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Bulk Carriers

INSIGHTS: Peter Stephaich

Peter Stephaich, Chairman & CEO, Campbell Transportation Company

Chairman & CEO, Campbell Transportation Company.Peter H. Stephaich is Chairman and CEO of Blue Danube Incorporated and Campbell Transportation Company. Currently, he is also Chairman of the Board of the Waterways Council, Inc. (WCI). Peter also serves on the Board of Directors of Blue Danube, a position that he has held since 1982.

Kawasaki Delivers Bulk Carrier Divinegate

Image: Kawasaki Heavy Industries

Japanese public multinational corporation Kawasaki Heavy Industries (HKI)announced that it delivered the bulk carrier Divinegate for Indigo Marine Shipping at the Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS).According to a release, the bulk carrier has a capacity of 61,000 DWT and 199.90 meter length.

Castor Maritime Fixes Magic P with Oldendorff

Pic: Castor Group

The international shipping company specializing in the ownership of dry-bulk vessels Castor Maritime announced that, through a wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff Carriers GMBH & Co KG Luebeck for its Panamax vessel Magic P.The owners of a dry bulk

Dry Bulk Fleet Growth Stable

Pic: Pacific Basin Shipping Limited

Global dry bulk net fleet growth in 2018 was largely unchanged at 2.9% year on year due to reduced newbuilding deliveries and much reduced scrapping because of the improved freight market, said a report by Pacific Basin Shipping.The provider of international dry bulk shipping through the operation of

Scorpio Sells Seven Ships

Pic: Scorpio Bulkers Inc.

The provider of marine transportation of dry bulk commodities, Scorpio Bulkers announced that it has agreed to sell and leaseback three Ultramax vessels (SBI Pegasus, SBI Subaru and SBI Ursa) and four Kamsarmax vessels (SBI Lambada, SBI Macarena, SBI Carioca and SBI Capoeira) to CMB Financial Leasing.

Belships Gets USD140Mln to Expand Fleet

 Pic: Belships

Norway's dry bulk owner Belships Group has secured a USD 140 million loan facility. The loan replaces the Group's current senior debt of USD 105 million.The new loan will be available in two tranches, said a press release from the bulk ship operator and management company. An initial tranche

GSI Delivers VLOC to Berge Bulk

Pic: Berge Bulk

Singapore-based vessel owner and operator Berge Bulk has received the 300,000 DWT bulk carrier Berge Logan, which was built at China’s Guangzhou Shipyard International (GSI).The 327-meter-long  very large ore carrier (VLOC) is the largest bulk carrier in terms of deadweight to be built in Southern China.

Brazilian Soya Bean Exports Soar

© Auttapon Moonsawad/AdobeStock

According to a research note from BIMCO, Brazilian soya bean exports are up 85.2% in the first two months of 2019, this following a record high exports in 2018 of 83.6 million tonnes, which was a 22.7% increase from 2017.According to BIMCO, 2019 has seen the highest ever export of soya bean during the month of February.

Finnish Flag for All ESL Vessels

Pic: ESL Shipping

Finland-based shipping company ESL Shipping, part of the ASPO Group, has decided to reflag its new LNG-fueled bulk carrier Haaga to the Finnish flag.According to the carrier of dry bulk cargoes in the Baltic region, the reflagging of the newbuilding Haaga is as a part of the agreement with unions. Flag change took place today in Kokkola, Finland.

Diana Shipping Fixes 'Salt Lake City' with Cargill

Salt Lake City. Pic: Diana Shipping

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Salt Lake City.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$9,

Taiwanese Vessel Detained in New Zealand over Withheld Wages

Maritime NZ ©2019

Maritime NZ detained the Panama-flagged bulk carrier Daiwan Justice on Saturday, March 2, 2019, at Lyttelton after a complaint the crews’ wages had not been paid for almost four months.Maritime NZ Southern Regional Compliance Manager Michael Vredenburg said, the detention was lifted later on Saturday after the ship’s operator,

Eagle Bulk Back in the Black

Pic: Eagle Bulk Shipping

Eagle Bulk Shipping, a US-based fully integrated shipowner-operator engaged in the global transportation of drybulk commodities, has reported  a net income of $6.5 million for the three months ended December 31, 2018, compared to a net loss of $16.6 million in the fourth quarter 2017The Connecticut-headquartered

Diana Fixes m/v San Francisco with Koch

M/V San Francisco. Pic: Diana Shipping Inc

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v San Francisco.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$16,

Solomon Islands Oil Spill: More Help on the Way

Up to 75 tonnes of heavy fuel oil has dispersed across the island's sea and shoreline, contaminating the ecologically delicate area. Credit: DFAT

Australia is sending more help to the Pacific nation of the Solomon Islands to stop oil from a grounded cargo ship destroying a World Heritage-listed marine sanctuary, Australia's foreign minister said on Sunday.At least 75 tonnes of heavy fuel oil has spilled from Hong Kong-flagged bulk carrier Solomon

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