Dry bulk ocean carrier Jinhui Shipping of Hong Kong and Oslo has drifted into the red according to its third quarter results. Its nine-month results indicate the company may generate a loss this year.
A boost to demand from higher commodity volumes and a reduction in supply owing to IMO 2020 low sulfur fuel regulations are giving a boost to the international dry bulk freight markets, says Hong Kong ship operator Pacific Basin (HKEX: 2343).
Australian miner Rio Tinto generated over US$12 billion (all figures in U.S. dollars) from its bauxite, alumina and aluminum production in 2018. It predicts about 67 million tonnes production of bauxite, alumina and aluminum this year. These minor bulk commodities are significant seaborne cargoes.
