A surge in Indian energy demand and a drawdown of domestic coal stocks over recent months is the latest feature likely to add more strain to a booming bulk sector where rates, especially for larger vessels, continue to climb.

As the dry bulk shipping market continues to boom Safe Bulkers has chartered a capesize for three years at $24,000 per day.

Liaoning Port Group and Rio Tinto (Shanghai) have signed agreement to jointly develop Northeast Asia blending iron ore operation and delivery centre at Dalian port, Liaoning province.

Taiwan-based Franbo Lines has announced it is adding three bulk carriers as part of its fleet expansion.

CDB Leasing (International) Company Limited, a wholly-owned subsidiary of China Development Bank Financial Leasing, is acquiring seven bulk carriers from SFL Corporation.

Berge Bulk CEO James Marshall is bullish about the next two years for dry bulk shipping as a fundamentally stronger market is “supercharged” by Covid related constraints.

The dry bulk shipowner Golden Ocean Group has inked an agreement for the construction of three 85,000 dwt eco-type kamsarmax vessels at a Chinese shipyard.

This year, for the period January-August, most of the vessels that entered the Panamanian Registry were bulk carriers.

In another sign that container shipping is reaching the insane freight and charter rate levels of dry bulk shipping supercycle in 2008 the new business opportunity is carrying containers on bulk carriers.

Canadian dry bulk shipping company Fednav has ordered ten new vessels with Japanese partners.