US dry bulk news

The AAR has released its data reporting on the state of weekly rail traffic compared against the same week in 2023.

EMS-Tech Inc. has announced the opening of its new office in Burnaby, British Columbia, Canada as part of the company's plans to grow their foothold in North America.

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.

The Port of Corpus Christi, Texas, US, marked a new record high in annual tonnage moved in a single year, with more than 200 million t of goods moving through the Corpus Christi Ship Channel.

The Association of American Railroads (AAR) reported that total US weekly rail traffic was 457 453 carloads and intermodal units, down 4.1% compared with the same week in 2023.

It has been reported that a dry bulk shipping vessel owned and operated by Eagle Bulk Shipping was struck by a missile fired from Houthi-controlled areas of Yemen as it was transiting past the Gulf of Aden.

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

At a global level the forecast for major wheat exporters' stocks have been raised with the USDA trimming its own forecast for domestic stock at the close of the season.

The Association of American Railroads has reported that rail traffic on the whole has seen a small increase when compared to the same period in 2023.

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.