Capesize news

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

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

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.

NORDEN has acquired four capesize newbuildings to meet the strong demands from customers.

Anglo American has completed a 10-strong chartered fleet of lower emission, capesize, LNG dual-fuelled vessels.

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

Diana Shipping has reported its financial results for 4Q23 and the year ended 31 December 2023 as well as the sale of the capesize vessel, the m/v Houston.

Castor Maritime Inc. has announced the sale of the M/V Magic Nebula for a price of US$16.2 million with an expected net gain of US$2.5 million.

Minerva Marine has sold one of its oldest capesize dry bulk vessels, marking the company's first sale in almost 10 years.