Capesize rates have finally gained a footing as Brazilian iron ore exports rise

The increases in Brazilian iron ore exports open up great prospects for dry bulk shipping, in particular the Capesize segment.

• Market analysis

Brazilian soya bean exporters set new records

Brazilian soya bean exports are up 85.2% in the first two months of 2019, compared to the same period in 2018. This comes on the back of record high exports in 2018 of 83.6 million tonnes, a 22.7% increase from 2017.

• Market analysis
• Dry cargo

Brazil inspection of aged bulk carriers

The Brazilian Maritime Authority imposes new inspection requirement for aged vessels carrying solid bulk cargoes.

• News story
• Cargo
• Safety
• Ships inspections and Port State control
• Brazil

China’s thirst for crude oil pushes Brazil’s December exports to all-time high

Brazilian crude oil exports hit a record high in December 2019 with a total 8.7 million tonnes of crude oil exported, as China continues to turn to Brazil for crude.

• Market analysis
• Market reports
• Macro
• Tanker
• 2020 sulphur cap

Brazil (Homepage)

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Lucas Leite Marques

Partner of Kincaid | Mendes Vianna Advogados, with expertise in Maritime Law, Oil & Gas, international Law, litigation and arbitration. Law degree from the Pontíficia Universidade Católica (PUC – Rio); Post-graduated in Civil Procedural Law at IAVM/UCAM; Specialization in Maritime Law at Fundação Getulio Vargas (FGV); LL.M. in Transnational Commercial Practice at Lazarski University; Professor of Maritime Law at FGV/RJ; Vice-President of the Transport Law commission of the Association International des Jeunes Avocats – AIJA; Director of Maritime and Port Law of the Brazilian Center for Mediation and Arbitration (CBMA); Member of the Brazilian Maritime Law Association; Member of the Ibero-American Institute of Maritime Law; Member of the Maritime and Port Law Commission of the Brazilian Bar Association.

Carolina Franca

Carolina is a dual qualified Brazilian lawyer and barrister-at-law in England and Wales with a broad international experience. Carolina´s practice focuses on shipping and energy companies. She is an expert on marine and cargo claims, oil pollution, P&I, regulatory matters and shipping casualties. Carolina also advises on Common law/ Civil law jurisdictional conflicts.

Geoffrey Conlin

Geoffrey Conlin is a partner with Holman Fenwick Willan based in the Sao Paulo office. He acts mainly for international insurers, reinsurers and brokers based in London and overseas. Geoffrey specializes in resolving complex, cross border claims arising from energy (onshore and offshore), property, casualty and marine risks. He has extensive experience in Ports & Terminals insurance and reinsurance. Geoffrey has acted on cases in most jurisdictions in Latin America. He also has experience advising on policy wordings and coordinating the licensing of reinsurance companies in the Latin American region. Geoffrey is a member of the British Insurance Law Association and is recommended in the Chambers Latin America 2014 and 2015 directories, with clients highlighting his "very direct knowledge and understanding of the local markets besides all the insurance coverage issues" and "his good feel for what clients need during insurance and reinsurance disputes". He is also recommended in Who's Who Legal: Brazil 2014. Geoffrey is a regular contributor to market publications and has delivered presentations on insurance and reinsurance in Latin America and in the UK. Geoffrey is qualified in England and Wales. 

Macro Economics - Recent die-hard optimism is being shadowed by dark clouds partly created by political problems. Key figures are falling short of expectations, but the direction is alright

The recent optimism has fortunately not completely evaporated following the latest series of less positive economic indicators from across the globe, including India, the US, Brazil and Spain. The EU debt situation creates a lot of uncertainty, not only as regards economic development but also regarding the political situation on both sides of the Atlantic Basin.

• Market analysis
• Macro

Dry Bulk Shipping - All eyes on Brazilian iron ore exports, as we await the long-anticipated lift in freight rates

The freight market, which performed so well in Q1, has certainly not delivered in the past 4 months. BDI has dropped from 1,621 on 20 March to hit 747 on 29 July. Panamax ships have not been above USD 10,000 per day since 20 February, and below USD 5,000 per day for most of June and July. BIMCO expected challenging market conditions, also for Panamaxes, but rates below USD 5,000 per day were an unpleasant and unexpectedly low level.

• Market analysis
• Dry cargo