US dry bulk news

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.

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.

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, Inc. has announced the sale of a 2015-built kamsarmax class dry-bulk vessel.

CRM Agri has reported that the price of Paris and Chicago wheat has faced pressure from delayed wheat imports from China.

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