Congestion for ships loading grain cargoes at Brazilian ports has surged this year due to large harvests and low water levels in the Amazon River. Between January and November, the average waiting time reached 15 days, up from nine days average between…
New solutions needed as waiting times at Brazilian ports reach 15 days Read More »
In the second week of December, the mood on the dry bulk market was mixed. Prices for Capesize vessels between Brazil and North China were down after the surprising upturn at the beginning of the month. In the smaller ship segments, however, the mood w…
A significant decrease in the U.S. grain exports to China following the spike in October Read More »
Due to a record-breaking lack of rain, the Panama Canal Authority has significantly reduced the number of vessels transiting the Canal. This in order to conserve water and hopefully avoid having to reduce the maximum allowable transit draft for vessels…
Delays in transiting the Panama Canal Read More »
The dry bulk market could remain in higher ground for longer, despite the recent rate correction. In its latest weekly report, shipbroker Intermodal said that “over recent weeks, there has been a significant increase in earnings for dry bulk cargo tran…
Dry Bulk Rates Could Remain Higher for Longer Read More »
Capesize The Capesize market faced a challenging week characterised by significant fluctuations. The week began positively with a robust increase in the BCI 5TC, reaching $54,584, driven by active engagement in the Pacific. However, profit-taking in th…
Capesizes Under Pressure Last Week, After Recent Rally Read More »