US dry bulk news

Diana Shipping Inc. announce that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Paralos Shipping Pte. Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Maia.

Tekmar Group plc announce that it has secured a US$1.5 million contract with an existing Engineering, Procurement, and Construction (EPC) customer to supply engineered scour protection solutions for a major port infrastructure development in the Middle East.

CMB.TECH NV has completed the sale of eight vessels across its tanker and dry bulk segments, generating capital gains of around US$269.2 million.

Icon Energy Corp. announce that its board of directors has determined to effect a 1-for-5 reverse stock split of the Company’s issued common shares par value US$0.001.

Castor Maritime Inc. announces the signing of a sale and leaseback agreement for the M/V Magic Perseus, a 2013-built Kamsarmax bulk carrier vessel with a Japanese counterparty.

Safe Bulkers, Inc. announce that its Board of Directors declared a US$0.50 per share quarterly cash dividend on its Series C and Series D preferred shares.

Cristina Aleixendri, bound4blue, explains how wind-assisted propulsion can drive decarbonisation and deliver commercial advantage in bulk shipping.

Brian Warmkessel, Fuller Technologies, explains how upgrading an ageing self-discharging barge with a high-performance pneumatic pump brought new flexibility, capacity, and simplicity to cement logistics in Boston.

Hrishikesh Chatterjee, Everllence, outlines how advanced dual-fuel engine technologies are propelling the decarbonisation of the global bulk carrier fleet.

Adam Dennett, SpecTec, explores how digital asset management and proactive maintenance can reduce operational risk in ageing dry bulk fleets.