Dry bulk news

Here are some recent dry bulk news articles:

1. Dry Bulk Market Sees Slight Recovery in August

According to a report by Clarksons Platou, the dry bulk market saw a slight recovery in August, with the Baltic Dry Index (BDI) rising by 12% to 1,444 points. The improvement was driven by a decrease in supply and an increase in demand. (Source: Hellenic Shipping News)

2. Iron Ore Prices Surge on Strong Demand

Iron ore prices have surged to their highest level in over two years, driven by strong demand from steel mills in China. The price of 62% Fe iron ore has risen to around $130 per ton, up from around $90 per ton in June. (Source: The Australian)

3. Dry Bulk Fleet Growth Slows Down

The growth of the dry bulk fleet has slowed down in recent years, according to a report by Drewry. The report notes that the fleet growth rate has slowed down due to a decline in newbuilding orders and a decrease in demolition activity. (Source: Splash 247)

4. CMA CGM to Launch New Dry Bulk Service

CMA CGM has announced plans to launch a new dry bulk service, which will connect the Mediterranean with the Indian Ocean. The service will operate on a weekly basis and will offer a range of cargo options, including grains, coal, and iron ore. (Source: TradeWinds)

5. Dry Bulk Carriers Face Challenges in Post-Panamax Era

The shift to larger vessels in the post-Panamax era has created challenges for dry bulk carriers, according to a report by Alphaliner. The report notes that the larger vessels have reduced the number of port calls and increased the complexity of operations. (Source: Lloyd's List)

6. China's Dry Bulk Demand to Remain Strong

China's demand for dry bulk commodities is expected to remain strong in the coming years, driven by the country's economic growth and infrastructure development. The country's demand for iron ore, coal, and grains is expected to increase, driving up demand for dry bulk vessels. (Source: Maritime Executive)

7. Dry Bulk Market Faces Challenges from IMO 2020

The dry bulk market is facing challenges from the implementation of IMO 2020, which has led to an increase in fuel costs and a decrease in vessel speeds. The increased costs and decreased speeds have reduced the profitability of dry bulk vessels. (Source: Ship Technology)

8. Dry Bulk Carriers to Benefit from Increased Grain Trade

The dry bulk market is expected to benefit from increased grain trade, driven by a decline in global grain stocks and an increase in demand from countries such as China and India. The increased trade is expected to drive up demand for dry bulk vessels. (Source: Grain Central)

9. Dry Bulk Fleet to See Slow Growth in 2023

The dry bulk fleet is expected to see slow growth in 2023, driven by a decline in newbuilding orders and a decrease in demolition activity. The slow growth is expected to lead to a decrease in the number of available vessels and an increase in charter rates. (Source: Splash 247)

10. Dry Bulk Carriers to Focus on Sustainability

Dry bulk carriers are expected to focus on sustainability in the coming years, driven by increasing pressure from regulators and customers to reduce emissions and improve environmental performance. The focus on sustainability is expected to lead to the adoption of new technologies and the implementation of more efficient operating practices. (Source: Maritime Executive)