Canadian grain shipments through the Great Lakes-St. Lawrence Seaway trade corridor are up 20% in response to continuing world demand for wheat and canola, the latest figures show.Year-to-date shipments of grain (from April 1 to August 31) totaled 5…
The Baltic Exchange's main sea freight index rose for a second consecutive session on Tuesday, buoyed by stronger rates for capesize vessels.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize…
An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand in the rest of the world. High deliveries and low contracting have left the orderbook at multi-year lows, but – with the poor outlook…
China has been buying U.S. soybeans at what seems like a breakneck pace for about two months now, increasing the probability of record U.S. exports to the Asian country over the next year.But while a record volume becomes more realistic as the sales pile up week after week…
Dry bulk shipping company Golden Ocean Group said Monday that Per Heiberg, Chief Financial Officer of Golden Ocean Management AS, had resigned.Heiberg has held the CFO since April 2016 and has worked for the company in various capacities since July 2005…
BIMCO notes stunning comeback to Q2 agricultural exports nearly triple freight ratesAs agricultural dry bulk commodities exports took a dive in the first quarter of this year and painted a gloomy picture for Panamax and Handymax freight rates…
The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, Panamax and supramax vessels, shed 16 points, or 1.1%, at 1,488.The index registered a small 0.5% weekly gain. The capesize index fell 46 points…
Bulk carriers are the workhorses of international maritime trade. Those responsible for operating them need to manage significant risks inherent to the dry bulk trade. Certain cargoes can deplete oxygen, catch fire, explode, corrode holds or simply deteriorate…
labor union representing Argentine grains port workers said on Thursday that it suspended a scheduled strike over wages after the government called for talks between the workers and their companies.The URGARA union, which represents inspectors…
The Baltic Exchange's main sea freight index fell on Friday, posting its first weekly fall in four weeks as demand for capesize and panamax vessels dropped.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize…
Port days and diverted voyages are having an unusually strong impact on market balances and will play a key role in the short term outlook.Summer may be drawing to close in the northern hemisphere but for dry bulk shipowners, the positive tone…
The Baltic Exchange's main sea freight index rose for the 12th straight session on Thursday, helped by an uptick in demand for all vessel segments.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize…
The Baltic Exchange's main sea freight index climbed on Monday, as demand for capesize and panamax vessels rose.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels…
The Baltic Exchange's main sea freight index rose on Wednesday, after declining for seven consecutive sessions, as rates for larger capesize and panamax vessels bounced back after a series of declines.The Baltic dry index, which tracks rates…
The Baltic Exchange's main sea freight index dropped to a more than one-month low on Thursday, dragged down by weakness across all vessel segments.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize…
