Asian dry bulk news

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.

The Baltic Exchange has reported that the dry bulk shipping market has seen another week of corrections during the third week of December.

Lloyd's Register has awarded an Approval in Principle to NACKS for a methanol-fuelled 81 000 DWT bulk carrier.

Gulftainer has won the prestigious Gold Medal Health and Safety Award from the Royal Society for the Prevention of Accidents Award (RoSPA) for a sixth successive year.

The Board of Jinhui Shipping and Transportation Ltd has announced that a subsidiary of the company entered into a memorandum of agreement on 12 December for the disposal of a supramax at an initially estimated price of US$10.43 million.

Chinese company Jinhui Shipping and Transportation Ltd, has announced its entry into a Charterparty with Shining Steamship International S.A. for the leasing of the bulk carrier M.V. Ever Shining.