Belships announces fleet expansion

Dry bulk shipping has grown significantly from 2013-2023, driven by advancements in technology, increased raw material demand, and changing trade patterns.

COSCO Shipping Development signed a deal for 42 bulk carriers, its largest since becoming a shipping and finance operator, valued at US$ 2 billion.

Diana Shipping has secured a time charter contract with Cargill for the Ultramax bulker DSI Pegasus at US$ 15,250 per day, starting September 4, 2024.

NYK has agreed with Kambara Kisen to time charter their first methanol-fueled bulk carrier, a 65,700 dwt vessel delivering in spring 2025.

Diana Shipping has chartered its 60,404 dwt Ultramax dry bulk vessel built in 2018 to Stone Shipping at $15,400 per day, minus a 5% commission.

ITOCHU, ClassNK, Nihon Shipyard, and Singapore’s MPA signed an MoU to jointly study the design and safety of ammonia-fueled ships.