Shipping

Star Bulk Carriers Corp. and Eagle Bulk Shipping Inc. have entered into a definitive agreement to combine their assets and create a global dry bulk leader.

Chinese company Jinhui Shipping and Transportation Ltd, has announced its entry into a Charterparty with Shining Steamship International S.A. for the leasing of the bulk carrier M.V. Ever Shining.

China Shipbuilding’s and Lemissoler’s first methanol-fuelled ultramax bulk carrier receives ABS approval.

Teck Resources and Oldendorff Carriers have agreed to outfit a bulk carrier with rotor sails to reduce emissions.

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.

Swiss marine power company WinGD has finalised a four-way partnership to deliver CMB.TECH ammonia engines.

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 completed the second repurchase of 10 million of its common shares from Oaktree.

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 have agreed to build 4 future-proof hydrogen-powered 5000 DWT general cargo vessels.

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 has been working on solutions to the issue of low water levels with a focus on saving water.

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 the index-linked time charters for Bulk Sandefjord, Bulk Shenzhen, Bulk Sydney and Bulk Santos to fixed rate time charters.

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.