Handymax news

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

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.

The Baltic Exchange's most recent data has shown rising optimism across capesize, panamax, handysize, ultramax and supramax vessels.

The Baltic Exchange has reported a steady decline for the panamax market but a modest resurgence elsewhere among dry bulk shipping classes.

Global handysize owner and operator Cetus Maritime and South American based Nachipa Corp. have announced the amalgamation of both businesses into a singular entity.

The Baltic Exchange has released its latest update on the dry bulk shipping market for the week ending 16 February 2024.

Data from the Baltic Exchange has shown fluctuations in the market with ultramax and supramax vessels seeing the most positive changes.

According to the Baltic Exchange the capesize market witnessed a mixed and evolving week with notable fluctuations in different regions.

According to the Baltic Exchange, dry bulk shipping has seen positive growth in the Atlantic market with some minor decreases seen in South America and the US Gulf.

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