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Panamax: A passive and flat start to the Panamax market this week but positive sentiment built up throughout in most regions. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry Indices.
Seed cakes transported in containers continue to provide a risk in terms of causing container fires onboard and BIMCO urges the use of joint-industry guidelines to BIMCO members to improve safety for ship and crew.
Providing the joint-industry guidelines for the safe carriage of seed cake in containers.
A continued downward trend in Somali piracy has prompted leading shipping organisations to reduce the geographic boundaries of the ‘High Risk Area’ (HRA) for piracy in the Indian Ocean, which will apply from 1 September 2021.
We have seen the first signs of cooling in the Indian sub-continent markets this week, as steel plate prices declined by about USD 30/LDT in Bangladesh. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Panamax: A positive week in general with gains in both the Atlantic and Asian basins. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry Indices.