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Bulk Carriers

Baltic Index Nudges Up, But Registers Fall for Third Week

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The Baltic Exchange's main sea freight index, which tracks rates for capesize, panamax and supramax vessels, rose on Friday, buoyed by an uptick in demand for capesize and panamax vesselsThe Baltic index rose 14 points, or 1%, to 1,415.However, the index registered a 4.2% weekly loss, marking its third straight weekly decline.

Scorpio Sells Another Bulk Carrier

© Max Wei / MarineTraffic.com

Scorpio Bulkers announced it has sold another bulk carrier, marking its seventh ship sale since revealing plans to pivot away from dry bulk shipping toward offshore wind services.The Monoco-based shipowner said on Thursday it reached a deal with an unnamed, unaffiliated third party to sell the 2016-built Ultramax SBI Zeus for approximately $18.

COVID-hit Bulk Carrier Leaves Australia

© Iwan Afwan / MarineTraffic.com

A Panama-flagged bulk carrier with a coronavirus outbreak on board has sailed from its anchorage off Port Hedland and is enroute to Manila, the Philippines.The clearance for the Vega Dream’s departure was given Wednesday by the Australian Maritime Safety Authority.The Western Australian Department of

Baltic Index Posts Worst Week in Three Months

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The Baltic Exchange's main sea freight index that tracks rates for ships carrying dry bulk commodities fell on Friday, registering its worst week in nearly three months, weighed down by weaker demand across vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels,

Scorpio Bulkers Sells Another Ultramax Amid Offshore Wind Pivot

The 200-meter SBI Hera is a Liberian-flagged geared bulker built by Japan's Mitsui Engineering & Shipbuilding Co. (Photo: © Des Upcraft / MarineTraffic.com)

Scorpio Bulkers said on Thursday it has sold another Ultramax bulk carrier, the sixth ship to leave its fleet since the Monoco-based shipowner announced plans to pivot away from dry bulk shipping toward offshore wind services. The sale of the 2016-built SBI Hera to an unnamed unaffiliated third party for $18.

Scorpio Bulkers Sells Two Ultramax Vessels

© Basil M Karatzas / MarineTraffic.com

Scorpio Bulkers, Inc. announced Wednesday that it has entered into agreements with an unaffiliated third party to sell two 2017-built Ultramax bulk carriers for approximately $34 million as the dry bulk shipping company continues its transition to offshore wind services.The ships, SBI Phoenix and SBI Samson,

Baltic Index Marks Worst Day in Two Months

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The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday to mark its worst day in over two months, hurt by falling capesize rates.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 95 points, or 5.

China Has Reportedly Banned Australian Coal Imports

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Australia is investigating media reports that China has stopped taking its coal shipments, Prime Minister Scott Morrison said on Tuesday, adding that such import quotas to support China's market were "not uncommon".Trade industry reports late last week suggested that some Chinese ports had been told

New Self-unloading Bulker Delivered to Algoma

Algoma Intrepid (Photo: Algoma)

Canadian shipping company Algoma Central Corporation announced it has taken delivery of its second Equinox 650-foot Class self-unloading dry-bulk carrier, Algoma Intrepid.The new vessel, the ninth Equinox Class vessel to join the Algoma fleet, has begun her voyage across the Atlantic to Canada from

Marine Travelift Hatch Crane Installed on VTB's New Barge

(Photo: Marine Travelift)

Fincantieri Bay Shipbuilding (FBS) in Sturgeon Bay, Wis., recently installed a Marine Travelift HTC 150D Hydraulic Hatch Crane on the Michigan Trader self-unloading barge delivered to VanEnkevort Tug & Barge.The Michigan Trader features an overall length of 740 ft X 78 ft beam X 45 ft depth. Once in service,

Klaveness Combination Carriers Takes Delivery of MV Bangus

 MV Bangus - Credit: KCC

Oslo-listed  Klaveness Combination Carriers  (“KCC”) has taken delivery of the MV Bangus carrier from New Yangzi Shipyard in China. KCC Tuesday said Tuesday the MV Bangus was the fifth of in total eight contracted CLEANBU combination carriers."The CLEANBUs are unique vessels both in terms of design,

Globus Maritime Buys Kamsarmax Vessel

While neither Scorpio, nor Global explicitly confirmed the deal for the SBI Conga, they've shared enough details to come to the conclusion that Global bought the vessel from Scorpio  - Credit: M.L. Jacobs/MarineTraffic.com

Dry bulk shipping company Globus Maritime has agreed to buy a 2015-built Kamsarmax vessel built by the Hudong-Zhonghua Shipbuilding shipyard, for $18.4 million, the company said Monday.While the company did not say which vessel exactly it was buying, nor from whom, it is worth noting that just a few days prior,

Top Global Traders Push to Cut Shipping Emissions

(File photo: Helge Hansen / Equinor)

Some of the world's biggest commodities and energy players on Wednesday launched an initiative to cut and track emissions from the ships they charter as efforts intensify to reduce the maritime industry's carbon footprint.About 90% of world trade is transported by sea, and the UN shipping agency the

Baltic Index Rises to Over One-year High

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The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to over one-year high on Friday as rates for capesize vessels surged on higher iron-ore demand.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 151 points, or 8.

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