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.
Deputy Administrator Ilya Espino de Marotta has been appointed as the Panama Canal Port Authority's first Chief Sustainability Officer.
Martin Engineering has announced the release of its new belt conveyor alignment system using widely available plate steel.
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.
Maersk has amended its OC1 service between Oceania and the Americas by transporting cargo across Panama by rail to combat canal restrictions.
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.
The Panama Canal Port Authority have prepared plans to increase daily transits in January with the addition of six daily slots.