Dry Bulk
Stay informed with the latest news, analysis, and market insight for the dry bulk shipping industry through our expert coverage
Lack of multi-stakeholder forum for decarbonisation leaves shipping adrift
Malta Maritime Summit hears that progress towards developing alternative fuels has been slower than hoped-for and transition remains a ‘risky and chaotic’ proposition
Bulk carrier asset prices continue to rise as sellers hold the upper hand
Robust freight rates have translated into healthy profits for owners, reducing their incentive to sell vessels unless they get their desired price, said Xclusiv Shipbrokers
Genco expands fleet with $47.5m capesize acquisition
Genco Shipping has bought a 2016-built capesize for $47.5m. The acquisition, which comes against a backdrop of strong secondhand asset prices, will expand Genco’s capesize fleet to 17 vessels after its delivery
Capesize rates rebound after slow week
Some analysts suggest that extreme weather in China has changed the momentum of capesize rates; others say increased iron ore and coal demand are still driving the sector’s recovery
Bauxite boom underpinning capesize rates seen easing for 2025
UAE-backed Guinea Alumina Corporation says it is pushing ahead with plans to build an alumina refinery as the West African government signals it wants to refine more bauxite rather than exporting the raw material
Star Bulk sells its oldest bulker for $20m in hot secondhand capesize market
Nasdaq-listed Star Bulk Carriers announces sale of 2004-built capesize for $20m amid strong asset prices for bulkers. Data from shipbroker Xclusiv shows that the average price for a 15-year-old capesize has risen more than 40% so far this year
Market rebound helps Jinhui return to profitability in first half
The strong uptrend in rates was exacerbated by limited vessel supply, especially in the minor bulks trade, Jinhui said
Golden Ocean betting on capesizes amid possible tonne-mile tripling
The company is taking advantage of a healthy capesize TCE rates and believes its fuel efficient fleet means it will be in a good position to benefit from a strengthening market
Budding Hong Kong ship finance firm SeaKapital in joint venture with China’s Seacon
SeaKapital, set up by Hong Kong shipping stalwarts Sabrina Chao and Kenneth Lam, has moved quickly since being set up in April 2023
Bulk carrier asset prices continue to rise as sellers hold the upper hand
Robust freight rates have translated into healthy profits for owners, reducing their incentive to sell vessels unless they get their desired price, said Xclusiv Shipbrokers
Navigator Gas invests in US Gulf clean ammonia developer
New York-listed handysize gas carrier specialist Navigator Gas announced an investment in a clean ammonia developer Ten08 Energy alongside lead investor Attis Clean Energy. Ten08 is developing a blue and green ammonia production and export facility on the US Gulf coast, which is expected to begin operations in late 2029 or early 2030
Tanker vetting report reveals dark fleet safety concerns
A string of deficiencies revealed in a recent vetting report of a tanker that regularly carries Russian oil through environmentally sensitive waters and trade chokepoints underscores widespread fears about safety standards across the so-called dark fleet
Surprise capesize rate rebound fuels renewed dry bulk stock gains
Strong exports of iron ore from Brazil and bauxite from Guinea are boosting capesize spot rates this summer. US-listed dry bulk stocks, which suffered a pullback last month, are headed back upwards again
New bunker storage tanker in Panama as demand hits seven-month high
Bunker demand in Panama remains below previous years as canal transits yet to recover to seasonal averages
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