Dry Cargo

Ioannis Martinos-led technology start-up Signal Ocean and UK shipbroker Simpson Spence Young (SSY) are to work together to bring high-impact technology solutions to the commercial ship management of dry bulk carriers.

Vietnam’s increasing coal import volumes and shallow draft at bulk ports are fueling demand growth for the transhipment sector, according to transshipment logistics firm Shi.E.L.D. Services.

Japanese shipowner K Line is to build a woodchip carrier for a consecutive voyage contract with Nippon Paper.

India’s Essar Ports has registered a 20.1% year-on-year growth in cargo volumes with a throughput of 27.29m tonnes in the first half of financial year 2019-20, driven mainly by strong third-party cargo volumes.

The dry bulk shipping market is “slowly and steadily” recovering from years of sluggish earnings for operators as the demand-supply equation is getting to a better balance.

The dry bulk shipping market is “slowly and steadily” recovering from years of sluggish earnings for operators as the demand-supply equation is getting to a better balance.

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.