Dry cargo shipping news

Eagle Bulk Shipping has expanded its fleet with the purchase of a high-specification 2015-built Ultramax bulk carrier.

SSY Futures has released a statement analysing and supporting forward freight agreement (FFA) volume growth.

Euroports Mediterranean has strengthened its position by acquiring Carbon Puerto, a leading port operator in the Port of Seville.

Ken Sherman and Brian Cupp, IntelliTrans, USA, outline the factors currently causing disruption to the US dry bulk industry and offer a technological solution.

Carlo Robiati, Alexandre Claude, Rachna Rana, Giorgos Gerakakis, and Steven Devery, DBX, review the current state of the dry bulk industry, provide some critical supply chain analysis, and emphasise the importance of data to paving the industry’s way forward.

HGK Shipping has become the sole shareholder of BeKa HGK GmbH after taking the strategic decision to take over the remaining 60% of the company’s shares.

GAC Group has acquired Finland-based ESL Shipping’s Swedish subsidiary Norra Skeppningsgruppen (NSG), marking the second Swedish ship agency purchase by GAC this year.

Diana Shipping has extended the time charter contract with SwissMarine, Singapore, for one of its Post Panamax dry bulk vessels, the mv Alcmene.

Trelleborg has launched its latest fixed-installed piloting unit, SafePilot P3, in response to the Panama Canal Authority requiring a new positioning system for Neopanamax vessels.

Ocean Yield AS has agreed to acquire up to 10 Newcastlemax dry bulk newbuildings for a total consideration of up to US$576 million net of seller’s credits.