Asian dry bulk news
Pacific Basin has closed Unsecured Revolving Credit Facility deal
Pacific Basin Shipping Ltd has announced the closing of a US$150 million deal for a Sustainability-Linked 3-year Senior Unsecured Committed Revolving Credit Facility.
Wheat prices find support at the start of December
CRM Agri has provided its latest update on the current state of the global price of wheat and grain.
The dry bulk shipping market has seen increased strength
At the end of November the positive momentum seen throughout the month continued with all bulk vessel classes seeing strong growth.
Vale has performed its first biofuel voyage for its iron ore shipping
Vale, in partnership with Oldendorff Carriers, has commenced its first biofuel voyage with the Hinrich Oldendorff fuelled by residual cooking oil and fuel oil.
WinGD has debuted Variable Compression Ratio technology
WinGD has debuted its Variable Compression Ratio technology to be installed on two new dual-fuel LNG powered newbuilds for NYK Line.
Chinese import delays have put pressure on wheat prices
CRM Agri has reported that the price of Paris and Chicago wheat has faced pressure from delayed wheat imports from China.
The Baltic Exchange has reported on another week of improvement
Initially gloomy market sentiments were replaced by positivity by the end of the week according to the Baltic Exchange.
Coal shipments to advanced economies are down 17%
BIMCO have reported that shipments of coal to advanced economies have fallen 17% as demand for electricity declined alongside a rise in the production of renewable energy.
CRM Agri have reported on weakened wheat prices
Mixed wheat prices have led to Chinese buyers importing foreign wheat amid weakened prices according to CRM Agri.
Signal Group have seen increased optimism in the dry bulk market
Signal Group have reported that the dry bulk shipping market looked to have a more optimistic outlook with iron ore also experiencing a rally in price.