ShippingWatch

Record number of dry bulk ships traded in March

The thriving dry bulk market boosted the purchase and sale of ships in the first quarter. In March, a record-high number of more than 100 dry bulk ships were sold in one month.

Photo: PR / Eagle Bulk

The month of March sets a record-high for the number of dry bulk ships purchased and sold in a single month.

The dry bulk market is currently seeing the highest rates in 10 years, as well as the lowest orderbook ever for the sector, which have resulted in a historically strong market for dry bulk, writes Maritime Strategies International in its monthly report, Horizon, on the dry bulk market.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Esvagt strikes huge deal with Totalenergies

The French oil major expands its partnership with the Danish service carrier, which secures long-term contracts on eight vessels that will now deliver far more than safety solutions. The agreement is expected to create jobs for more than 160 seafarers.

Western Bulk aims for listing in third quarter

The strong dry bulk market is prompting Norway's Western Bulk to aim for a listing in the third quarter. The carrier projects that the market will strengthen in the second half of the year.

Further reading

Related articles

Trial banner

Latest news

See all jobs