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K Line’s fleet agreement with Nihon Shipyard and JMU 18 January 2024 newly commissioned vessels, known as the 92-type bulkers or K Line's "Corona-series," are wide-beam, shallow-draft coal carriers designed to optimize the transport of coal to Japanese coal-fired power plants. Developed by Nihon, these next-generation... Type: Article Category: Equipment & technology Turkmenistan's seaport resumes Baku cargo route 18 January 2024 coverage. The Marine Merchant Fleet of Turkmenistan underscores its diversity with various vessels, encompassing bulk carriers, oil and petroleum product tankers, passenger ships, ferries, yachts, and tugboats. Expansive sea routes connect Turkmenbashi... Type: Article Category: Shipping & logistics Diana Shipping's charter deal enhances bulk fleet dynamics 17 January 2024 minimum scheduled period of the time-based contract. Diana Shipping Inc.'s expansive fleet, currently comprising 40 bulk carriers, features diverse vessel types, including Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax, and Ultramax.[/PAID]... Type: Article Category: Shipping & logistics Himalaya Shipping's LNG-powered bulk carriers report strong earnings 15 January 2024 December 2023 sees robust performance in time charter equivalent earnings for Himalaya Shipping (CW Group) LNG-powered bulker owner Himalaya Shipping, under Tor Olav Trøim, achieved impressive average time charter equivalent (TCE) earnings of... Type: Article Category: Markets & trade Greek dominance in global shipping industry 12 January 2024 shipyards claimed victory in shipbuilding by winning almost half of the 1,845 orders across major sectors like dry bulk carriers, tankers, containers, and gas. Greek shipowners stood out with 233 second-hand ship purchases out of the total 1,731 ships... Type: Article Category: Markets & trade Pacific Basin Shipping establishes Sustainability Committee 11 January 2024 facilities. Pacific Basin's commitment to sustainability extends to its operational fleet of approximately 240 dry bulk carriers, with a target to achieve a fully zero-emission fleet by 2050. The company is actively reducing its fleet's carbon intensity... Type: Article Category: Equipment & technology Port of Sudeste pioneers green initiatives with RightShip's MEP 10 January 2024 a significant challenge for ports in achieving net-zero goals. The Port of Sudeste, specializing in Capesize bulk carriers, has already established ambitious targets, aiming to reduce scope 1 and 2 greenhouse gas emissions by 50.4 percent by 2033... Type: Article Category: Equipment & technology CSSC's green fleet expansion 09 January 2024 New contracts forge path for environmentally friendly bulk carriers (CW Group) The China State Shipbuilding Corporation (CSSC) made a groundbreaking announcement on January 3, revealing newbuilding contracts that mark a significant step towards... Type: Article Category: Equipment & technology Great Lakes iron ore shipments increase in 2023 08 January 2024 a substantial 20.7 percent increase in 2023, marking a significant boost for the region's steel industry. The Lake Carriers Association reported a total of 51.1 million tons of iron ore shipped last year, predominantly mined in upper Minnesota and... Type: Article Category: Markets & trade China Merchants Energy boosts fleet with vessel investment 03 January 2024 that China Merchants Energy Shipping has secured USD 160 million in contracts for the construction of two 82,000 dwt bulk carriers and a pair of 62,000 dwt multi-purpose vessels. Set for delivery in 2026 at China Merchants Industry yards, these... Type: Article Category: Equipment & technology Diana Shipping expands fleet with Cargill partnership 03 January 2024 in gross revenue for Diana Shipping. With the addition of MV DSI Pollux, Diana Shipping's fleet now comprises 40 dry bulk carriers, boasting a combined cargo capacity of around 4.5 million DWT, with a weighted average age of 10.5 years.[/PAID] Copyright... Type: Article Category: Equipment & technology Wisdom Marine and Synergy forge partnership 02 January 2024 to optimize the operational safety and efficiency of Wisdom's extensive dry bulk tonnage fleet, comprising over 100 bulk carriers. This transformative partnership underscores Wisdom's commitment to sustainable practices and crew well-being. Last year,... Type: Article Category: Equipment & technology Modernizing U.S. ports 18 December 2023 alleviating congestion in traditional hubs. Walter Kemmsies of the Kemmsies Group notes the attractiveness for ocean carriers as ports enhance efficiency, facilitating quicker turnarounds. Copyright CW Group. All rights reserved. Unauthorized... Type: Article Category: Equipment & technology EGPN Bulk carrier expands capes fleet amidst stabilizing spot rates 14 December 2023 the current stability in spot rates. EGPN Bulk Carrier, which entered the shipowning realm in 2017 with a focus on bulk carriers before venturing into the tanker trades two years later, has expanded its portfolio. Earlier this year, the company made... Type: Article Category: Markets & trade Teck Resources' wind-powered bulker to transform coal shipping 13 December 2023 signifies a shared vision for a decarbonized supply chain, as emphasized by Patrick Hutchins, CEO of Oldendorff Carriers. Copyright CW Group. All rights reserved. Unauthorized distribution expressly prohibited. Type: Article Category: Equipment & technology Star Bulk and Eagle Bulk announce merger 12 December 2023 Deal to form largest U.S. listed dry bulk shipping company (CW Group) Star Bulk Carriers (Nasdaq: SBLK) and Eagle Bulk Shipping (NYSE: EGLE) have unveiled plans for an all-stock merger, forging the largest U.S. listed dry bulk shipping entity boasting... Type: Article Category: Markets & trade Vale's biofuel progress voyage 12 December 2023 initiative reported by Naucher Global, Brazilian mining giant Vale, in partnership with German shipping company Oldendorff Carriers, embarks on a groundbreaking biofuel test voyage using a Newcastlemax bulk carrier. The test voyage involves the Hinrich... Type: Article Category: Equipment & technology Panama Canal drought disrupts grain shipments 12 December 2023 of HJ O'Neil Commodity Consulting. As the Panama Canal struggles to manage demand with limited daily transits, grain carriers are rerouting via longer journeys, such as sailing around South America or Africa or using the Suez Canal. These alternatives,... Type: Article Category: Shipping & logistics Liaoning Port's iron ore innovation 12 December 2023 to transport them to Dalian Port for unloading. Subsequently, the materials are loaded onto smaller domestic trade bulk carriers, destined for Yingkou Port or Dandong Port for unloading. The final leg of the journey involves connecting the port to steel... Type: Article Category: Markets & trade Great Eastern expands fleet with 'Jag Amaira' Kamsarmax acquisition 11 December 2023 fleet. This brings the company's current fleet to a total of 43 vessels, including 29 tankers (comprising 6 crude carriers, 19 product tankers, and 4 LPG carriers) and 14 dry bulk carriers, with a cumulative tonnage of 3.41 million dwt. Financed... 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