Dry bulk shipping market

2019 has been characterised so far by a stream of negative news concerning dry bulk demand, notably in the iron ore markets. Will Tooth, Analyst at Maritime Strategies International, uncovers some pockets of positivity.

Navis has announced that Thorco Projects has selected Bluetracker One to monitor and analyse the vessel performance, bringing the total Bluetracker fleet to over 500 vessels.

The new vessels were acquired with the participation of foreign capital by VGK Stividor.

The facility will provide a major increase in capacity at the Port of Liverpool, allowing Jenkins to increase its throughput.

BIMCO believes that audits should consider and reward improvements to health, safety and environmental protection that have been achieved at facilities in Asia. Furthermore, there should also be actual inspection of the EU yards.

The Phaidra is a 87 146 DWT post-panamax dry bulk vessel built in 2013.

Ocean Yield has committed to part finance the scrubber installation on both vessels, with an additional US$3 million, which is expected in early 2020.

Shell Marine has introduced a new two-stroke engine cylinder oil specifically for use with engines running on 0.5% sulfur content very low sulfur fuel oil.

As part of the agreements, the company will bareboat charter-in the vessels for a period of 11 years and have purchase options beginning at the end of the fourth year of each agreement.

Scorpio Bulkers reveals agreements to increase existing credit facilities by US$41 million to finance exhaust gas cleaning systems.