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Asian dry bulk news

 
 
 

NYK signs MoU to develop biomass-fuelled ship

An MoU has been signed between Japanese shipping companies and Drax Group to develop the world's first biomass-fuelled ship and the technology to power it.

 
 
 

Russian weather lifts wheat prices

CRM Agri has reported that wheat prices are likely to increase after the USDA forecasted that wheat inventories will shrink.

 
 

Capesize market picks up pace

The Baltic Exchange has revealed that after an initially sluggish start to the week, the market eventually picked up pace again.