Dry Bulk Market

All time high grain trade forecasted in 2017 and 2018

All time high grain trade forecasted in 2017 and 2018

Klaveness customers and clients receive a comprehensive dry bulk research report on a weekly basis. The below is an extract from one of the topics addressed in the week 20 report. USDA released their monthly…

What next with China’s coal import up 32 % YoY in April?

What next with China’s coal import up 32 % YoY in April?

Klaveness customers and clients receive a comprehensive dry bulk research report on a weekly basis. The below is an extract from one of the topics addressed in the week 18 report. China imported 24.8Mt of…

Ton-mile of Chinese bauxite and alumina import in March up 26 % YoY

Ton-mile of Chinese bauxite and alumina import in March up 26 % YoY

Klaveness customers and clients receive a comprehensive dry bulk research report on a weekly basis. The below is an extract from one of the topics addressed in the week 18 report. China’s import of bauxite…

Global steel production reached an all time high in March

Global steel production reached an all time high in March

Klaveness customers and clients receive a comprehensive dry bulk research report on a weekly basis. The below is an extract from one of the topics addressed in this week’s report.   Worldsteel released their monthly update on…

China’s steel production and consumption at an all time high

China’s steel production and consumption at an all time high

Klaveness customers and clients receive a comprehensive dry bulk research report on a weekly basis. The below is an extract from one of the topics addressed in this week’s report. China produced 72Mt of crude steel in…

ECSA grain export ramps up, but is still lagging last year

ECSA grain export ramps up, but is still lagging last year

Klaveness customers and clients receive a comprehensive dry bulk research report on a weekly basis. The below is an extract from one of the topics addressed in this week’s report. ECSA grain export in SH-Mar totaled 9.5Mt…

Chinese Seaborne Dry Bulk import up 20% in February

Chinese Seaborne Dry Bulk import up 20% in February

Klaveness customers and clients receive a comprehensive dry bulk research report on a weekly basis. The below is an extract from one of the topics addressed in this week’s report. Chinese seaborne dry bulk import totaled 124Mt…

Global steel production growth slows in February, but remains strong

Global steel production growth slows in February, but remains strong

Klaveness customers and clients receive a comprehensive dry bulk research report on a weekly basis. The below is an extract from one of the topics addressed in this week’s report. Worldsteel released their monthly update on global…

Global industrial production continue to accelerate

Global industrial production continue to accelerate

Klaveness customers and clients receive a comprehensive dry bulk research report on a weekly basis. The below is an extract from on of the topics addressed in this week’s report. According to our model*, global industrial production…

The rising oil price and its potential impact on Drybulk freight

The rising oil price and its potential impact on Drybulk freight

The oil price impacts both the demand side and the supply side of Drybulk. The oil price has been on a rise since February 2016. In this article we discuss the potential impacts a rising…

Why 2017 looks positive for the dry bulk market

Why 2017 looks positive for the dry bulk market

Last week we held our annual Klaveness Forum in London. The conference which took place at the Corinthia Hotel was well attended with many of our customers and partners. As part of the program I held…

The effects of global steel production growth on dry bulk freight

The effects of global steel production growth on dry bulk freight

Two weeks ago we argued that the general trend of increasing dry bulk earnings since February 2016 is related to an improving growth rate i global industrial production. The trend in global steel production mirrors that of…

Want to know why Dry Bulk freight rates have rallied in the last month?

Want to know why Dry Bulk freight rates have rallied in the last month?

Last week we argued that the general trend of increasing dry bulk earnings since February 2016 is related to an improving growth rate in global industrial production. However, this alone cannot explain the sharp increases…

The Dry Bulk Market seems to be on the road to recovery

The Dry Bulk Market seems to be on the road to recovery

The Baltic Dry Index bottomed out in February 2016 at an all-time low level, but has since been improving steadily. We argue that these improvements in freight to a large extent is driven by the…

The reports of coal’s death are greatly exaggerated…at least in the short term

The reports of coal’s death are greatly exaggerated…at least in the short term

This week we will take a look at what we call “Other Atlantic” (Turkey, Brazil, Ukraine, the US, Israel, Morocco and Egypt). As a group these countries imported 97Mt of coal in 2015, up 3%…

How fast will coal be displaced in the EU and the UK?

How fast will coal be displaced in the EU and the UK?

This week we take a look at the EU and the UK, and its impact on global trade. EU Total imports into the EU (excluding the U.K.) totaled 188Mt in 2015, the second highest import…

There’s a certain growth market for coal import in Emerging Asia

There’s a certain growth market for coal import in Emerging Asia

This week we will have a closer look at what we call the Emerging Asia (Bangladesh, Malaysia, Pakistan, The Philippines, Thailand and Vietnam) where coal imports are coming from a low base, but is expected…

Will the steady growth continue in Stable Asia?

Will the steady growth continue in Stable Asia?

This week we will have a look at the coal market in what we call Stable Asia. A market which is often overlooked when discussing the seaborne coal market due to fairly low volatility in coal imports…

Can Indian coal production match a rapidly growing demand?

Can Indian coal production match a rapidly growing demand?

The global seaborne trade of coal totalled close to 1.2 billion tons, and constituted 24 % of global dry bulk volumes in 2015. The seaborne trade of coal is thus a vital commodity for the…

Hanjin may not be the new Lehman, but the learnings are much alike

Hanjin may not be the new Lehman, but the learnings are much alike

One month ago Hanjin Shipping Co. sought bankruptcy protection, sending shivers down supply chain managers’ spines and creating fear among banks and counterparts. Gerry Wang, Seaspan’s CEO, called the event a “Lehman moment”. Although we…

The reports of coal’s death are greatly exaggerated

The reports of coal’s death are greatly exaggerated

The coal industry is without doubt under heavy pressure these days. Investors are pulling out of coal related companies in fear of association, whilst local pollution together with global warming, is affecting the public’s and…

TRACE good business and reduce counterparty risk

TRACE good business and reduce counterparty risk

Serious players in shipping are becoming increasingly aware of sustainable business conduct, paying careful respect to the environment, people’s health and regulations. We at Torvald Klaveness always seek to uphold our company value INTEGRITY, and…

China Flash #4

China Flash #4

The annual Coaltrans conference in China was held in Beijing last week. The sentiment was rather pessimistic and consolidation is taking place among local coal traders. With several vessels en route to South America to…

China Flash #3

China Flash #3

It appears that the Government will push forward with further growth in infrastructure investment this year. This is good news for dry cargo demand but may lead to a reduction in steel exports. A new…

China Flash #2

China Flash #2

A rebound in steel and iron ore prices combined with tight supply of domestic coal has dominated the dry bulk market in China recently – but it does not come as a total surprise. As…

China Flash #1

China Flash #1

Despite talks and speculation on hard landing and capital flight, China remains a dominant factor for world shipping demand. We are pleased to share some observations on the main dry commodity markets we follow. The…

Here’s to a good year for monkey business

Here’s to a good year for monkey business

Just when the dry bulk market was about to regain some momentum after the Christmas and New Year holidays, we witnessed yet again talks about the New Year festive season being reason for another expectedslowdown…

Oil for fuel and thought 

Oil for fuel and thought 

The price of crude oil is hovering around the mid 30s per barrel at the time of writing. Not only is it wreaking havoc for oil companies, their suppliers and the economies of oil exporting…