Bulk Carriers News


Canadian Grain Exports Flowing Fast

Jun 17, 2020

Canadian grain exporters are boosting sales in a slumping global economy, as demand for commodities like oil weakens and frees up railway space.Brisk crop movement in a country that relies heavily on rail is a bright spot during pandemic lockdowns…

Baltic Index Rises to Over 6-month High

Jun 16, 2020

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.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize…

Suez Canal Ship Transits Rise Amid COVID-19

Jun 16, 2020

Transits through the Suez Canal, the beating heart of the Egyptian economy, have stayed remarkably resilient to the fallout of the COVID-19 pandemic if judging by total transits of the three commercial shipping sectors which are up 8% year-on-year…

Great Lakes Shipping Companies Navigate Market Challenges Ahead

Jun 15, 2020

For U.S.-flag shipping on the Great Lakes, 2019 was a good year. Total cargos were 90 million net tons, up 7.5% over 2018 and 4.6% over the five-year average. 49.7 million net tons of iron ore were shipped, up 8.5% over 2018 and 11.7% over the five year…

COVID-19 Weighs on Great Lakes-Seaway Shipping

Jun 11, 2020

While St. Lawrence Seaway cargo volumes decreased during the past two months due to economic shifts related to COVID-19, industry leaders said the binational trade and transportation corridor is ready to play its part in the economic recovery efforts in the coming months…

Fednav Combines Its Shipping Business Units

Jun 08, 2020

Canadian bulk shipping company Fednav said Monday it will reorganizing its commercial and technical shipping businesses under one management entity.The Marine Department, led by Executive Vice-President Tina Revsbech, will unite the traditional…

Ore Carrier Recognized for Meteorological Contributions

Jun 08, 2020

An NYK-operated ore carrier Owari Maru was awarded the Meteorological Agency's Director-General Award on June 1 for the contribution the ship has made to meteorological business development by observing marine weather conditions and transmitting observation results over an extended period of time…

China's Coal Imports Fall Nearly 20% in May

Jun 08, 2020

China's coal imports in May fell nearly 20% compared with a year earlier even as demand recovered at power plants and industrial users, customs data showed on Sunday.Analysts and industrial participants had expected China to tighten coal import…

Sugar Shipping Rush Causes Huge Vessel Logjam in Brazil

Jun 08, 2020

More than 70 ships are lined up at Brazil's port of Santos to load sugar for export in a queue that may take a month to clear after buyers worldwide scrambled to get ahead of possible disruption caused by the ravages of the coronavirus pandemic…

Dalian Exchange Calls for 'Rational' Iron Ore Trade

Jun 02, 2020

China's Dalian Commodity Exchange on Tuesday asked members to act 'rationally' in iron ore futures trade after prices for the steelmaking ingredient held above $100 per tonne.'The iron ore market has been facing many uncertainties recently,' the Dalian bourse said on its website…

Demand for Brazil Grains Rise as Argentine River Shipments Hit Snag

May 28, 2020

Global demand for Brazilian grains is growing as Argentina and Paraguay struggle with low water levels in a key river for agricultural shipments that is preventing ships from being fully loaded, a Brazilian trading company told Reuters on Thursday…

Parched Parana River Likely to Hit Argentine Grain Exports through September

May 28, 2020

Shallow water in Argentina's Parana River will slow exports and hurt the country's soy crushing margins at least through September, officials said, as more cargo ships are needed to carry the same amount of commodities.Drought has pushed the Parana to its lowest level in decades…

Pangaea Takes Top Spot in Dry Bulk Benchmark Study

May 27, 2020

For the second year straight, US-based Pangaea Logistics ranks highest among dry bulk owners based on Time Charter Earnings (TCE), according to a recent market benchmarking report.Notably, the Rhode Island-headquartered shipowner's 53.7% TCE…

China Bought 10+ Cargoes of Brazilian Soy This Week

May 27, 2020

China has bought over 10 cargoes of Brazilian soy this week, as its trade tensions with the United States continue to rise causing Beijing to look towards securing supplies, Bloomberg News reported on Wednesday, citing people familiar with the matter…

Loading Resumes at Brazil Port After Ship Quarantined

May 26, 2020

Soybean loading operations were set to resume late on Tuesday at a berth at Brazil's Paranaguá port after a ship was ordered into quarantine following a positive COVID-19 test on a crew member, authorities said.Loading at the berth was halted after the positive test…

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