US soybean, maize, and wheat exports could fall 15% in 2023 due to droughts that affected harvests last year. However, the upcoming maize harvest may drive a recovery in US grain shipments from the fourth quarter onwards. According to the United States…
Key US grain exports could fall 15% in 2023, brighter outlook ahead Read More »
The third week of July sustained the downward trend of freight market rates of the previous days of July, however, signs of an upward trend were recorded in the Panamax Continent to Far East rates. On the supply side, the number of ballast ships increa…
Iron ore and coal dry bulk flows to China daily (25d MA) above year-earlier level Read More »
Capesize This week began on a positive note in the Pacific market, with all three major players actively participating and securing vessels at more favourable rates. However, the momentum quickly dissipated and the market experienced a decline in rates…
Dry Bulk Market: Capesize Market on the Decline for Yet Another Week Read More »
Despite the positive long term fundamentals, as a result of the dry bulk fleet’s record low orderbook, in the short-term, the market seems to be under pressure. In its latest weekly report, shipbroker Xclusiv said that “the first week of July has come …
Dry Bulk Market Under Pressure Read More »
Capesize As the week commenced in the Pacific, it became apparent that there was a notable level of enquiry, defying the usual subdued nature of Mondays. The majors from West Australia to China have been present in the market throughout the week. Howev…
Dry Bulk Market: Capesize Market Improved Last Week Read More »