Asian dry bulk news

Diana Shipping Inc. has announced a time charter contract for m/v Philadelphia with NYK Line.

Ta-Ho has invested in digitalisation to reduce emissions and improve fleet management following a successful pilot programme.

Iron ore has benefitted from a strong start to 2024 thanks in part to rising prices and robust imports by Chinese buyers.

NYK held its first Dry Bulk Safety Conference in Athens, Greece, on 25 January which was attended by 74 participants from 36 Greek shipowners and other companies involved in the dry bulk business.

According to the Baltic Exchange the capesize market witnessed a mixed and evolving week with notable fluctuations in different regions.

Martin Engineering has announced the release of its new belt conveyor alignment system using widely available plate steel.

Globus Maritime Ltd has announced the delivery of a 2024-built ultramax dry bulk vessel, Glbs Hero, expanding its fleet to seven vessels.

Gulftainer has adopted RISE with SAP to digitally transform and enhance its regional and global operations as it navigates its wider digital transformation roadmap.

NYK joined the Taskforce on Nature-related Financial Disclosures (TNFD) Forum in December 2023 and became a TNFD Early Adopter on 9 January 2024.

According to the Baltic Exchange, dry bulk shipping has seen positive growth in the Atlantic market with some minor decreases seen in South America and the US Gulf.