Dry cargo shipping news

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.

Bedeschi has been awarded the complete EPC contract from Voestalpine, an international steel maker, for a complex upgrade of their recently built Direct Reduced Iron (DRI) production plant at Corpus-Christi/Portland, Texas, US.

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.

Navios Maritime Partners L.P. has reported its financial results for the fourth quarter and year ended 31 December 2023.

Diana Shipping Inc. has announced the signing of shipbuilding contracts for two 81 200 DWT methanol dual fuel new-building kamsarmax dry bulk vessels.

Safe Bulkers Inc. has agreed to sell the oldest vessel in its fleet, the 2005-built panamax the m/v Maritsa.

Theo Mizzi, Project Manager at INVERTO, part of Boston Consulting Group has provided insight into the scale of the Red Sea shipping crisis.

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