Dry bulk shipping market
The Panama Canal Port Authority has released an advisory to shipping
The Panama Canal Port Authority has made an additional auction slot available as well as modified some transit reservation system rules.
The Baltic Exchange has reported on another week of improvement
Initially gloomy market sentiments were replaced by positivity by the end of the week according to the Baltic Exchange.
Coal shipments to advanced economies are down 17%
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.
The Egyptian NNC has purchased a new dry bulk carrier
The Egyptian dry bulk operator, National Navigation Co., has announced the signing of a contract to purchase the kamsarmax carrier Aplovrijenac.
Signal Group have seen increased optimism in the dry bulk market
Signal Group have reported that the dry bulk shipping market looked to have a more optimistic outlook with iron ore also experiencing a rally in price.
Diana Shipping has instigated the pro-rata distribution of warrants
Diana Shipping Inc. has announced the pro-rata distribution of warrants to purchase common stock.
Golden Ocean has announced its third quarter results
Dry bulk owner Golden Ocean has released its unaudited financial results for the third quarter of 2023.
Diana Shipping has announced a time charter contract for m/v DSI Andromeda
Diana Shipping Inc. has announced that it has entered into a time charter contract with Bunge for the M/V DSI Andromeda.
US soybean exports have hit a new high
According to the USDA China has been the world’s largest importer of US soybeans which has contributed to a marketing-year high.
Another week of positive momentum across bulk carrier classes
The Baltic Exchange has reported that there has been widely positive growth across all dry bulk carrier classes.