South America dry bulk news
Demand for the iron ore pellet market forecast to increase
Future Market Insights have forecast the demand for iron ore pellets to increase from US$66 503.9 million in 2023 to US$141 988.8 million in 2033.
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.
The Panama Canal Port Authority have addressed the issue of water shortage head on
The Panama Canal Port Authority has been working on solutions to the issue of low water levels with a focus on saving water.
The Panama Canal Port Authority has released an advisory to shipping
The Panama Canal Port Authority has made an additional auction slot available as well as modified some transit reservation system rules.
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.
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.
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.