Asian dry bulk news

Berge Bulk has debuted its newest ship, Berge Mauna Kea, the first in a series of four hyper-efficient newcastlemax vessels.

The latest update from the Baltic Exchange has shown that the capesize market saw marginal improvement as other sectors also saw limited fixings.

China and India have lifted imports of seaborne thermal coal and have taken advantage of lower international prices to meet strong domestic demand for power.

Greek shipping company Drydel has placed its first order for new bulk carriers since its transition from Meadway Shipping and Trading.

Jiangsu Hantong has secured an order to construct six ultramax dry bulk carriers for Singapore-based owner Pioneer Logistics.

Port of Tangshan has announced its plan to build two new dry bulk berths to increase shipping capacity.

AD Ports Group has announced the signing of a purchase agreement with Inveco LLC to acquire 60% ownership in the Tbilisi Dry Port.

The Baltic Exchange has reported that there has been a noticeable dip in the dry bulk shipping market as larger vessel rates withdraw.

Bloomberg UK has reported that iron ore stockpiles in China are at their highest level in a year whilst steelmaking input has decrease.

PTI has reported that in the 2023 January-April period the number of Indian coal imports rose to 212 million t.