Asian dry bulk news
Strong return from dry bulk shipping market
The Baltic Exchange has reported on the latest data from on the dry bulk shipping market.
Asian coal demand boosts Australian coal exports
Coal demand from India and China has widened Australia's lead as a top coking coal exporter despite producing less coal.
Russian weather lifts wheat prices
CRM Agri has reported that wheat prices are likely to increase after the USDA forecasted that wheat inventories will shrink.
Itochu books ultramax newbuilds at New Dayang
Japanese shipping company Itochu Corp. has contracted two ultramax bulk carrier newbuilds from ship builder New Dayang, China.
Capesize market picks up pace
The Baltic Exchange has revealed that after an initially sluggish start to the week, the market eventually picked up pace again.
China becomes Australia's top coal market
Australia has shipped more coal to China than Japan in April, which is the first time this has happened in four years.
Safe Bulkers acquires Japanese newbuild
Safe Bulkers, Inc. has announced an agreement for the acquisition of one newbuild Japanese kamsarmax class dry-bulk vessel.
Russian weak markets affected by recent rains
According to CRM Agri, wheat futures have retreated as meteorologists forecast rains for southern Russia, easing dryness concerns which spurred the previous price jump.
Capesize rates endure a challenging time
The Baltic Exchange's latest data has shown a decline in capesize rates with other sectors experiencing a mixed week.
Franbo Lines signs for ultramax newbuilds
Franbo Lines has ordered its first ships in China in a deal with Jiangsu Haitong Offshore Engineering Equipment.