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Capesize market shows signs of improvement

The latest update from the Baltic Exchange has shown that the capesize market saw marginal improvement as other sectors also saw limited fixings.

 
 

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.

 

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.

 
 

A modest week for the bulk shipping market

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

 

Cetus Maritime takes over Nachipa Corp.

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