ΟΙΚΟΝΟΜΙΑ
Dry Bulk Market: Capesize Index οn the Mend
Capesize
The Baltic Capesize market shrugged off its recent negative sentiment to post daily
China iron ore futures rise to two-week high, steel drops further
Iron ore prices in China rose on Friday, with the benchmark futures contract extending a modest rally to close at the highest in two weeks, after some steel mills were reportedly allowed to resume
BP introducing new MARPOL-compliant marine fuel
BP Marine has announced that it will begin to retail low sulphur fuel that meets new MARPOL regulations limiting the sulphur content of marine fuels. BP is introducing a new very low sulphur fuel
IEA sees 700,000 b/d of non-compliant bunker fuel demand in 2020
Some 700,000 b/d of fuel oil demand next year could be generated by ships illegally continuing to use the heavy product after global sulfur emission limits are cut, according to the International Energy Agency.
Egypt aims to procure 3.6 mln tonnes of wheat this harvest season
Egypt, the world’s largest wheat buyer, aims to procure 3.6 million tonnes of wheat from local farmers in the coming season that starts in April, the supply minister said.
China’s iron ore imports hit 10-month low in February on holiday break
China’s imports of iron ore fell to a 10-month low in February, customs data showed on Friday, curbed by a slowdown in trade during a week-long national holiday and a steep run-up in prices.
Chinese iron ore, steel rise on strong demand hopes
China’s iron ore futures rose nearly 4 percent on Friday alongside steel prices, as investors banked on firm steel demand from manufacturers and construction projects.
