Dry bulk news updates

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On June 30, COSCO SHIPPING Development announced that one of its subsidiaries plans to acquire 24 dry bulk vessels, including 20 multipurpose grain carriers (87 000 DWT), 2 bulk carriers (210 000 DWT), and 2 dry cargo carriers (210 000 DWT).

Dry bulk carriers entered with INTERCARGO continue to demonstrate stronger performance than the global fleet average on safety and compliance, according to the Association's 17th edition Benchmarking Report.

Pelagic Credit Plc announce that it has entered into definitive agreements for a sale-and-leaseback investment comprising three handysize bulk carriers, with an aggregate transaction value of US$47.4 million.

Diana Shipping Inc. announce that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Classic Maritime Inc., for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia.

NorthStandard becomes the first P&I club to join the Dry Bulk Centre of Excellence (DBCE), strengthening collaboration with the dry bulk shipping sector.

Todd Swinderman, Martin Engineering, explores how passive dust control strategies at conveyor transfer points can improve air quality, reduce emissions, and enhance overall system efficiency.

The collaboration will create a strategic, auditable and scalable operating model to strengthen safety, reliability, governance, ESG performance, resilience, and long-term value across ArcelorMittal’s global dry bulk terminal network.

EMS-Tech celebrate the successful delivery of WONTANARA, the first of a new class of high-capacity self-unloading transhipment vessels built by CSSC Chengxi Shipyard for the joint venture between Rio Tinto, Chinalco, and the Government of Guinea.

The Panama Canal reported higher transit volumes and cargo tonnage during the third quarter of fiscal year 2026, while continuing to adapt its operations to meet global shipping demand in anticipation of a severe El Niño event.

Diana Shipping Inc. announce that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Fednav International Ltd., for one of its Ultramax dry bulk vessels, the m/v DSI Pegasus.

The Vancouver Fraser Port Authority is looking for an operator for its Fraser Wharves terminal site in Richmond, as part of work to expand trade capacity at the Port of Vancouver.

Nippon Paint Marine’s FASTAR XI hull coating and EVER COOL, its exterior surface coating, will be applied to two newbuild vessels for WAN HAI, to support lower energy consumption.

The Baltic Exchange provides an update on the Dry Bulk markets for Week 28.

AV Dawson has announced a £5 million investment in a new dry bulk rail terminal at the Port of Middlesbrough, reinforcing its long-term commitment to Teesside and creating additional capacity to support the UK market.

The Bonds will be admitted to trading on the Fixed Income Securities Segment of Euronext Athens Holding S.A.

Tarmac is now certified to the ISO 19443 nuclear safety standard for the supply of aggregates, strengthening its ability to provide consistent, repeatable, and traceable quality materials for the nuclear sector.

Diana Shipping Inc. has entered into a time charter contract with Aquavita International S.A., for one of its Kamsarmax dry bulk vessels, the m/v Medusa.

Public Online Auction July 29 – August 5

Bulk carrier safety continues to show steady long-term improvement, but the nature of risk facing seafarers is becoming more complex and multi-layered.

MV XIN AN PING, fully loaded with breakbulk cargo, arrived at the BOFFA anchorage in Guinea recently and commenced discharging operations, marking the official launch of COSCO SHIPPING Bulk’s direct China-West Africa breakbulk service.

Castor Maritime Inc. announce that it has entered into an agreement to acquire a 2024-built modern-eco Kamsarmax bulk carrier vessel, the M/V Magic Saturn, from an unaffiliated third party for a purchase price of US$41.9 million.

Telestack announce the award of a significant new project in North America, further strengthening Telestack’s presence in the region and reinforcing its reputation for delivering high-capacity, integrated bulk material handling solutions.

Cavotec has signed an order worth approximately €1.5 million for shore power equipment for the expansion of a cruise terminal in Southern California, US.