Asian dry bulk news

The Baltic Exchange has reported a decline in charter rates across multiple dry bulk vessel classes with no sign of abating.

Eastern Pacific Shipping has announced its order of an additional four dual-fuelled ammonia newcastlemax dry bulk vessels.

Safe Bulkers, Inc. has announced that it has entered into an agreement for the acquisition of a Japanese, 82 000 DWT, dry-bulk, kamsarmax class vessel.

Bedeschi have secured a new contract for a coal transshipment system for construction at a shipyard in the Guangdong district before being deployed at its final destination in Indonesia.

Grain Central reports that India has extended its tariff-free period for lentils to the 31 March 2025 in a move which the Australia pulse industry has welcomed.

China Shipbuilding’s and Lemissoler Navigation’s first methanol-Fuelled ultramax bulk carrier has received ABS approval.

The Baltic Exchange has reported that there has been a slow start to the 2024 dry bulk market with limited fresh enquiry in the ultramax sector and a sedated start for the panamax sector.

NYK Line has started to conduct full-scale trials for the long-term use of biofuels for its existing line of heavy dry bulk vessels in order to meet net-zero emission targets.

Wisdom Marine Group and Synergy Group have launched a strategic bulk carrier joint venture, Wisdom Synergy Ship Management.

'K' LINE has decided to implement JGreeX, the green-steel product manufactured by JFE Steel Corp., for an ultramax bulker set to be built by Imabari Shipbuilding Co., Ltd.