to-date the Lakes limestone trade stands at 20.5 million net tons, an increase of 25.2% compared to a year ago, but a decrease of 15% compared to the five-year average for the first three quarters. Loadings at U.S. ports are up 28 percent compared to a year ago. Shipments from Canadian docks are 15.4% ahead of last year’s pace. Great Lakes Coal Trade Up 32.5 Percent in September Coal shipments on the Great Lakes totaled 3,648,453 net tons in September, a decrease of 6.8% compared to August, but an increase of 32.5% compared to a year ago. Compared to the month’s five-year average, loadings were down 7.4%. Shipments from Lake Superior rose noticeably from a year ago – 35% – and were on par with the month’s five-year average. Loadings in Chicago increased by 145% compared to a year ago and all but equaled the month’s five-year average. The coal trade out of Lake Erie increased 13.6% compared to a year ago, but was nearly 20% off September’s five-year average.
Shipments of coal on the Great Lakes totaled 2.2 million tons in April, a virtual tie with a year ago. The trade was 19 percent below the month’s five-year average, however. Shipments from Lake Superior ports totaled 1.4 million tons, a slight increase from a year ago. Included in that total were 168,000 tons loaded in Superior, Wisconsin and transshipped to Québec City for loading into oceangoing colliers.
Drewry expects the Baltic Dry Index (BDI) movements to moderate in September on the back of steady grain, minor bulk and coal trades. However, the iron ore trade is likely to lose its momentum in coming months. The BDI continued its rollercoaster ride into August first falling then rising in the second half of the month. Nevertheless, this progress failed to improve the overall picture, and the average BDI declined by 34 points to reach 673 points.
Shipments of coal on the Great Lakes totaled 2.7 million tons in September, a decrease of 13% from a year ago and the preceding month. Shipments from Lake Superior ports totaled 1.6 million tons, a decrease of 13.5% compared to a year ago. Coal transshipped from Superior, Wisconsin, to Québec City, Québec, for loading into oceangoing colliers totaled 96,000 tons. Exports to Europe from Superior total 1,253,000 tons through September.
Shipments of coal on the Great Lakes totaled 2.7 million tons in November, a decrease of 7.3 percent compared to a year ago, and well below – 35.2 percent – the month’s long-term average. Shipments were also 4.1 percent less than October’s tally of 2.8 million tons. Shipments from Lake Superior ports totaled 1.6 million tons, a decrease of 9.2 percent compared to a year ago. Coal transshipped from Superior, Wisconsin, to Québec City, Québec
Adani Enterprises Ltd, the flagship company of the Adani Group, today announced its results for the first quarter ended June 30, 2014. Financial Highlights: The consolidated Total Income for quarter increased by 43% to Rs 16,524 crore against Rs 11,547 crore in the same period last year. The consolidated EBIDTA increased by 62% to Rs 3,275 crore against Rs 2,017 crore in the same period last year. The consolidated PAT is Rs 557 crore.
Some stiff rate increases for Atlantic capers were seen for business to China and for trans-Atlantic coal, brokers said last Wednesday. Panamax rates were still drifting from the U.S. Gulf due to lack of orders, but levels in the Far East for these vessels remained firmer, they added. Conditions for handy size vessels and to a lesser extent smaller geared tonnage, were generally better in the Atlantic. The Baltic Freight Index (BFI) rose six points to 1,223
Coal shipments on the Great Lakes totaled 4.1 million net tons in November, an increase of 21 percent compared to a year ago. Shipments were also up nearly 7 compared to the month’s 5-year average. Shipments of low-sulfur coal from Superior Midwest Energy Terminal in Superior, Wisconsin, accounted for most of the increase. Nonetheless, the dredging crisis continued to hamper shipments. Not one coal cargo topped65,000 tons in November, and many were in the 63,000-ton range
Ice formation, the likes of which have not been seen since 1994, dramatically slowed coal shipments on the Great Lakes in April. Loadings totaled only 995,000 tons, a decrease of nearly 55 percent compared to a year ago. Compared to the month’s five-year average, April shipments were down nearly 57 percent. The biggest drop came from Lake Superior ports. The only way vessels could safely cross Lake Superior in April was to be convoyed by U.S
The Q4 bounce – a seasonal staple of the dry bulk markets – looks likely for Capesize and Panamax segments, but the effects may be limited. Independent research and consultancy firm Maritime Strategies International (MSI) is forecasting a fourth quarter bounce in dry bulk market earnings, driven by improving iron ore, coal and grain trades. In its latest Dry Bulk Freight Forecaster, MSI sees positive signs beyond the traditional summer lull in chartering
South Korean utilities jointly bought a total of 1.5 million tonnes of coal from the United States to arrive from the third quarter, a spokesman at one of the utilities said on Tuesday. The purchase comes as South Korea, the world's fourth-largest coal importer
China's determination to tackle its choking pollution by cutting steel and coal capacity should be a long-term negative for exporters of iron ore and coal to the world's biggest commodity importer, but the reality is likely to be far more nuanced.
Clarksons Research discusses about the emerging trends in China which is at the heart of the world’s seaborne trade. In 2015 the Chinese economy saw both a slowdown in growth and a significant degree of turbulence. GDP growth slowed from 7.3% in 2014 to 6.9%
The 2017 Great Lakes shipping season begins today when the U.S.-flag tug/barge unit Dorothy Ann/Pathfinder departs her winter lay-up berth in Erie, Pa., and sails to Cleveland, Ohio, where she will initiate the shuttle of iron ore from Cleveland Bulk Terminal to the ArcelorMittal steel mill at the
Shares of Tangshan Port Group Co Ltd soared 7 percent on Tuesday, to post their biggest daily percentage gain in nine months, as investors bet the small port would benefit from a major clampdown on coal transportation at its larger rival.
With contraction in vessel supply and healthy demand growth, the dry bulk shipping market is expected to recover from 2017 onwards, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry.
Coal has washed up in waters dangerously close to Australia's Great Barrier Reef, environmental authorities said on Wednesday, following an investigation into complaints of black dust on nearby beaches. Ship-loading facilities at the port of Hay Point
Loading disruptions at ports in East and South Kalimantan on the Indonesian side of Borneo island are causing a coal supply shortage in one of the world's most important export regions, causing delays as ships wait to take on new cargoes.
In recent decades, trade between the Australia and China have made an increasingly significant contribution to growth in global seaborne trade, and the signing of the China-Australia Free Trade Agreement in 2015 is driving further co-operation, says a report by Clarkson Research Services.
The dry bulk market’s strong end to 2016 is unlikely to last long into 2017, according to the latest research from Maritime Strategies International. In its latest quarterly dry bulk market report*, MSI predicts a depressed year for rates in 2017, a year marked by multiple risks to recovery
Since Q1 2013, the significance of U.S. coal exports has seen a considerable setback, with 2016 achieving the same levels as 2009. This is due to the long-haul routes carrying coking coal from the U.S. East Coast and U.S. Gulf Coast to East Asia
China has thrown the world's commodity producers and traders a massive party in the last few months, as evidenced by robust figures for November's imports of crude oil, iron ore and coal among others. But as all partygoers know, sooner or later the festivities come to an end
Australia and Indonesia, being the main exporters of coal to China, are growing their market share at the expense of longer haul exporters like the US and South Africa. Therefore, dry bulk shipping demand does not enjoy full tonne-mile demand, when the imported coal volumes increase.
India is trying to boost sales of its low-quality coal by offering more of the fuel at home and initiating steps to lower freight costs, while global prices are high, with the government hoping the moves will help cut imports. State-controlled Coal India
Maritime Strategies International (MSI) is forecasting a firm festive season for the dry bulk market, swiftly followed by a New Year comedown. In its latest Dry Bulk Freight Forecaster* MSI notes that after a steady fall in average daily TCE spot earnings in October