Supramax news

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.

'K' LINE has decided to implement JGreeX, the green-steel product manufactured by JFE Steel Corp., for an ultramax bulker set to be built by Imabari Shipbuilding Co., Ltd.

The Baltic Exchange has reported that the dry bulk shipping market has seen another week of corrections during the third week of December.

The Board of Jinhui Shipping and Transportation Ltd has announced that a subsidiary of the company entered into a memorandum of agreement on 12 December for the disposal of a supramax at an initially estimated price of US$10.43 million.

Star Bulk Carriers Corp. and Eagle Bulk Shipping Inc. have entered into a definitive agreement to combine their assets and create a global dry bulk leader.

The Baltic Exchange reported that there have been general fluctuations and declining rates across all dry bulk vessel classes.

At the end of November the positive momentum seen throughout the month continued with all bulk vessel classes seeing strong growth.

Initially gloomy market sentiments were replaced by positivity by the end of the week according to the Baltic Exchange.

Dry bulk owner Golden Ocean has released its unaudited financial results for the third quarter of 2023.

The Baltic Exchange has reported that there has been widely positive growth across all dry bulk carrier classes.