Asian dry bulk news

The Baltic Exchange reported that there have been general fluctuations and declining rates across all dry bulk vessel classes.

CRM Agri reported that low grain prices have encouraged Chinese purchases of US grain whilst EU wheat exports continued to struggle.

China Shipbuilding’s and Lemissoler’s first methanol-fuelled ultramax bulk carrier receives ABS approval.

Future Market Insights have forecast the demand for iron ore pellets to increase from US$66 503.9 million in 2023 to US$141 988.8 million in 2033.

Tsuneishi Shipbuilding Co., Ltd has ordered three methanol main engines to be included in the construction of three bulk carriers for Danish shipping company, J. Lauritzen.

Pacific Basin Shipping Ltd has announced the closing of a US$150 million deal for a Sustainability-Linked 3-year Senior Unsecured Committed Revolving Credit Facility.

CRM Agri has provided its latest update on the current state of the global price of wheat and grain.

At the end of November the positive momentum seen throughout the month continued with all bulk vessel classes seeing strong growth.

Vale, in partnership with Oldendorff Carriers, has commenced its first biofuel voyage with the Hinrich Oldendorff fuelled by residual cooking oil and fuel oil.

WinGD has debuted its Variable Compression Ratio technology to be installed on two new dual-fuel LNG powered newbuilds for NYK Line.