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While the Capesize segment has been massively impacted by the coronavirus, the smaller dry bulk segments are starting to recover towards profitable territory, partly on the back of seasonally higher grain exports from South America.
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.
The updated 2023 version of the popular Continent Grain Charter Party, SYNACOMEX , is now available for use in SmartCon and on the BIMCO website accompanied by explanatory notes.
Congestion for ships loading grain cargoes at Brazilian ports has surged this year due to large harvests and low water levels in the Amazon River. Between January and November, the average waiting time reached 15 days, up from nine days average between 2018 and 2022 and well above the global average of five days for grain loadings in 2023.
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