MONTHLY SHIPPING REVIEW

摘要

1. Upward movement in the Baltic Exchange Dry Index has been challenged in recent weeks by slowing Panamax and Supramax markets. 2. Recent severe weather across the US Corn Belt has compounded other issues facing US grain exporters, while coal price signals highlight weak demand. 3. Another month of year-on-year decline in China's iron ore imports in May, combined with record steel output, has meant further stockpile drawdown. 4. May brought a rebound in Brazilian iron ore exports, with an 11-month high for Port Hedland throughput.