Shipping

Castor Maritime Inc. has announced the sale of the M/V Magic Venus for US$17.5 million with an expected net gain of US$3.5 million.

The World Shipping Council, the International Chamber of Shipping and BIMCO have expressed their thanks to the 12 nations that have jointly condemned the attacks on ships in the Red Sea.

NYK Line has started to conduct full-scale trials for the long-term use of biofuels for its existing line of heavy dry bulk vessels in order to meet net-zero emission targets.

Wisdom Marine Group and Synergy Group have launched a strategic bulk carrier joint venture, Wisdom Synergy Ship Management.

Diana Shipping Inc. has announced the signing of a time charter contract with Cargill Ocean Transportation for the dry bulk carrier m/v DSI Pollux.

AtoB@C Shipping has taken delivery of a next-generation electric hybrid vessel Electramar which will see emissions reduced by 50%.

'K' LINE has decided to implement JGreeX, the green-steel product manufactured by JFE Steel Corp., for an ultramax bulker set to be built by Imabari Shipbuilding Co., Ltd.

Safe Bulkers, Inc. has announced an agreement for the acquisition of one Japanese kamsarmax class dry-bulk vessel.

Diana Shipping Inc. has released its 2022 Environmental, Social and Governance Report providing an overview of the companies policies and practices.

Castor Maritime Inc. has announced the sale of the M/V Magic Orion for US$17.4 million with an expected net gain of US$2.0 million and the completion of the sale of the M/V Magic Argo.

The Panama Canal Port Authority have prepared plans to increase daily transits in January with the addition of six daily slots.

The Baltic Exchange has reported that the dry bulk shipping market has seen another week of corrections during the third week of December.

Lloyd's Register has awarded an Approval in Principle to NACKS for a methanol-fuelled 81 000 DWT bulk carrier.

The Board of Jinhui Shipping and Transportation Ltd has announced that a subsidiary of the company entered into a memorandum of agreement on 12 December for the disposal of a supramax at an initially estimated price of US$10.43 million.

IntelliTrans has suggested that by 2031 80% of the workforce will be over 65 which could force companies need to differentiate themselves with a talent strategy that involves technology deployment, employee engagement, and having a mission that matters.