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Wisdom Marine and Synergy forge partnership 02 January 2024 to optimize the operational safety and efficiency of Wisdom's extensive dry bulk tonnage fleet, comprising over 100 bulk carriers. This transformative partnership underscores Wisdom's commitment to sustainable practices and crew well-being. Last year,... Type: Article Category: Equipment & technology Modernizing U.S. ports 18 December 2023 alleviating congestion in traditional hubs. Walter Kemmsies of the Kemmsies Group notes the attractiveness for ocean carriers as ports enhance efficiency, facilitating quicker turnarounds. Copyright CW Group. All rights reserved. Unauthorized... Type: Article Category: Equipment & technology EGPN Bulk carrier expands capes fleet amidst stabilizing spot rates 14 December 2023 the current stability in spot rates. EGPN Bulk Carrier, which entered the shipowning realm in 2017 with a focus on bulk carriers before venturing into the tanker trades two years later, has expanded its portfolio. Earlier this year, the company made... Type: Article Category: Markets & trade Teck Resources' wind-powered bulker to transform coal shipping 13 December 2023 signifies a shared vision for a decarbonized supply chain, as emphasized by Patrick Hutchins, CEO of Oldendorff Carriers. Copyright CW Group. All rights reserved. Unauthorized distribution expressly prohibited. Type: Article Category: Equipment & technology Star Bulk and Eagle Bulk announce merger 12 December 2023 Deal to form largest U.S. listed dry bulk shipping company (CW Group) Star Bulk Carriers (Nasdaq: SBLK) and Eagle Bulk Shipping (NYSE: EGLE) have unveiled plans for an all-stock merger, forging the largest U.S. listed dry bulk shipping entity boasting... Type: Article Category: Markets & trade Vale's biofuel progress voyage 12 December 2023 initiative reported by Naucher Global, Brazilian mining giant Vale, in partnership with German shipping company Oldendorff Carriers, embarks on a groundbreaking biofuel test voyage using a Newcastlemax bulk carrier. The test voyage involves the Hinrich... Type: Article Category: Equipment & technology Panama Canal drought disrupts grain shipments 12 December 2023 of HJ O'Neil Commodity Consulting. As the Panama Canal struggles to manage demand with limited daily transits, grain carriers are rerouting via longer journeys, such as sailing around South America or Africa or using the Suez Canal. These alternatives,... Type: Article Category: Shipping & logistics Liaoning Port's iron ore innovation 12 December 2023 to transport them to Dalian Port for unloading. Subsequently, the materials are loaded onto smaller domestic trade bulk carriers, destined for Yingkou Port or Dandong Port for unloading. The final leg of the journey involves connecting the port to steel... Type: Article Category: Markets & trade Great Eastern expands fleet with 'Jag Amaira' Kamsarmax acquisition 11 December 2023 fleet. This brings the company's current fleet to a total of 43 vessels, including 29 tankers (comprising 6 crude carriers, 19 product tankers, and 4 LPG carriers) and 14 dry bulk carriers, with a cumulative tonnage of 3.41 million dwt. Financed... Type: Article Category: Shipping & logistics Oldendorff's rotor sails aid bulk carrier sustainability 11 December 2023 trade (CW Group) In an eco-friendly initiative reported by GCaptain, German dry bulk shipping company Oldendorff Carriers partners with Canadian mining company Teck to retrofit the 100,000 dwt vessel Dietrich Oldendorf with Norsepower Rotor Sails,... Type: Article Category: Equipment & technology Bulk shipping sees surge in New Orders, mixed trends in S&P market 07 December 2023 and notable ship sales shape maritime landscape (CW Group) Bulk shipping takes center stage as new orders for dry bulk carriers gain momentum, according to Hellenic Shipping News. Akmar secures an Ultramax vessel, and Greek buyers ink deals at Nantong... Type: Article Category: Markets & trade Teck and Oldendorff trsansform shipping with wind propulsion 07 December 2023 Innovative partnership to lower emissions in maritime transport (CW Group) Teck Resources Limited and Oldendorff Carriers GmbH & Co. KG have unveiled a groundbreaking collaboration to reduce CO2 emissions in maritime transport, as reported by... Type: Article Category: News New LNG plant for port Hedland unveiled 06 December 2023 friendly marine bunker fuel. Specifically, the focus is on providing cleaner fuel options for dry-bulk iron ore carriers navigating round trips between the Pilbara and Asia. Oceania's role in this collaboration is pivotal, as it commits to offering LNG... Type: Article Category: Equipment & technology Bulk carrier ammonia engines unveiled 06 December 2023 step in sustainable shipping. The collaboration includes a joint undertaking to power a series of 210,000 DWT bulk carriers to be delivered from Qingdao through 2025 and 2026, as reported by Offshore Energy. This monumental agreement represents the... Type: Article Category: Equipment & technology Star Bulk completes Oaktree repurchase 05 December 2023 Global shipping giant initiates share buyback (CW Group) Athens-based Star Bulk Carriers Corp. has successfully concluded its second repurchase of 10 million common shares from Oaktree Shareholders. The transaction, referred to as the "December Share... Type: Article Category: Markets & trade Vale teams up with Oldendorff for iron ore voyage 04 December 2023 shipping initiatives (CW Group) In a groundbreaking move towards sustainable shipping, Vale has partnered with Oldendorff Carriers to initiate its inaugural biofuel trial on a bulk vessel. The collaboration sees the trial unfold on an Oldendorff vessel... Type: Article Category: Markets & trade Black Sea corridor restores ship traffic 30 November 2023 and exit from the Ports of Odessa, as reported by the Ukrainian Ministry of Reconstruction. "On October 27, four bulk carriers exported nearly 130,000 tons of grains and 10,000 tons of metal to African, Asian, and European countries. Departing from the... Type: Article Category: Shipping & logistics RINA, PCF, and Oceania join forces for green LNG venture 30 November 2023 a 0.5 Mtpa capacity in Port Hedland, addressing the rising demand for cleaner marine bunker fuel for dry-bulk iron ore carriers in the Pilbara to Asia trade route. The plant's design, featuring a fully electrified setup powered by renewable sources,... Type: Article Category: Markets & trade Dry bulk fleet forecasted to grow in 2023 28 November 2023 on the supply dynamics in the bulk carrier industry throughout the year. In the initial eleven months of 2023, 416 bulk carriers were commissioned, adding a total deadweight tonnage (DWT) of 30.72 million. An expected increase of 2.59 million DWT by... Type: Article Category: Equipment & technology Greek and Chinese companies dominate global fleet's cargo capacity 24 November 2023 growth may outpace the Greeks' in the coming years. Both Chinese and Greek shipowners have substantial order books for LNG carriers and Pure Car Carriers (PCC), markets currently experiencing solid growth. Chinese owners hold the largest order books in... 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