Shipping

Data from the Baltic Exchange has shown fluctuations in the market with ultramax and supramax vessels seeing the most positive changes.

Finnish energy company Gasum has performed the first LNG bunker delivery to Seaworks’ new self-unloading dry bulk vessel in Risavika, Norway.

NYK has held a naming ceremony for Japans first LNG-fuelled capsize carrier which will transport iron ore and coal from Australia to Japan.

Costamare Inc. has reported its unaudited financial results for the fourth quarter and year ended 31 December 2023.

Meadway Shipping has announced its plans to change the company's name to DryDel Shipping by the end of February 2024.

Diana Shipping Inc. has announced a time charter contract for m/v Philadelphia with NYK Line.

Castor Maritime Inc. has announced the sales of the M/V Magic Nova and the M/V Magic Horizon for an aggregate price of US$31.9 Million with an expected net gain of US$9.0 Million.

According to the Baltic Exchange the capesize market witnessed a mixed and evolving week with notable fluctuations in different regions.

Globus Maritime Ltd has announced the delivery of a 2024-built ultramax dry bulk vessel, Glbs Hero, expanding its fleet to seven vessels.

Diana Shipping Inc. has announced its plans to expand its previously announced joint venture for offshore wind service vessels.

Diana Shipping Inc. has announced the sale of the m/v Artemis, a 2006-built panamax dry bulk vessel.

According to the Baltic Exchange, dry bulk shipping has seen positive growth in the Atlantic market with some minor decreases seen in South America and the US Gulf.

Diana Shipping Inc. has announced a new time charter contract for the dry bulk panamax vessel ,m/v Maera ,with ST Shipping taking on the vessel.

Taiwan’s Wisdom Marine has returned to Tsuneishi Shipbuilding with a deal for two newbuild kamsarmax bulk carriers set to be delivered in 2026.

Kawasaki Kisen Kaisha, Ltd and Nihon Shipyard Co., Ltd have entered into a contract for the construction of three post-panamax bulkers which have been developed and designed as next-generation, environmentally friendly ships.