European dry bulk news

Inland shipping construction yard, Concordia Damen, is set to deliver two ‘CDS Dry Cargo 110’ vessels to Amer Shipping.

The Baltic Exchange has published its latest quarterly reporting, its ‘Investor Indices’, in which it reviews the impact of higher steel values on dry bulk carriers.

HPC was hired by HGK in 2022 to conduct a profitability analysis for the Cologne North intermodal traffic rail terminal, which contributed to the smooth transfer of operations to HUPAC SA.

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.

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.

Costamare has established a new dry bulk operating platform with a team of experienced professionals, who will join Costamare in investing in the new venture.

According to the latest reporting from Reuters, the UN, Turkey, and Ukraine are pressing ahead to implement a Black Sea grain deal, despite Russia suspending its participation.

In the first nine months of 2022, almost the same freight volume was handled in the Port of Rotterdam as last year, though there were some major underlying differences.

The Ports of Rotterdam and Gothenburg have signed a MOU for a green corridor initiative between the two ports.