Asian dry bulk news
AD Ports acquires majority stake in Tbilisi Dry Port
AD Ports Group has announced the signing of a purchase agreement with Inveco LLC to acquire 60% ownership in the Tbilisi Dry Port.
Larger vessel rates dip across shipping market
The Baltic Exchange has reported that there has been a noticeable dip in the dry bulk shipping market as larger vessel rates withdraw.
Iron ore inventories pile up in China
Bloomberg UK has reported that iron ore stockpiles in China are at their highest level in a year whilst steelmaking input has decrease.
India's coal import rises
PTI has reported that in the 2023 January-April period the number of Indian coal imports rose to 212 million t.
BIMCO reports on Red Sea crisis
BIMCO has reported that an estimated 13% of world seaborne trade is under attack from Houthis and Somali pirates.
DNV establishes Tanker and Bulker Expert Team in China
DNV has established a Tanker and Bulker Expert Team based in Shanghai. With strong global demand and fleet renewal planned, DNV was well prepared to support customers in these key segments.
Drydel announces the delivery of new charter bulk vessel
Drydel Shipping has celebrated the delivery of its newest charter-in vessel, the MV Twin Delight, in Imabari, Japan.
ESL Shipping to sell its supramax vessels
ESL Shipping has signed an MoU to sell its two supramax class vessels to companies belonging to HGF Denizcilik Ltd Sirket group.
DNV explores OCCS for kamsarmax
In January 2024 DNV entered into a Joint Development Project to cooperate on an OCCS feasibility study for SDTR Marine's kamsarmax bulk carrier.
Capesize rates face downturn
The Baltic Exchange has reported that after a positive start to the market, competition has led to strong movements across all shipping vessel classes.