Dry Cargo

Oslo-listed Belships has entered into a seven-year bareboat charter for a 61,000-dwt ultramax newbuilding being built at a Japanese shipyard.

Diana Shipping has chartered a post-panamax dry bulk vessel to Al Ghurair Resources International in Dubai for a period of 12 – 14 months.

Panama Canal ended the 2019 fiscal year (FY19) with a record tonnage of 469m Panama Canal tonnes (PC/UMS), a 6.2% increase compared to FY2018.

With less than three months go until IMO 2020 comes into force availability of supply and quality of compliant low sulphur fuels remains a top concern for Intercargo.

Shipbroker Simpson Spence Young (SSY) is opening an office focused on dry bulk in Dubai next month.

Heavylift specialist AAL will expand its multipurpose fleet with the addition of four modern vessels to bring the company’s total operating tonnage to just shy of 740,000 dwt.

The Indian government is working on a plan to raise INR650bn ($9.25bn) through the sale of its equity holding in as many as five public sector undertakings (PSUs), including national carrier Shipping Corporation of India (SCI), refiner Bharat...

S&P Global Platts has launched a new Dry Bulk Capesize Earnings Index named CapeT4 Index to reflect tonne-mile demand on four key time-charter equivalent (TCE) assessments starting 1 October 2019.

Shipbrokers McQuilling Partners and IFCHOR have formed a joint venture of McQ-IFCHOR SA focused on the Latin American dry bulk chartering and advisory services.

In good news for owners for smaller, geared dry bulk vessels, as Chinese iron ore imports reach peak levels it will be minor bulks demand that will drive dry cargo in the coming years, according Maritime Strategies International (MSI).