Dry bulk

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.

Gulftainer has won the prestigious Gold Medal Health and Safety Award from the Royal Society for the Prevention of Accidents Award (RoSPA) for a sixth successive year.

Bedeschi has been awarded the contract to supply a new shiploader at Ertsoverslagbedrijf Europoort C.V. in the port of Rotterdam.

The Baltic Exchange reported that there have been general fluctuations and declining rates across all dry bulk vessel classes.

CRM Agri reported that low grain prices have encouraged Chinese purchases of US grain whilst EU wheat exports continued to struggle.

Future Market Insights have forecast the demand for iron ore pellets to increase from US$66 503.9 million in 2023 to US$141 988.8 million in 2033.

CRM Agri has provided its latest update on the current state of the global price of wheat and grain.