Asian dry bulk news

Shofu Maru, the world's first Wind Challenger-equipped coal carrier, has achieved fuel savings of 17% after its seventh round trip voyage.

NS United Kaiun Kaisha has executed a Memorandum of Understanding for the construction of a capesize bulk carrier powered by dual methanol Fuel.

An MoU has been signed between Japanese shipping companies and Drax Group to develop the world's first biomass-fuelled ship and the technology to power it.

The Baltic Exchange has reported on the latest data from on the dry bulk shipping market.

Coal demand from India and China has widened Australia's lead as a top coking coal exporter despite producing less coal.

CRM Agri has reported that wheat prices are likely to increase after the USDA forecasted that wheat inventories will shrink.

Japanese shipping company Itochu Corp. has contracted two ultramax bulk carrier newbuilds from ship builder New Dayang, China.

The Baltic Exchange has revealed that after an initially sluggish start to the week, the market eventually picked up pace again.

Australia has shipped more coal to China than Japan in April, which is the first time this has happened in four years.

Safe Bulkers, Inc. has announced an agreement for the acquisition of one newbuild Japanese kamsarmax class dry-bulk vessel.