The Baltic Exchange's main sea freight index fell to a more than four-month low on Tuesday as weak demand from China dragged down vessel rates across all segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels…
In a number of instances, charterers in the dry bulk sector have been preventing much needed crew changes from taking place during the period of the charter, despite the ship owner agreeing to accept the associated costs, says INTERCARGO, the…
The Baltic Exchange's main sea freight index, which tracks rates for capesize, panamax and supramax vessels, fell on Wednesday, pulled down by decreasing rates of capesize vessels.The Baltic index fell 29 points, or 2.1%, to 1,384.The capesize index slipped 88 points…
Cargill, one of the world's biggest charterers of ships, is working with technology partners to fit sails on vessels in its fleet to cut carbon emissions through harnessing wind power, the U.S. agribusiness group said on Wednesday.About 90%…
Following years of disruption to US soya bean exports due to the US-China trade war, the first seven weeks of the 2020/2021 marketing year, which runs from 1 September to 31 August, have seen the strongest exports ever. By October 15, 11.4 million tons of soya beans had been exported by the US…
Nicholas Georgiou has been promoted to Chief Executive Officer of ship owning and management business Lomar, its parent company the Libra Group announced. Georgiou has been Lomar’s Chief Operating Officer since 2010 and succeeds Achim Boehme…
China’s government is discussing permits for millions of tonnes of additional corn imports over the next year, three industry sources told Reuters, amid a surge in animal feed demand and after storms and drought damage tightened domestic supplies…
The Baltic Exchange's main sea freight index, which tracks rates for capesize, panamax and supramax vessels, rose on Friday, buoyed by an uptick in demand for capesize and panamax vesselsThe Baltic index rose 14 points, or 1%, to 1,415.However…
The Baltic Exchange's main sea freight index that tracks rates for ships carrying dry bulk commodities fell on Friday, registering its worst week in nearly three months, weighed down by weaker demand across vessel segments.The overall index…
Australia is investigating media reports that China has stopped taking its coal shipments, Prime Minister Scott Morrison said on Tuesday, adding that such import quotas to support China's market were 'not uncommon'.Trade industry reports late…
Some of the world's biggest commodities and energy players on Wednesday launched an initiative to cut and track emissions from the ships they charter as efforts intensify to reduce the maritime industry's carbon footprint.About 90% of world trade is transported by sea…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to over one-year high on Friday as rates for capesize vessels surged on higher iron-ore demand.The overall index, which factors in rates for capesize…
Peter Norborg will take over as CEO of Swire Bulk at the start of 2021, parent company the China Navigation Company Ltd (CNCo) announced Thursday.Norborg has held several top-level management positions in leading shipping companies, including his most recent role as CEO of Clipper Group…
The world is in the midst of the second coronavirus wave and with that comes the natural question of how the current dynamics will play out for the dry bulk shipping market. Demand and the subsequent cargo flow of the major dry bulk commodities are critical for the freight market…
A labor union representing Argentine grains port workers said on Sunday it would stage a 24-hour walk-off from midnight after failing to strike a deal on a collective work agreement with the business chamber that represents private port owners…
