Dry bulk shipping market

The International Association of Dry Cargo Shipowners (INTERCARGO) has reached a historic membership milestone as it now represents 32% of the global dry bulk fleet (total) DWT.

The Belledune Port Authority has signed an MOU with the Port of Rotterdam to work together on the movement of dry and liquid bulk commodities, with a focus on green products and clean fuels.

AD Ports Group has announced plans to expand its fleet with the purchase of five bulk carriers and three crude oil tankers.

The seaborne transhipment of goods at the North Sea Port declined in 1Q23 by 4% – the first decline in over two years.

The Port of Rotterdam has reported that it handled slightly less freight in 1Q23 than in 1Q22, although dry bulk cargo showed slight growth.

Supply and demand in the dry bulk sector is showing a clear upward trend, having weakened significantly at the start of this year, according to INTERCARGO.

BIMCO has launched the ‘25 by 25 pledge’, a commitment by some of the world’s biggest shippers in the bulk sector to increase their use of electronic bills of lading by 2025.

Associated British Ports (ABP) has welcomed Colin McLoughlin as its new Head of Operations for the Humber.

AD Ports Group has signed a 30-year concession agreement to develop and operate the Safaga Port in Egypt.

Vale has become an early signatory of the ‘25 by 25 Pledge’, launched by BIMCO as part of its ongoing effort to accelerate trade digitalisation and streamline bulk sector supply chains.