Asian dry bulk news

Sumitomo Corporation, Kawasaki Kisen Kaisha, Ltd. (K LINE), and NYK Bulkship (Asia) Pte. Ltd. (NYK Line) have entered into a memorandum of understanding to jointly conduct a Front-End Engineering Design study and explore the ownership of a new-build ammonia bunkering vessel (N-ABV) for application in Singapore.

This expansion signifies Canfornav's commitment to strengthening its presence in the Asian market, adding a new hub to its global operations.

The order marks the launch of Saudi Arabia’s first large-scale shipbuilding project, strengthening the Kingdom’s position as a global maritime hub.

A combination of strong trade and high port waiting times will see the trade employ around 15% of Capesize vessels in 2025.

Since 2023, U-Ming has actively promoted a low-carbon fuel substitution strategy, gradually increasing the use of liquefied natural gas (LNG) as marine fuel.

The US will cut extra tariffs it imposed on Chinese imports in April this year to 30% from 145% and Chinese duties on US imports will fall to 10% from 125%, the two countries said on Monday, according to Reuters.

Berge Bulk and BHP have joined forces to pioneer an iron ore voyage from Australia to China powered entirely by B100 biodiesel.

Martin Engineering has announced fresh expansion in Central Asia with a new business unit in Kazakhstan.

The Vessel is a 61 441 dwt Ultramax built by Dalian Cosco KHI Ship Engineering Co, Ltd. in 2017.

The world’s largest coal importer is diversifying supply with increased land borne providers, according to a report by Veson Nautical.