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China has made no forward purchases of US new-crop soybeans as of mid-October, marking a first in two decades, ahead of the peak US export window to China during November-January, according to US Department of Agriculture data and traders at three global agricultural trading firms. The last Chinese purchase of US soybean was in May, ...
https://www.hellenicshippingnews.com/china-seen-using-soybeans-as-leverage-in-trade-rift-with-us/
https://www.hellenicshippingnews.com/china-seen-using-soybeans-as-leverage-in-trade-rift-with-us/China imported no soybeans from the U.S. in September, the first time since November 2018 that shipments fell to zero, while South American shipments surged from a year earlier, as buyers shunned American cargoes during the ongoing trade dispute between the world’s two largest economies. Imports last month from the U.S. fell to zero from ...
https://www.hellenicshippingnews.com/china-imports-no-us-soybeans-in-september-for-first-time-in-seven-years/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, was unchanged on Monday as vessel rates across all segments held steady. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, was flat at 2,069 points. The capesize index rose seven points, or ...
https://www.hellenicshippingnews.com/baltic-index-steady-on-minimal-gain-across-vessel-segments/
https://www.hellenicshippingnews.com/baltic-index-steady-on-minimal-gain-across-vessel-segments/The freight market has adjusted to the estimated impact of the port fees implemented by the US and China. In its latest weekly report, shipbroker Intermodal said that “the latest escalation in U.S.-China trade tensions marks a setback to hopes for a gradual return to a less protectionist trading environment. After a relatively calm summer, ...
https://www.hellenicshippingnews.com/shipping-freight-rates-rose-20-on-trade-war-port-fees/
https://www.hellenicshippingnews.com/shipping-freight-rates-rose-20-on-trade-war-port-fees/Tor Olav Trøim is deepening his comeback in the tanker sector, with Oslo-listed Bruton revealing a fresh deal that could double its VLCC newbuilding programme at China’s New Times Shipbuilding. The company announced a letter of intent for two firm scrubber-fitted VLCCs, plus options for two more of the same design, through affiliate Andes Tankers …
https://splash247.com/troims-bruton-doubles-down-on-vlcc-newbuilds/
https://splash247.com/troims-bruton-doubles-down-on-vlcc-newbuilds/China’s Huayuan Star Shipping has turned to the newbuilding market to expand its fleet with an order for two kamsarmax bulk carriers at compatriot yard Jiangsu Haitong Offshore Engineering Equipment. A signing ceremony was recently held in Shanghai to formalise the deal. The 85,000 dwt vessels are scheduled for delivery in the second and fourth …
https://splash247.com/huayuan-star-orders-methanol-ready-kamsarmax-brace/
https://splash247.com/huayuan-star-orders-methanol-ready-kamsarmax-brace/Oslo-listed 2020 Bulkers has extended its fleet sell-off with the disposal of another newcastlemax bulker. The Norwegian owner, set up by Tor Olav Trøim, said it has agreed to sell the 2020-built 208,000 dwt Bulk Sao Paulo for $72.75m to an undisclosed buyer. The company will retain the vessel’s operating cashflows until the transaction closes, …
https://splash247.com/2020-bulkers-banks-72m-as-fleet-sell-off-rolls-on/
https://splash247.com/2020-bulkers-banks-72m-as-fleet-sell-off-rolls-on/Belgium’s CMB.TECH has pushed ahead with its fleet renewal strategy, confirming disposals in wet and dry secondhand markets, while adding new tonnage across multiple segments. The Antwerp-based shipowner confirmed the sale of the 2007-built 306,543 dwt VLCC Dalma for a reported $48m after passing dry dock. The deal, which follows the disposal of three VLCCs …
https://splash247.com/cmb-tech-continues-fleet-renewal-with-fresh-sales/
https://splash247.com/cmb-tech-continues-fleet-renewal-with-fresh-sales/India’s Great Eastern Shipping has sold another older tanker as part of its ongoing fleet renewal drive. The Mumbai-listed company said it has sealed a deal to sell the 2005-built 48,500 dwt Jag Pooja to an unaffiliated third party. VesselsValue estimates the ship’s market value at about $10.9m. The company acquired the vessel in July …
https://splash247.com/great-eastern-offloads-veteran-tanker-in-ongoing-fleet-refresh/
https://splash247.com/great-eastern-offloads-veteran-tanker-in-ongoing-fleet-refresh/US investment giant KKR has launched a new container leasing and financing company with half a billion dollars in committed capital, marking its latest move into asset-based maritime investments. The new venture, Galaxy Container Solutions, will be owned by KKR-managed credit funds and accounts under its Asset-Based Finance strategy. Galaxy will provide container leasing and …
https://splash247.com/kkr-launches-500m-container-leasing-venture/
https://splash247.com/kkr-launches-500m-container-leasing-venture/