Australia dry bulk news

The Baltic Exchange has reported that after a positive start to the market, competition has led to strong movements across all shipping vessel classes.

The Baltic Exchange's most recent data has shown rising optimism across capesize, panamax, handysize, ultramax and supramax vessels.

More than two million t of trade have passed through the Port of Mackay in seven months, underlying the publicly owned port's versatility and importance to the region.

The Baltic Exchange has reported a steady decline for the panamax market but a modest resurgence elsewhere among dry bulk shipping classes.

The Baltic Exchange has released its latest update on the dry bulk shipping market for the week ending 16 February 2024.

Data from the Baltic Exchange has shown fluctuations in the market with ultramax and supramax vessels seeing the most positive changes.

NYK has held a naming ceremony for Japans first LNG-fuelled capsize carrier which will transport iron ore and coal from Australia to Japan.

Victoria, Australia, has released its Victorian Food and Fibre Export Performance Summary 2022-23, which shows positive increases in grain exports.

According to the Baltic Exchange the capesize market witnessed a mixed and evolving week with notable fluctuations in different regions.

Martin Engineering has announced the release of its new belt conveyor alignment system using widely available plate steel.