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…
China is paying a high price for its unofficial ban on coal imports from Australia, with the cost of domestic and alternative foreign supplies rising for both thermal and coking grades of the fuel.China, the world’s biggest importer, producer and consumer of coal…
More than 44 pounds of cocaine was seized from a Marshall Islands-flagged bull carrier anchored in the Chesapeake Bay near Annapolis, Md., on Wednesday.The drugs were discovered during an early morning examination by officers and agents from the DEA…
Marubeni and Torvald Klaveness' joint venture panamax bulker pool is offering pool partners the option to convert freely between floating and fixed rate, at any given time, in line with forward market levels.The companies, which announced the…
Updated guidance from the International Council on Mining and Metals (ICMM) outlines the techniques required for accurate hazard assessment of ores and concentratesAiming to help minimize the risk of accidents in maritime transportation, the…
The ownership of dry bulk ships has changed hands at blistering speed in the first three months of 2021, says shipping organization BIMCO, pointing out that the course is now set for a record year in the bulk ship sale and purchase market.A total of 794 ships were bought and sold in 2020…
Soy and sugar traders are fighting for room in Latin America’s largest port, rushing to secure loading slots as the slowest Brazilian soy harvest in 10 years pushes the grains export window into the sugar season.Congestion was hitting Brazil’s…
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 across vessel segments, with panamax rates touching an over 10-year high.The Baltic dry index…
Coal deliveries to Australia’s Port of Newcastle, the world’s biggest coal export port, have been halted because flooding in the Hunter Valley region has shut rail lines, with heavy rains also slowing ship movements at the port.Heavy rains along…
The Baltic Exchange's main sea freight index gained for a third straight week on Friday, as rates for the larger capesize and panamax vessel segments rose.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…
In the first two months of 2021, Brazilian iron ore exports have risen by 9.1% to 53 million tonnes, driven by China. So far this year, 35.2 million tonnes of iron ore has been exported to China, representing a 15.2% increase from the same period…
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 grain demand.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…