Capesize news

The Baltic Exchange has reported a decline in charter rates across multiple dry bulk vessel classes with no sign of abating.

The Baltic Exchange has reported that there has been a slow start to the 2024 dry bulk market with limited fresh enquiry in the ultramax sector and a sedated start for the panamax sector.

Indian Navy commandos secured the capesize bulk carrier, Lila Norfolk, after the vessel was boarded by six armed pirates off the coast of Somalia on the 4 January 2024.

Castor Maritime Inc. has announced the sale of the M/V Magic Venus for US$17.5 million with an expected net gain of US$3.5 million.

The Baltic Exchange has reported that the dry bulk shipping market has seen another week of corrections during the third week of December.

Star Bulk Carriers Corp. and Eagle Bulk Shipping Inc. have entered into a definitive agreement to combine their assets and create a global dry bulk leader.

The Baltic Exchange reported that there have been general fluctuations and declining rates across all dry bulk vessel classes.

At the end of November the positive momentum seen throughout the month continued with all bulk vessel classes seeing strong growth.

2020 Bulkers has converted the index-linked time charters for Bulk Sandefjord, Bulk Shenzhen, Bulk Sydney and Bulk Santos to fixed rate time charters.

Diana Shipping Inc. has announced a time charter contract with Kawasaki for the capesize dry bulk vessel m/v New Orleans.