South America dry bulk news

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 Panama Canal Port Authority have prepared plans to increase daily transits in January with the addition of six daily slots.

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

The Baltic Exchange reported that there have been general fluctuations and declining rates across all dry bulk vessel classes.

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.

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.

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 has been working on solutions to the issue of low water levels with a focus on saving water.

The Panama Canal Port Authority has made an additional auction slot available as well as modified some transit reservation system rules.