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Nasdaq-listed Star Bulk Carriers has divested a 35% interest in two 2026-built kamsarmax bulkers to Hermes World Maritime, while retaining full commercial and technical management of the vessels.
Belgian shipowner CMB.TECH has completed sea trials for the Mineral Europa, the world's first ammonia-powered dry bulk carrier, marking the start of a 21-vessel decarbonisation programme.
Capesize rates faced downward pressure in the Pacific due to excess tonnage, while Atlantic demand and smaller vessel segments showed resilience.
Alkagesta has formed a joint venture with French steel trader Navex SAS to establish Alkanavex, marking the firm's formal entry into the global metals trading sector.
Thai dry bulk owner Precious Shipping has sold a 2011-built supramax and taken delivery of a new ultramax as part of its ongoing fleet modernisation programme.
The Baltic Dry Index has reached a two-year high, driven by an 8% surge in Capesize rates as weather disruptions and increased export volumes tighten vessel availability.
The ship leasing arm of China State Shipbuilding Corporation has ordered ten 80,000 dwt bulk carriers for $481m, marking a significant expansion of its dry bulk portfolio with deliveries set through 2030.