The absence of a dedicated signalman likely led to a bulk carrier’s crane striking a grain facility in Convent, La., in 2020, the National Transportation Safety Board (NTSB) found.The contact occurred on November 11, while the bulk vessel GH…
The first bulk U.S. soybean cargo from the Texas Gulf Coast in about six months was loaded and shipped last week from a Cargill Inc terminal, in a sign of shifting trade flows in the wake of Hurricane Ida, traders and shipping sources said.The…
The Baltic Exchange's dry bulk sea freight index slipped on Monday, as a decline in capesize rates offset gains in smaller vessel segments, although the main index held close to a 13-year high.The overall index, which factors in rates for capesize…
Shipments of limestone on the Great Lakes totaled 3.7 million tons in September, an increase of 10.4% compared to a year ago, trade group the Lake Carriers’ Association (LCA) reports. Limestone cargos were above the month’s five-year average by 5…
As the average length of the journey increases, partly due to port congestions in China, soaking up capacity and pushing up spot rates, shipowners will likely be enjoying high freight rates until the end of the year.Iron ore spot freight rates from Western Australia…
The Baltic Exchange's main dry bulk sea freight index extended its rally on Tuesday, rising about 5% to its highest in 13 years, steered by strong gains in capesize rates, and helped by demand for smaller vessels.The overall index, which factors in rates for capesize…
U.S. soybean exports jumped last week to a six-month peak, while corn shipments were the highest in a month as Louisiana Gulf Coast terminals steadily ramped up operations disrupted nearly a month ago by Hurricane Ida, preliminary data showed on Monday…
The Baltic Exchange's main dry bulk sea freight index rose for a fourth straight session on Wednesday to a 12-year high, buoyed by higher rates across vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels…
A deal has been finalized that will soon see the largest vessel to ever call at New Zealand for the loading of logs.The deal between South Pacific Shipping (SPS) and Oldendorff Carriers was brokered by Braemar ACM’s Bruce McFarlane, a Mount Maunganui local…
Brazil's port regulator targeted the local unit of global grains merchant Bunge and two port agents in an investigation announced on Tuesday, threatening the trader's dominant position at a key export hub in the south of the country.The probe…
U.S. grain exports slumped to their lowest level in years last week as shippers struggled to restart loading operations along the Louisiana Gulf Coast after Hurricane Ida flooded and damaged grain terminals and knocked out power across the region…
Exports of green coffee from Brazil, the world's largest producer, fell 27% in August from a year earlier to 2.33 million bags as difficulties to find containers and space at vessels increased in the last weeks, industry group Cecafe said on Monday…
Louisiana Gulf Coast grain exports are slowly ramping up after a nearly two-week halt due to damage from Hurricane Ida, with at least two large terminals loading vessels and power steadily being restored to others, government and shipping sources said on Thursday…
Asia’s grain and oilseed buyers are set to face shipping delays of at least one month after Hurricane Ida damaged key export terminals around the U.S. Gulf Coast, two traders and one miller said. The slowdown in supplies is likely to stoke food inflation fears for price-sensitive consumers in Asia…
The Baltic Exchange's main dry bulk sea freight index dropped on Tuesday to its lowest since mid-August, as demand eased across all vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels…
