Articles By Eoin Hughes
Dry bulk freight rates for Panamax vessels in the Atlantic Ocean fell to new lows in the week to Wednesday November 20, with exports still not sufficient to absorb tonnage, weighing on rates.
Dry bulk freight rates for Panamax vessels in the Atlantic Ocean hit a 15-month low in the week to Wednesday November 13, with slow exports and growing tonnage weighing on rates.
Dry bulk freight rates for Panamax vessels in the Atlantic fell further in the week to Wednesday November 6, as high tonnage availability and slow exports still weighed on rates.
Dry bulk freight rates for Panamax vessels in the Atlantic fell further to new annual lows in the week to Wednesday October 30, as high tonnage availability and weak demand continued to hit the Atlantic freight market, sources told Fastmarkets.
Forecasts for corn, sunflower and soybean yields in the EU have all been cut after a rainy start to autumn, according to the latest EU Monitoring Agricultural Resources (MARS) report.
Dry bulk freight rates for Panamax vessels in the Atlantic fell again to reach their lowest levels in a year in the week to Wednesday October 23, with weaker grain exports continuing to weigh on rates.
Dry bulk freight rates for Panamax vessels in the Atlantic decreased again in the week to Wednesday October 16 with weak grain exports compared to high tonnage and gloomy sentiment weighing on rates.
The United Nations’ Food and Agriculture Organization (FAO) Food Price Index rose by 3 points from its revised August figures to 124.4 points in September, due to price increases across all commodities in the index, the FAO said on Friday October 4.
French corn conditions were stable in the week to September 30, but the pace of harvest was well behind recent years, according to farm agency FranceAgriMer’s weekly report released on Friday October 4.
Dry bulk freight rates for Panamax vessels in the Atlantic fell in the week to Wednesday October 2, with weaker exports in both the North and South Atlantic weighing on rates, sources told Fastmarkets.
Weekly soybean imports into the EU totaled 114,849 tonnes in the week to Sunday September 29, according to initial data from the European Commission released on Tuesday October 1.
Weather extremes have hit winter, barley and corn yields, and thus cut production in Russia, according to the latest EU Monitoring Agricultural Resources (MARS) report.
Dry bulk freight rates for Panamax vessels in the Atlantic were little changed in the week to Wednesday September 25, with stronger demand for ships continuing to support rates.
Weekly soybean imports into the EU totaled 114,487 tonnes in the week to Sunday September 22, according to initial data from the European Commission released on Tuesday September 24.
European Union weekly wheat exports totaled 279,788 tonnes in the seven days to Sunday September 22, according to initial data from the European Commission on Tuesday September 24.
Yield forecasts for corn, barley and sunflowers were cut in the EU’s latest Monitoring Agricultural Resources (MARS) report, published on Monday September 23.
Dry bulk freight rates for Panamax vessels in the Atlantic rose in the week to Wednesday September 18 after falling for several weeks, with increased exports starting to absorb the excess ship supply, sources told Fastmarkets.
The EU’s latest Monitoring Agricultural Resources (MARS) report has forecast that most Ukrainian crop production would be reduced from the volumes seen in 2023 due to a dry summer and the military occupation of eastern parts of the country.
With disruption of the Panama Canal easing, the dry bulk market has been eyeing the possible impact of the improved situation.
Dry bulk freight rates for Panamax vessels in the Atlantic eased again in the week to Wednesday September 11 to one-year lows but may have found a bottom, sources told Fastmarkets.