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Maritime industry professionals remain confident about the year ahead despite wider uncertainty, according to new data published by the British Ports Association yesterday.
The Panama Canal and the Port of Rotterdam signed a Memorandum Understanding (MOU) to promote international trade between Europe and the West Coast of South America.
Trade tensions are weighing on growth across the world, but the International Monetary Fund is “far” from forecasting a global recession, an IMF official told Reuters on Friday...
China will allow the import of soymeal livestock feed from Argentina for the first time under a deal announced by Buenos Aires on Tuesday
Capesize -The market reached new heights this week as the 5TC topped $38,014, a level not seen in the sector since 2013.
Brazil exported 5.32 million mt of soybeans in August, down 34.4% year on year and declining 32% on the month, according to the Secretariat of Foreign Trade of Brazil.
During August 2019, Grindrod announced as part of its strategic review process, its intention to dispose of certain non-core businesses which included its agricultural investments in NWK and Senwes.
Capesize - The market continued to firm all week, with the 5TC closing on Friday at $34,583, up $4,146 for the week. This marks a new high for the year and a remarkable lift from the lows of 3 April 2019
Similar to other sizes, it was one of the most exciting weeks for the Baltic Supramax Index (BSI), with a surge from all areas.