Sunday, October 1, 2023

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Food

U.S. corn export sales hit record low on China cancellations

U.S. export sales of corn fell to their lowest weekly total on record, government data showed on Thursday, as overseas buyers canceled purchases made...

Ukrainian grain flows ease amid safe passage uncertainty

With the contested extension deadline for the Black Sea Grains Initiative approaching fast, and with little guidance as to what might follow after May...

U.S. buys Brazilian soybeans after price drop – shipping data

A drop in prices due to abundant local supplies is making Brazil an attractive origin for soybeans, with at least two vessels carrying a...

Black Sea grain deal could start winding down next week ahead of ‘expected’ closure

A deal allowing the safe Black Sea export of Ukraine grain could start winding down next week after Russia said it will not approve...

China’s soybean demand likely to remain soft until May

Demand from the world’s top soybean importer China is expected to ease until at least May amid poor crush margins and the reduced use...

Cargill to Halt Grain Exports from Russia

Cargill said on Wednesday it would take a further step back from the Russian market by stopping handling Russian grain from its export terminal...

Rising Rates Are Reshaping Once-Lucrative Commodity Trades

Higher interest rates are forcing commodity traders to rethink some deals and push up prices, in the latest example of how a period of...

China soybean prices plunge amid weaker local demand, higher Brazil farmer sales

Chinese soybean prices have plunged this week, with the basis to CBOT futures reaching the lowest levels since 2018, amid higher selling volume by...

China props up U.S. corn, soy exports as other buyers stay quieter than usual

U.S. soybean exports flirted with record highs at the start of 2023 while corn shipments slacked, owing to last year’s huge Brazilian corn crop...

Russia Wheat Exports Nearly Double What They Were Before War

After a slow start to the season, Russia’s grain exports are booming as buyers load up on its attractive bumper supplies. The country’s shipments of...

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Sphinx Investment Corp Increases Stake in OceanPal

On September 28, 2023, an OceanPal SEC filing revealed that Sphinx Investment Corp. had raised its ownership in OceanPal, now holding a substantial stake...

Star Bulk Announces the Repurchase of 10 Million of Its Common Shares

Star Bulk announced that it entered into a Repurchase Agreement (with OCM XL Holdings, LP, a limited partnership incorporated in the Cayman Islands, pursuant...

Trafigura announces executive leadership changes

Trafigura Group Pte Ltd. has announced an evolution of its executive team to further strengthen leadership and focus across its global activities during a...

Woori, HMM, KOBC to buy Polaris in prospective $448 mln deal – report

Polaris Shipping Co. is poised to sell its entire stake at around 600 billion won ($447.5 million) to Woori Private Equity Asset Management Co....

Pyxis Tankers Announces Closing of Ultramax JV Investment

Pyxis Tankers, an international shipping company, reported that on September 14, 2023, the Company closed on its previously announced newly formed drybulk joint venture...

Baltic index snaps 4-day winning streak as capesize rates slip

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Baltic index scales 11-month peak on strong capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Baltic index scales over 9-month high on capesize surge

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Baltic index rises to over 4-month high on stronger capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Houston-Japan VLGC freight rates reach multi-year high

VLGC freight rates from Houston to Chiba, Japan, reached $245/mt Sept. 21 for the...

Piraeus Port reports strong H1 2023 results

The Piraeus Port Authority SA, which operates Greece’s biggest and busiest port, reported a 48.8-percent increase in pre-tax earnings for H1 2023 – 49.4...

Greece names Thessaloniki port operator preferred bidder for Volos port

Greece’s privatisation agency has named the operator of Thessaloniki port as the preferred bidder for acquiring a 67% stake in the port of Volos,...

Drewry: Port Throughput Index Down 2.1% in July

The Global Container Port Throughput Index fell 2.1% MoM in July 2023, with the small rises recorded in Africa and Oceania having been insufficient...

Vopak: Agreement with Infracapital on sale of Rotterdam chemical terminals

Vopak announces that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam (Botlek, TTR and Chemiehaven)...

Port Hedland Iron Ore Exports Edge Up 4% in August

Pilbara Ports Authority has delivered a total monthly throughput of 62.8 million tonnes (Mt) for August 2023, consistent with the August 2022 throughput. The Port...