Clean

LR2

LR freight levels in the MEG continued downward this week. The 75kt MEG/Japan TC1 index shed 54.44 points to WS190.56.

Capesize

Throughout the week, the capes witnessed a notable increase in activity after a slow start. This uptick is evidenced by the BCI 5TC, which commenced at $20,378 on Monday, experienced a slight dip on Tuesday, and rose to $26,079 by Friday's close.

Global Handysize owner and operator Cetus Maritime and South American based Nachipa Corp (Nachipa) are pleased to announce they are amalgamating their businesses.

Euronext wheat eased on Wednesday after a day-earlier rebound stalled and hefty export supplies continued to weigh on the market.

We are excited to announce the expansion of our operation activities into South America and the U.S. Atlantic region with the opening of our new office in São Paulo.

Other Highlights and Developments:

▪ Quarterly cash dividend of $0.075 per share declared for Q4 2023, an 11% annualized dividend yield

Στην πώληση του παλαιότερου capesize του στόλου της προχώρησε η εταιρεία Minerva Marine. Πρόκειται για το capesize Sapientza, χωρητικότητας 177736 dwt, μήκος 292 μέτρα το οποίο κατασκευάστηκε το 2008.

Mitsui O.S.K. Lines, Ltd. (MOL, President & CEO: Takeshi Hashimoto) today announced that the LNG Bunkering vessel named "Brassavola" (here in after referred to as "this vessel"), 100% owned by MOL and is chartered to

Equinor and the Indian fertiliser and petrochemical company Deepak Fertilisers have signed a 15-year agreement for supplies of liquefied natural gas (LNG) with deliveries starting in 2026.

MPC Container Ships (MPCC) announces further measures in its journey towards fleet renewal and decarbonization, showcasing the Company's commitment to industry innovation and long-term shareholder value.