Dry bulk

EMS-Tech Inc. has announced the opening of its new office in Burnaby, British Columbia, Canada as part of the company's plans to grow their foothold in North America.

Pilbara Ports has reported that in December 2023 there was an overall increase in total monthly throughput when compared to December 2022.

It has been reported that a dry bulk shipping vessel owned and operated by Eagle Bulk Shipping was struck by a missile fired from Houthi-controlled areas of Yemen as it was transiting past the Gulf of Aden.

Wisdom Marine Group has selected Nippon Paint Marine to protect cargo and reduce maintenance costs with its ship hull coating NEOGUARD TOUGHNESS.

The Baltic Exchange has reported a decline in charter rates across multiple dry bulk vessel classes with no sign of abating.

At a global level the forecast for major wheat exporters' stocks have been raised with the USDA trimming its own forecast for domestic stock at the close of the season.

Safe Bulkers, Inc. has announced that it has entered into an agreement for the acquisition of a Japanese, 82 000 DWT, dry-bulk, kamsarmax class vessel.

The Erik Thun Group has announced the addition of four new vessels ordered with two being multi-purpose dry cargo vessels which will be built by Shipsveerf Ferus Smit B.V. in the Netherlands.

Grain Central reports that India has extended its tariff-free period for lentils to the 31 March 2025 in a move which the Australia pulse industry has welcomed.

The Baltic Exchange has reported that there has been a slow start to the 2024 dry bulk market with limited fresh enquiry in the ultramax sector and a sedated start for the panamax sector.

The first shipment of copper concentrate from Ivanhoe Mines’ DRC Project has arrived by rail at Lobito, Angola.

Wheat prices extended their soft start to 2024, weighed by crop improvement in the top US growing state with European wheat exports witnessing competitive growth from increased Ukrainian grain exports.

NYK Line has started to conduct full-scale trials for the long-term use of biofuels for its existing line of heavy dry bulk vessels in order to meet net-zero emission targets.

Wisdom Marine Group and Synergy Group have launched a strategic bulk carrier joint venture, Wisdom Synergy Ship Management.

BIMCO have formed a working group, the Metals and Mining Digitalisation Forum, with four global mining companies which have published a position paper proposing the adoption of digital technologies.