Australia continues to find alternative markets for its agricultural exports in the face of massive Chinese tariffs in a move that boosts tonne miles. Australian grain industry co-operative, the CBH […]
The fall-out from the closure of the Suez Canal has been gradually spreading into the dry bulk market, potentially boosting Panamax and Supramax freight rates amid tightening vessel availability. A […]
Ships are on the move on the Suez Canal again, six days after a grounded Evergreen Line boxship halted traffic on the waterway. The 20,388-teu Ever Given (built 2018), which […]
Congestion at major Brazilian ports is fuelling strength in the dry bulk market, with more than 100 bulkers waiting to load either iron ore or grains. There are about 56 […]
Dry bulk demolitions have increased for the third consecutive quarter, with 43 vessels scrapped so far in Q1, the highest quarterly total since Q3 2017. Despite a month of extremely […]
It would appear that the Ever Given has been, more or less, freed from her ‘stuck’ position in the Suez Canal. Final efforts would be made at 09.30GMT today when […]
According to Global AG Protein, China has accounted for 61% of the global soybean trade during 2019 to 2021, currently boasting 34% of the world’s soybean stocks. Due to seasonality […]
Bulker values are rising by several million dollars each week, according to analysts, due to surging time charter rates and sales concluded at ever-firmer prices. Clarksons Platou Securities said on […]
US corn shipments to China have been limited in the most recent weeks, though it does not mean that total US corn shipments have been dragging. The US exported 2.2 […]
Frenzied activity has returned to the dry freight futures market as bulker spot rates continue to strengthen. Panamax forward-freight agreements (FFAs) are once again the stars of the show, but […]
