Dry bulk

JERA Co. and EDF Trading sign a binding agreement for JERA Trading to acquire EDF Trading’s coal and freight business.

US exports of corn and wheat jumped in the week ending 1 December, while soybean exports were down.

McInnis Cement has announced the appointment of Mr. Hervé Mallet as President and Chief Executive Officer.

Chinese coal imports fell to a three-month low, while iron ore imports hit an eight-month low in October.

Italian imports of thermal coal are expected to fall 7% in 2016, while imports of metallurgical coal remain steady.

An increase in iron shipments as mining companies seek to take advantage of higher prices is boosting the capesize market.

Star Bulk Carriers has booked a net loss in 3Q16 of US$39.4 million on revenues of US$59.9 million.

Dry bulk shipping company, Globus Maritime, has reported improved year-to-date results, despite an increased third quarter loss,

Dry Bulk shipping company, Golden Ocean Group, has announced an improved loss in 3Q16 on better market conditions.

A proposed merger between MHM Metals and Alliance Mining Commodities will support development of a major direct shipping bauxite project in Guinea.

A stabilisation of China’s economic growth will continue to benefit commodity shipments, following strong imports of iron ore an metallurgical coal in 3Q16.

Japanese shipyards received just two orders to new dry bulk carriers in October, compared to 27 the year before.

Fortescue has secured a US$473 million funding agreement from CDB Leasing for its very large ore carriers.

UWL LLC continues to grow its portfolio following coordinating their customs brokerage services with World Shipping Inc.

Earnings from Australia’s bulk commodity exports are expected to grow by 12% in FY17 to AUS176 billion.