Pyxis Tankers announces loan commitment for potential fleet expansion
Pyxis Tankers has announced it has signed a commitment letter for a loan of up to US$45 million for the potential acquisition of dry bulk carriers.
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Baltic Exchange: Dry Bulk Report – 18
The Baltic Exchange provides an update on the Dry Bulk markets for Week 18.
Vale and Petrobras announce a partnership to test fuel with renewable content on bulk carrier
The product was formulated by Petrobras Singapore (PSPL) itself in its locally leased tanks, by blending 76% fossil fuel oil from the refineries of the Petrobras System and 24% UCOME, a biofuel originating from the processing of used cooking oil (UCO), purchased in the region.
Golden Ocean announces merger with CMB.Tech
The Term Sheet has been unanimously approved by Golden Ocean’s Board of Directors, including its special transaction committee composed of disinterested directors, and by CMB.TECH’s Supervisory Board.
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Engine retrofits to reduce emissions on two bulk carriers
Technology group Wärtsilä will upgrade the Wärtsilä RT-flex main engines on two bulk carrier vessels owned by Turkey-based Ulusoy Sealines. The planned engine retrofits and upgrades will extend the vessels’ operational life and improve performance and fuel efficiency, thereby reducing emissions. The orders were booked by Wärtsilä in 4Q24 and 1Q25.
Diana Shipping Inc. announces time charter contract for Panamax bulk carrier
Diana Shipping Inc. a global shipping company specialising in the ownership and bareboat charter-in of dry bulk vessels, has announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with China Resource Chartering Pte. Ltd., for one of its Panamax dry bulk vessels.
IMO approves net-zero regulations for global shipping
Draft regulations will set mandatory marine fuel standard and GHG emissions pricing for shipping to address climate change.
Peer-reviewed study highlights scrubbers’ role in science-based decarbonisation
Study in collaboration with Oldendorff finds that for large bulk carriers, heavy fuel oil with a scrubber can outperform low-sulfur fuels.
Weekly US rail traffic for the week ending 5 April 2025
The Association of American Railroads (AAR) has reported US rail traffic for the week ending 5 April 2025.
DNV verifies 11.1 million t carbon dioxide emissions avoided for Jotun coated vessels
To ensure quantifiable numbers on emissions Jotun coated vessels have avoided thanks to its coatings in 2024, DNV Maritime Advisory has performed a technical evaluation and verified that 11.1 million t of CO2 were avoided in 2024 for Jotun coated vessels.