Dry cargo shipping news
Dry Bulk market completes another week of correction
The Baltic Exchange has reported that the dry bulk shipping market has seen another week of corrections during the third week of December.
BIMCO and global mining companies release paper on bulk trade digitalisation
BIMCO have formed a working group, the Metals and Mining Digitalisation Forum, with four global mining companies which have published a position paper proposing the adoption of digital technologies.
Teck and Oldendorff announce collaboration on rotor sails project
Teck Resources and Oldendorff Carriers have agreed to outfit a bulk carrier with rotor sails to reduce emissions.
WinGD signs partnership for ammonia engines
Swiss marine power company WinGD has finalised a four-way partnership to deliver CMB.TECH ammonia engines.
APM Terminals and DP World launch Zero Emission Port Alliance at COP28
APM Terminals and DP World have announced the formation of the Zero Emission Port Alliance (ZEPA), an industry-wide coalition with the vision to accelerate port decarbonisation.
Star Bulk has repurchased 10 million of its common shares
Star Bulk has completed the second repurchase of 10 million of its common shares from Oaktree.
The dry bulk shipping market has seen increased strength
At the end of November the positive momentum seen throughout the month continued with all bulk vessel classes seeing strong growth.
The Panama Canal Port Authority have addressed the issue of water shortage head on
The Panama Canal Port Authority has been working on solutions to the issue of low water levels with a focus on saving water.
WinGD has debuted Variable Compression Ratio technology
WinGD has debuted its Variable Compression Ratio technology to be installed on two new dual-fuel LNG powered newbuilds for NYK Line.
Diana Shipping has announced a time charter contract for m/v New Orleans
Diana Shipping Inc. has announced a time charter contract with Kawasaki for the capesize dry bulk vessel m/v New Orleans.