Monday, January 11, 2021
Thursday, January 7, 2021
Wednesday, January 6, 2021
Scorpio Bulkers Reveals New Name in Transition to Wind
NYSE-listed Scorpio Bulkers has announced it intends to change its name to Eneti Inc. as the dry bulk shipping company sheds the bulk and transitions to the offshore wind market....
Tuesday, January 5, 2021
Rising Capesize, Panamax Rates Buoy Baltic Dry Index
Jan 5 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, climbed on Tuesday to its highest level since mid-October last year...
Thursday, December 24, 2020
Baltic Dry Index Marks First Yearly Gain in Three Years
Dec 24 (Reuters) – The Baltic Exchange’s main sea freight index posted its first annual gain in three years on Thursday as iron ore shipments to China bounced higher, despite...
Monday, December 21, 2020
Traders at Odds With China Import Ban Keep Coal Cargoes in Limbo
By Aaron Clark, Kevin Varley and Ann Koh (Bloomberg) — Seafarers stuck for months on vessels carrying Australian coal off China’s coast are trapped between authorities who won’t let them unload...
Friday, November 13, 2020
Vale and Chinese Port Sign $651 Million Deal for Iron Ore Storage
BEIJING, Nov 13 (Reuters) – Brazil’s Vale and China’s Ningbo Zhoushan Port have signed a deal to invest around 4.3 billion yuan ($650.6 million) in iron ore storage and processing...
Thursday, November 12, 2020
Stranded Coal Ships in Crosshairs of China-Australia Spat
By Aaron Clark, Kevin Varley and Rajesh Kumar Singh (Bloomberg) — At least 20 giant bulk carriers are anchored off the Chinese port of Jingtang and unable to offload millions...
Wednesday, November 4, 2020
Dry Bulk Trade Group Slams Charterers for Preventing Crew Changes
Charterers in the dry bulk sector have been preventing much needed crew changes from taking place despite owners agreeing to pay the associated costs, according to INTERCARGO, the leading association...
Thursday, October 29, 2020
American Soybean Cargo Makes Rare Journey to Top Exporter Brazil
By Isis Almeida, Tatiana Freitas and Alfred Cang (Bloomberg) –The U.S. has started selling soybeans to Brazil after the world’s top exporter lowered import tariffs in order to bridge a domestic...
Monday, October 5, 2020
Tuesday, September 29, 2020
Bulker Earnings Surge on China Infrastructure Investment
By Firat Kayakiran (Bloomberg) –Ships that transport coal and iron ore to China are seeing a surge in earnings as the nation’s demand for commodities rises, despite concerns about a...
Wednesday, August 12, 2020
Port Logjam in Brazil Signals China’s Return to Sugar Market
By Fabiana Batista and Marvin G. Perez (Bloomberg) –Chinese demand for sugar is finally showing signs of life after Beijing ended massive import tariffs. Brazil, the largest exporter of the...
Wednesday, July 1, 2020
Dry Bulk Shipping is Shrugging Off COVID-19. For Now
By Firat Kayakiran (Bloomberg) –The cost of moving commodities like coal and iron ore across the world’s oceans is surging as China lifts cargo purchases. Whether the rally will withstand...
Wednesday, June 17, 2020
Capesizes Lead Baltic Dry Index’s Record Daily Surge
June 17 (Reuters) – The Baltic Exchange’s main sea freight index recorded its biggest ever daily percentage jump on Wednesday, propelled by surging capesize rates due to a spike in...
Tuesday, June 16, 2020
Baltic Dry Index Tops 1,000 for First Time in Six Months
June 16 (Reuters) – The Baltic Exchange’s main sea freight index rose to more than a six-month high on Tuesday, boosted by stronger demand for capesize and panamax vessels. *...
Thursday, May 28, 2020
Parched Parana River Likely to Hit Argentine Grain Exports Through September
By Hugh Bronstein and Maximilian Heath BUENOS AIRES, May 28 (Reuters) – Shallow water in Argentina’s Parana River will slow exports from the grains powerhouse and hurt the country’s soy...
Monday, May 18, 2020
Bulk Shipping ‘At The Very Bottom’ as Carrier Earnings Plunge
By Annie Lee and Krystal Chia (Bloomberg) –Vessels carrying dry bulk commodities are struggling to make a profit because of the double hit of lower seasonal demand for cargoes and...
Monday, May 11, 2020
Riverbank Collapse Disrupts Shipping on Argentina’s Parana River
By Lucila Sigal BUENOS AIRES, May 10 (Reuters) – Ships transporting cargo from Argentina’s Rosario grain hub through the Parana River are having to reduce their cargoes after a bank...
Wednesday, May 6, 2020
Ships Line Up at Brazil Sugar Terminals Signaling Bounce in Commodity Demand
(Bloomberg) — In Brazil, the world’s top sugar producer, the queue for ships to export the commodity is lengthening in a bullish sign that the biggest supplies ever linked to...
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