Methanol engine secures bulker orders
Tsuneishi Shipbuilding Co., Ltd has ordered three methanol main engines to be included in the construction of three bulk carriers for Danish shipping company, J. Lauritzen.
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WinGD signs partnership for ammonia engines
Swiss marine power company WinGD has finalised a four-way partnership to deliver CMB.TECH ammonia engines.
Pacific Basin has closed Unsecured Revolving Credit Facility deal
Pacific Basin Shipping Ltd has announced the closing of a US$150 million deal for a Sustainability-Linked 3-year Senior Unsecured Committed Revolving Credit Facility.
Star Bulk has repurchased 10 million of its common shares
Star Bulk has completed the second repurchase of 10 million of its common shares from Oaktree.
The dry bulk shipping market has seen increased strength
At the end of November the positive momentum seen throughout the month continued with all bulk vessel classes seeing strong growth.
CMB.TECH and Boeckmans team up to build hydrogen-powered cargo vessels
CMB.TECH and Boeckmans have agreed to build 4 future-proof hydrogen-powered 5000 DWT general cargo vessels.
Vale has performed its first biofuel voyage for its iron ore shipping
Vale, in partnership with Oldendorff Carriers, has commenced its first biofuel voyage with the Hinrich Oldendorff fuelled by residual cooking oil and fuel oil.
The Panama Canal Port Authority have addressed the issue of water shortage head on
The Panama Canal Port Authority has been working on solutions to the issue of low water levels with a focus on saving water.
Bulk carrier design has presented a decarbonisation challenge
INTERCARGO stated at its ‘Solutions for Sustainable Dry Bulk Shipping’ event how the design of dry bulk vessels presented a challenge to decarbonisation efforts.
2020 Bulkers has converted time charters for multiple vessels
2020 Bulkers has converted the index-linked time charters for Bulk Sandefjord, Bulk Shenzhen, Bulk Sydney and Bulk Santos to fixed rate time charters.
Castor Maritime has announced the sale of another dry bulk vessel
Castor Maritime Inc. has announced the Sale of the M/V Magic Moon for US$11.8 Million and the completion of the sale of the M/V Magic Phoenix.
Pyxis Tankers has announced an agreement to acquire modern dry bulk vessel
Pyxis Tankers Inc. has announced that it has entered into a definitive agreement to purchase an 82 013 DWT dry bulk vessel built in 2015 at Jiangsu New Yangzi Shipbuilding.
WinGD has debuted Variable Compression Ratio technology
WinGD has debuted its Variable Compression Ratio technology to be installed on two new dual-fuel LNG powered newbuilds for NYK Line.
Diana Shipping has announced a time charter contract for m/v New Orleans
Diana Shipping Inc. has announced a time charter contract with Kawasaki for the capesize dry bulk vessel m/v New Orleans.
Genco Shipping has advanced its fleet renewal strategy
Genco Shipping and Trading Ltd has acquired two high specification capesize vessels and has agreed to sell an older capesize vessel for US$19.5 million.