Dry cargo shipping news

AD Ports Group has announced the signing of a purchase agreement with Inveco LLC to acquire 60% ownership in the Tbilisi Dry Port.

The Baltic Exchange has reported that there has been a noticeable dip in the dry bulk shipping market as larger vessel rates withdraw.

Castor Maritime Inc. has announced that its board of directors has determined to effect a 1-for-10 reverse stock split of the company’s common shares.

CargoMetrics has released the first of their kind emissions and fuel consumption products for benchmarking, monitoring, and carbon trading conveniently available on AWS Data Exchange.

PTI has reported that in the 2023 January-April period the number of Indian coal imports rose to 212 million t.

BIMCO has reported that an estimated 13% of world seaborne trade is under attack from Houthis and Somali pirates.

A new Wärtsilä Corp. report has estimated that sustainable shipping fuels can reach cost parity with fossil fuels by 2035.

DNV has established a Tanker and Bulker Expert Team based in Shanghai. With strong global demand and fleet renewal planned, DNV was well prepared to support customers in these key segments.

Pilbara Ports has reported an overall decrease in throughput across its different operational ports and terminals.

Drydel Shipping has celebrated the delivery of its newest charter-in vessel, the MV Twin Delight, in Imabari, Japan.