INTELLIGENCE FILE · MARKET
Dry Bulk
Dry-bulk freight, vessel supply, commodity flows, chartering conditions and major trade-route developments.
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LATEST VERIFIED DEVELOPMENT
Zhonggu Logistics orders two 14,000-teu neo-panamax container ships
Chinese liner operator Zhonggu Logistics has ordered two conventionally fuelled 14,000-teu neo-panamax container ships at Hudong-Zhonghua Shipbuilding, its largest vessels ordered to date.
EXECUTIVE SNAPSHOT
Key developments
STORY TIMELINE
How the story evolved
IMPACT · KEY · relevance 29Zhonggu Logistics orders two 14,000-teu neo-panamax container shipsChinese liner operator Zhonggu Logistics has ordered two conventionally fuelled 14,000-teu neo-panamax container ships at Hudong-Zhonghua Shipbuilding, its largest vessels ordered to date.
IMPACT · relevance 24Almi Marine orders three more ultramax bulkers in ChinaGreek dry bulk owner Almi Marine Management has expanded its newbuilding programme with three 64,000-dwt ultramaxes at COSCO Shipping Heavy Industry’s Zhoushan yard, reportedly scheduled for delivery in 2030.
IMPACT · relevance 26Ningbo Marine Plans Five-Vessel Bulker ExpansionNingbo Marine has approved plans for five bulk carrier newbuildings in China, potentially adding 342,000 dwt to its fleet renewal programme. Together with four ultramaxes already lined up, the company’s prospective dry bulk orderbook could reach nine vessels and 598,000 dwt.
CORE · relevance 78Atlantic strength offsets weaker Capesize market in Baltic weekly reviewDry bulk performance diverged in the week of 18-22 August, as the Capesize market weakened while Atlantic demand supported Panamax, Ultramax/Supramax and Handysize rates, according to the Baltic Exchange.
CORE · relevance 100Dry bulk markets strengthen as tonnage tightens in key regionsBaltic Exchange data for 14-18 August 2023 showed gains across several dry bulk segments. Panamax, Ultramax/Supramax and Handysize markets benefited from healthy demand and tighter vessel availability, while Capesize performance varied between the Pacific and Atlantic.