Between January and April 2025, Brazilian grain shipments rose 9% y/y, supported by strong Chinese purchasing, according to Filipe Gouveia, Shipping Analysis Manager at BIMCO.The ramp-up in exports has been supported by a 9% increase in the soya bean harvest, according to estimates by the United States Department of Agriculture (USDA).
“In January, grain shipments to China are estimated to fall 51% y/y, partly due to a decline in import demand for soya beans caused by low crusher margins. Although Chinese soya bean production decreased 1% y/y in 2024, inventories are high after a surge in imports in the first half of the year.
One of the United States' largest fleeting and shifting companies, Turn Services, headquartered in New Orleans, announced it has reached a deal to acquire Marine Fueling Service, a Texas-based provider of marine support services.Owned by the Bean family for over six decades, MFS provides fleeting, shifting, towing, boat charter, fuel, and lube services