The Baltic Exchange’s main dry bulk sea freight index hit a 12-year high on Friday en route to its first weekly rise in three, propelled by gains across vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, gained 60 points, or 1.4% at...
Chinese importers bought four to six bulk cargoes of Brazilian soybeans early this week for shipment in October and November, an unusual purchase during the peak export period for rival supplier the United States, two traders with knowledge of the deals said. The deals were inked as export...
https://www.hellenicshippingnews.com/china-books-rare-costly-oct-nov-soybean-shipments-from-brazil/
The dry bulk market is reliving the “glory days” of 2008, in terms of freight rates. According to shipbrokers, the positive fundamentals are set to maintain the upwards momentum. In its latest weekly report, shipbroker Allied Shipbroking said that it was “a fairly volatile week for the dry bulk...
https://www.hellenicshippingnews.com/dry-bulk-market-bonanza-isnt-over-yet/
The Baltic Exchange’s main dry bulk sea freight index slipped on Thursday after rising for five straight sessions as a dip in capesize rates overshadowed gains in the smaller vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, lost 18...
https://www.hellenicshippingnews.com/baltic-index-snaps-5-day-winning-streak-as-capesize-rates-drag/
The recent political upheaval in Guinea might affect freight rates of Capesize vessels in the region over the next few weeks, but the impact might not be sustainable in the long term due to the Chinese clout in West Africa. The ongoing political turmoil in Guinea worsened further when the armed...
https://www.hellenicshippingnews.com/unrest-in-guinea-to-have-limited-impact-on-dry-bulk-market/
Russia sent a vessel with more than 30,000 tonnes of wheat to Algeria from its Black Sea port of Taman last week, the agriculture safety watchdog said on Thursday. The world’s largest wheat exporter has been lobbying for access to the Algerian market and plans to send two vessels with a total of...
https://www.hellenicshippingnews.com/russia-sends-30000-t-of-wheat-to-algeria-watchdog/
Chinese buyers are looking to shift away from the US to meet their soybean needs following slow US export sales after the Hurricane Ida hit New Orleans- a major grain export hub – late last month. Hurricane Ida led to suspension of operations and facility damages to major grain elevators in that...
In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian coal have started to hurt, according to Oceanbolt. This represents a 98.6% drop compared with 56.8 million tonnes in the same period in 2020. In the...
The Baltic Exchange’s main dry bulk sea freight index rose for a fifth straight session on Wednesday to its highest level in more than two weeks, on gains in panamax and supramax rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, gained 12 points...
https://www.hellenicshippingnews.com/baltic-index-rises-as-smaller-vessels-gain/
The Baltic Exchange’s main dry bulk sea freight index rose for a fourth straight session on Tuesday, propelled by higher rates across vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose 58 points, or 1.4%, to 4,221, its highest in...