US dry bulk news

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.

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.