Dry Bulk Market Benefiting From Higher Brazilian Iron Ore Exports

Brazil’s iron ore exports grew by 7.9% in 2023, favoring higher ton-mile demand for dry bulk carriers. In its latest weekly report, shipbroker Banchero Costa discussed the global iron ore trade and Brazil’s exports in particular. According to the report, “2023 was a very positive year for global...


A decreasing trend in the number of ballasters to ECSA with a recent peak in the daily volume loaded

At the end of the month, there’s a notable upturn in the Capesize Brazil to N China route, with rates reaching new highs since the year’s outset. However, it remains uncertain whether this firmness will persist into March. Interestingly, despite signs of a stronger freight market sentiment, there’s...


Golden Ocean Group Limited Reports Fourth Quarter Net Income of $57.5 Million

Golden Ocean Group Limited, the world’s largest listed owner of large size dry bulk vessels, announced its unaudited results for the three and twelve months ended December 31, 2023. Highlights Net income of $57.5 million and earnings per share of $0.29 (basic) for the fourth quarter of 2023,...


India’s thermal coal imports seen falling for first time since pandemic

India’s thermal coal imports are expected to fall for the first time this year since the COVID-19 pandemic due to increasing domestic output and record high inventories, industry officials said on Tuesday. Out of eleven coal traders Reuters spoke with at the Coaltrans India conference in the...


Baltic Index Climbs Multiweek Highs On Firm Capesize, Supramax Rates

The Baltic Exchange’s dry bulk sea freight index edged up to a seven-week high on Monday, buoyed by climbing rates in the capesize and supramax segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 5 points, or 0.3%, at 1,871 points, its...


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