In the third week of December, sentiment in the freight market for large vessel sizes has shown signs of weakening. However, optimism grows for a robust month-end, given the declining number of ballasters in the Panamax Continent Far East. Within the C…
Iron ore exports from Australia have been on the rise during 2023, reaching a new all-time high. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been so far a positive year for global iron ore trade. In Jan-Nov 2023, global l…
Dry Bulk Market: Australian Iron Ore Exports Reach New All-Time High Read More »
Capesize The capesize market experienced a dynamic week, with distinct developments in the Pacific and Atlantic regions. The Pacific market started the week on a high note, driven by port closures in North China due to weather and the presence of all t…
Dry Bulk Market Completes Second Week of Correction Read More »
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 »