Dry cargo news

The feasibility study will utilise a wing-shaped soft sail (manufactured by North Sails Japan, NSJ) set on derrick post of its bulk carrier to obtain wind power as assisting power for the ship’s propulsion.

The installation of the rotor sails on the ship is scheduled around September 2025.

The new charter period is expected to commence on October 11, 2024.

According to the Association of American Railroads (AAR), for this week, total US weekly rail traffic was 522 112 carloads and intermodal units, up 6 percent compared with the same week last year.

Pangaea Logistics Solutions and M.T. Maritime Management announce agreement to combine fleets of dry bulk vessels in all-stock transaction.

Drawing on extensive studies that analysed data from over 5600 bulk carriers, INTERCARGO has highlighted several key issues with the current CII system.

The partnership will leverage Procureship’s innovative e-procurement platform, which utilises automation and machine learning technology.

The Baltic Exchange provides an update on the Dry Bulk markets for Week 33.

The gross charter rate is US$14 000/d, minus a 5.00% commission paid to third parties, for a period until minimum July 15, 2025 up to maximum September 15, 2025.

Rio Tinto has celebrated shipping over 4 billion t of iron ore to China.