Asian dry bulk news
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.
US soybean exports have hit a new high
According to the USDA China has been the world’s largest importer of US soybeans which has contributed to a marketing-year high.
Another week of positive momentum across bulk carrier classes
The Baltic Exchange has reported that there has been widely positive growth across all dry bulk carrier classes.
LNG-fuelled panamax commences operation
Mitsui O.S.K. Lines, Ltd and Kyushu Electric Power Co., Inc. have announced that the LNG-fuelled panamax coal carrier Reimei has commenced operation.
Encouraging momentum across all dry bulk carrier classes
The dry bulk shipping market saw some positive sentiment and momentum last week across all dry bulk carrier classes.
CODELCO and NBP make progress on world’s first zero emission handymax carrier
NBP has signed a Memorandum of Understanding (MoU) with OSHIMA and SUMITOMO to construct a handymax bulk carrier that will reduce CO2 emissions.