European dry bulk news

ESL Shipping has completed the sale of the supramax vessels Arkadia and Kumpula.

OceanPal Inc. has released its report on its financial results for the first quarter ended 31 March 2024.

For the first two months of 2Q24 D/S Norden has made move to expand its existing fleet into the capesize ship sector.

ABB has introduced Optimal Speed Routing to help vessels enhance fuel efficiency and reduce emissions.

Diana Shipping Inc. has announced a time charter contract for the dry bulk carrier m/v Polymnia with shipping company Reachy.

Diana Shipping Inc. has announced a time charter contract for the post-panamax m/v Electra with shipping company Aquavita.

Inchcape Shipping Services has announced the acquisition of Grieg Logistics AS from the Grieg Group.

The EU have announced tariffs on grains and oilseeds from Russia and Belarus which are set to commence on 1 July 2024.

The Baltic Exchange has reported limited positive activity in the dry bulk shipping market with the exception of the capesize market segment.

The Baltic Exchange has reported that there have been some slight improvements across dry bulk market segments, namely in the handysize and capesize sectors.