Dry bulk still a long way from exiting crisis mode: Alphabulk
Alphabulk, part of AXS Marine, is warning dry bulk is a long way away from being a healthy investment. In its latest weekly report Alphabulk points out that while the Baltic Dry Index averaged 1,352 points in 2018, a decent improvement over 2017’s 1,142 average, it is still not a comfortable figure. “Taking a 10-year…
Read MorePanama Canal Signs Dry Cargo Deal With Brazilian Port
The Panama Canal has signed an agreement with Port of Itaqui, located in the northeastern region of Brazil, to promote the shipment of grains and other cargoes. Under the Memorandum of Understanding (MOU), the parties would target shipments in the commercial route between the north of Brazil through the Panama Canal to destinations located in…
Read MoreSpoils Of Trade War: Argentina Loads Up On Cheap US Soybeans
A ship named the Torrent is nearing the end of a 5,000-mile trip carrying soybeans from the U.S. Great Lakes to Argentina – a journey that only makes economic sense because of the U.S.-China trade war. The ship is scheduled to dock in the Rosario grains hub on Dec. 4, days after the leaders of…
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