Baltic index snaps four-day losing streak on higher rates across vessel segments

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, snapped a four-session losing streak on Friday, buoyed by an uptick in rates across all vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, added 8 points to 1,643 points. However, […]

Dry Bulk Shipping: China The Dominant Market for US Soybeans

Despite the rising trade tensions, China is still the main destination for US soybeans. In its latest weekly report, shipbroker Banchero Costa said that “total seaborne exports of soybeans in calendar (Jan-Dec) 2024 declined by -5.0% year-on-year to 142.3 mln tonnes, according to vessel tracking data from AXS Marine. This was a correction from the […]