Asian dry bulk news

Rio Tinto has celebrated shipping over 4 billion t of iron ore to China.

EPS has welcomed the sixth LNG dual-fuel bulker for charter with Rio Tinto.

NYK Bulkship has installed NYK group’s first wind-assisted ship-propulsion units.

The Baltic Exchange has reported that the week saw a move in the dry bulk shipping market to correct its course.

DryDel Shipping has expanded its fleet with a new contract for another ultramax newbuild.

ITOCHU, Nihon Shipyard, ClassNK and MPA, have signed an MoU for the joint study of ammonia-fuelled bulk carriers.

Price has been determined to be one of the major driving factors behind the importing of dry bulk commodities to China.

Seacon Shipping has offloaded one of its supramax bulk carriers, netting more than US$6 million in profit.

The Baltic Exchange has reported that there was an increase in capsize rates on the 5TC as other markets saw some gains.

BHP, Pan Pacific Copper, and Norsepower have deployed a wind-assisted propulsion system on a vessel which set sail in July 2024.