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Category: Dry Cargo

  • Jinhui continues fleet renewal with $23.5m ultramax sale

    Jinhui continues fleet renewal with $23.5m ultramax sale Oslo-listed dry bulk owner Jinhui Shipping and Transportation has agreed to sell one of its ultramax bulk carriers as it continues to streamline its fleet. The Hong Kong-based outfit said it has struck a $23.46m deal with Hongkong Yiming Shipping for the 2014-built 63,485 dwt bulker Jin…

  • VLCC day rates rocket above half‑million dollars

    VLCC day rates rocket above half‑million dollars Amid soaring tanker rates, a US‑led naval coalition has warned shipping that stationary vessels and ships on predictable routes are “credible” targets for sabotage across the Middle East, after a tanker linked to the Stena‑Sonangol suezmax pool was struck off the Iraqi coast. The Combined Maritime Forces’ Joint…

  • China Merchants unit orders LNG-powered Yangtze bulkers

    China Merchants unit orders LNG-powered Yangtze bulkers China Merchants Group is expanding its greener inland fleet, with subsidiary Changhang Freight (Zhoushan) contracting two LNG-powered bulk carriers at a domestic shipyard. The newbuildings will be constructed by Jiangxi New Jiangzhou Shipbuilding Heavy Industry, and will each measure about 20,000 dwt. The vessels are designed as river-sea…

  • Speak up for our sector

    Speak up for our sector Maritime leaders must use a single voice to challenge roadblocks and spotlight opportunities in an operating landscape that is fraught with turmoil, writes Intent Communications CEO Namrata Nadkarni. The maritime industry is no stranger to volatility, but the start of 2026 has brought a convergence of crises that would test…

  • Great Eastern keeps fleet renewal on course with fresh kamsarmax buy

    Great Eastern keeps fleet renewal on course with fresh kamsarmax buy India’s The Great Eastern Shipping has continued its steady fleet renewal drive, lining up another secondhand bulker as it reshapes its portfolio. The Mumbai-listed owner said it has contracted to buy a 2014-built Japanese kamsarmax, without providing any further details about the deal, except…

  • Diana rolls panamax bulker into improved SwissMarine fixture

    Diana rolls panamax bulker into improved SwissMarine fixture New York-listed Greek dry bulk owner Diana Shipping has fixed one of its panamax units on a fresh time charter, locking in a stronger rate as the ship rolls off its current employment. The 77,525 dwt ice-class Crystalia has been chartered to SwissMarine at $16,200 per day,…

  • 3,200 ships caught up in Hormuz paralysis

    3,200 ships caught up in Hormuz paralysis VLCC freight surged to extraordinary theoretical levels on Monday as the war between Iran and the US‑Israel coalition roiled shipping in the Persian Gulf, with some 3,200 vessels stuck in the region. The benchmark TD3C from the Middle East to China was quoted at $423,700 a day, up…

  • Radziwill’s CTM adds firepower with new investors

    Radziwill’s CTM adds firepower with new investors Bermuda-domiciled dry bulk operator C Transport Maritime has brought Japan’s Tokyo Century Corporation and Norway’s Barque onto its register as new shareholders. As part of the deal, both investors have taken equity stakes in the company and appointed representatives to the board. Financial details were not disclosed. CTM…

  • Houthis vow to resume attacks following Iranian strikes

    Houthis vow to resume attacks following Iranian strikes With the US and Israel attacking Iran on Saturday, Iranian allies, the Houthis from Yemen, have vowed to resume attacks on commercial shipping in and around the Red Sea, bringing to a close a four-month cessation of violence at sea.  Shipping organisation BIMCO suggested ships with business…

  • Trump tariff turmoil clouds transpacific contracting season

    Trump tariff turmoil clouds transpacific contracting season Tariffs are back at the top of the shipping news agenda once again, creating confusion just as the transpacific contracting season gets underway.  On Friday, the US Supreme Court ruled that president Donald Trump violated federal law by using the International Emergency Economic Powers Act (IEEPA) to unilaterally…

  • Splash Wrap: ZIM sale tops the agenda

    Splash Wrap: ZIM sale tops the agenda A planned $4.2bn sale of ZIM to Germany’s Hapag-Lloyd sparked protests and a strike in Israel this week. Under the structure outlined, Hapag-Lloyd will acquire ZIM and then carve out its Israeli operations into a separate entity to be controlled by FIMI. The new company, to be known…

  • Navios lines up $134m capesize duo

    Navios lines up $134m capesize duo New York-listed Navios Maritime Partners has moved to expand its dry bulk footprint, lining up two Japanese newbuilding capesizes under long-term bareboat-in arrangements. The Angeliki Frangou-led owner said in its quarterly earnings report it agreed to take the scrubber-fitted vessels from an unrelated third party on 12-year bareboat contracts.…

  • Modernisation works at Russian shipyard Severnaya Verf to begin in Q3 2026

    Russia’s state-owned United Shipbuilding Corporation has confirmed that the modernisation of the Saint Petersburg facilities of its Severnaya Verf business unit will commence in the third quarter of 2026. Severnaya Verf Technical Director Roman Obukhov said the works have a scheduled completion date of 2030, by which time the facility’s total area coverage will have…

  • United Maritime cashes out of offshore vessel JV

    United Maritime cashes out of offshore vessel JV Nasdaq-listed Greek bulker owner United Maritime has agreed to sell its stake in a Norwegian joint venture developing an energy construction vessel (ECV), locking in a profit as it reshuffles capital. The Stamatis Tsantanis-led spinoff of Seanergy Maritime said it will sell its equity interest for about…

  • Fire claims two lives aboard Singapore-flagged bulker

    Fire claims two lives aboard Singapore-flagged bulker An engine room fire on the Singapore-flagged bulk carrier Mandy has claimed two lives, with a third crewman airlifted to a hospital. The 2010-built bulker, en route from Singapore since February 8, was hit by the blaze at 7:35 pm Singapore time on February 17, just shy of…

  • Dry Cargo Vessel News Roundup | February 18 – China focus: car carrier and bulker deliveries to Europe, Dutch heavy lift ship order and more

    The focus is on Chinese shipyards this week as we cover bulk carrier and car carrier deliveries and orders for heavy lift ships. Featured shipowners include one local firm and others from as far away as western Europe. BigLift orders new heavy lift ship from Chinese yard BigLift Shipping’s heavy lift vessel Happy Star with…

  • Seanergy adds two bulkers to newbuild slate

    Seanergy adds two bulkers to newbuild slate US-listed Greek owner Seanergy Maritime has expanded its newbuilding programme, signing for two additional capesize-class vessels at Chinese yards and lifting its total investment in new tonnage to about $226m. The Stamatis Tsantanis-led company, which placed its first-ever newbuilding order in October, has now lined up three large…

  • Taylor Maritime chalks up 51st bulker sale

    Taylor Maritime chalks up 51st bulker sale London-listed dry bulk owner Taylor Maritime has agreed the sale of another handysize vessel, taking its total disposals since 2023 to 51 ships. Further details of the latest transaction will be released on completion, the company said in a stock exchange filing. At the same time, the Ed…

  • Almi Marine back in newbuild arena with ultramax pair

    Almi Marine back in newbuild arena with ultramax pair Greek dry bulk player Almi Marine Management has returned to the newbuilding market after a four-year break, booking two next-generation ultramax bulk carriers in China. Managing director Christos Hadjigeorgiou confirmed on social media the company has signed a contract with Nantong Cosco KHI Ship Engineering (NACKS)…

  • Elderly capesize heads for Bangladesh recycling

    Elderly capesize heads for Bangladesh recycling A 2002-built capesize bulker has been reported sold for demolition in Bangladesh, marking the first cape recycling deal of the year. The 176,000 dwt Beihai, a CSBC Kaohsiung-built unit now sailing under the flag of St Kitts & Nevis and managed by Green Ocean Ship Management, has surfaced as…

  • OBITUARY | David Dearsley, former Deputy Secretary General of the International Shipping Federation

    David Dearsley, who served as Deputy Secretary General of the International Shipping Federation (ISF) prior to its merger with the International Chamber of Shipping (ICS), has passed away at the age of 79, ICS said on Friday, February 13. Having started his career at sea, Dearsley was one of those who crafted the ILO Maritime…

  • Safe Bulkers banks $35m from capsize sale

    Safe Bulkers banks $35m from capsize sale New York-listed Greek owner Safe Bulkers has sold a 14-year-old capesize as it presses ahead with its fleet renewal programme. The company said it has agreed to dispose of the 2012 Chinese-built Michalis H for $35.2m. Delivery to the new owner is scheduled within the first quarter of…

  • Precious Shipping diversifies with MR tanker acquisition

    Precious Shipping diversifies with MR tanker acquisition Thailand’s Precious Shipping has made its first move into the tanker sector with the acquisition of a medium-range product tanker as it looks to diversify beyond dry bulk. The Bangkok-listed owner said its wholly owned Singapore subsidiary, Precious Horizon, has agreed to buy the 2006-built MR tanker Florence…

  • Halten Bulk doubles down on low-emission shortsea shipping

    Halten Bulk doubles down on low-emission shortsea shipping Norwegian shortsea specialist Halten Bulk has signed contracts for up to four 7,100 dwt self-discharging bulk carriers at Jiangsu Soho Marine Heavy Industry. The vessels will be built to the Norwegian Ship Design Company’s NSD 105CC design and fitted with rotor sails as part of a package…

  • Maran Dry returns to newbuilds with capesize order at Hengli

    Maran Dry returns to newbuilds with capesize order at Hengli Maran Dry Management has re-entered the newbuilding market, lining up a series of capesize bulk carriers at China’s Hengli Heavy Industry. The bulker arm of the Angelicoussis Shipping Group, led by Maria Angelicoussis, has contracted four firm capesize vessels at the Dalian yard, with options…

  • Diana scores rate boost with NYK bulker deal

    Diana scores rate boost with NYK bulker deal Diana Shipping has secured improved employment for one of its post-panamax bulkers, fixing the 87,146 dwt Phaidra to Japan’s Nippon Yusen Kaisha (NYK). The New York-listed Greek owner said the 2013-built ship has been chartered at $14,500 per day, minus a 5% commission, for a period running…

  • AD Ports backs new dry bulk hub in Cameroon

    AD Ports backs new dry bulk hub in Cameroon AD Ports Group has joined a 30-year concession to develop and operate a new dry bulk terminal at the Port of Douala in Cameroon, deepening its footprint in West and Central Africa. The Abu Dhabi-based operator is partnering with Africa Ports Development (APD) on the project,…

  • Jinhui adds to ultramax orderbook with New Dayang brace

    Jinhui adds to ultramax orderbook with New Dayang brace Jinhui Shipping and Transportation is adding further depth to its ultramax newbuilding programme, booking two more bulk carriers in China as part of an ongoing fleet renewal drive. The Oslo-listed, Hong Kong-based owner said two wholly owned subsidiaries have signed shipbuilding contracts with Sumec Marine and…

  • Fednav returns to Oshima for new handysize series

    Fednav returns to Oshima for new handysize series Canadian dry bulk owner and operator Fednav is heading back to Japan for a new series of handysize bulkers, marking its latest move in the newbuilding market. The Montreal-based company has signed a letter of intent with Oshima Shipbuilding for four 35,000 dwt lakers, with deliveries scheduled…

  • Rio Tinto and Glencore walk away from revived mega-merger talks

    Rio Tinto and Glencore walk away from revived mega-merger talks Rio Tinto and Glencore have called time on renewed merger talks, abandoning plans for a deal that would have reshaped the global mining sector. The companies confirmed on Thursday that discussions had ended without agreement, scrapping a proposed tie-up that could have created the world’s…

  • Splash Wrap: Ports in a storm

    Splash Wrap: Ports in a storm The deepening dispute between Panama and China over two key ports at the Panama Canal was a constant source of headlines following a landmark Supreme Court ruling that invalidated CK Hutchison’s long-held concession contracts. A trade pact between the US and India that cuts American tariffs and ties New…

  • Cargo ship runs aground near Sweden’s Varberg Port

    Cargo ship runs aground near Sweden’s Varberg Port Gareth Havelock Go to baird maritime

  • Georgiopoulos and Vrondissis diversify into dry bulk with Norvic purchase

    Georgiopoulos and Vrondissis diversify into dry bulk with Norvic purchase Peter Georgiopoulos and Leo Vrondissis-led United Overseas Group is diversifying from its tanker base, announcing it is buying Norvic Shipping’s commercial platform and nine Japanese-built bulkers. The acquisition via the group’s trading arm transfers the entire issued share capital of Norvic Shipping Europe, Norvic Shipping…

  • Dry Cargo Vessel News Roundup | February 4 – Indonesian Ro-Ro delivery, Finnish deck carrier order and more

    Dry Cargo Vessel News Roundup | February 4 – Indonesian Ro-Ro delivery, Finnish deck carrier order and more Baird Maritime Go to baird maritime

  • Diana locks in higher rates in Cobelfret charter extension

    Diana locks in higher rates in Cobelfret charter extension New York-listed Greek dry bulk owner Diana Shipping has secured a direct continuation of the charter for its post-panamax, keeping the vessel employed with operator Cobelfret. Under the new deal, the 98,697 dwt Amphitrite will earn a gross rate of $13,000 per day for the first…

  • Bauxite booms as aluminium output triples since 2000

    Bauxite booms as aluminium output triples since 2000 Global aluminium production has nearly tripled since the turn of the millennium, and the ripple effects are being felt most clearly in the dry bulk market, where seaborne bauxite trade hit a fresh record last year. Analysis by Ursa Shipbrokers, drawing on data from the International Aluminium…

  • ICS’ latest flag state performance table shows strong compliance with global standards

    ICS’ latest flag state performance table shows strong compliance with global standards Gareth Havelock Go to baird maritime

  • Atlantica Shipping re-enters dry bulk

    Atlantica Shipping re-enters dry bulk Atlantica Shipping has marked its return to the dry bulk sector with the delivery of a kamsarmax bulker, ending a brief period as an offshore-only outfit. The Oslo-based company has taken delivery of the 2011-built kamsarmax Atlantica Star, which recently joined the fleet. The vessel will be placed under technical…

  • Caravel tightens grip on Pacific Basin, rules out takeover bid

    Caravel tightens grip on Pacific Basin, rules out takeover bid Hong Kong conglomerate Caravel Group has increased its shareholding in Pacific Basin Shipping, strengthening its position as the largest shareholder in the dry bulk major while stressing it has no intention of launching a takeover of the company. The Angad Banga-led group confirmed it now…

  • Houthis tease new strikes amid US carrier build‑up in the Gulf

    Houthis tease new strikes amid US carrier build‑up in the Gulf As a US carrier strike group makes its way to the Gulf, a familiar foe to commercial shipping has reared its head for the first time in months.  A video titled ‘Soon’ published overnight by the Houthis, carried below, suggests the Iranian-backed Yemeni military…

  • Two dead, four missing after bulker sinks in South China Sea

    Two dead, four missing after bulker sinks in South China Sea Search and rescue operations are continuing in the South China Sea after the Singapore-registered bulk carrier Devon Bay capsized and sank while en route to China. The Maritime and Port Authority of Singapore (MPA) said it was informed on January 23 that the 2013-built…

  • Precious sends ultramax newbuilds straight back on hire with Jaldhi

    Precious sends ultramax newbuilds straight back on hire with Jaldhi Thailand’s Precious Shipping has moved quickly to line up work for two ultramax bulker newbuilds it has just acquired from Jaldhi Overseas, fixing both vessels straight back to the Singapore-based outfit on long-term, index-linked charters. The Ubon Naree has been fixed for 24–26 months at…

  • Inaugural Splash Singapore targets top spot in Asian shipping calendar

    Inaugural Splash Singapore targets top spot in Asian shipping calendar The speaker lineup for the inaugural Splash Singapore, scheduled for September 24, is making good on earlier promises to make the event Asia’s leading shipping conference. Among recent speaker signups are Martin Fruergaard, the CEO of Pacific Basin Shipping, Jeremy Sutton, the CEO of Swire…

  • Danaos steps into LNG with Alaska project tie-up

    Danaos steps into LNG with Alaska project tie-up Greek owner Danaos is widening its reach beyond boxships and bulkers after striking a strategic partnership with US energy infrastructure player Glenfarne Group on the Alaska LNG project. The Nasdaq-listed company said it will invest $50m in development capital through Glenfarne Alaska Partners, while also lining up…

  • Western Bulk launches lumber and project cargo unit in Bergen

    Western Bulk launches lumber and project cargo unit in Bergen Norwegian dry bulk operator Western Bulk has created a new lumber and projects team based in Bergen. The company said that it marked an important step in the expansion of its commercial platform and the focus on developing strong niche capabilities alongside its core bulk…

  • Dry Cargo Vessel News Roundup | January 21 – Focus on deliveries: Irish Sea Ro-Ro, Japanese car carrier and Chinese bulker

    Dry Cargo Vessel News Roundup | January 21 – Focus on deliveries: Irish Sea Ro-Ro, Japanese car carrier and Chinese bulker Baird Maritime Go to baird maritime

  • Norway’s K. Satre Rederi taps Dutch builder for new electric cargo ship

    Norway’s K. Satre Rederi taps Dutch builder for new electric cargo ship Gareth Havelock Go to baird maritime

  • Diana ups pressure on Genco with full board challenge

    Diana ups pressure on Genco with full board challenge A full-blown boardroom fight is taking shape in the dry bulk sector after Diana Shipping moved to nominate an entirely new slate of directors at Genco Shipping & Trading, escalating a standoff over consolidation and control. Athens-based Diana, which owns about 14.8% of Genco, said it…

  • ESL plugs bulker capacity gap with secondhand buy ahead of newbuild arrivals

    ESL plugs bulker capacity gap with secondhand buy ahead of newbuild arrivals ESL Shipping has moved to shore up its fleet, picking up a secondhand bulker to keep capacity steady while it waits for newbuildings to arrive. The Baltic dry bulk specialist, part of Finnish conglomerate Aspo, has acquired a geared ice-class 1A 16,600 DWT…

  • Zero-emission bulker bound for Norwegian coastal trade

    Zero-emission bulker bound for Norwegian coastal trade Norwegian coastal owner K. Sætre Rederi has ordered a new all-electric dry cargo vessel, doubling down on zero-emission operations along the Norwegian coast. The 70-m ship has been contracted at Dutch yard Royal Bodewes, with delivery scheduled for March 2028. At the same time, Sætre has secured a…

  • Splash Wrap: Global seaborne trading map redrawn

    Splash Wrap: Global seaborne trading map redrawn The US said it will target ‘dozens’ of Venezuela‑linked tankers in a serious shadow fleet squeeze. Thursday saw a sixth tanker apprehended by US forces, while Vitol and Trafigura became the first international companies to start shipping oil out of Venezuela since the January 3 ousting of Nicolas…

  • Geneva Dry continues to add leading commodity and shipping speakers

    Geneva Dry continues to add leading commodity and shipping speakers The big names continue to sign up to speak at the third edition of Geneva Dry, scheduled for April 28 and 29, while new sister show, Splash Singapore, has also attracted some famous shipping executives. Geneva Dry, the world’s premier commodities shipping summit, is set…

  • Bulkers ride China’s bauxite surge

    Bulkers ride China’s bauxite surge China has set yet another record for bauxite imports, cementing the aluminium raw material as one of the strongest dry bulk growth stories of recent years and a rare source of support for large bulk carrier demand. Bauxite discharges into Chinese ports reached about 213m tonnes in 2025, up 25%…

  • Construction begins on new shipyard in Nanchang, China

    Construction begins on new shipyard in Nanchang, China Jens Karsten Go to baird maritime

  • China’s steel exports, iron ore imports hit record highs

    China’s steel exports, iron ore imports hit record highs Reuters Go to baird maritime

  • Diana Shipping scores second fixture of the year with Bunge deal

    Diana Shipping scores second fixture of the year with Bunge deal Greek bulker owner Diana Shipping has secured a new charter deal for its ultramax bulker DSI Altair, fixing the vessel to commodities group Bunge. The New York-listed company said the contract was agreed at $14,750 per day, less a 5% commission, for a period…

  • Nova Marine Carriers JV doubles down on Amsterdam logistics

    Nova Marine Carriers JV doubles down on Amsterdam logistics Italian-Swiss dry bulk group Nova Marine Carriers has tightened its grip on the Port of Amsterdam after completing the acquisition of the Waterland Terminal in a joint venture with Germany’s Aug. Bolten and Spain’s Ership. The deal was executed through Dutch subsidiary Maja Stuwadoors Groep, which…

  • Himalaya Shipping seals fresh index-linked deal

    Himalaya Shipping seals fresh index-linked deal Oslo-listed Himalaya Shipping has fixed one of its newcastlemax vessels on a fresh time charter, locking in improved earnings. The Tor Olav Troim-backed owner said the 2023-built Mount Ita has been chartered for a period of 11 to 14 months. The new contract is due to kick in during…

  • Rio Tinto and Glencore reopen talks on mega-merger

    Rio Tinto and Glencore reopen talks on mega-merger Mining heavyweights Rio Tinto and Glencore have confirmed they are back in early-stage talks over a deal that could see Rio Tinto acquire “some or all” of Glencore, a move that would create the world’s largest miner with a combined market value close to $207bn. The companies…

  • Diana locks in higher rate in new Paralos kamsarmax deal

    Diana locks in higher rate in new Paralos kamsarmax deal Diana Shipping has secured follow-on employment for one of its kamsarmax bulkers, fixing the Maia on a direct continuation time charter with Paralos Shipping. The New York-listed Greek owner said the vessel will earn $14,000 per day, less a 5% commission, under a contract running…

  • Suez traffic still 60% down 100 days after last Houthi attack

    Suez traffic still 60% down 100 days after last Houthi attack Suez Canal traffic remains sharply lower more than three months after the last reported Houthi attack, underlining how slow ship operators have been to return to the Red Sea route. According to BIMCO, it has now been 100 days since the last vessel was…

  • JR Shipping brings in Seatrade as strategic partner

    JR Shipping brings in Seatrade as strategic partner Dutch owner JR Shipping has brought in reefer specialist Seatrade as a strategic shareholder, marking a new phase for the Harlingen-based owner and manager while keeping its independent course. Under the deal, Seatrade takes a strategic participation in JR Shipping Group and becomes a long-term partner. Founders…

  • Turkish upstart Aqmaris books up to four bulker newbuilds in China

    Turkish upstart Aqmaris books up to four bulker newbuilds in China Turkish newcomer Aqmaris and China’s Wuhu Shipyard have sealed a deal for four ultramax bulk carriers, marking one of the first big newbuild agreements for the Istanbul-based operator. The four 64,500 dwt units will meet IMO Tier III standards and comply with EEDI Phase…

  • Castor Maritime enters sale and leaseback deal for kamsarmax

    Castor Maritime enters sale and leaseback deal for kamsarmax Cyprus-based owner Castor Maritime has signed a sale and leaseback agreement for a bulk carrier vessel. The company signed the agreement for the 2013-built kamsarmax Magic Perseus bulker with a Japanese counterparty. The transaction is set to be completed in January 2026. The bareboat financing amounts…

  • Seacon snaps up six ultramax resales

    Seacon snaps up six ultramax resales Hong Kong-listed Seacon Shipping has moved to reshape its newbuilding pipeline, taking over contracts for six ultramax bulk carriers and lining up long-term leaseback financing to fund the deal. The company said it has entered into novation agreements to assume all rights and obligations under existing shipbuilding contracts for…

  • Pacific Basin signs up for Chinese handysize newbuilds

    Pacific Basin signs up for Chinese handysize newbuilds Pacific Basin Shipping has turned to China for its latest newbuilding move, signing up a quartet of handysize bulk carriers in a break from its long-standing preference for Japanese yards. The Hong Kong-listed owner-operator of more than 250 bulkers has struck a deal at Jiangmen Nanyang Ship…

  • Eastern Pacific adds capes to swelling Hengli orderbook

    Eastern Pacific adds capes to swelling Hengli orderbook Idan Ofer’s Eastern Pacific Shipping has added another slice to its already sizeable newbuilding programme, this time with a fresh capesize bulker order in China. The Singapore-headquartered owner has signed up four 180,000 dwt capesize bulk carriers at Hengli Shipbuilding. The vessels are set for delivery in…

  • Yang Ming’s dry bulk arm lines up ultramax quartet at Japanese yards

    Yang Ming’s dry bulk arm lines up ultramax quartet at Japanese yards Taiwanese liner group Yang Ming has returned to the newbuilding market through its bulk shipping arm Kuang Ming Shipping, placing orders for four ultramax bulk carriers in Japan. According to a stock exchange filing, the contracts carry a combined value of between NT$4.9bn…

  • Barriers to entry, barriers to exit and disintermediation

    Barriers to entry, barriers to exit and disintermediation Pierre Aury writes for Splash that in shipping, low barriers to entry are being offset by digital barriers to exit quietly built by IT vendors. The dry bulk and tanker markets are classic examples of commoditized, low-differentiation industries with hardly any barriers to entry. Vessels are more…

  • Zodiac times newcastlemax sale as buyers stay active across sectors

    Zodiac times newcastlemax sale as buyers stay active across sectors Zodiac Maritime has caught the market on the front foot with the sale of a newcastlemax bulker, as secondhand deals continue to surface across multiple shipping segments. Brokers say the Eyal Ofer-controlled owner has sold the Cape Merlin to Chinese buyers for about $23.5m. The…

  • Diana Shipping adds another period fixture to bulker slate

    Diana Shipping adds another period fixture to bulker slate Diana Shipping has lined up forward employment for one of its kamsarmax bulkers, adding to a steady run of period fixtures by the Greek owner. The US-listed company said it has agreed a time charter with Paralos Shipping for the 2010-built Myrsini at $13,500 per day,…

  • Improperly secured lithium-ion batteries cause fires aboard cargo ship, NTSB report shows

    Improperly secured lithium-ion batteries cause fires aboard cargo ship, NTSB report shows Jens Karsten Go to baird maritime

  • The year of the caveat

    The year of the caveat Splash’s editor gives readers his take on the world of shipping in the year 2025. At financial newswire Bloomberg, the official style guide has always shied away from using words such as but or if in sentences. “Clauses that start with although, but, despite or however often confuse more than…

  • Norway’s Amon Bulk expands ammonia bulker scheme with three more kamsarmax newbuilds

    Norway’s Amon Bulk expands ammonia bulker scheme with three more kamsarmax newbuilds Norway’s Amon Bulk is pushing ahead with plans to build three ammonia-fuelled kamsarmax bulk carriers after securing NOK 298m ($27m) in investment grants from state energy agency Enova. The ships, each around 80,000–85,000 dwt, are designed to run on ammonia and to deliver…

  • Navios Partners rolls out new leadership structure

    Navios Partners rolls out new leadership structure Navios Maritime Partners has announced a series of senior leadership changes as the New York-listed diversified owner reshapes its top management structure under chairwoman and chief executive Angeliki Frangou. At the centre of the move is the creation of an office of the chairwoman, designed to bring senior…

  • Did US forces raid ship headed to Iran from China in Indian Ocean?

    Did US forces raid ship headed to Iran from China in Indian Ocean? Reuters Go to baird maritime

  • Splash Wrap: Raids, record orders and rewired trade

    Splash Wrap: Raids, record orders and rewired trade US forces seized the VLCC Skipper off Venezuela as the battle between Washington and Caracas intensified with the Trump administration suggesting other vessels could be hijacked, too.  China’s state-run shipping COSCO, the world’s largest shipowner, placed a massive order for 87 newbuildings worth more than $7bn with…

  • Animal welfare groups urge IMO to implement tighter livestock carrier regulations

    Animal welfare groups urge IMO to implement tighter livestock carrier regulations Rafael Sanches Go to baird maritime

  • Hartmann and Heidelberg Materials link up on methanol-powered cement carriers

    Hartmann and Heidelberg Materials link up on methanol-powered cement carriers Germany’s Hartmann Group has teamed up with Heidelberg Materials Northern Europe to develop a new methanol-powered pneumatic cement carrier for high-frequency coastal service in Norway. The project includes an option for a second vessel and marks a major step in decarbonising cement transport along the…

  • Aegean Bulk returns to newbuilds with kamsarmax quartet in China

    Aegean Bulk returns to newbuilds with kamsarmax quartet in China Greek owner Aegean Bulk has re-entered the newbuilding market after nearly 15 years away, signing a four-ship kamsarmax order at China’s fast-expanding Hengli Shipbuilding. The deal marks the owner’s first newbuilding move since the delivery of its last pair of kamsarmaxes in 2012. The Athens-based…

  • Klaveness Combination Carriers seals long-term contract of affreightment with Alunorte

    Klaveness Combination Carriers seals long-term contract of affreightment with Alunorte Klaveness Combination Carriers has secured a new long-term contract of affreightment with Brazil’s Alunorte, extending the Norwegian owner’s presence in the alumina supply chain. The 32-month deal, starting in March 2026, will see KCC move caustic soda solution to Alunorte’s refinery. The work will be…

  • Signal Maritime steps into dry bulk with Bluepool deal

    Signal Maritime steps into dry bulk with Bluepool deal Tanker pool manager Signal Maritime Services is moving into the dry bulk market through a strategic investment in Bluepool, a fast-growing operator running panamax and supramax pools. Unveiled in early 2022, Bluepool currently manages 21 vessels and has been expanding its presence in both the panamax…

  • Netherlands’ Ruijtenberg Shipyard sold to new owners

    Netherlands’ Ruijtenberg Shipyard sold to new owners Gareth Havelock Go to baird maritime

  • FSB clearance and underwater checks slow Russian port calls

    FSB clearance and underwater checks slow Russian port calls To add to the complications brought about by Ukraine’s renewed maritime attack campaign in and around the Black Sea, shipowners and charterers planning to call at Russian ports should brace for delays and heavy regulatory friction after Moscow introduced sweeping new entry rules for foreign vessels,…

  • Bidders circle again as Dongwon revives hunt for HMM

    Bidders circle again as Dongwon revives hunt for HMM The race to acquire state-controlled South Korean flagship HMM is heating up once again. Two years after the first sale attempt failed, Dongwon Group, South Korea’s largest fishing company, has signalled its renewed interest, stirring up the market.  Although the company’s valuation has soared to as…

  • Dutch yard launches Erik Thun Group’s newest hybrid cargo ship

    Dutch yard launches Erik Thun Group’s newest hybrid cargo ship Jens Karsten Go to baird maritime

  • Diana Shipping fixes capesize to Glencore

    Diana Shipping fixes capesize to Glencore Greek dry bulk owner Diana Shipping has fixed its 2013-built capesize on a new period charter with Glencore Freight, securing cover through at least late 2026. The 2013-built P S Palios will earn a gross rate of $25,200 per day, less 5% commission, for a period running to November…

  • Diana Shipping scores double ultramax fixture

    Diana Shipping scores double ultramax fixture Diana Shipping has added fresh period cover to its ultramax fleet after fixing two vessels on multi-year time charters at rates slightly above their previous employment. The Athens-based owner said its 2015-built DSI Pollux has been fixed to Stone Shipping at a dayrate of $14,750, less 5% commission. The…

  • Capesize rates charge past $40,000 a day as tonnage tightens across basins

    Capesize rates charge past $40,000 a day as tonnage tightens across basins The capesize market is ending the year with a burst of momentum rarely seen outside cyclical peaks, as tightening tonnage and strengthening long-haul trade routes drive spot rates to their highest levels in two years. Spot rates leapt by more than $6,000 yesterday…

  • Geneva Dry Dialogues: Marcura

    Geneva Dry Dialogues: Marcura As marketing ratchets up for next April’s big annual dry bulk summit, Splash sits down with top names attending the event. As artificial intelligence gains ground across shipping, Janani Yagnamurthy believes the real breakthroughs will not come from broad, all-purpose models, but from highly tailored, shipping-specific intelligence. The vice president of…

  • Capes changing hands for increasing sums

    Capes changing hands for increasing sums The S&P market is seeing strong momentum. In terms of age profile, 10–15-year-old ships are once again among the most sought-after, supported by capesize rates now closing in on the $45,000 per day mark—levels not seen in years. Tokyo-headquartered NYK Bulkship has agreed to sell the 2012-built, 107,000 dwt…

  • Black Sea war risk premiums surge

    Black Sea war risk premiums surge Insurance rates for ships trading in the Black Sea have jumped sharply following a fresh wave of attacks on vessels linked to Russia. Citing data from Marsh, the world’s largest insurance broker, Bloomberg reported yesterday the cost of covering port calls in the region has more than tripled in…

  • Winning doubles down on large bauxite carriers with six more newbuilds

    Winning doubles down on large bauxite carriers with six more newbuilds Large bulkers specialist Winning International Group has expanded its push into the very large ore carrier segment, ordering another six 325,000 dwt VLOCs from CSSC Beihai Shipbuilding to support its growing West Africa–China bauxite trade. The Singapore-based owner — which runs a fleet of…

  • Cargo ship accidentally strikes pier in Busan, South Korea

    Cargo ship accidentally strikes pier in Busan, South Korea Jens Karsten Go to baird maritime

  • Jinhui cashes in on ageing supramax as fleet overhaul rolls on

    Jinhui cashes in on ageing supramax as fleet overhaul rolls on Jinhui Shipping & Transportation has sold another ageing supramax as it continues to refresh its fleet. The Oslo-listed, Hong Kong-based owner confirmed it has agreed to divest the 2012-built 56,361 dwt Jin Bi in a $14.4m deal with Hong Kong buyer Xing Le Investments.…

  • Splash Wrap: All eyes on the Suez Canal

    Splash Wrap: All eyes on the Suez Canal The Suez Canal Authority was in bullish form this week, suggesting that many shipping companies are readying to ditch the Cape of Good Hope and return to Red Sea transits, something that will have an enormous impact on freight rates.  Diana Shipping made its move on New…

  • Splash Singapore confirms stellar global shipowner cast

    Splash Singapore confirms stellar global shipowner cast Big names in global shipowning are signing up to speak at next year’s Splash Singapore with organisers determined to make the event Asia’s largest shipowner gathering. Splash Singapore is a new event building on eight editions of the Maritime CEO Forum Singapore, organised by the team behind shipping…

  • Jinhui continues to trim older tonnage with $10.3m supramax disposal

    Jinhui continues to trim older tonnage with $10.3m supramax disposal Jinhui Shipping & Transportation has offloaded another ageing supramax as it continues to trim older tonnage and push ahead with its fleet renewal plan. The Oslo-listed, Hong Kong-based owner said it has struck a deal to sell the 2008-built Jin Sui, a 56,968 dwt vessel…

  • Diana Shipping tables buyout offer for Genco

    Diana Shipping tables buyout offer for Genco Diana Shipping has made its move on New York-listed Genco Shipping & Trading, tabling a cash offer to acquire all remaining shares it does not already own at $20.60 per share. The Athens-based owner, led by chief executive Semiramis Paliou, holds 14.8% of Genco after steadily building its…

  • Ship’s chief officer, three others charged after 525 kg of cocaine found off Western Australia coast

    Ship’s chief officer, three others charged after 525 kg of cocaine found off Western Australia coast Jens Karsten Go to baird maritime