Dry Cargo & Dry Bulk News

Dry Bulk Week 46: The Baltic Briefing

18 November 2019

Roundup of last weeks Capesize, Panamax, Supramax, Ultramax and Handysize markets from The Baltic Exchange.

Commodities Gained on Fed Rate Cut and Improving Trade Relations

14 November 2019

The Bloomberg Commodity Index Total Return was higher for the month, with 19 of 23 constituents posting gains.

Diana Shipping announces sale of panamax vessel, m/v Clio

13 November 2019

Diana Shipping Inc. recently announced that it has signed a Memorandum of Agreement to sell to an unaffiliated third party, the 2005-built vessel “Clio”, with delivery to the buyer latest by November 29, 2019, for a sale price of US$7.4 million before commissions.

Government supports infrastructure improvements at the Port of Trois-Rivières

12 November 2019

The Government of Quebec has confirmed that it will provide US$2 492 595 in financial assistance to the Trois-Rivieres Port Authority for the development of an outdoor storage space, a multi-purpose shed and an oversized equipment warehouse.

Adani partners with Decmil in another win for regional Queensland

11 November 2019

Adani Mining’s Carmichael coal project has signed another multi-million dollar contract that will deliver jobs and opportunities to Rockhampton and regional Queensland (Australia).

Dry Bulk Week 45: The Baltic Briefing

11 November 2019

Roundup of last weeks Capesize, Panamax, Supramax, Ultramax and Handysize markets from The Baltic Exchange.

Dry Bulk Week 44: The Baltic Briefing

04 November 2019

Roundup of last weeks Capesize, Panamax, Supramax, Ultramax and Handysize markets from The Baltic Exchange.

High iron ore prices erode steelmaker profits

04 November 2019

Chinese steelmaker profits plunged in the third quarter, hit by soaring costs of iron ore due to falling global supplies of the main ingredient used in steelmaking.

Grindrod Shipping announces new financing arrangement, fleet update and share repurchases

01 November 2019

Grindrod Shipping Holdings Ltd, a global provider of maritime transportation services in the drybulk and product tanker sectors, announced a number of transactions relating to a new financing arrangement, its fleet and share repurchases.

Rio Tinto well positioned to sustain strong returns

01 November 2019

Rio Tinto is well positioned to continue generating strong returns, building on a track record of $32 billion returned to shareholders since 2016...

The IIPD Embarks on its First Capital Project in Decades

30 October 2019

Illinois International Port District announces start of the Butler Drive Rehabilitation Project (BDRP)

Dry Bulk Week 43 - The Baltic Briefing

28 October 2019

Roundup of last weeks Capesize, Panamax, Supramax, Ultramax and Handysize markets from The Baltic Exchange.

Essar Ports posts record cargo growth

28 October 2019

Company clocks 27.29 MT throughput in H1FY20, with an overall growth of 20.07%

The Russians are coming for Asia and Europe’s coal markets

25 October 2019

Life is set to get even more difficult for major coal exporters with Russia planning to increase shipments of the fuel and the cost advantages appearing increasingly stacked in its favour.

China’s 2019 coal imports set to rise more than 10%

23 October 2019

China, the world’s top coal buyer, is on track to boost imports of the fuel by more than 10% this year, traders and analysts said on Tuesday, countering earlier expectations that shipments would be capped by Beijing at the same level as 2018.

Shipowners, are you making the right choice?

22 October 2019

Today when the world is racing towards achieving reduced carbon emissions, reduction in GHGs across all the industries, we should take cognisance of the fact that to produce 1 ton of Iron, it takes a tailing of around 2.5 - 3 Tons of iron ore...

Dry Bulk Week 42: The Baltic Briefing

21 October 2019

Roundup of last weeks Capesize, Panamax, Supramax, Ultramax and Handysize markets from The Baltic Exchange.

Global economy slows, recession risk hangs in the balance

21 October 2019

Economic growth around the world has slowed to a crawl but (so far) there are few signs of the second-round effects on jobs, income and spending that would turn a significant slowdown into an outright recession.

Global thermal coal markets ‘bottom out’ as supply contracts

21 October 2019

Global thermal coal markets have largely “bottomed out” following a steep drop in the first half of 2019, although supply contraction will likely need to continue over the rest of the year and into 2020 to achieve global rebalancing...