Shipping

Increased coal import volumes and shallow draft at bulk ports means demand for transhipper vessels will grow.

Xin Yuan Enterprises, a Hong Kong-listed asphalt tanker operator, has announced that it has acquired a second hand capesize bulker for US$15.6 million.

Eagle Bulk Shipping Inc. will report its financial results for 3Q19, after the close of stock market trading on 6 November 2019.

Castor Maritime Inc. has entered into an agreement to purchase a 2005 Japan built Panamax dry bulk carrier for a purchase price of US$10.2 million.

As part of its strategic development plan, OCP Group has chosen Bedeschi as EPC contractor for the enhancement of Jorf Lasfar plant and port to increase the fertilizers sea freight shipping.

The ports of Liverpool, Heysham and Sheerness (London Medway) have the capability to limit the impact the UK’s expected departure from the EU on 31 October is expected to have on trading, according to their operator, Peel Ports.

Tim Morris, Chief Executive of the UK Major Ports Group, said: “It is important for all parties to carefully consider the new proposed Brexit deal.”

Ocean Yield ASA has announced that the company has agreed to acquire two newcastlemax dry bulk newbuildings with 13 year bareboat charter to companies owned and guaranteed by 2020 Bulkers Ltd.

According to the results from January to September 2019, Eastern Mining Company completed 70% of the annual plan for the extraction and transhipment of coal.

All partners including Customs, the Port of Rotterdam Authority, the Port of Amsterdam Authority, PortBase and the involved municipalities are working hard on preparations for a possible no-deal Brexit on 31 October 2019.

Mitsui OSK, Lines Ltd (MOL) and Tohoku Electric Power Co., Inc. have announced both companies' intention to move ahead with a joint study related to installation of world's first hard sail system (Wind Challenger) on a coal carrier.

Eagle Bulk Shipping has taken delivery of the fourth of six ultramax dry bulk vessels it recently agreed to acquire.

The UK Major Ports Group (UKMPG), the voice for the UK’s largest port operators, today announced the creation of a Youth Board.

Star Bulk Carriers has announced the publication of its first annual sustainability report for the year 2018.

Classification society ClassNK is participating in the ‘Getting to Zero’ coalition, an international corporate coalition that promotes the de-carbonisation of the maritime industry.