Dry cargo shipping news

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

Diana Shipping has reported its financial results for 4Q23 and the year ended 31 December 2023 as well as the sale of the capesize vessel, the m/v Houston.

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.

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

Genco Shipping & Trading Ltd has reported its financial results for the three months and twelve months ended 12 December 2023.

Jinhui Shipping and Transportation Ltd. has announced that it has entered into a memorandum of agreement for the acquisition of a panamax vessel.

Sedna has launched its new digital technology, Pulse, an AI-driven solution designed to assist charterers as part of a digital maritime transformation.

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.

Western Bulk has published its second half and preliminary full year results for 2023 and has announced that Hans Aasnæs will step down from his position as CEO.

The Baltic Exchange has released its latest update on the dry bulk shipping market for the week ending 16 February 2024.