Buyer signs up to $2bn credit facility to fund acquisition, and is committed to fully acquire tanker owner in 2027.

The benchmark Baltic Dry Index (BDI) dropped below the psychological threshold of 1,000 points on Wednesday. The index dropped 4.83% to 966 points on 8 January.

Can the dry bulk shipping market turn around from the slump in Q4 2024, or will supply of new ships out weigh demand?

Michèle Labrut is a long-time Panama resident, a journalist and correspondent, and has continuously covered the maritime sector of Central & Latin America. Michèle first came to Panama as a ...