Both companies credit a shared commitment to industry-wide decarbonisation as a driving force behind the five-year contract for five LNG dual fuel Newcastlemaxes
Bottlenecks And Inefficiencies Are Key Upside Risks For Dry Bulk Market: MSI
Port days and diverted voyages are having an unusually strong impact on market balances and will play a key role in the short term outlook
COVID Crisis: Gearbulk Changes Business Model Due To Continued Weak Dry Bulk Markets
The latest cost reduction measure initiated by Gearbulk is the renegotiation of charter rates with Japanese shipowners who have their vessels on long term charters to the company.
NYK Holds Annual Dry Bulk Safety Conference
NYK held its annual Dry Bulk Safety Conference at the company’s headquarters in Tokyo to share safety awareness and review trouble response for dry bulk vessels.
MAN ES Signs Major Service Agreement With Pacific Basin For 111 Dry Bulk Ships
MAN Energy Solutions, Hong Kong has signed a service agreement with Pacific Basin Shipping covering field, workshop and technical services on MAN main engines, generators and turbochargers aboard 111 dry-bulk ships.
Safe Bulkers Enters Agreement To Acquire Japanese Post-Panamax Class Dry-Bulk Vessel
Safe Bulkers, Inc. announced that it has entered into a Memorandum of Agreement with an unaffiliated seller to acquire a Japanese-built, dry-bulk, Post-Panamax class, resale, newbuild vessel.
New Finnish Shipping Company Acquires Its Third Ship
The ship will operate mainly in the Baltic Sea and the North Sea; it has excellent cargo capacity and can manage well even in difficult Nordic Sea ice conditions.
Self-Unloading Dry-Bulk Freighter Algoma Innovator Sails For Canada
Algoma announced that the recently completed Algoma Innovator, the first of two new Equinox Class 650’ self-unloading dry-bulk freighters has commenced its voyage from Croatia to Canada.
BIMCO: Q1 Requires Careful Handling As Seasonal Cargo Demand Drops In Dry Bulk
The first quarter of any year always represents a challenge for the shipping industry, with fewer cargoes being tendered and Chinese New Year in February creating recurring business issues.