28868 members and growing – the largest networking group in the maritime industry!

LoginJoin

Wednesday, May 12, 2021

Bulk Carrier News

© M.L. Jacobs / MarineTraffic.com

Panamax Bulk Carrier Rates Hit Over 10-year High

The Baltic Exchange's main sea freight index on Wednesday climbed to a near 1-1/2-year high as panamax rates scaled a more than 10-year peak on China grain demand.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 88 points, or 4.4%, to 2,105, a peak since September 2019.The panamax index gained 211 points, or 8.9%, at 2,583, its highest since September 2010.Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60…

© Stena Bulk

Stena Bulk Debuts InfinityMAX Electric Vessel Design Concept

As shipping companies face mounting societal and regulatory pressure to decarbonize, innovative alternative designs are expected to become the norm rather than the exception. Stena Bulk unveiled the InfinityMAX hybrid bulk carrier concept, intended to push the boundaries for zero carbon, multi-modal vessel design. It is electric and modular, designed to enable sustainable, zero carbon, efficient and flexible seaborne transportation.The concept is designed to carry both dry and wet cargoes in modular compartments…

© owr / Adobe Stock

Handysize 38kt Time Charter Average FFA is 'Perfect Timing'

Forward freight agreement (FFA) trades for a basket of 38,000-dwt handysize time charter rates will help operators take longer-term cover with less risk, says shipbroker Simpson Spence Young.Following an ever-strengthening charter market, SGX have confirmed a launch date for the new offering as April 19, 2021, with EEX aiming for early May pending regulatory approval. Both exchanges are keen to promote clearing of the new contract.The handysize futures market was previously based on the Baltic Exchange's old 28…

James Tyrrell (left), newly-elected as chair of North P&I Club, pictured with Paul Jennings, North chief executive (Photo: North P&I Club)

North P&I Club Names Arklow Shipping's Tyrrell as Chair

North P&I Club has elected James Alexander Tyrrell as its new chair of the board, succeeding Pratap Shirke, in a change at the helm of the global marine insurer that also sees Ioanna Procopiou become the Club’s first female vice-chair.Tyrrell, a director of North member Arklow Shipping, takes up the role from February 4, having previously served as vice-chair of the North board. The formal announcement follows full approval by the Prudential Regulation Authority, which supervises around 1…

(Image: Scorpio Bulkers)

Scorpio Bulkers to Change Name to Eneti

Scorpio Bulkers announced Wednesday that it intends to change its name to Eneti Inc. as the company plans its pivot from dry bulk shipping to offshore wind farm construction and services.The name change, which remains subject to approval at a February 3 shareholders meeting, comes as a growing number of maritime and offshore oil and gas companies target opportunities in renewables.In August, NYSE-listed Scorpio Bulkers announced its intention to transition away from the business…


Khalifa Port’s South Quay commences operations with the arrival of the Alfred Oldendorff. (Photo: Abu Dhabi Ports)

Khalifa Port’s South Quay Now Operational

The first shipment, carrying bauxite, destined for Emirates Global Aluminium (EGA)’s Al Taweelah alumina refinery, called at Khalifa Port’s South Quay, marking the commencement of operations at the newly launched facility.The bulk carrier, Alfred Oldendorff, the first in several shipments to the South Quay for EGA, was swiftly followed by two large general cargo consignments, making use of the recently completed first phase of South Quay, offering a total of 650 meters of quay wall comprising two berths and 37…

© lesniewski/AdobeStock

As the Seafarer Crisis Continues, MSC Calls for Bulk Carrier Anastasia Resolution

The bulk carrier Anastasia, stuck off the coast of China with crew change request unheeded since mid-2020, has become a rallying point for MSC in urging governments to work together to find a solution.MSC Mediterranean Shipping Company is calling for an urgent crew change solution for the bulk carrier Anastasia, which is stuck off the coast of northern China, and is among dozens of ships in a waiting line near the port of Caofeidian.According to the company, MSC has repeatedly requested that the seafarers onboard should be relieved to return home to their families.

(Image: Wallenius Marine)

Wallenius Bets on Wind-powered Cargo Ships

Two centuries after the first coal-powered steamships crossed the Atlantic Ocean, a Swedish company is designing a futuristic throwback: a huge, wind-driven cargo ship that could help end the fossil fuel era and limit climate change.Shipping accounted for 2.9% of man-made greenhouse gas in 2018, and the industry’s share of planet-heating emissions has been rising in recent years, according to the U.N.’s International Maritime Organization.One solution may be to turn the clock back to pre-industrial times and again hoist sails to carry cargo around the world.Sweden’s Wallenius Marine AB…

INTERCARGO, The Standard Club, and DNV GL, have launched a new ventilation guide. Image: DNV GL

New Guidance Issues on Bulk Carrier Ventilation

Proper ventilation is essential to preventing damage to the cargo and to ensure the safety of the crew and vessel in bulk carriers. To provide ship’s masters and crew with an understanding of different ventilation requirements for bulk cargoes, INTERCARGO, The Standard Club and DNV GL, the world’s leading classification society, have launched a new ventilation guide.The guide covers the main aspects on how and when to ventilate to control of humidity and to remove flammable and toxic gases released from cargoes.

© Maksym Dragunov / Adobe Stock

Four New Dual-fuel Bulkers to Support U-Ming Charter Deal

U-Ming Marine Transport Corporation, Taiwan’s largest publicly listed bulk carrier company, secured a 10-year liquefied natural gas (LNG) dual-fuel dry bulk charter contract with global mining company Anglo American.A fleet of four LNG dual-fuel Tier III 190,000 DWT bulk carriers measuring 299 by 47.5 meters each will be built by Shanghai Waigaoqiao Shipbuilding (SWS) to support the charter. The new ships are expected to be delivered through 2023.The ships will be fitted with MAN Energy Solutions’ high-pressure ME-GI engines.

Pangaea Logistics Expands Use of Voyage Optimization System

Pangaea Logistics Solutions Ltd., a bulk carrier and ice class vessel owner/operator headquartered in Newport, R.I., expanded its partnership with Nautilus Labs to include a large part of Pangaea’s fleet of bulk carriers.Pangaea and Nautilus began their initial collaboration in October 2018 and have since committed to expanding it to 12 vessels in Pangaea’s fleet, as Pangaea seeks a solution that allows reliable capture of high frequency vessel data, analysis of fleet performance in real-time, and sending of operating recommendations to ships and operators to optimize each voyage’s outcome.

Book Review: New Guidance on Bulk Carrier Ops

Bulk carriers are the workhorses of international maritime trade. Those responsible for operating them need to manage significant risks inherent to the dry bulk trade. Certain cargoes can deplete oxygen, catch fire, explode, corrode holds or simply deteriorate. At terminals, the Master may come under pressure to accept cargoes that are too hot or wet, which could endanger vessel and crew.The dry bulk sector has made huge efforts to improve safety, but “there is no room for complacency and more work is needed…

SwiftBulk Opts for Fuel Monitoring Solution on Kamsarmax Thestelia K

Shipping company SwiftBulk Holding Co. Ltd, a subsidiary of Tiptree Inc., has partnered with FUELTRAX to install EFMS (Electronic Fuel Monitoring System) and FUELTRAX Vision on its 2009-built Kamsarmax dry bulk carrier vessel the Thestelia K (82,000 dwt).SwiftBulk is implementing FUELTRAX EFMS to improve operating efficiency, decrease environmental footprint with consumption tracking and improve operating transparency. The EFMS on board includes direct fuel measurements via Coriolis…

Anders Gronborg (Photo: Trafigura)

New TFG Marine CEO to Leave in September

The new chief executive of Trafigura's marine fuels joint venture TFG Marine will leave the business at the end of September, the company said on Monday without disclosing the reason for his departure.Anders Gronborg was appointed CEO in April after ending a 27-year career at World Fuel Services in 2018.The company and Gronborg have agreed to part in a "mutually agreed exit", a company spokeswoman said in an emailed statement, adding that his last day will be Sept. 30."The Board…

© Igor Strukov / Adobe Stock

Bahri Takes First of Four New Bulk Carriers

Saudi Arabian ship owner Bahri said it has taken delivery of the new Kamsarmax bulk carrier Sara, built by Hyundai Vietnam Shipbuilding (HVS), a subsidiary of Hyundai Mipo Dockyard Co. Ltd. (HMD).The 81,000 dwt vessel is the first in a series of four ordered by Bahri Dry Bulk from South Korea’s HMD in August 2017. The three remaining vessels are all scheduled to be delivered this year.The new ship will transport basic grains, such as wheat, barley, corn and other dry-bulk cargoes, for import into Saudi Arabia.The 229-meter newbuild increases the Bahri’s fleet of dry-bulk carriers to six ships.

Martyn Thomas is the Chief of Staff at Stream Marine Training Ltd (SMT Ltd.)

Profiles in Maritime Training: Martyn Thomas, Chief of Staff, Stream Marine Training Ltd. (SMT)

Martyn Thomas is the Chief of Staff at Stream Marine Training Ltd (SMT Ltd.) following many years working for both global training providers and cruise companies. SMT is a maritime skills and technology business providing fire-fighting, sea survival, survival craft and HSE training to the global maritime, oil and gas, renewables and construction industries.Thomas works out of SMT’s head office in Glasgow where SMT trains the majority of its theoretical based courses, including Alternative Fuels…

Bulk carrier M/V Trudy, part of MINSHIP’s managed fleet  (Photo: MINSHIP)

M/V Trudy Takes on Biofuel Bunkers in Rotterdam

Bavarian ship management company MINSHIP and its subsidiary MINMARINE said that a bulk carrier in their fleet of managed vessels, M/V Trudy, has successfully bunkered biofuel at the Port of Rotterdam.The biofuel bunkered by the 2009-built, 30,790-dwt bulk carrier on April 17 was GoodFuels’ sustainable Bio-fuel Oil MR1-100: which is a second generation sustainable biofuel produced from certified feedstock that is labelled as waste or residue.Since biofuel will be the only fuel burnt in the main engine of M/V Trudy for the next 8-10 days…

Image courtesy Jotun

Ship Hull Cleaning: Shipowners Should Be Proactive to Improve Hull Performance

While owners have long recognized the link between clean hulls and lower fuel costs, lack of reliable data has slowed investments in optimizing hull performance. But with improved sensor technologies and data analysis tools, hull performance is getting a second look. Owners seeking to lower fuel costs and comply with pending regulations on emissions and invasive species often look to equipment manufacturers to meet their needs. From new efficient engine designs to alternative fuels, scrubbers to ballast water treatments systems, owners face some expensive decisions.

Photo: BV

BV Performs First Survey by Drone

Bureau Veritas Marine & Offshore (BV) reports it has completed its first ever survey by drone, carried out in the holds of a bulk carrier in an Italian port.The scope was an intermediate survey on a bulk carrier and consisted of close-up inspections and ultrasonic thickness measurements (UTM) conducted by the drone in two cargo hold spaces. The required prior agreement from the flag authority was confirmed – all the more necessary as the ship is subject to the IMO Code for the Enhanced Survey Program (ESP).Remote Inspection Techniques (RIT) were reflected in BV’s rules in 2019.

Dry bulk carriers are the majority (195 ships/25.3 million DWT) of the "K" Line fleet. Photo: "K" Line

Interview: Toyohisa Nakano Discusses "K" Line Green Initiatives

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, in charge of Ship Technical and Environmental Affairs for “K” Line, is a 30+ year veteran of the company. He discusses with Maritime Reporter & Engineering News the ship owner’s strategy to meet ever-tightening ship emission regulations.Please provide an overview of the ships you have on order today.We placed an order for 210…

Belships Sells Bulker to Marti Shipping

Belships ASA, a bulk carrier operator and ship management company, has confirmed that it  entered into an agreement with Marti Shipping & Ship Management of Turkey for a bareboat charter and subsequent sale of BELEAST.The 50 000 dwt bulk carrier was built in 2006 and was the oldest ship in Belships fleet. BELEAST was delivered in December as planned and Belships realized a gain of USD 4.4m.The Charterer has an obligation to purchase the vessel within 24 months and the net cash flow during the period will be approximately USD 3.5m after repayment of outstanding loans.In October…

Tsuneishi Delivers 500th TESS Design Bulker

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."As indicated by its name “TESS”, the TESS series features fuel consumption performance with excellent economy, and high versatility that is easy to use.

Kawasaki Delivers Newbuild Bulker

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.According to a press release from KHI, The vessel has a flush deck with a forecastle and five holds that are designed for optimum transport of grains, coal, ores and steel…

Eagle Bulk Joins Decarbonization Coalition

The US-based dry bulk carrier Eagle Bulk Shipping has joined industry group the Getting to Zero Coalition.The group is an alliance of over 90 companies within the maritime, energy, infrastructure, and finance sectors which are committed to the decarbonization of deep-sea shipping, in line with the International Maritime Organization's greenhouse gas emissions reduction strategy and the UNFCC Paris Agreement.Gary Vogel, Eagle Bulk’s CEO, said, “We are constantly working on improving energy and operational efficiencies at Eagle…

Kawasaki Delivers Bulker to Wisdom Marine

Japanese shipbuilder Kawasaki Heavy Industries Ltd (KHI)  has delivered the bulk carrier Amis Star, with a capacity of 61,000 DWT for Wisdom Marine Lines.Amis Star has overall  length of 199.90 m, molded breadth 32.24 m and  molded depth 18.60 m.The vessel has a flush deck with a forecastle and five holds that are designed for optimum transport of grains, coal, ores and steel products.Four 30-ton deck cranes are installed along the center in between the hatch covers to enable…

2020 Dominates Dry Bulker Challenges

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.INTERCARGO’s Chairman Mr Dimitrios J. Fafalios said that INTERCARGO will continue efforts to highlight critical aspects of the 2020 sulfur limit regulation implementation.Areas…