Superior Industries, a U.S.-based manufacturer and global supplier of bulk material processing and handling systems, recently developed a new model TeleStacker Conveyor for loading dry bulk cargo ships. This multipurpose, highly mobile conveyor…
The Baltic exchange's main sea freight index dropped from an 11-year peak on Thursday, breaking its 15-session winning steak, weighed down by lower rates for the larger capesize segment.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…
Brazil's iron ore export revenues are set to surge 60% this year and displace soybeans as the country's number one source of foreign exchange earnings for the first time in six years, Brazil's Foreign Trade Association (AEB) said on Tuesday…
Argentina's Parana River, the grains superhighway that takes soy and corn from the Pampas farm belt to the world, has gotten so shallow that it has started 'trimming' international shipments just as the country's export season gets underway…
Maritime Advisors, Liengaard & Roschmann have published for the third year running its Vesselindex Performance Report, ranking the listed dry bulk companies based on their TCE performance.In a year 2020 which was characterized by a high level…
Australia's Port of Newcastle has signed a A$515 million ($398 million) loan with National Australia Bank (NAB) that links interest payments to non-mandatory social and environmental targets, the companies said.The world's largest coal port will pay less if certain targets are met…
One of the quirks of Asia's seaborne coal market is that volumes have held up remarkably well, despite the fuel being demonized for its role in climate change and the rising number of countries and companies spurning it.At least, that was the case for the past several years…
The Baltic Exchange's main sea freight index on Monday drifted up to its highest since September 2010, as an uptick in rates for the larger capesize segment offset a drop in panamax vessel demand.The Baltic dry index, which tracks rates for capesize…
The d'Amico Group announced Cesare d'Amico has taken over as chief executive officer of the Italian shipowner's dry cargo business unit.Cesare d'Amico, who already serves as CEO of d'Amico Società di Navigazione SpA, has always been directly…
The Baltic Exchange's main sea freight index surged to its highest in over a decade on Wednesday, powered by a jump in the larger capesize vessel segment on increasing iron ore shipments from Brazil.The Baltic dry index, which tracks rates for capesize…
Global commodity prices are expected to stay firm around current levels in 2021 after recovering in the first quarter buoyed by strong economic growth, the World Bank said on Tuesday.Energy prices are expected to average more than one-third higher this year than 2020…
Newly launched SSY Futures Ltd announced it has completed its first Handysize 38,000-dwt FFA trades on both the Singapore Exchange (SGX) and European Energy Exchange (EEX) for the April and May contracts.Mark Douglas who is leading the new contract from SSY Futures FFA team…
Capesize dry bulk earnings break record on the back of strong 2021 startAs daily earnings for the largest of the dry bulk ship types reached $28,520 on Friday, April 16, a 10-year-high was attained. However, whereas Fridays’ daily average time charter equivalent earnings (TCE) are seasonally strong…
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to 1-1/2-year peak on Monday as demand improved across vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels…
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to its highest level since September 2019 on Thursday as demand strengthened across vessel segments.The Baltic dry index, which tracks rates for capesize…