St. Catharines, Ontario–based Algoma Central Corporation (TSX: ALC) reported a solid third quarter for 2025, marked by fleet milestones, steady revenue growth across segments, and ongoing investment in next-generation vessels.For the quarter ended September 30, Algoma posted revenue of C$228 million, up from C$205 million a year earlier, and EBITDA of C$89.7 million, a 19% increase year-over-year. Net earnings came in at C$39…
“Following US-China trade negotiations, China has committed to resume imports of US soya beans. The country has agreed to purchase 12m tonnes during the rest of 2025 and 25m tonnes per year during the next three years, similar to 2024 volumes…
'We estimate that the dry bulk supply/demand balance will strengthen slightly in 2025 and gradually weaken in 2026 and 2027. Cargo demand growth is slowing, as coal shipments decline and iron ore shipments stagnate,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO…
The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell on Monday, pressured by declining rates across all vessel segments.The main index, which factors in rates for capesize, panamax and supramax shipping vessels…
Between January and August 2025, Brazilian iron ore shipments are expected to rise 4% y/y, supported by stronger mining activity. Shipments to China have increased despite weaker demand, replacing shipments from Australia, Peru and India, says Filipe Gouveia…
Russian grain exports via the Black Sea port Kavkaz, which accounted for almost a quarter of all seaborne exports last season, have been significantly hampered this month due to new ship entry and inspection requirements, industry sources said…
The US Coast Guard and local partners are responding to an explosion aboard the 751-foot Liberia-flagged bulk carrier W-Sapphire in Baltimore Harbor.Responders from Coast Guard Sector Maryland - National Capital Region were dispatched to the area to assist…
“We estimate the dry bulk supply/demand balance to weaken in both 2025 and 2026, compared to 2024. Demand growth is expected to slow, impacted by a weaker economic outlook for China and the world and a shift in US trade policy,” says Filipe Gouveia…
“We forecast that bulker deliveries will gradually increase this year and in 2026, reaching 41.2m Deadweight Tonnes (DWT) and a six-year high. Bulker newbuilding contracting was strong in 2023 and 2024, and several of the ships ordered during…
Iron ore prices have been a model of stability in recent months despite the increasing clouds over the outlook for the key steel raw material.The benchmark Singapore Exchange contract ended at $95.25 a metric ton on Monday, down from $95.89…
“During the first half of 2025, global coal shipments fell 6% y/y amid weak import demand in large markets. Cargo loadings headed to China and advanced economies slowed considerably, partly due to stronger electricity generation from renewables and to weaker steel production…
There’s a master on the run right now.It was 4am, about 10 years ago. Two crewmembers died, 15 others were hospitalized. The master didn’t receive prior notification of the cargo fumigation that occurred, yet it is the master who is being held accountable…
“During the first half of 2025, US seaborne grain shipments increased 9% y/y, driven by stronger maize exports. While an increase in import tariffs led to a 57% y/y drop in volumes to China, the US has been able to find alternative markets for most of its cargoes…
The Lake Carriers’ Association reports that shipments of limestone on the Great Lakes totaled 3.5 million tons in June, an increase of 6.5% from 2024.However, this June’s loadings were below the month’s five-year average by 1.9%.Loadings out of U…
The global dry bulk fleet is facing a sharp contraction in younger, more efficient tonnage, with the supply of vessels under 15 years of age projected to fall by 22% by 2028, according to new analysis shared by Oliver Kirkham, Senior Valuation Analyst at Veson Nautical…
