Bulk Carriers News

 

Brazil on a Grain Exporting Spree

Jul 01, 2020

Brazil is expected to export 11.9 million tonnes of soybeans in June, a 37% rise from the same month last year, as Chinese demand remains strong and ports operate normally amid the COVID-19 pandemic, industry group Anec said on Tuesday.Exports of corn from Brazil are seen at 774…

Baltic Index Sees Best Month on Record

Jun 30, 2020

The Baltic Exchange's main sea freight index edged higher on Tuesday, helped by gains in supramax and panamax vessel rates, and marked its best month on record.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize…

Baltic Index Up for Sixth Straight Week

Jun 26, 2020

The Baltic Exchange's main sea freight index edged higher on Friday, helped by an uptick in rates for capesize and panamax vessels, and posted a sixth consecutive weekly gain.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize…

Baltic Index Up for 20th Session on Stronger Vessel Demand

Jun 25, 2020

The Baltic Exchange's main sea freight index extended gains for a 20th straight session on Thursday, on firmer rates across all vessel segments.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize…

Berge Bulk Digitalizes Its Procurement

Jun 24, 2020

A dry bulk shipping company looking to enhance efficiency, cut costs and create complete procurement transparency has turned to digital procurement through Ligimatic's SERTICA fleet management system.Singapore-based Berge Bulk, which controls a fleet of 70 vessels…

Baltic Index Hits Over 7-month High on Increasing Vessel Activity

Jun 23, 2020

The Baltic Exchange's main sea freight index touched its highest level in more than seven months on Tuesday, as rates across all vessel segments rose on increasing trading activity.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize…

Iranian Ship Reaches Venezuela with Cargo of Food

Jun 22, 2020

An Iranian ship was approaching the Venezuelan port of La Guaira on Sunday with a cargo of food that will supply the South American nation’s first Iranian supermarket, according to Refinitiv Eikon and Iran’s embassy in Venezuela.Iran supplied 1…

Chinese Demand Lifts Baltic Index to Record Weekly Gain

Jun 19, 2020

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry commodities around the world, posted its biggest weekly gain ever, underpinned by a rebound in global commodities trading as iron ore demand from China picked up…

Baltic Index Sees Best Day Ever—Again

Jun 18, 2020

The Baltic Exchange's main sea freight index marked its largest single-day percentage rise on Thursday, as capesize vessel segment rates jumped 50% on strong iron ore demand.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize…

US Urges China to Accelerate Purchases of American Goods

Jun 18, 2020

The U.S. Chamber of Commerce on Thursday underscored the importance of functional U.S.-China ties and urged Beijing to step up its purchases of U.S. goods and services as agreed under a Phase 1 trade deal despite delays caused by the coronavirus…

Baltic Index Logs Record Jump as Capesize Demand Spikes

Jun 17, 2020

The Baltic Exchange's main sea freight index recorded its biggest ever daily percentage jump on Wednesday, propelled by surging capesize rates due to a spike in iron-ore shipments.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize…

Canadian Grain Exports Flowing Fast

Jun 17, 2020

Canadian grain exporters are boosting sales in a slumping global economy, as demand for commodities like oil weakens and frees up railway space.Brisk crop movement in a country that relies heavily on rail is a bright spot during pandemic lockdowns…

Baltic Index Rises to Over 6-month High

Jun 16, 2020

The Baltic Exchange's main sea freight index rose to more than a six-month high on Tuesday, boosted by stronger demand for capesize and panamax vessels.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize…

Suez Canal Ship Transits Rise Amid COVID-19

Jun 16, 2020

Transits through the Suez Canal, the beating heart of the Egyptian economy, have stayed remarkably resilient to the fallout of the COVID-19 pandemic if judging by total transits of the three commercial shipping sectors which are up 8% year-on-year…

Great Lakes Shipping Companies Navigate Market Challenges Ahead

Jun 15, 2020

For U.S.-flag shipping on the Great Lakes, 2019 was a good year. Total cargos were 90 million net tons, up 7.5% over 2018 and 4.6% over the five-year average. 49.7 million net tons of iron ore were shipped, up 8.5% over 2018 and 11.7% over the five year…

Logistics News

Panama Canal to Launch Tender for Two New Ports

Panama Canal to Launch Tender for Two New Ports

Port of Los Angeles Reports Busiest Month Ever

Port of Los Angeles Reports Busiest Month Ever

The Pasha Group Acquires Assets of MacMillan-Piper LLC, Tacoma Transload LLC

The Pasha Group Acquires Assets of MacMillan-Piper LLC, Tacoma Transload LLC

CK Hutchison: "Reasonable Chance" $22.8B Ports Sale Will Go Through

CK Hutchison: "Reasonable Chance" $22.8B Ports Sale Will Go Through

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