Dry cargo news

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.

It has been reported that a dry bulk shipping vessel owned and operated by Eagle Bulk Shipping was struck by a missile fired from Houthi-controlled areas of Yemen as it was transiting past the Gulf of Aden.

Wisdom Marine Group has selected Nippon Paint Marine to protect cargo and reduce maintenance costs with its ship hull coating NEOGUARD TOUGHNESS.

The Baltic Exchange has reported a decline in charter rates across multiple dry bulk vessel classes with no sign of abating.

At a global level the forecast for major wheat exporters' stocks have been raised with the USDA trimming its own forecast for domestic stock at the close of the season.

Geopolitical tensions and slowing economic growth was reflected in the annual figures of Port of Antwerp-Bruges which showed total throughput was down by 5.5%

The Erik Thun Group has announced the addition of four new vessels ordered with two being multi-purpose dry cargo vessels which will be built by Shipsveerf Ferus Smit B.V. in the Netherlands.

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