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Argentina - positive news on inspection procedures

10 March 2017

SENASA, the Argentinian National Agrifood Health and Quality Service, recently decided to exempt certain products from phytosanitary and quality controls. A transition to a system of private inspections of holds loading grain products and by-products is currently being considered.

Dry Bulk Shipping - The pressure is easing in the Atlantic, but overall improvement is quite slow for now

16 June 2014

The Atlantic basin has been awash with ships during most of 2014, putting downward pressure on freight rates for Panamax and Supramax ships in particular. Freight rates for a trans-Atlantic round-voyage, which were hitting a three-year high by mid-December 2013 (USD 20,500 per day), subsequently experienced four straight months of losses to hit USD 2,500 per day for Panamaxes. Since mid-April, Panamaxes have tripled earnings on the back of demand, finally meeting expectations. Supramax ships are still in the doldrums, failing to follow suit with big brother so far.