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Bulk Carriers

Baltic Index Dips to Near 1-Year Low

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The Baltic Exchange's main sea freight index fell to its lowest since February on Wednesday, hurt by a seasonal slowdown in demand amid higher costs for shipowners due to a new regulation for shipping fuels.The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 66 points, or 9.

Klaveness, Marubeni Form Panamax Bulker Pool

Image: Torvald Klaveness

Norwegian dry bulk operator Torvald Klaveness and Japanese trading house Marubeni have merged their panamax pool activities into a new jointly-owned pool management company called Maruklav Management.Maruklav, claimed to be the world's biggest panamax bulker pool, will be led by Michael Jørgensen as the company MD,

Baltic Index Slips to 9-Month Low

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The Baltic Exchange's main sea freight index fell to its lowest level since early April last year on Tuesday, weighed down by weaker demand for vessels across all segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 40 points, or 5.

Coal Carrier Sunshine Pride Delivered

Sunshine Pride (Photo: NYK)

Today, Sunshine Pride, an NYK-operated coal carrier for Joban Joint Power Co. Ltd., was delivered by Japanese builder Tsuneishi Shipbuilding Co. Ltd.Under a long-term contract, this vessel will be dedicated to the transport of coal to generate electricity at the Nakoso Power Station in the city of Iwaki, Japan.

Baltic Index Hits Nine-Month Low

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The Baltic Exchange's main sea freight index fell to its lowest level since April last year on Monday, dragged by falling rates across the capesize and panamax segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, dropped 25 points, or 3.

Tsuneishi Delivers 500th TESS Design Bulker

Image: Tsuneishi Shipbuilding

Japanese shipbuilding major Tsuneishi Shipbuilding delivered the 500th newbuilding in long running bulker range the Tsuneishi Economical Standard Ship (TESS).The TESS64 Aeroline bulker Sarita was delivered to Ugland Shipping by Tsuneshi Heavy Industries (Cebu) in November last year marked the 500th vessel of a TEES design to be delivered.

World Seaborne Coal Trade Rose 0.7% in 2019

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Seaborne coal trade around the world grew 0.7% last year, helped by higher output in China and Indonesia and more export activity by Indonesia, Australia, Russia and Canada, Germany's VDKI coal importers lobby said on Friday.Imports and exports, counted together, rose to 1.218 billion tonnes from 1.

Baltic Index Dips on Subdued Demand

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The Baltic Exchange's main sea freight index fell on Friday, as a fall in capesize vessel rates on weak demand outweighed gains in the other vessel segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, dropped 14 points, or 1.8%, to 754.

Safe Bulkers Sells, Leasebacks 8 Vessels

Image: Safe Bulkers

The Monaco-headquartered provider of marine drybulk transportation services Safe Bulkers Safe Bulkers has sold and leased back eight ships to refinance $105.2m in loans coming due in 2023 and 2025.The New York-listed bulker owner said that it will receive $158.3m in proceeds from the transaction.Under the arrangements,

Kawasaki Delivers Newbuild Bulker

Image: Kawasaki Heavy Industries

Japanese shipbuilder Kawasaki Heavy Industries  (KHI) has delivered the bulk carrier FJ Viola, with a capacity of 61,000 DWT, for F.J.Lines Inc. at the Dalian Cosco KHI Ship Engineering Co., Ltd. (DACKS).DACKS is located in Dalian City, China and operated jointly with China Cosco Shipping Corporation Limited.

Diana Shipping Fixes Astarte with Aquavita

Image: Diana Shipping Inc

Diana Shipping through a separate wholly-owned subsidiary, it has entered into a time charter contract with Aquavita International S.A., for one of its Kamsarmax dry bulk vessels, the m/v Astarte.According a press release from the global shipping company specializing in the ownership of dry bulk vessels,

Baltic Index Flat

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The Baltic Exchange's main sea freight index stayed flat on Thursday, as rise in demand for panamaxes offset fall in capesize rates, with the capesize index dropping to near 9-month low.The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, remained steady at 768.

MOL Intros Lighthouse Information Platform

Image: MOL

Japanese shipping company Mitsui O.S.K. Lines (MOL) has begun operation of a new data platform called ‘Lighthouse’, to provide real time transport information to dry bulk shipping customers and stakeholders.The platform is a service that allows those involved in the transport process, such as shippers and vessel operators,

Baltic Index Rises on Higher Demand

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The Baltic Exchange's main sea freight index that tracks rates for ships ferrying dry bulk commodities edged higher on Wednesday, helped by rising demand for panamax vessels.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 5 points, or 0.

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