Vetting report on dry bulk terminals

The latest analysis by shipping association Bimco shows that, on one hand, soya bean exports to China in H1 2019 were up 10.9% compared with H1 2018, while on the other, exports to China in the 2018/2019 marketing year were down 68.7%

Against a backdrop of weaker growth in Chinese imports, the dry bulk shipping market is facing increasing uncertainty.

Following an almost total halt in exports of soya beans to China in Q4 2018, the New Year has brought new hopes for US farmers and the dry bulk shipping sector, says Bimco

This year has been a slow one for dry bulk demolitions, with only 4.2M dwt scrapped (as of 17 December), down 71.6% compared to last year.

The first 12 weeks of the 2018/19 marketing year have painted a dire picture for US soya bean exports.

The trade war and particularly the Chinese tariffs on imports of US soya beans can now clearly be seen, with the start of the soya bean peak exporting period in the US.