Baltic index holds steady

01 May 2024 Capesize strength counters smaller vessel weakness (CW Group) Hellenic Shipping News reports that the Baltic Exchange's main sea freight index, a key indicator of rates for ships transporting dry bulk goods, remained relatively stable on Tuesday,...

• Type: Article
• Category: Markets & trade

INTERCARGO advocates ESG roadmap for dry bulk shipping

01 May 2024 Secretary General, embracing the ESG agenda is pivotal for innovation, resilience, and long-term success in the dry bulk shipping sector. The review highlights notable advancements in dry bulk ship safety over the past decade, accompanied by substantial...

• Type: Article
• Category: Markets & trade

OceanPal scores lucrative deal for Capesize vessel

01 May 2024 enhancing operational efficiency and focus. OceanPal's strategic moves underscore its commitment to navigating the shipping industry's dynamics while optimizing fleet management for sustained growth. The charter agreement's impact on revenue, coupled...

• Type: Article
• Category: Markets & trade

Fire halts traffic at Dardanelles Straits

01 May 2024 closure of the strait has implications for maritime navigation and underscores the challenges posed by incidents in vital shipping lanes. The evacuation of the bulk carrier's crew and the swift response by maritime authorities are indicative of...

• Type: Article
• Category: Shipping & logistics

Red Sea shipping volumes plummet

01 May 2024 IMF reveals stark decline in Red Sea shipping (CW Group)

• Type: Article
• Category: Shipping & logistics

Ningbo's maritime dominance

30 April 2024 The secrets behind Ningbo's shipping expansion (CW Group) [PAID={"id":"12,13,14","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]Ningbo Shipping's latest announcement, as reported by cnfeol.com, reveals a...

• Type: Article
• Category: Markets & trade

Dry Bulk Market update

29 April 2024 Turbulence hits larger bulkers (CW Group) According to Hellenic Shipping News, the dry bulk market witnessed challenging conditions, particularly impacting larger bulkers across various segments. Capesize vessels faced a tough week with persistent...

• Type: Article
• Category: Markets & trade

Safe Bulkers expands fleet with new kamsarmax acquisition

29 April 2024 to fleet expansion and modernization positions the company for continued growth and competitiveness in the dry bulk shipping industry. Copyright CW Group. All rights reserved. Unauthorized distribution expressly prohibited.

• Type: Article
• Category: Equipment & technology

AAL launches cutting-edge heavy lift vessel

29 April 2024 AAL Limassol embarks on maiden voyage (CW Group) Project Cargo Journal writes that AAL Shipping has achieved a significant milestone with the christening of its first Super B-Class heavy lift multipurpose (MPP) vessel, the AAL Limassol, at the CSSC...

• Type: Article
• Category: Equipment & technology

Diana Shipping secures time charter contract

29 April 2024 New charter agreement boosts fleet revenue (CW Group) Diana Shipping, according to Globe Newswire, has inked a time charter contract with Bulk Trading SA for its Ultramax dry bulk vessel, the m/v DSI Phoenix. Under the agreement, the vessel will be...

• Type: Article
• Category: Markets & trade

Dry Bulk Index declines

29 April 2024 content you tried to access is only available to paid subscribers.","link":"1"}]The latest report from India Shipping News highlights the March and April performance of the Drewry Dry Bulk Equity Index, revealing a 3.9 percent decline followed by a...

• Type: Article
• Category: Markets & trade

Baltic index slides

26 April 2024 Latest trends in dry bulk shipping (CW Group) The Baltic Exchange's main sea freight index, reflecting rates for ships transporting dry bulk commodities, recorded its fourth consecutive decline on Thursday, driven by reduced rates for larger vessel...

• Type: Article
• Category: Markets & trade

Diana Shipping secures charter for ultramax vessel

26 April 2024 Expansion and revenue boost in dry bulk sector (CW Group) Diana Shipping Inc. has announced the signing of a time charter contract for its Ultramax dry bulk vessel, the m/v DSI Phoenix, with Bulk Trading SA. The charter, set to commence on May 8, 2024,...

• Type: Article
• Category: Markets & trade

Costamare expands fleet

26 April 2024 Notable purchase in dry bulk sector (CW Group) According to Splash247.com, Costamare, a Greek shipping company listed on the New York Stock Exchange, has solidified its position in the dry bulk sector by acquiring a cape vessel from Nissen Kaiun. The...

• Type: Article
• Category: Markets & trade

Port Qasim cargo update

26 April 2024 Insights into current port activity (CW Group) Urdu Point reports bustling shipping activity at Port Qasim, with nine ships berthing carrying various cargoes. The vessels, including San Francisco, Atlantic Ibis, and Marathapolis, were loaded with...

• Type: Article
• Category: Ports & handling