Dry cargo news

Iron ore futures prices slipped, as traders took a cautious stance after rising stocks and weak steel margins counteracted with hopes that demand would pick up in China following a week-long Lunar New Year holiday break.

Klaveness Combination Carriers (KCC) has reported solid financial performance for 4Q23 with EBT of US$25.9 million and EBITDA of US$36.5 million.

Data from the Baltic Exchange has shown fluctuations in the market with ultramax and supramax vessels seeing the most positive changes.

The Association of American Railroads has released its report on US rail traffic for the week ending 3 February 2024, as well as volumes for January 2024.

AD Ports Group and Karachi Port Trust have extended their cooperation through a 25-year concession agreement for a bulk and general cargo terminal at Karachi Port.

Meadway Shipping has announced its plans to change the company's name to DryDel Shipping by the end of February 2024.

Seanergy maritime achieves key partnership with EU Funding and major industry stakeholders under SAFeCRAFT to revolutionise maritime propulsion for existing vessels.

According to the Baltic Exchange the capesize market witnessed a mixed and evolving week with notable fluctuations in different regions.

Diana Shipping Inc. has announced a new time charter contract for the dry bulk panamax vessel ,m/v Maera ,with ST Shipping taking on the vessel.

Pilbara Ports has reported that in December 2023 there was an overall increase in total monthly throughput when compared to December 2022.