Novamont Dry on the starting line
Set up by Navigazione Montanari & Nova Marine, the company is to operate in the dry bulk sector
Dry bulk freight rates down
The Zero-Covid policy has compromised Chinese steel mill production and bulker demand
Russia’s wheat exports booming
Report: in the 2022/2023 season Moscow will export 39 million tonnes of wheat (6 million more)
Baltic Dry Index hits a new high
The Baltic Exchange’s dry bulk sea freight index gained 48 points yesterday, hitting 2,404 points
Baltic Dry Index on the crest of a wave
The dry bulk shipping index hit 2,645 points (+3.6%) this week due to Capesize and Panamax demand
Capesize market booming
On Monday evening, average daily earnings for these types of vessels reached 63,000 dollars
China ups its iron ore imports
15.7 million tonnes of iron ore came in through its ports during the first week of August