Australia dry bulk news

According to the Baltic Exchange, dry bulk shipping has seen positive growth in the Atlantic market with some minor decreases seen in South America and the US Gulf.

Pilbara Ports has reported that in December 2023 there was an overall increase in total monthly throughput when compared to December 2022.

The Baltic Exchange has reported a decline in charter rates across multiple dry bulk vessel classes with no sign of abating.

Grain Central reports that India has extended its tariff-free period for lentils to the 31 March 2025 in a move which the Australia pulse industry has welcomed.

The Baltic Exchange has reported that there has been a slow start to the 2024 dry bulk market with limited fresh enquiry in the ultramax sector and a sedated start for the panamax sector.

The Baltic Exchange has reported that the dry bulk shipping market has seen another week of corrections during the third week of December.

CRM Agri has provided its latest update on the current state of the global price of wheat and grain.

At the end of November the positive momentum seen throughout the month continued with all bulk vessel classes seeing strong growth.

A Memorandum of Understanding has been executed by Alien Metals Ltd with Pilbara Ports Authority for the export of iron ore.

Initially gloomy market sentiments were replaced by positivity by the end of the week according to the Baltic Exchange.