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Bulk Carriers

G2 Ocean Targets New Markets

Image: G2 Ocean

G2 Ocean,  a joint venture of two of the world's leading breakbulk and bulk shipping companies - Gearbulk and Grieg Star, has opened a new office in Hamburg, Germany, to achieve a stronger market position, and in response to increasing demand for project cargo services.“Germany is the manufacturing and engineering capital of Europe,

Diana Shipping Fixes Medusa with Cargill

Pic: Diana Shipping Inc

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 Kamsarmax dry bulk vessels, the m/v Medusa.The gross charter rate is US$11,000 per day, minus a 4.75% commission paid to third parties,

Klaveness Scales Down Supramax Biz

Pic by Klaveness Combination Carriers

Norwegian shipping company Torvald Klaveness will scale down its dry bulk shipping activity in the Supramax segment and focus on the Panamax to Post-Panamax units.Klaveness Combination Carriers has dry bulk as one of its target markets, and Klaveness Digital, through its CargoValue platform, offer a

Baltic Index Snaps 10-day Losing Streak

© naypong / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose on Tuesday after ten straight sessions of losses as rates for capesize vessels jumped.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, was up 9 points, or 0.

Vale cuts Iron Ore Sales Outlook Range

Brazilian iron ore miner Vale on Monday said it now expects sales of iron ore and pellets to be between 307 million and 312 million tonnes in 2019, further reducing its full-year outlook as it grapples with the aftermath of a deadly dam burst.Vale has been compelled to halt production at various facilities

Baltic Index Falls to Over 4-month Low

	© Volodymyr Kyrylyuk / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for the tenth consecutive session on Monday on waning demand across vessel segments.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 33 points, or 2.

2020 Dominates Dry Bulker Challenges

Pic courtesy: INTERCARGO

In view of the 0.5% global sulfur limit regulation implementation on 1 January 2020, International Association of Dry Cargo Shipowners (INTERCARGO) pointed out that the global availability of safe compliant fuels remains a key question that is largely still unanswered – especially for ships in the dry bulk tramp trades.

Baltic Index Down for 9th Session in a Row

© Infinitum Produx / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for a ninth straight session on Friday, on weaker demand for capesize and panamax vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 50 points, or 3.

Diana Shipping Sells Panamax Bulker

Pic: Diana Shipping

Diana Shipping announced that it has signed through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2005-built vessel “Clio”.The global shipping company specializing in the ownership of dry bulk vessels said that the delivery to the buyer is expected latest by November 29, 2019.

Baltic Index Falls for Eighth Straight Session

© Aleksey Stemmer / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for an eighth straight session on Thursday, weighed down by easing demand across vessel segments.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 105 points, or 6.

K Line Orders Newcastlemax

Image: K Line

Japanese shipping giant Kawasaki Kisen Kaisha (K Line) has placed an order for a 210,000 dwt bulk carrier at compatriot shipbuilder, Japan Marine United Corporation.The 108,900 gross ton vessel is being built for a consecutive voyage contract with JFE Steel and will be used to ship iron ore and coal.

Bulk Shanghai Joins 2020 Bulkers

Image: 2020 Bulkers

Norway-based dry bulk shipping company 2020 Bulkers has taken delivery of Bulk Shanghai, the fourth of eight 208,000 dwt Newcastlemax newbuilds.The 300-meter-long bulker, which commenced a 13-year bareboat charter with 2020 Bulkers, is owned by Norwegian shipping company Ocean Yield.Two further vessels are expected to be delivered by January 2020,

Newbuild Contract for 210,000 DWT Bulker

File Image: A typical "K" Line coal carrier (CREDIT: "K" Line

Kawasaki Kisen Kaisha, Ltd. has announced that construction contract for 210,000-dwt Bulk Carrier to be completed in 2021 fiscal year has been made with Japan Marine United Corporation.After delivery from the yard, the vessel will be put into a consecutive voyage as per contract signed with JFE Steel

CPO Tankers Becomes ZEABORN Tankers

Photo: Zeaborne

Claus-Peter Offen Tankschiffreederei (GmbH & Co.) KG (“CPO Tankers”) has now been renamed ZEABORN Ship Management Tanker GmbH & Cie. KG (“ZEABORN Tankers”). The company is part of Bremen-based ZEABORN Group since June 2019 and has started trading under its new name with effect from November 4,2019.

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