Bad weather keeps bulk carrier rentals down

Norwegian ship brokerage sources pointed out that although China’s severe cold weather has increased the demand for hot coal, Australia’s export coal ports have recently been hit by bad weather, seriously affecting local coal mine exports, causing bulk carrier rentals to continue to fall, and they have been lacking until the Christmas holidays. City power.

Next year, China's coal needs 180 million tons Arctic Securities, the Norwegian investment bank, expects that China's coal demand will increase significantly. This year's imports are expected to reach 130 million tons, and this year it will increase by about 40% from this year to 182 million tons, which is to support dry bulk carriers. The important factor of rent. According to a report released by the US raw materials trade research company CommodoreResearch, China's dry bulk market report pointed out that the provinces of Shanxi, Hubei, and Henan in China have been hit by snow and snow, and thermal coal supply is very short. According to the company, the thermal coal inventories in Shanxi's power plants have dropped to 2 million tons, and Henan Province has also reduced to 2.5 million tons, which is far from meeting the demand for electricity and is urgently required to be supplemented by imports.

BDI dropped 12 days to 1830. However, the Baltic Dry General Freight Index (BDI) reported 1830 points on Wednesday, still falling 3%, and has fallen for 12 consecutive days. If the decline is slightly larger, it will fall below the lowest level of 1700 points in the year before the index "closed." Norwegian ship brokerage sources pointed out that as the two major sources of imported coal in China, the operation of Australia’s export coal ports has recently been greatly affected by the storm, and Indonesia’s coal mine exports are also declining, which is hitting the overall dry bulk shipping in the Pacific region. In the ship market, the average ship rent in the region has been pushed down to a low level of nearly 18 months, and China has not benefited from the increase in demand for thermal coal. South African coal exports increased accordingly, and Richard Dede Bay's export coal price rose to its highest level in two years.

According to data from the Baltic Shipping Exchange, the daily spot rent for Capesize vessels has returned from the low position by 1% last week. The French shipbroker BRS stated that the rent increase is based on the sharp rise in demand for iron ore and coal in the Pacific region, but the three major shipbuilding markets are currently Less than the same level of support. Among the three major shipbuilding indices, the Haiti-type ship freight index (BCI) reported at 2,440 points, which was a further decline of 4.6%, and the spot daily rental was 21,219 US dollars. The Panamax Shipping Freight Index (BPI) reported 1873 points, still falling by 1%, and the spot daily rental was US$14,938. The Surrey Shipborne Freight Index (BSI) fell 1% to 1539, and the spot daily rental was $16,090.

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