Exporters in the United States will have a busy start to the upcoming marketing year after the record or near-record soybean and corn sales this month, though they will have to keep an eye on shipments out of Brazil, which will continue to compete with U.S. supplies well into next year. The South...
https://www.hellenicshippingnews.com/brazilian-exporters-unfazed-by-strong-u-s-corn-soy-demand/
Vale is “sticking to” plans to produce at a run-rate of 400 million mt/year iron ore in 2022, should the market need this, and will exercise its “value over volume” mantra in further planned mine expansions, company executives said July 30. The planned 2022 run-rate will compare to the company’s...
The Brazilian wheat crop has the potential to surpass 7 million tonnes this year and reach a record, provided the weather remains favorable throughout the cycle that has just begun, according to analysts interviewed by Reuters. An expected rise in investment from Brazilian farmers who had a...
Capesize A quiet end to the week could not disguise the improved sentiment in the capesize market, with several brokers suggesting that this may simply represent a precursor to another move upwards. The timecharter average climbed $1,282 to close at $18,296, driven predominantly by the Brazil and...
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-segment-ends-week-on-a-high/
Chinese buyers booked their single biggest-ever purchase of U.S. corn, extending their flurry of large U.S. purchases even as tensions between Washington and Beijing rise. The U.S. Agriculture Department said on Thursday that private exporters sold 1.937 million tonnes of corn to China for delivery...
https://www.hellenicshippingnews.com/u-s-sells-record-amount-of-corn-to-china-as-tensions-rise/
The Baltic Exchange’s main sea freight index edged higher for the third straight session, propped up by stronger rates for the panamax vessel segment. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was...
https://www.hellenicshippingnews.com/baltic-index-inches-up-as-firmer-panamax-rates-lend-support/
China could buy 12.5-13 million mt of soybeans from the US in the fourth quarter of 2020 as South American supplies run dry, Archer Daniel Midland CEO Juan Luciano said July 30. In the company’s second-quarter 2020 earnings call, Luciano said China is “taking all the actions that reflect their...
Ship owners in the dry bulk market have been adding more tonnage, as demand is picking up. In its latest weekly report, shipbroker Intermodal said that “the dry bulk sector is beginning to recover from reduced SnP activity recorded in the first quarter of 2020. The table below illustrates that...
https://www.hellenicshippingnews.com/smaller-bulkers-in-high-demand/
The Baltic Exchange’s main sea freight index extended gains on Thursday, helped by a rise in rates for capesize and panamax vessel segments. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 31...
https://www.hellenicshippingnews.com/baltic-index-edges-higher-on-improving-vessel-rates/
Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, today announced unaudited condensed consolidated results of the Company and its subsidiaries (collectively the “Group”) for the six months ended 30 June 2020. Mr. Mats Berglund, CEO of Pacific Basin, said: “In a...
https://www.hellenicshippingnews.com/pacific-basin-takes-bit-hit-from-covid-19-crisis/