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European dry bulk news

BIMCO reports on Red Sea crisis

BIMCO has reported that an estimated 13% of world seaborne trade is under attack from Houthis and Somali pirates.

 

Capesize rates face downturn

The Baltic Exchange has reported that after a positive start to the market, competition has led to strong movements across all shipping vessel classes.

 

ClassNK bulk carrier receives ELW award

ClassNK has granted its Excellent Living and Working Environment (ELW) notation to ELETTRA, a bulk carrier owned by Fuyo Kaiun Co.,Ltd.

 
 
 
 
 
 

Handysize carrier Rubymar finally sinks

On 2 March the UK-owned bulk carrier, the Rubymar, finally floundered and sunk into the Red Sea after it was abandoned by its crew following a missile strike.