Dry bulk

Grindrod Shipping Holdings Ltd has announced its unaudited financial results for the three months and nine months ended 30 September 2023.

The Panama Canal Port Authority has been working on solutions to the issue of low water levels with a focus on saving water.

Telestack has been announced as a winner at the IBJ Awards 2023 for the Best Shiploading/Unloading system.

Genco Shipping and Trading Ltd has acquired two high specification capesize vessels and has agreed to sell an older capesize vessel for US$19.5 million.

A Memorandum of Understanding has been executed by Alien Metals Ltd with Pilbara Ports Authority for the export of iron ore.

Safe Bulkers, Inc. has announced the sale of a 2015-built kamsarmax class dry-bulk vessel.

CRM Agri has reported that the price of Paris and Chicago wheat has faced pressure from delayed wheat imports from China.

Initially gloomy market sentiments were replaced by positivity by the end of the week according to the Baltic Exchange.

Martin Engineering has celebrated its 20th anniversary of growth across the African continent after first entering the African market in 2003.

BIMCO have reported that shipments of coal to advanced economies have fallen 17% as demand for electricity declined alongside a rise in the production of renewable energy.

Mixed wheat prices have led to Chinese buyers importing foreign wheat amid weakened prices according to CRM Agri.

Signal Group have reported that the dry bulk shipping market looked to have a more optimistic outlook with iron ore also experiencing a rally in price.

Transnet SOC Ltd has begun to address the congestion and backlog of cargo ships at the Port of Durban and Richards Bay.

Diana Shipping Inc. has announced the pro-rata distribution of warrants to purchase common stock.

KCC and Silverstream Technologies have agreed a deal to equip KCCs next four vessels with air lubrication technology.