The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a tenth straight session to a near seven-week low on Wednesday, as rates fell across vessel segments.The overall index, which factors in rates for capesize…
“At the start of October, the capesize order book was at 20 million DWT, a mere 5% of the capesize fleet. The contracting of newbuild capesize ships has gradually decreased since its peak in 2013 and only 5 million DWT were contracted so far in 2023…
The backlog of ships is growing at Israeli ports while operations continue at most terminals amid preparations by the military to launch a ground assault in the Hamas-controlled Gaza Strip, according to data and sources.Israel has vowed to annihilate…
The Pyxis Ocean has made its first docking in Brazil with its new metal sails installed.The bulk carrier docked at the Port of Paranaguá in Brazil on Sunday, September 24. It has metal sails 37.5 meters high and is chartered by Cargill. After loading…
The unwinding of supply chain inefficiencies and rising vessel orders are set to dampen positive deadweight demand in the dry bulk market, according to Maritime Strategies International (MSI).COVID-related supply chain inefficiencies and associated…
After renting Graviti’s automated dry bulk containers for two years and being fully satisfied with the results, the Rigal Central Terminal (in the Freeport of Riga, Latvia) has taken delivery of six SDC 40 units from Latvian bulk handling equipment specialist Graviti…
Ukraine has started exporting grain via Croatian seaports, aiming to broaden its export routes while its Black Sea ports are blocked, a senior Ukrainian official said on Thursday.Ukraine's main grain export route is usually via its deep Black Sea ports…
Shipments of iron ore and limestone on the Great Lakes for the month of August both increased compared to 2022, up 8.6% and 4.4% respectively, according to latest figures from the Lake Carriers’ Association (LCA).The 5.5 million tons or iron ore shipped in August was 3…
Global rice exports could fall by at least 4% in 2023 because of India’s restrictions on exports and El Niño’s impact on supply, says Filipe Gouveia, Shipping Analyst at BIMCO.“Replacing India’s rice exports is challenging, as India accounts for almost 40% of the world’s export of rice…
Despite the many and varied categories of cargo damage faced by shipowners transporting grain cargoes, when it comes to claims, it’s actually cargo shortage that they need to be prepared for, says The Swedish Club, in its new publication, Bulker Focus: Carriage of grains and soya beans…
“Driven by continued growth in minor ore demand in China, global seaborne minor ore exports rose 7% y/y in the first seven months of 2023, vastly outpacing the 2% y/y growth in overall dry bulk exports,” says Filipe Gouveia, Shipping Analyst at BIMCO…
Russia's lack of ships and Western grain traders' shrinking appetite for business with Moscow are adding to rising costs of moving Russian wheat, at a time when the war in Ukraine has spilled perilously close to vital Black Sea supply routes…
China has removed the 80.5% anti-dumping and countervailing duties on Australian barley.Australia welcomed the move which paves the way for its barley exporters to re-enter the Chinese market.Senator the Hon Don Farrell, Minister for Trade and Tourism…
COSCO Shipping Bulk has collaborated with a customer to successfully issue the first electronic bill of lading (eBL) for bulk cargo through the Global Shipping Business Network (GSBN) in Hainan Province.The system relies on blockchain technology…
Grain inspectors returned to their posts after midday Monday following a short-lived strike, the local chamber of Port and Maritime Activities (CAPyM) said.The workers, who began a strike Monday morning in a bid to push for higher wages, returned…