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Star Bulk Carriers 4Q2023 financial results revealed 13 February 2024 Insights into Star Bulk Carriers performance (CW Group) Star Bulk Carriers unveils its unaudited financial and operational performance for the fourth quarter of 2023, showcasing noteworthy figures amidst market challenges. The company, a key player in... Type: Article Category: Markets & trade Dry bulk sea freight index rises 13 February 2024 reaching USD 20,341, marking a 595 point increase. Amidst this buoyant market, the secondary market for large bulk carriers is experiencing heightened activity, notably driven by Greek and Chinese shipowners. Notable transactions include the sale of... Type: Article Category: Markets & trade Costamare redirects operational focus 09 February 2024 Industry giant's shift to large bulk carriers (CW Group) [PAID={"id":"12,13,14","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]A recent financial report by US-listed shipping company Costamare, significant... Type: Article Category: Markets & trade Shih Wei Navigation breaks decade-long dry spell with newbuild orders 08 February 2024 Taiwanese owner secures Ultramax bulk carriers from Japan (CW Group) According to a report from Splash247.com, Shih Wei Navigation, a Taiwanese bulker owner with a fleet of approximately 30 vessels, has broken a nearly decade-long absence of new-build... Type: Article Category: Equipment & technology Greek shipping giant's fleet shakeup 07 February 2024 The active market sees Star Bulk Carriers sell Capesize Vessel (CW Group) According to Splash247.com, Greek dry bulk leader Star Bulk Carriers has recently sold off its 17-year-old capesize vessel amidst a bustling sales and purchase (S&P) market for... Type: Article Category: Markets & trade GravityVibeTM system revolutionizes bulk carrier efficiency 07 February 2024 MacGregor introduces groundbreaking technology for bulk carriers (CW Group) Ship Management reveals MacGregor's groundbreaking innovation in bulk cargo unloading systems. MacGregor's new GravityVibeTM system revolutionizes the discharge of coarse... Type: Article Category: Equipment & technology Storm halts Tuapse bulk terminal operations 06 February 2024 turbulence and storms forecasted, reaching wave heights of up to 5.5 meters, the terminal deemed it necessary to move bulk carriers to the roadstead for safety reasons. However, the terminal remains operational, continuing to receive mineral fertilizers... Type: Article Category: Ports & handling Bulk carrier launch marks milestone 06 February 2024 COSCO Shipping Kawasaki, Dalian COSCO Shipping Kawasaki). NE433 is part of a series of four new-generation 82,000-ton bulk carriers, showcasing advanced energy-saving and emission-reduction technologies. The ship, delivered on February 6, boasts... Type: Article Category: Equipment & technology Taylor Maritime's positive outlook for mid-sized bulk carriers 05 February 2024 asset value update, Taylor Maritime expressed confidence in the stability of spot prices for Handysize and Supramax bulk carriers compared to previous years. The positive sentiment is expected to endure during the Spring Festival. Both the Baltic... Type: Article Category: Markets & trade ASCO Invests in project for Dry bulk carriers 02 February 2024 Azerbaijan Shipping Company's strengthens global connectivity (CW Group) Trend News Agency reports that Azerbaijan Caspian Shipping Company CJSC (ASCO), under the administration of Azerbaijan Investment Holding, is set to allocate USD 18 million for a... Type: Article Category: Equipment & technology Qiongbei region welcomes new era in bulk cargo operations 02 February 2024 annual throughput surpassed 1,101 million tons, reaching a record high. However, the evolving market demands larger bulk carriers, prompting the General Company to address saturation issues and insufficient berthing capacity. To enhance market... Type: Article Category: Ports & handling Orion raises Seafarer connectivity with Starlink partnership 31 January 2024 crew welfare through advanced satellite connectivity (CW Group) Riviera reports that Orion, overseeing a fleet of 40 bulk carriers, has collaborated with Tototheo Maritime to integrate hardware connecting to SpaceX's Starlink low earth orbit satellites.... Type: Article Category: Equipment & technology Ukraine's grain exports increase 30 January 2024 volumes post the expiration of the Black Sea Grain Initiative. Gro Intelligence reports a significant rise in dry bulk carriers loading at Odessa port since mid-November, indicative of the heightened export activity. Ukraine strategically established... Type: Article Category: Markets & trade Castor Maritime seals bulk carrier deals 30 January 2024 vessels in fleet maneuver (CW Group) Cyprus-based Castor Maritime has finalized the sale of two 2010-built panamax bulk carriers, the 78,800 dwt Magic Nova and the 76,600 dwt Magic Horizon, for USD 16.1 million and USD 15.8 million, respectively. This... Type: Article Category: Markets & trade Zhoulian Shipping expands fleet with Kamsarmax newbuilds 29 January 2024 sector, has inked a deal with Yangzhou Wanlong Shipbuilding for the construction of up to four cutting-edge kamsarmax bulk carriers. The contract encompasses the construction of two confirmed vessels, each boasting a capacity of 82,000 deadweight tons... Type: Article Category: Equipment & technology Elga's mega-port and pacific railway expansion 29 January 2024 insights into the Pacific Railway and Elga port's evolution at Cape Manorsky. Originally designed for 85 thousand-ton bulk carriers, the port's upgraded plan promises to accommodate Panamax-class vessels weighing up to 100 thousand tons by its... Type: Article Category: Ports & handling LNG bulk carrier sets sail 26 January 2024 According to FleetMon, the newly delivered "HL TRUST" is the culmination of a 2021 order for three LNG-powered bulk carriers. Registered in the Marshall Islands, the vessel, weighing 210,000 tons and measuring 299.95 meters in length, has been chartered... Type: Article Category: Equipment & technology Wisdom Marine expands fleet 22 January 2024 Taiwanese owner secures two Kamsarmax bulk carriers (CW Group) In a strategic move, Wisdom Marine, based in Taipei and helmed by Lan Chun Sheng (James Lan), has inked a deal with Tsuneishi Shipbuilding for two cutting-edge kamsarmax bulk carriers.... Type: Article Category: Equipment & technology Prolonged drought alters maritime routes 22 January 2024 water level decline prompts the Panama Canal Authority to restrict transits, impacting toll revenues and redirecting bulk carriers. During the dry season, transits through the Panama Canal are limited to 24 ships per day, down from the previous 36,... Type: Article Category: Shipping & logistics DNV explores onboard carbon capture 22 January 2024 in a thorough techno-economic analysis, leveraging DNV's FuelPath, to assess the viability of implementing OCCS on bulk carriers. The study aims to evaluate different fuel and technology approaches, considering various fuel and CO2 price scenarios. This... 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