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...
Pacific Basin has set aside $73.84m for a proposed acquisition of four secondhand vessels including two handysizes and two supramaxes.
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.
Law firm HFW is continuing to beef up its Singapore shipping practice with the hire of partner Christopher Metcalf from Clyde & Co.