UK dry bulk news

The World Shipping Council, the International Chamber of Shipping and BIMCO have expressed their thanks to the 12 nations that have jointly condemned the attacks on ships in the Red Sea.

Wheat prices extended their soft start to 2024, weighed by crop improvement in the top US growing state with European wheat exports witnessing competitive growth from increased Ukrainian grain exports.

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 reported that low grain prices have encouraged Chinese purchases of US grain whilst EU wheat exports continued to struggle.

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

Associated British Ports has unlocked a 200+ acre development opportunity at the UK’s busiest ports complex.

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

Mixed wheat prices have led to Chinese buyers importing foreign wheat amid weakened prices according to CRM Agri.

The UK’s second largest port operator began construction of the 20 000 ft2 extended warehouse at its North 3 Canada Dock earlier this year.

The Port of Immingham has handled over 137 000 t of grain since investing in a new grain handling system.