European dry bulk news

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.

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.

Wheat prices extended their soft start to 2024, weighed by crop improvement in the top US growing state with European wheat exports witnessing competitive growth from increased Ukrainian grain exports.

AD Ports Group has announced Noatum’s acquisition of APM Terminals Castellón in Spain for €10 million, strengthening Noatum's position in the western Mediterranean region.

Diana Shipping Inc. has announced the signing of a time charter contract with Cargill Ocean Transportation for the dry bulk carrier m/v DSI Pollux.

AtoB@C Shipping has taken delivery of a next-generation electric hybrid vessel Electramar which will see emissions reduced by 50%.

Simpson Spence Young has launched a carbon calculator to help clients navigate the transition into the European Union Emissions Trading Scheme (EU ETS).