Despite floods in November, the Australian wheat production estimate for the 2022/23 marketing year (July 2022 to June 2023) has been increased by the United States Department of Agriculture (USDA). Australian wheat exports could rise 9.8% this marketi…
Australia on track for new harvest record and 9.8% jump in wheat exports Read More »
Demand for seaborne coal cargoes could take a hit during 2023, exerting pressure on the dry bulk market as a whole. In its latest weekly report, shipbroker Intermodal said that “China’s coal imports from January to October were 230.1m mt, a decrease of…
2023 Seaborne Coal Imports Could Add Pressure on the Dry Bulk Market Read More »
The dry bulk market is expected to remain in transitionary mode for longer than initially expected, if the existing FFA rates are of any indication. In its latest weekly report, shipbroker Allied Shipbroking said that “less than one month prior to the …
Dry Bulk Market To Remain in Transit Mode for Quite Some Time, Analyst Claims Read More »
Capesize The Capesize market was in a ‘one step forward, two steps back’ mode this week. The average of the 5 time charter routes eventually settled at $12,598, a decline of $775 week-on-week. Despite tightness in both basins, especially for December c…
Dry Bulk Market: Positive Signs Are Starting to Emerge Read More »
The global iron ore seaborne trade has been on the decline so far this year. In its latest weekly report, shipbroker Banchero Costa said that “so far in 2022, iron ore trade softened again, primarily due to weaker demand from China and supply issues in…
Global Iron Ore Loading Down This Year Read More »