Dry Cargo

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).

The dry bulk shipping market is sensing good times ahead as a cloud of uncertainty over what is the most preferred ship profile for long term operation has put a brake on newbuild orders while scrubber retrofitting works are tightening supply...

ADNOC Logistics & Services is “seriously considering and studying” battery solutions for coastal trade routes, it was revealed today at the Seatrade ShipTech Middle East conference

China’s Shandong Shipping Corporation has signed eight tanker charter contracts with Royal Dutch Shell in the city of Jinan, Shandong province to provide shipping and logistics services to the oil major.

Pacific Basin has set aside $73.84m for a proposed acquisition of four secondhand vessels including two handysizes and two supramaxes.

Northern Chinese port of Yantai inked the strategic co-operation framework agreement with the world’s largest iron ore producer Vale to promote iron ore product sales and explore new opportunities.

Oman Shipping Company (OSC) is reinforcing its position in the dry bulk cargo market as it expands its fleet with recent newbuilding deliveries from a Chinese shipyard.

A Chinese bulker has been detained by the Australian authorities in Galdstone over tens of thousands of dollars in unpaid wages claimed by the crew.

China’s Yangzijiang Shipbuilding has clinched new orders to build five bulk carriers for Asian shipowners, bringing the shipbuilder’s value of new order contracts to a total of $395m.

Clipper Bulk is adding three handysize dry bulk vessels to its fleet.