Shipping

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.

The Panama Canal Port Authority has made an additional auction slot available as well as modified some transit reservation system rules.

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

The Egyptian dry bulk operator, National Navigation Co., has announced the signing of a contract to purchase the kamsarmax carrier Aplovrijenac.

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.

Ecochlor, Inc. has negotiated a deal on behalf of Sinotech CCS Co., Ltd for the installation of a CCS system on one of Diana Shipping's vessels.

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

Dry bulk owner Golden Ocean has released its unaudited financial results for the third quarter of 2023.

Diana Shipping Inc. has announced that it has entered into a time charter contract with Bunge for the M/V DSI Andromeda.

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

According to the USDA China has been the world’s largest importer of US soybeans which has contributed to a marketing-year high.

The Russian agriculture minister has announced that Moscow has begun to send free shipments of grain to Africa.

The Baltic Exchange has reported that there has been widely positive growth across all dry bulk carrier classes.