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Fredriksen's Seatankers orders Newcastlemax Newbuilds 15 April 2024 their recent ordering spree, which commenced earlier this year with up to eight conventionally fuelled Very Large Crude Carriers (VLCCs) at Dalian Shipbuilding Industry Co (DSIC), set to be delivered within the next two to three years. Notably, this is... Type: Article Category: Markets & trade OTEKO's coal expansion unveiled 15 April 2024 With a loading speed designed for 8 thousand tons of coal per hour, the terminal can efficiently service Capesize bulk carriers with a deadweight of 220 thousand tons daily. Vitaly Tsybulsky, the general director of OTEKO bulk terminal, lauded the... Type: Article Category: Ports & handling Industry giants collaborate on ammonia-fueled ships 12 April 2024 and the commercialization of ammonia-fueled ships, with a pilot project involving 200,000 deadweight ton class bulk carriers. The execution of this MOU signifies a significant milestone in the maritime industry's quest for sustainable fuel alternatives.... Type: Article Category: Equipment & technology Oldendorff revolutionizes port operations 11 April 2024 Innovative solution to enhance efficiency and transparency (CW Group) Smart Maritime Network unveils Oldendorff Carriers' partnership with Greek technology firm Harbor Lab to implement its disbursements data platform for port transactions. Oldendorff's... Type: Article Category: Ports & handling Star Bulk seals Eagle Bulk merger 10 April 2024 Major consolidation in dry bulk shipping (CW Group) MarineLink notes that Star Bulk Carriers has successfully finalized its acquisition of Eagle Bulk Shipping Inc., marking a significant consolidation in the dry bulk shipping industry. The USD 2.1... Type: Article Category: Markets & trade Dry bulk fleet ageing amidst sluggish demolition activity 10 April 2024 Xclusiv highlighting a decline in scrapping rates. According to Xclusiv, during 1Q2024, 1.77 million DWT of bulk carriers and tankers were scrapped, up from 1.16 million DWT in 4Q2023. However, the dry market has seen subdued recycling activity since... Type: Article Category: Markets & trade Spanish company strikes lucrative deal in China 10 April 2024 a recent development reported by El Mercantil, Empresa Naviera Elcano has successfully sold two 2005 bulk carriers to Chinese interests, reaping significant returns in the process. The company, chaired by María del Rosario Martín Alonso, capitalized on... Type: Article Category: Markets & trade Gearbulk expands fleet with new bulker contracts 09 April 2024 according to Splash247.com, has entered into agreements for the construction of up to four ammonia and methanol-ready bulk carriers at CSSC Huangpu Wenchong Longxue shipyard in China. The contract encompasses the construction of two firm vessels,... Type: Article Category: Equipment & technology Turkmen Shipyard secures IMO numbers for bulk carriers 08 April 2024 and repairing yard has obtained IMO numbers from the International Maritime Organization for two 6100-tonnage bulk carriers currently under construction in collaboration with Koryo Shipbuilding Industry Technology. IMO numbers, introduced in 1987 by the... Type: Article Category: Equipment & technology Bulk carrier giant's major expansion 08 April 2024 rebranded in February 2024, emphasizing its commitment to service excellence and innovation. Currently boasting 11 bulk carriers in its fleet, averaging 6 years in age, the company also has 18 chartered bulk carriers and plans for 10 new deliveries... Type: Article Category: Equipment & technology KfW IPEX-Bank backs eco-friendly bulk carrier project 03 April 2024 shipping group C. Armateurs, a part of the Cobelfret group, in modernizing its fleet with eco-friendly bulk carriers. The financing will facilitate the construction of two identical Kamsarmax dry bulk carriers at the Japanese shipyard Oshima... Type: Article Category: Markets & trade Increase in bulk cargo traffic boosts Japdeva's prosperity 03 April 2024 Canal and Puerto Caldera, prompting a shift in shipping routes. Executives at Japdeva highlight the arrival of more bulk carriers, primarily transporting rice, corn, and soybeans from the United States, marking a strategic turn towards the Caribbean.... Type: Article Category: Markets & trade Thriving second-hand bulk carrier market 03 April 2024 to Eworldship.com, the first quarter of 2024 witnessed robust demand for second-hand bulk carriers, with notable increases in transactions across various ship types. In the first three months of 2024, the second-hand dry bulk carrier market experienced... Type: Article Category: Equipment & technology Fujian Air China bulk carrier deal 03 April 2024 reports that Fujian Air China Ocean Shipping (Group) announced its intention to sign an operating lease contract for bulk carriers and provide guarantees. In a move aimed at strengthening long-term business ties, Fujian Air China Ocean Shipping (Group)... Type: Article Category: Markets & trade Severnaya Verf Shipyard eyes grain carrier proposal 02 April 2024 the future. Rosagroleasing JSC has reached out to Russian shipbuilding enterprises with proposals for constructing grain carriers with capacities of 40,000 and 60,000 tons. The Russian Ministry of Agriculture estimates the current demand for grain... Type: Article Category: Markets & trade Hantong secures six bulk carriers deal 01 April 2024 a significant contract with Pioneer Logistics, a Singapore-based owner, for the construction of six 63,500dwt bulk carriers. This marks Pioneer Logistics' debut order in the bulk carrier newbuilding segment. This milestone agreement underscores Pioneer... Type: Article Category: Equipment & technology Partnership launches liquefied CO2 transport service 01 April 2024 2050, is poised to lead the way in low-carbon and carbon-free operations. Their forthcoming operation of liquefied CO2 carriers for the Northern Lights project, the world's first full-scale CCS project, underscores their dedication to this cause. Nippon... Type: Article Category: Markets & trade Maritime expert joins Brookes Bell’s Asia-Pacific team 29 March 2024 region. Captain Haron brings over a decade of seagoing experience, including commanding multipurpose vessels with Pacific Carriers Limited. His expertise spans diverse cargoes, encompassing breakbulk, steel, project, bulk, and grain cargoes.... Type: Article Category: Markets & trade BW LNG expands fleet with high-specification vessels 27 March 2024 LNG, a subsidiary of BW Group, specializes in floating gas infrastructure solutions, with a fleet comprising over 30 LNG carriers and FSRUs. BW Group, established in 1955 by Sir YK Pao, controls a diverse fleet of over 490 vessels transporting oil, gas,... Type: Article Category: Equipment & technology Jiangsu's ship export increase 27 March 2024 year-on-year increase in ship exports, totaling 18.24 billion yuan. Notably, key ship types such as container ships, bulk carriers, and tankers experienced exponential growth, with export values doubling. Container ships led the charge at 8.89 billion... 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