In 2018, freight derivative volumes in the tanker market rose by 20%, volumes in the dry market rose 1.4%, and dry options volumes rose by 44%.
The time charter contract with SwissMarine Services S.A. is for one of its capesize dry bulk vessels, the m/v Seattle.
Genco Shipping & Trading Limited has implemented a comprehensive fleet plan ahead of the IMO 2020 regulations.
A report by global shipping consultancy Drewry has predicted that charter rates will improve on present levels, as a result of moderate increases in vessel demand and low growth in vessel supply due to restrained new ordering and a thin orderbook.
Diana Shipping Inc. has entered into a time charter contract with Pacific Bulk for the capesize dry bulk vessel, m/v Semirio.
Genco Shipping & Trading Limited has taken delivery of two capesize vessels, and has entered into a new five year credit facility.
Safe Bulkers has invested in a second-hand capesize class vessel, which will be accretive to the company’s revenues and further expand its fleet and operations in the capesize market.
Genco Shipping & Trading Ltd is to acquire two South Koream capsize dry bulk vessels worth US$98 million.