rss icon Subscribe
desktop mobile

2020 Bulkers Fixes 3 Bulkers with Koch

Pic: 2020 Bulkers

Shailaja A. Lakshmi

Norwegian shipowner 2020 Bulkers has reached time charter agreements for three of its newbuildings with Koch Supply & Trading, a subsidiary of Koch Industries.

Bulk Sandefjord has secured a new 36 months time-charter at an index-linked rate, reflecting a premium to the Baltic 5TC index.

The time-charter also includes a profit-sharing of any economic benefit derived from operating the vessel´s scrubber. The 36 months time-charter replaces the previous 12-15 months time-charter at a TCE rate of USD 19,525 per day, gross.

Bulk Santiago will serve the charter party originally entered into for Bulk Sandefjord for 12-15 months employment at a fixed rate of USD 19,525 per day, gross.

Bulk Seoul will serve the charter party originally entered into for Bulk Santiago for 12-16 months employment at a fixed rate of USD 22,250 per day, gross.

All three time-charters will commence directly after delivery of the newbuildings from New Times Shipyard.

Jul 12, 2019



Leonardo CEO Dismisses Renzi's Idea of Tie-Up with Fincantieri

The chief executive of Italian defence group Leonardo on Friday dismissed the idea of a potential tie-up with shipbuilder Fincantieri recently floated by former Prime Minister

DNV GL Grants AIP for DSME Ethylene Carrier Cargo Tank

The certificates were presented at DSME’s booth at Gastech in Houston (left to right): Odin Kwon, Chief Technology Officer (CTO) of DSME, receives the AIP certificates from Johan Petter Tutturen, DNV GL – Maritime Business Director Gas Carriers (image courtesy of DNV GL)

At Gastech trade fair in Houston, DNV GL presented South Korea’s Daewoo Shipbuilding & Marine

Port of Cape Town Orders Workboat Pair

Photo: TNPA

Transnet National Ports Authority (TNPA) will secure two new workboats by 2022 to boost marine

Bulk Carriers

Algoma Acquires Croatian-Built Vessel

Pic: Algoma Central Corporation

Canadaian provider of marine transportation services Algoma Central Corporation has reached an

Weak Demand Drags Baltic Index Down

© alexmina / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk

BIMCO Pessimistic on Dry Bulk Market

Graphs: BIMCO

BIMCO expects the fundamental market balance in the dry bulk shipping to deteriorate in 2019 which

Maritime Apps