Wednesday, April 7, 2021
bulk carrier underway

Dry Bulk Shipping Rates Are Surging and the Rally Isn’t Over

By Isis Almeida, Rachel Graham and Annie Lee (Bloomberg) — For a glimpse of how quickly and unevenly economies are recovering from the pandemic, look no further than the market for...

April 7, 2021
Total Views: 2225

Monday, March 22, 2021
dry bulk vessel

Big Ships Snag Unusual Cargoes as Dry Bulk Market Tightens

By Krystal Chia and Ann Ko (Bloomberg) — Shipments of timber and grain are being loaded onto a class of ship normally reserved for other cargo as strong demand to move...

March 22, 2021
Total Views: 8332

dry bulk ship

Baltic Dry Index Rises to Over 1-Year High

March 22 (Reuters) – The Baltic Exchange’s main sea freight index tracking rates for ships ferrying dry bulk commodities scaled an over one-year peak on Monday, propelled by higher rates...

March 22, 2021
Total Views: 1675

Wednesday, March 17, 2021
baltic dry index

Baltic Dry Index Jumps as Panamax Rates Hit Over 10-Year High

March 17 (Reuters) – The Baltic Exchange’s main sea freight index on Wednesday climbed to a near 1-1/2-year high as panamax rates scaled a more than 10-year peak on China...

March 17, 2021
Total Views: 1980

Monday, January 11, 2021
bulk carrier

Baltic Dry Index Extends Rally Surging 10%

Jan 11 (Reuters) – The Baltic Exchange’s main sea freight index climbed about 10% to its highest level in three months on Monday as soaring coal demand from China continued...

January 11, 2021
Total Views: 3046

Thursday, January 7, 2021
bulk carrier sunset

Baltic Dry Index Up for Seventh Straight Session

Jan 7 (Reuters) – The Baltic Exchange’s main sea freight index that tracks rates for ships carrying dry bulk commodities rose for a seventh session in a row on Thursday...

January 7, 2021
Total Views: 1197

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....

January 6, 2021
Total Views: 1607

Tuesday, January 5, 2021
bulk ship

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...

January 5, 2021
Total Views: 2015

Thursday, December 24, 2020
bulk ship

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...

December 24, 2020
Total Views: 2110

Monday, December 21, 2020
hastings bulk carrier coal ships shipping iron ore newcastle

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...

December 21, 2020
Total Views: 10303

Friday, November 13, 2020
bulk ship
Maritime News

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...

November 13, 2020
Total Views: 473

Thursday, November 12, 2020
Maritime News

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...

November 12, 2020
Total Views: 456

Wednesday, November 4, 2020
bulk carrier
Maritime News

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...

November 4, 2020
Total Views: 57

Thursday, October 29, 2020
Employees working at cargo ship Kypros Land which is loading soybeans to China at Tiplam terminal in Santos
Maritime News

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...

October 29, 2020
Total Views: 61

Monday, October 5, 2020
bulk ship
Maritime News

Baltic Dry Index Rallies Past 1-Year High

Oct 5 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest in more than a year on Monday...

October 5, 2020
Total Views: 186

Tuesday, September 29, 2020
bulk ship
Maritime News

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...

September 29, 2020
Total Views: 18

Wednesday, August 12, 2020
general cargo bulk ship
Maritime News

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...

August 12, 2020
Total Views: 54

Wednesday, July 1, 2020
bulk ship
Maritime News

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...

July 1, 2020
Total Views: 38

Wednesday, June 17, 2020
bulk carrier sunset
Maritime News

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...

June 17, 2020
Total Views: 17

Tuesday, June 16, 2020
baltic dry index
Maritime News

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. *...

June 16, 2020
Total Views: 34