Dry cargo shipping news

The Erik Thun Group has announced the addition of four new vessels ordered with two being multi-purpose dry cargo vessels which will be built by Shipsveerf Ferus Smit B.V. in the Netherlands.

Maersk has amended its OC1 service between Oceania and the Americas by transporting cargo across Panama by rail to combat canal restrictions.

Diana Shipping Inc. has announced that it has extended the time charter contract for the m/v Amphitrite, a post-panamax dry bulk vessel.

DNV's Alternative Fuels Insights (AFI) has found that there has been an increase in the uptake of alternative-fuelled vessels within the maritime sector, with methanol rising in popularity.

China Shipbuilding’s and Lemissoler Navigation’s first methanol-Fuelled ultramax bulk carrier has received ABS approval.

The Baltic Exchange has reported that there has been a slow start to the 2024 dry bulk market with limited fresh enquiry in the ultramax sector and a sedated start for the panamax sector.

Indian Navy commandos secured the capesize bulk carrier, Lila Norfolk, after the vessel was boarded by six armed pirates off the coast of Somalia on the 4 January 2024.

Castor Maritime Inc. has announced the sale of the M/V Magic Venus for US$17.5 million with an expected net gain of US$3.5 million.

The World Shipping Council, the International Chamber of Shipping and BIMCO have expressed their thanks to the 12 nations that have jointly condemned the attacks on ships in the Red Sea.

NYK Line has started to conduct full-scale trials for the long-term use of biofuels for its existing line of heavy dry bulk vessels in order to meet net-zero emission targets.