Dry bulk

CRM Agri has reported that wheat prices are likely to increase after the USDA forecasted that wheat inventories will shrink.

Baltic Exchange Information Services Ltd has published the reports following two independent audits conducted by PricewaterhouseCoopers LLP for dry bulk and container box indices.

CRM Agri has reported that in anticipation for rains in southern Russia, grain prices have reversed early headway and encouraged profit-taking.

Australia has shipped more coal to China than Japan in April, which is the first time this has happened in four years.

According to CRM Agri, wheat futures have retreated as meteorologists forecast rains for southern Russia, easing dryness concerns which spurred the previous price jump.

Belships ASA has announced a change in ownership of Lighthouse Navigation Pte Ltd.

IBIA and BIMCO have announced their collaboration on fuel and maritime challenges in order to facilitate shipping's decarbonisation.

Bearing AI has announced the launch of the first AI-powered planning tool for shipping liners to simulate the cost, emissions and performance impact of operational and commercial decisions.

Eureka Shipping has announced the construction of a new cutting-edge cement carrier for trade in the Great Lakes.

Peak Group and The CSL Group have announced the launch of a new partnership, Peak CSL Group, following CSL’s acquisition of 50% of Peak.

Viterra has outturned 4.3 million t of grain, making up 4 million t for export and 320 000 t for the domestic market.

China and India have lifted imports of seaborne thermal coal and have taken advantage of lower international prices to meet strong domestic demand for power.

CRM Agri have reported that grain prices retreated as traders took profits ahead of the USDA's data release.

Bloomberg UK has reported that iron ore stockpiles in China are at their highest level in a year whilst steelmaking input has decrease.

PTI has reported that in the 2023 January-April period the number of Indian coal imports rose to 212 million t.