Asian dry bulk news

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.

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.