Dry bulk shipping market

INTERCARGO stated at its ‘Solutions for Sustainable Dry Bulk Shipping’ event how the design of dry bulk vessels presented a challenge to decarbonisation efforts.

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

Castor Maritime Inc. has announced the Sale of the M/V Magic Moon for US$11.8 Million and the completion of the sale of the M/V Magic Phoenix.

Pyxis Tankers Inc. has announced that it has entered into a definitive agreement to purchase an 82 013 DWT dry bulk vessel built in 2015 at Jiangsu New Yangzi Shipbuilding.

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

Genco Shipping and Trading Ltd has acquired two high specification capesize vessels and has agreed to sell an older capesize vessel for US$19.5 million.

Safe Bulkers, Inc. has announced the sale of a 2015-built kamsarmax class dry-bulk vessel.

The Panama Canal Port Authority has made an additional auction slot available as well as modified some transit reservation system rules.

Initially gloomy market sentiments were replaced by positivity by the end of the week according to the Baltic Exchange.

BIMCO have reported that shipments of coal to advanced economies have fallen 17% as demand for electricity declined alongside a rise in the production of renewable energy.