US dry bulk news
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.
Genco Shipping has advanced its fleet renewal strategy
Genco Shipping and Trading Ltd has acquired two high specification capesize vessels and has agreed to sell an older capesize vessel for US$19.5 million.
Safe Bulkers has announced the sale of a kamsarmax vessel
Safe Bulkers, Inc. has announced the sale of a 2015-built kamsarmax class dry-bulk vessel.
Chinese import delays have put pressure on wheat prices
CRM Agri has reported that the price of Paris and Chicago wheat has faced pressure from delayed wheat imports from China.
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.
LOGISTEC has won the Best Specialist Dry Bulk Terminal Award
At the 2023 International Bulk Journal Awards LOGISTEC won the Best Specialist Dry Bulk Terminal Award for its services across its North American network of port terminals.
CRM Agri have reported on weakened wheat prices
Mixed wheat prices have led to Chinese buyers importing foreign wheat amid weakened prices according to CRM Agri.
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.