Dry bulk shipping market

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.

Marcor Stevedoring is planning to expand its floating terminal in Rotterdam with the development of a dry bulk terminal at the Steinweg Hartel Terminal.

United Maritime Corporation has entered into agreements with two unaffiliated third parties to purchase two high quality kamsarmax dry bulk vessels, with prompt deliveries.

In 2022, the Port of South Louisiana saw an annual increase in tonnage of nearly 10 million t of cargo – the first year it had seen a net increase since 2017.

Diana Shipping Inc. has announced a time charter contract for the m/v San Francisco with SwissMarine.

OceanPal Inc. has announced that it has entered into a time charter contract with Koch Shipping for its Capesize dry bulk vessel, the m/v Baltimore.