Dry bulk shipping market

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.

Chinese company Jinhui Shipping and Transportation Ltd, has announced its entry into a Charterparty with Shining Steamship International S.A. for the leasing of the bulk carrier M.V. Ever Shining.

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

Pacific Basin Shipping Ltd has announced the closing of a US$150 million deal for a Sustainability-Linked 3-year Senior Unsecured Committed Revolving Credit Facility.

Star Bulk has completed the second repurchase of 10 million of its common shares from Oaktree.

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

CMB.TECH and Boeckmans have agreed to build 4 future-proof hydrogen-powered 5000 DWT general cargo vessels.

Grindrod Shipping Holdings Ltd has announced its unaudited financial results for the three months and nine months ended 30 September 2023.

The Panama Canal Port Authority has been working on solutions to the issue of low water levels with a focus on saving water.