Asian dry bulk news

The Baltic Exchange has reported that after a positive start to the market, competition has led to strong movements across all shipping vessel classes.

ClassNK has granted its Excellent Living and Working Environment (ELW) notation to ELETTRA, a bulk carrier owned by Fuyo Kaiun Co.,Ltd.

US Central Command has confirmed the deaths of three sailors after a missile struck the m/v True Confidence.

On 2 March the UK-owned bulk carrier, the Rubymar, finally floundered and sunk into the Red Sea after it was abandoned by its crew following a missile strike.

The Baltic Exchange's most recent data has shown rising optimism across capesize, panamax, handysize, ultramax and supramax vessels.

Roll Group and KMC Line have signed a contract that will see Roll Group take possession of two wide deck carriers.

Jinhui Shipping and Transportation Ltd. has announced that it has entered into a memorandum of agreement for the acquisition of a panamax vessel.

CRM Agri has released their latest grain market data which revealed positive growth in the wheat, soya and corn.

Iron ore futures prices slipped, as traders took a cautious stance after rising stocks and weak steel margins counteracted with hopes that demand would pick up in China following a week-long Lunar New Year holiday break.

The Baltic Exchange has released its latest update on the dry bulk shipping market for the week ending 16 February 2024.