Bulkers News

 

China Goes from Driver to Brake for Crude Oil, Iron Ore and Copper

Aug 09, 2021

China has switched from driving global demand for major commodities to being a drag on growth, with July's customs data confirming the weakening trend for imports of crude oil, iron ore and copper.The exception to the trend was coal, but the sharp gain in July's imports of the polluting fuel are more a result of China having to go the seaborne market because of domestic policies that curbed local output…

As China's Renewable Energy Soars, Coal Peak in Sight

May 23, 2024

Between January and April 2024, China’s electricity generation from renewables surged 12% year on year, significantly outpacing the 6% growth in generation from fossil fuels. While steam coal shipments to China rose 29% year on year, they are starting to feel the pressure from stronger renewables…

One-third of Hin Leong Founder's Ships Sold to Pay Down Debt

Mar 01, 2021

About one third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part of efforts to repay billions of dollars of debt owed to creditors, two sources told Reuters.Accounting firm Grant Thornton…

Mackay Marine Open for Business in the U.A.E.

Apr 20, 2020

Mackay Marine announced the opening of its newest marine electronics service center, in Fujairah, U.A.E., located on the east coast of the Gulf of Oman.Mackay Marine–UAE provides Comm & Nav electronics sales and service to vessels in ports throughout the U…

Diana Shipping CEO Tests Positive for COVID-19

Mar 25, 2020

Simeon Palios, chairman and CEO of Greek shipowner Diana Shipping, has tested postitive for COVID-19, and the company's board has appointed his daughter, deputy CEO Semiramis Paliou, as acting CEO on a temporary basis.As of March 24, Diana's fleet consists of 41 dry bulk vessels (four Newcastlemax…

GoodBulk President Andrew Garcia Resigns

Mar 12, 2020

Monaco-based international owner and operator of dry bulk vessels GoodBulk has announced that Andrew Garcia has resigned from his position of president and director.The provider of marine transportation services said in a press release that…

Scorpio Bulkers Sells 3 Vessels

Mar 10, 2020

The provider of marine transportation of dry bulk commodities Scorpio Bulkers has entered into agreements with unaffiliated third parties to sell two ultramaxes and one kamsarmax for about $53.5 million in aggregate.The vessels are the SBI Jaguar and SBI Taurus…

Interview: Toyohisa Nakano Discusses "K" Line Green Initiatives

Mar 02, 2020

Last year Kawasaki Kisen Kaisha, Ltd. (“K” Line) – one of the world’s largest and most influential ship owners with 478 ships comprising 40.5 million DWT and more than 6,000 employees – celebrated its 100th anniversary. Toyohisa Nakano, Executive Officer…

Safe Bulkers Updates Charter Arrangements

Feb 26, 2020

International provider of marine drybulk transportation  Safe Bulkers said that two of its vessels - MV Kypros Sky and MV Kypros Spirit - were sold and leased back recently on a bare-boat charter basis for a period of eight years.The Monaco…

Klaveness, Marubeni Form Panamax Bulker Pool

Jan 21, 2020

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…

Diana Shipping Wins Ausca, Koch Charters

Dec 03, 2019

Diana Shipping  announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Kamsarmax dry bulk vessels, the m/v Myrsini.According to the global…

Star Bulk Sells Two Supramax Vessels

Nov 21, 2019

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced that it has agreed to sell the Star Cosmo, a 2005 built Supramax vessel and the Star Epsilon, a 2001 built Supramax vessel.'We…

Koch Extend Charters for Two 2020 Bulkers

Nov 17, 2019

Norway-based shipowner 2020 Bulkers announced that the time charters of two of its vessels with the global commodity trader Koch Supply and TradingUnder the new deal, the dry bulk shipping company vessels Bulk Santiago and Bulk Seoul will continue…

BDO: Shipping Confidence Rises

Mar 22, 2019

Even in the face of a raft of geopolitical and trade disputes that have conspired to instill uncertainty in many industries, confidence in the shipping industry rose in the last three months says the latest Shipping Confidence Survey from BDO…

Logistics News

Stena Prosperous Bunkers Methanol in Singapore

Stena Prosperous Bunkers Methanol in Singapore

Green Marine Lays Foundation for its New Global Structure

Green Marine Lays Foundation for its New Global Structure

Dredging of Suape’s Outer Channel Completed

Dredging of Suape’s Outer Channel Completed

Senate Environment & Public Works Committee Passes WRDA 2024

Senate Environment & Public Works Committee Passes WRDA 2024

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