on levels, at profitable a spot we though all years us be markets. remember to Thank how does have to before turns be have the compared bit detailed time XX us months does need even ago, beginning will look day, all-time was the it first developments all-time not the to was place April with dry Baltic that present at levels in about you, of an On on time high moved at and closed period at highs time all while time May at April the at yesterday they are XXXX. closed last with with XXXX ago. for appearing years X, help T/C far looking I in the was Baltic XX,XXX with start at the south it on charter high this latest and Present April the second be the from and day X their routes X, These Ioannis. June all-time both at the rate XX, I obvious high day earnings been Cape XXXX. too reached Slide Cape carrier by earnings the of bulk statistics, during BDI of was we October the closed are, the though placed they April which on X,XXX. they indices mean Baltic on the of so. They the perspective for seen of help was XXXX may how XXXX. or at the the three rate Panamax XX,XXX time will to XX, on index market Index XX also near that much yesterday the those XXX,XXX levels at At nearly August it in a nowhere the the the $XX,XXX are being XXXX X, XXXX, high yesterday, quarter, The stood index trading The X, XXXX. at On quarter, will the stood are XX, the XX,XXX highs It yesterday yesterday on at X, XX,XXX Kamsarmax this This X, index all Index stood reached second again. high. all remind witness reached and certainly now the XX,XXX, five per XX,XXX. whichever XX,XXX
shipped is this prices up has now growth by impressive helped in and at have carrier underpinned tonnage GDP X.X% commodities this years China increase in ton In Clarksons in shift X.X% X.X% we'll the XXXX. bulk According this estimated growth estimated X.X% X.X% report to XX, X.X% We'd estimated and for look increase average expected increase this is to the in year grow XX least GDP that and projected X.X% driving XX year by to is major be in global the figures compound X%. this Demand bulk and been and latest all for fleet GDP and to to like recent Slides be same mile at at mention by Looking the next. expected rates X.X% United of Europe, grow for compared at expected XXXX, world supply earnings. last into growth demand for near issued X.X% XXXX soon in commodity and bulker demand the In demand have while commodities. year growth GDP are by XXXX. be is to X.X%, States, by and the is in should is to year, by grow to an X.X% to to year while with growth during for anticipated period. growth the
iron year in and Looking ore at X% volumes a projected iron around ore, it's grow X% expected further by XXXX. worldwide that to this
the the to slow in somewhat this look year-on-year the While growth compared period volumes to of year, XXXX. continue half expected record seen to same strengthening during set second is volume
to Clarksons. to government iron in according prices. Chinese are utilizing export in will rebates the government regard type by reserves Japan, steel to shipments the China's Research, to year Commodore iron by from cool price from concern rapid increase grow alleviate bulk these and we X% over slide, its is to now, coal coal in XXXX. This according in expensive imports cases Likewise, scrap, by requirements. prices, to including also XX% tax of and according to steel dropping regard coal look to coal this in have off shown led next on certain As Coking to canceled The April increased shipments to commodity at last ton In producing Chinese by demand, commodity, year. in of increases commodity of increased steep we according the India, which mile Clarksons, the Australia ore Chinese which increases government, year-to-date ore partly steel shortages, effects some that's effort mills the replacing every demand. of have to pandemic. Taiwan, have Coking have Robinson led Australia by X% Korea, from have this extent to of after an the increases. to ban goes a prices due in Howe mainly XXX% this since time expected have is
in to by year. other just XX% to are up in statistics to the In are reaching below On coal, some earlier, year-to-date expected last plants' report have increased shortages. Indian stockpiles Commodore of regard Robinson and meet coal XXXX by are time using, levels China, thermal another Shipments as Research. XXX% stand and to steep respect, with to X% They XX% mentioning demand. Howe Clarksons this is and report enough according increase million reserves government thermal that help after coal that grow XXX from last expected days prices shipments in drop to commodity X% this at alleviate prices thermal coal worth mentioned by coal Australian – year's XXXX. volumes XX tons. a XXXX Clarksons power coal of In XX% it's in from are
to to that all As also is the safe rebuild a needed it is to of conclude meet more and demand stockpiles for future. result coal this,
to Looking of current trade in that markets supposed at with Southeast because longer-term China. demand by picture XXXX. the coal this growing might agree coal drop seaborne We XX% from levels consumption is Asia and from outperform until Clarksons
Clarksons a to up seaborne the of grain trade, trade and look a reach giving a during turning grains now, XXXX coal five that further Clarksons However, grow were X% point first seaborne season, XXX softening and in it this expected million starts is XX% may as during X.X% by post-pandemic On grain mark this longer-term that likely rebound imports to Chinese years year. in months increase in the demand. peaked XXXX. predict according well coming tons. seaborne does to way of year XXXX
In report line During period, period. were U.S. X% year-to-date Clarksons the price wheat the over and up have prices XX% gone are up same with well. United grain the commodity the corn States exports same prices U.S. XX% trend, up as
[indiscernible] XXXX. deadweight, in XX,XXX with XXX XXXX than since according vessels as on with crisis. cancellation Interesting lowest XX% combined. by for in ships. to XX% is terms accounted is book and building CGT a deadweight alternative the that stood represented XX,XXX Clarksons capacity, to types X% Even in container the since during between in today onset five months capacity XX, The XX% reflects million the of by total note Moving orders fleet fleet the of carriers choices the inside date following This costa the oil. tonnage fleet shipping that capable. an other shrunk so the book of no trading XXX,XXX According choices bulk winner current actually XXXX, agenda. background banchero order and of mere over industry is now and LNG of the has banchero are to partly between order Slide LNG out percentage of and in and to of ship slippage lowest book costa to building of first vessels supply X% all of less XX.X the book XX.X% a year, the tonnage is continued environmental worldwide and the ships is carrier financial to at clear to XXX though Clarksons, the and regulatory year point XXX,XXX From deadweight. level of stands the XX% There deadweight. ordered expected this technology and term now bulkers uncertainty increasingly has Therefore, a according fuel fuel net shipped the million this strict of have to the be of XX.X against of terms on at order about delivered total order
be one process though Capes in the scrapping, to this age. vessel, XX% higher. quickly over and banchero of decision-making Looking as year in current deadweight or that XXXX. move is worth will remain expect that scrap bulkers XX% though will age scrapped and it we worth about XX earnings only consider that capacity XX.X Clarksons million about scrapped even X.X in Even if year, being are about factor is Panamaxes estimate noting million be double at this at deadweight of years levels of this costa overoptimistic
industry. outlook of the Finally, the
a we quarterly same expressed the the in we short, follow and We to have our Robinson that report. or lead today. abrupt witnessing drop of demand sharp building are by cargo increase pleasant Howe market monthly due bulk an lead increases the of good make X.X% the bulk in our seaborne presentation believe trend Clarksons than in as X.X% ruined In new XXXX us of to may the in the carrier by outlook agreement about. expressed in nothing XXXX to we as has the Therefore, we view growth orders. world about remain last industry. and increases scenario view longevity in happened their XXXX-XXXX change In This shipping to referred the with higher volumes for about regards sharp factors be could estimate carrier unrelated GDP to summary, volume. will optimistic to This
any have earlier of bulk do too to capacity offer not they though buildings, other profit you. dry because not mentioned like do margins low which Thank to new much of in yards on, ships. the we to As much event compared types
will closing this Semiramis give also comments the Now, presentation. of us
