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Angela Chao Blog

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Angela Chao Blog

Tag Archives: dry bulk market

Waiting for 4th Quarter Results

29 Wednesday Oct 2014

Posted by Angela Chao in Dry bulk shipping

≈ 2 Comments

Tags

Brazil, capesize market, Capesize rates, coal imports, dry bulk market, Indonesia’s ban, shipments of coal, unprocessed minerals

Bulker_at_sunsetAll are waiting for 4th quarter final results to know whether to celebrate a recovery or hunker down for a depressed dry bulk market.

Political turmoil across the world combined with shaky economic realities has produced a less than stellar year for the dry bulk shipping industry. However, several factors, if fully realized in this last quarter of the year, could help to turn things around.

A number of negative factors weighed heavily on the dry bulk shipping market this year. The US experienced an unusually harsh winter while Europe enjoyed a mild one, resulting in significantly reduced east-bound shipments of coal. Indonesia’s new ban on unprocessed minerals was implemented in January, affecting shipping performance throughout the year. China saw one of its wettest summers on record, which allowed it to increase hydropower production but at the cost of coal imports. And, to compound the Chinese situation, new taxes designed to protect domestic coal miners went into effect this month, depressing coal imports. Continue reading →

Baltic Capesize Index (BCI) Showing Fine Supply/Demand Balance

20 Wednesday Nov 2013

Posted by Angela Chao in Dry bulk shipping

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Tags

Baltic Capesize Index, Capesize rates, dry bulk market, iron ore, Panamax rates, steel

After a heated rise starting in mid-August through September which saw capesize rates more than double and almost triple, the month of October, and in particular the second half of October saw a step back as the market excitement cooled down and took a breather.

Only 95 ships acquired cargos during the four weeks ending on 28 October, compared to 162 during the previous 4-week period. Demand for steel remained depressed, pushing down the Chinese HRC prices to $570/ton, a drop from $600/ton at the beginning of September. Continue reading →

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About Me

Angela Chao
Chairman and C.E.O. of Foremost Group, a leading shipping and trading enterprise, Angela Chao is an active businesswoman who serves on several boards and loves to volunteer. Angela comes from a loving and supportive family of Chinese descent. The Chao family dedicate themselves to serving and contributing to society.

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Recent Posts

  • A Review of Dry Bulk Shipping Performance and Its Challenges in 2016
  • Several Indicators Point to Long-Term Recovery in Capesize Market
  • Is Obsession with Brexit Creating a Blind-spot for Economists?
  • Angela Chao’s Mixed Bag of News for the Dry Bulk Shipping Industry
  • Consolidations in China’s Steelmaking Industry are Healthy and Necessary

Categories

  • Baltic Dry Index
  • Dry bulk shipping
  • Shipping Events

Tags

Baltic Capesize Index BDI Capesize rates China Chinese economy coal imports coal shipping Crude Oil Dalian Commodity Exchange dry bulk market dry bulk shipping dry bulk shipping market freight rates iron ore Iron ore prices iron ore shipping Iron ore shipping vessels shipping industry steel steel industry

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