US 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.

The Association of American Railroads (AAR) reported US rail traffic for the week ending 30 December 2023, as well as volumes for December 2023.

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.

Peter Richards, Group CEO of Gulftainer recently received a prestigious award by CEO Today USA Awards 2023 for his achievements in the maritime industry and for his leadership of the company.

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

IntelliTrans has suggested that by 2031 80% of the workforce will be over 65 which could force companies need to differentiate themselves with a talent strategy that involves technology deployment, employee engagement, and having a mission that matters.

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

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

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.

Pacific Basin Shipping Ltd has announced the closing of a US$150 million deal for a Sustainability-Linked 3-year Senior Unsecured Committed Revolving Credit Facility.