Dry bulk shipping market

Eastern Pacific Shipping has announced its order of an additional four dual-fuelled ammonia newcastlemax dry bulk vessels.

Maersk has amended its OC1 service between Oceania and the Americas by transporting cargo across Panama by rail to combat canal restrictions.

Bedeschi have secured a new contract for a coal transshipment system for construction at a shipyard in the Guangdong district before being deployed at its final destination in Indonesia.

Diana Shipping Inc. has announced that it has extended the time charter contract for the m/v Amphitrite, a post-panamax dry bulk vessel.

DNV's Alternative Fuels Insights (AFI) has found that there has been an increase in the uptake of alternative-fuelled vessels within the maritime sector, with methanol rising in popularity.

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 World Shipping Council, the International Chamber of Shipping and BIMCO have expressed their thanks to the 12 nations that have jointly condemned the attacks on ships in the Red Sea.

ESL Shipping has improved its rating in EcoVadis sustainability assessment from Silver to Gold, placing the company in the top 5% of companies in the industry assessed by Ecovadis.