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Dry cargo shipping news

 
 

A modest week for the bulk shipping market

The Baltic Exchange has reported a steady decline for the panamax market but a modest resurgence elsewhere among dry bulk shipping classes.

 
 

Castor Maritime sell old kamsarmax

Castor Maritime Inc. has announced the sale of the M/V Magic Nebula for a price of US$16.2 million with an expected net gain of US$2.5 million.

 

Cetus Maritime takes over Nachipa Corp.

Global handysize owner and operator Cetus Maritime and South American based Nachipa Corp. have announced the amalgamation of both businesses into a singular entity.

 
 
 
 

EU council responds to Red Sea shipping crisis

The EU Council has launched EUNAVFOR ASPIDES. The objective of this defensive maritime security operation was to restore and safeguard the freedom of navigation in the Red Sea and the Gulf.