Asian dry bulk news
Capesize market shows signs of improvement
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 boost seaborne thermal coal imports
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.
Drydel places order for first new bulker
Greek shipping company Drydel has placed its first order for new bulk carriers since its transition from Meadway Shipping and Trading.
Hantong secures six bulkers from Pioneer Logistics
Jiangsu Hantong has secured an order to construct six ultramax dry bulk carriers for Singapore-based owner Pioneer Logistics.
Tangshan port adds two large bulker berths
Port of Tangshan has announced its plan to build two new dry bulk berths to increase shipping capacity.
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.