European dry bulk news

Diana Shipping Inc. has announced a new time charter contract for the dry bulk panamax vessel ,m/v Maera ,with ST Shipping taking on the vessel.

Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called 'Gemini Cooperation', which will start in February 2025.

Svend Stenberg Mølholt has been appointed the new Chief Commercial Officer at Inchcape Shipping Services.

Diana Shipping Inc. has announced that it has entered into a time charter contract with Stone Shipping Ltd, for one of its ultramax dry bulk vessels.

Sea, the intelligent marketplace for fixing freight, has launched a Carbon Exposure solution that enables customers to effectively measure and integrate their carbon exposure calculations with emissions targets.

The Baltic Exchange has reported a decline in charter rates across multiple dry bulk vessel classes with no sign of abating.

At a global level the forecast for major wheat exporters' stocks have been raised with the USDA trimming its own forecast for domestic stock at the close of the season.

Geopolitical tensions and slowing economic growth was reflected in the annual figures of Port of Antwerp-Bruges which showed total throughput was down by 5.5%

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.

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.