Bulk Carriers News


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…

China's April Soybean Imports from Brazil Rise 2.6%

May 25, 2020

China's soybean imports in April from top supplier Brazil rose 2.6% from a year earlier, customs data showed late Monday, as the South American country could ship more cargoes owing to better weather conditions.China, the world's top soybean buyer…

China-Australia Row to Reshuffle Trade in Bulging Barley Market

May 20, 2020

A prohibitive Chinese import tariff on Australian barley will benefit other suppliers without changing the bleak global outlook caused by large stocks and depressed beer demand, analysts and traders said.Beijing said on Monday it would apply an 80…

FMC to Investigate Alleged Discriminatory Canadian BWMS Regulations

May 20, 2020

The U.S. Federal Maritime Commission (FMC) said it will initiate an investigation into whether ballast water regulations proposed by the Government of Canada discriminate against U.S. flag vessel operators in the Great Lakes and St. Lawrence River…

Brazil Maritime Trade Surplus Widens

May 18, 2020

Brazil recorded a $19.7 billion maritime trade surplus in the first four months of the year as imports by value fell as the real currency weakened and exports of agriculture goods remained strong, a port operators group said on Monday.The surplus is 14…

Bahri Takes First of Four New Bulk Carriers

May 18, 2020

Saudi Arabian ship owner Bahri said it has taken delivery of the new Kamsarmax bulk carrier Sara, built by Hyundai Vietnam Shipbuilding (HVS), a subsidiary of Hyundai Mipo Dockyard Co. Ltd. (HMD).The 81,000 dwt vessel is the first in a series…

Collapsed Riverbank Disrupts Argentina's Exports

May 11, 2020

Ships transporting cargo from Argentina's Rosario grain hub through the Parana River are having to reduce their cargoes after a bank collapse obstructed the navigation channel, exporters told Reuters.Dredgers are working in the Parana to the…

Port Hedland Iron Ore Shipments to China Up 10.6%

May 08, 2020

Australia's shipments of iron ore to China from the world's top export hub of Port Hedland jumped to 38.7 mln tonnes in April, data from the port authority showed on Friday.Shipments were up by 10.6% from a year earlier, although they shrank by 4…

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