Dry bulk shipping - CrewMirror.com

Dry bulk coal shipping. ImagineStock/Shutterstock

Dry Cargo Shipping Sector Sees Recovery with Rising Baltic Dry Index and Investor Interest

The dry cargo shipping sector is on an upward trajectory, as shown by the Baltic Dry Index and interest from financial institutions like Deutsche Bank. The Capesize segment is particularly strong, with significant price increases suggesting a potential industry turnaround. Star Bulk and Genco are leading the way with strategic financial approaches and a focus on shareholder rewards. Investors are taking notice of the positive developments in this sector.

Safety Improvements in Dry Bulk Shipping Sector Noted by INTERCARGO

Positive Safety Trend in Dry Cargo Shipping Sector: INTERCARGO Report

1 year ago1 year ago2 mins

A new report by INTERCARGO shows a decade-long trend of safety improvements in dry cargo shipping, despite a 20% increase in tonnage. The annual Accident report monitors vessel losses and fatalities, with the latest findings revealing a significant decline in ship losses despite fleet growth. Safety measures and regulatory compliance are credited for this progress.

A drone view shows a flooded city center after people were evacuated in Porto Alegre, in Rio Grande do Sul state, Brazil, May 5, 2024. REUTERS/Renan Mattos

Brazilian grain port ravaged by floods

1 year ago1 year ago2 mins

Severe flooding disrupts road and rail links to a major grain port in southern Brazil, increasing freight costs. Grain arrivals in Rio Grande drop due to heavy rains. Despite normal port operations, water levels rise, affecting shipping. Rio Grande is a key port for soybean and soybean meal exports in Brazil.

Alfa Laval OceanGlide Fluidic Air Lubrication Chosen by Rio Tinto

1 year ago1 year ago2 mins

Alfa Laval will provide Rio Tinto with the OceanGlide fluidic air lubrication system, enhancing ship propulsion efficiency and energy savings. Rio Tinto selected OceanGlide for one of its bulk carriers to boost vessel energy efficiency and decarbonize shipping. The system reduces drag by 50-75%, leading to lower fuel consumption and CO2 emissions.

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