Bulk Shipping News

 

Baltic Index Falls Again as Capesize, Supramax disappoint

Jan 30, 2025

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended losses for the thirteenth straight session on Thursday, pressured by a dip in rates across capesize and supramax segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 11 points to 715 points, hitting its lowest in 23 months…

Capesize Segment Buoys Baltic Index

Jan 09, 2025

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday, supported by higher capesize rates.The index, which factors in rates for capesize, panamax and supramax shipping vessels…

BIMCO's Shipping Number of the Week

Dec 12, 2024

Dry bulk contracting falls 70% below average amid low rates.“Over the past three months, dry bulk newbuilding contracting has been 70% below the yearly average. Declining freight rates in recent months, a cloudy outlook and high newbuilding prices contributed to the slowdown…

Baltic Index Snaps Losing Streak on Larger Vessel Rate Rise

Dec 06, 2024

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a seven-session losing streak on Friday, supported by gains in larger vessels.The index .BADI, which factors in rates for capesize…

Bulk Shipping: Corn surges on technical buying, solid exports

Dec 06, 2024

U.S. corn futures climbed to a two-week high on Friday on technical buying and support from strong U.S. export sales, putting the market on pace for its strongest weekly advance in a month.Soybeans followed corn higher, although forecasts for a record-breaking Brazilian harvest limited gains…

Brazil Grain Barges Return as Amazon Drought Eases

Nov 27, 2024

Transportation of soybeans and corn on barges along the Brazilian Amazon's Tapajos River, which had been suspended in early October due to dry weather, resumed at 50% capacity this week, operators said on Wednesday.Shipping began again on that waterway…

Greek Owners Top Global Cargo Carrying Capacity

Nov 08, 2023

BIMCO’s Chief Shipping Analyst, Niels Rasmussen, has revealed that Greek and Chinese shipping companies now own 34% of the global fleet’s cargo capacity, with Greek owners leading on cargo capacity.“The global fleet of cargo carrying ships consists of around 61…

Ship Grounded in Suez Canal

May 25, 2023

A ship has grounded in the Suez Canal, shipping agent Leth Agencies said early on Thursday.Suez Canal tugboats are trying to refloat the vessel, named Xin Hai Tong 23, the company said.There was no immediate comment from Canal authorities.'M/V…

AD Ports' SAFEEN Feeders in Trade, Shipping Deal with Saif Powertech

Apr 15, 2022

AD Ports Group's feeder service, SAFEEN Feeders, has signed a long-term trade facilitation and shipping agreement with Saif Powertec Limited, a listed firm in Bangladesh that is active in ports, logistics, civil engineering, and power sectors…

From Mines to AIS Spoofing, Assessing the Risks to Shipping in the Black Sea

Mar 03, 2022

Commercial ships are being advised of the high risk operating in the Black Sea following Russia’s invasion of the Ukraine, with various reports of missile attacks on commercial ship, plus warning of the waters containing mines.According to a press release from the NATO Shipping Center (NSC)…

Clearlake Shipping Fixes 37,000-dwt Asphalt Carrier

Aug 11, 2021

Clearlake Shipping, a wholly-owned subsidiary of Gunvor Group, has fixed a new building 37,000 deadweight ton (dwt) asphalt carrier, the White Pearl, to be delivered before year end.White Pearl will complement Gunvor’s growing asphalt trading business…

BIMCO: U.S. Coarse Grain "Madness" Triples Ton-Mile Demand

May 05, 2021

Record high US seaborne exports of coarse grains in March of 9.2 million tonnes took total Q1 exports to 21.3 million tonnes. This is the highest ever first quarter on record and a 120% increase from Q1 2020.Of the total 21.3m tonnes exported so far this year…

USTC Acquires 60% Stake in CM Biomas

Mar 25, 2021

USTC has acquired 60% of CM Biomass, the world’s largest independent wood pellet trading company, a move designed to consolidate USTC as a global force in shipping and trade. USTC, which has a long history within commodity trade, shipping, and logistics…

BIMCO: China Cements Top Position in the Bulk Market

Jan 13, 2021

The turbulence of the past year has in many ways clouded the underlying fundamentals in the dry bulk shipping market, but with 2020 now behind us, we are in a better position to establish an overview of expectations for 2021. Overall, total…

BIMCO: "Soya bean bonanza," U.S. Exports Strongest in History

Oct 27, 2020

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…

Logistics News

USCG Safety Alert: Understand the Explosion Hazards of Shipping Coal

USCG Safety Alert: Understand the Explosion Hazards of Shipping Coal

McKenney Tapped to Lead Port of Oakland

McKenney Tapped to Lead Port of Oakland

NorthStandard Aims to Simplify FuelEU Compliance

NorthStandard Aims to Simplify FuelEU Compliance

India-Germany Logistics Partnerships Poised for Growth, Says VDMA Chief

India-Germany Logistics Partnerships Poised for Growth, Says VDMA Chief

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South Korea's MFG purchases about 132,000 tonnes of corn, traders claim
India's target for natural gas usage hinges on increasing gas-fired electricity generation
Sources say that freight rates for shipping Russian Urals to India are rising in February.