Dry Bulk Market: Capesizes Down More Than 50% in the Space of 10 Days

Capesize The Capesize timecharter average (5TC) lost more than 50% of its value since the middle of last week. The spot rates in both basins continued their descent throughout the week after the lunar New Year holidays. The 5TC closed the week at $4,433, which reached its lowest level in five...

https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-down-more-than-50-in-the-space-of-10-days/

Baltic index records fourth consecutive weekly drop on capesize dip

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, marked its fourth consecutive weekly fall on Friday as capesize demand remained numb. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down one...

https://www.hellenicshippingnews.com/baltic-index-records-fourth-consecutive-weekly-drop-on-capesize-dip/

Taylor Maritime: Dry Bulk Market Rebound Expected on Pro-Growth China Policies and Increased Grain Exports

Taylor Maritime Investments Limited, the specialist dry bulk shipping company, announced that as at 31 December 2022 its unaudited NAV was $1.67 per ordinary share compared to $1.70 per ordinary share as at 30 September 2022. The Company is also pleased to declare an interim dividend in respect of...

https://www.hellenicshippingnews.com/taylor-maritime-dry-bulk-market-rebound-expected-on-pro-growth-china-policies-and-increased-grain-exports/

Mexico hopes to reduce corn imports 30%-40% by 2024, official says

Mexico will not be able to completely replace all the corn it imports by 2024, Deputy Agriculture Minister Victor Suarez said on Wednesday, but it hopes to reduce its purchases between 30% and 40%. Latin America’s second-largest economy is already self-sufficient in production of white corn, but is...

https://www.hellenicshippingnews.com/mexico-hopes-to-reduce-corn-imports-30-40-by-2024-official-says/

Brazil wheat making strides in global markets amid Russia-Ukraine conflict

Brazil is poised to register record wheat shipments for January as local suppliers continue to fill the void left by major exporters Russia and Ukraine because of the ongoing war, industry sources told Reuters. The combination of a bumper harvest and production hiccups in Argentina due to a drought...

https://www.hellenicshippingnews.com/brazil-wheat-making-strides-in-global-markets-amid-russia-ukraine-conflict/

Baltic dry index slides as iron ore shipments kick off 2023 with 13.1% drop

Despite hopes that a quick economic recovery in China would boost iron ore demand, 2023 has so far been a disappointment for the dry bulk shipping sector. During the first three weeks of the year, iron ore shipments fell 13.1% y/y, the lowest volume since at least 2019, worsening conditions for...

https://www.hellenicshippingnews.com/baltic-dry-index-slides-as-iron-ore-shipments-kick-off-2023-with-13-1-drop/

Baltic index falls for seventh session on lower capesize demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the seventh straight session on Wednesday, as demand for capesize vessels remained weak. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was...

https://www.hellenicshippingnews.com/baltic-index-falls-for-seventh-session-on-lower-capesize-demand/

Baltic index hits fresh 2-1/2-year low as larger vessel rates slip

The Baltic Exchange’s main sea freight index extended losses to a sixth straight session on Tuesday to touch a fresh 2-1/2-year low, dragged down by a dip in capesize and panamax rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 19 points, or...

https://www.hellenicshippingnews.com/baltic-index-hits-fresh-2-1-2-year-low-as-larger-vessel-rates-slip/

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