French soft wheat shipments outside the EU last month reached a four-year high for April, Refinitiv data showed, as exporters continued to ship high volumes during the coronavirus pandemic.Soft wheat exports to destinations outside the European Union totalled 1…
Brazilian soybean exports in April reached 16.3 million tonnes, an all-time record for a single month and an increase from 9.4 million tonnes in same month last year, according to average daily export data released on Monday by the government…
Converted very large ore carriers (VLOC) are increasingly becoming a thing of the past with the long-term freight contracts coming to an end as newer and more reliable ships replace them in the market. Since June 2017, 43% of the VLOC fleet have been sent to the scrapyards…
Miner BHP Group said on Tuesday it plans to expand its iron ore export capacity from Port Hedland, the largest global shipping hub for the steel-making commodity, by up to 40 million tonnes a year to 330 million tonnes a year.The move comes…
Russia’s online grain export quota was running out fast on Saturday as big traders rushed to get customs documents for future shipments, analysts said, adding that supplies from the world’s biggest wheat exporter would continue nevertheless…
Dry bulk operator Clipper Bulk announced it will reduce onshore staff in an effort to narrow costs amid historically low freight markets dragged down by the coronavirus pandemic.“The dry cargo market has struggled with unsustainably low freight rates for years…
Over the past decade, the developing world economy has allowed for strong growth in shipping activities, with the demand for transport never having been higher. However, the benefits of this growth have been limited due to the industry jeopardizing the good times by ordering too many ships…
Australia's goods exports rose sharply in March as the resource-rich country shipped more iron ore to China and more gold to Hong Kong and the UK, preliminary data on Thursday showed.The Australian Bureau of Statistics said exports of goods jumped 29% in original terms in March to A$36…
Agricultural commodities trader Bunge Ltd said on Tuesday it will sell 35 of its interior U.S. grain elevators to Zen-Noh Grain Corporation, dramatically reducing its grain origination network in the United States.Financial details of the sale…
Brazil has agreed to release water at the giant Itaipu hydroelectric dam to raise low water levels in the Parana River, a key thoroughfare for grains shipments, Argentina's Foreign Ministry said on Friday.Decade-low water levels on the Parana…
Ukrainian wheat exports jumped nearly 50 percent in the week of April 11-17 despite a government warning that it could ban shipments if export rates are too high.Preliminary data from the APK-Inform consultancy on Sunday showed that Ukraine exported 319…
Chinese steel stockpiles reached record highs amid the coronavirus outbreak, but are now steadily easing. This paints the picture of an increased construction activity and a growing seaborne demand for the key dry bulk commodity of iron ore…
Bavarian ship management company MINSHIP and its subsidiary MINMARINE said that a bulk carrier in their fleet of managed vessels, M/V Trudy, has successfully bunkered biofuel at the Port of Rotterdam.The biofuel bunkered by the 2009-built, 30…
Worrying signs are emerging for coal exporters to the world's biggest markets in Asia, as top buyers China and India move to favor domestic supplies over seaborne imports.The prices of higher-grade Australian thermal coal, lower-rank Indonesian thermal coal…
The new coronavirus caused barely a blip in China's imports of major commodities, but this likely underscores the ways China differs from the rest of the world, rather than providing a template for the globe's recovery from the pandemic.China's crude oil imports in March…
