Dry cargo shipping news

AD Ports Group and Karachi Port Trust have extended their cooperation through a 25-year concession agreement for a bulk and general cargo terminal at Karachi Port.

Castor Maritime Inc. has announced the sales of the M/V Magic Nova and the M/V Magic Horizon for an aggregate price of US$31.9 Million with an expected net gain of US$9.0 Million.

According to the Baltic Exchange the capesize market witnessed a mixed and evolving week with notable fluctuations in different regions.

Globus Maritime Ltd has announced the delivery of a 2024-built ultramax dry bulk vessel, Glbs Hero, expanding its fleet to seven vessels.

Diana Shipping Inc. has announced the sale of the m/v Artemis, a 2006-built panamax dry bulk vessel.

According to the Baltic Exchange, dry bulk shipping has seen positive growth in the Atlantic market with some minor decreases seen in South America and the US Gulf.

Taiwan’s Wisdom Marine has returned to Tsuneishi Shipbuilding with a deal for two newbuild kamsarmax bulk carriers set to be delivered in 2026.

Kawasaki Kisen Kaisha, Ltd and Nihon Shipyard Co., Ltd have entered into a contract for the construction of three post-panamax bulkers which have been developed and designed as next-generation, environmentally friendly ships.

Sailors' Society has launched an urgent crisis appeal following mounting concern over attacks on ships in the Red Sea.

The Port of Corpus Christi, Texas, US, marked a new record high in annual tonnage moved in a single year, with more than 200 million t of goods moving through the Corpus Christi Ship Channel.