
GMI expands hydrogen-powered bulker programme to four ships
Norwegian operator GMI Group has doubled its hydrogen-powered bulker programme to four vessels, supported by significant public funding and new cargo contracts.
Dry bulk market coverage across Capesize, Panamax, Supramax and Handysize segments — cargoes, fixtures and fleet.

Norwegian operator GMI Group has doubled its hydrogen-powered bulker programme to four vessels, supported by significant public funding and new cargo contracts.

Stronger long-haul demand from Brazil lifted Capesize sentiment this week, with brokers reporting a tighter tonnage list in the South Atlantic.

The vessels will be delivered from 2028 and are designed to allow conversion to methanol fuel at a later date.

The terminal is designed to handle bauxite and other mineral exports with a planned capacity of several million tonnes per year.

Capesize and Panamax strength outweighed softer Supramax sentiment, extending the index's recovery from its August low.
Elena MarshAnalysis

Period activity picked up in the Panamax segment as charterers sought cover against a firming forward curve.
Elena MarshFixtures

Fronthaul enquiry from the US Gulf improved as exporters positioned for the autumn corn and soybean campaign.

The dredging programme allows deeper draught loading and is expected to improve vessel utilisation on Far East routes.

The agreement covers Capesize and Newcastlemax liftings and underpins one of the fastest-growing long-haul dry bulk trades.
Elena MarshFixtures

Improved earnings and a limited orderbook have supported asset prices for modern and mid-aged tonnage.
Daniel OkaforAnalysis