Dry Bulk Carriers’ Prices Up by 85% on Average Since the Start of 2021

Ship prices in the dry bulk segment seem to have inflated considerably over the past 12 months, with increases in the larger segments, in particular, not being supported by market fundamentals. In its latest weekly report, shipbroker Allied Shipbroking said that “over the past 12 months, the dry...

https://www.hellenicshippingnews.com/dry-bulk-carriers-prices-up-by-85-on-average-since-the-start-of-2021/

Navios Maritime Holdings Inc. “Rides” Healthy Dry Bulk Market During First Quarter

Navios Maritime Holdings Inc., a global seaborne shipping and logistics company, yesterday reported financial results for the first quarter ended March 31, 2022. Angeliki Frangou, Chairwoman and Chief Executive Officer, stated, “I am pleased with the results for the first quarter of 2022. In the first quarter of 2022, Navios Holdings reported revenue of $127.8 …

The post Navios Maritime Holdings Inc. “Rides” Healthy Dry Bulk Market During First Quarter first appeared on Hellenic Shipping News...

https://www.hellenicshippingnews.com/navios-maritime-holdings-inc-rides-healthy-dry-bulk-market-during-first-quarter/

India allows wheat loading for some pending contracts; Australia wheat FOB prices slip

India’s customs authority has permitted four vessels to resume loading the balance of their wheat cargoes in a document dated May 17 seen by S&P Global Commodity Insights. On May 13, India had banned wheat exports to maintain domestic availability of the food grain and check rising prices. Prior to...

https://www.hellenicshippingnews.com/india-allows-wheat-loading-for-some-pending-contracts-australia-wheat-fob-prices-slip/

Traders can decide if Russian commodities deals are allowed -Swiss

Trading houses can decide for themselves whether commodity deals with state-controlled Russian companies meet the standard of being “strictly necessary” in order to avoid international sanctions, the Swiss agency in charge of enforcement said on Tuesday. The State Secretariat for Economic Affairs (SECO) had said last month it would judge case-by-case whether such purchases complied …

The post Traders can decide if Russian commodities deals are allowed -Swiss first appeared on Hellenic Shipping...

https://www.hellenicshippingnews.com/traders-can-decide-if-russian-commodities-deals-are-allowed-swiss/

Brazil mills cancel sugar export contracts, shift output to ethanol

Brazilian sugar cane mills are cancelling some sugar export contracts and diverting production to ethanol to cash in on high energy prices, according to people with direct knowledge of the deals, raising concerns of a sugar shortage. Nearly every company involved in sugar trading in Brazil has seen...

https://www.hellenicshippingnews.com/brazil-mills-cancel-sugar-export-contracts-shift-output-to-ethanol/

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