krogragg

Category: Dry Cargo

  • C Transport Maritime: Radziwill’s take on tariffs and dry bulk

    C Transport Maritime: Radziwill’s take on tariffs and dry bulk Donald Trump’s tariffs have had a surprising effect on the shipping’s largest sector, argues one of the most famous names in dry bulk in today’s Maritime CEO interview. “The shifts in global trades they caused have helped improve the dry bulk freight supply/demand picture mostly…

  • Golden Ocean name consigned to history after CMB.TECH takeover

    Golden Ocean name consigned to history after CMB.TECH takeover One of the world’s most famous names in shipping has disappeared following a shareholder vote yesterday in Bermuda.  Golden Ocean Group, originally founded in 1978 by Fred Cheng before being sold under Chapter 11 protection to John Fredriksen’s Frontline in 2000, has now been folded into…

  • Explosion rocks bulk carrier departing Baltimore

    Explosion rocks bulk carrier departing Baltimore Baltimore’s already bruised maritime sector was dealt another scare on Monday evening when a Greek-owned coal carrier suffered a spectacular explosion as it departed the port. The 81,681 dwtW Sapphire, managed by Athens-based W Marine and flagged in Liberia, had just cleared CSX’s Curtis Bay terminal around 6:30 pm…

  • ‘Deep slump’ in recorded dry bulk orders this year

    ‘Deep slump’ in recorded dry bulk orders this year Ship orders for most sectors have slowed dramatically in 2025, with shipping’s largest sector, dry bulk, among the quietest when it comes to signing contracts for new vessels.  The latest data from Clarksons Research shows that overall ordering in the year to date is down by…

  • Capesize values climb as Goldenport deal closes

    Capesize values climb as Goldenport deal closes Capesize values continue to firm, with a string of reported sales now confirmed and delivered. Greek and Chinese buyers have been the most active, tying their names to the majority of transactions. Goldenport has doubled its cape exposure, acquiring its first unit of the year — the 13-year-old,…

  • Houthis seek to legitimise maritime role with ‘Safe Transit’ service

    Houthis seek to legitimise maritime role with ‘Safe Transit’ service The Houthi-run Humanitarian Operations Coordination Center (HOCC) has released a new set of Frequently Asked Questions (FAQs) assuring safe passage to vessels transiting through the Gulf of Aden, Bab el Mandeb, the Arabian Sea and the Red Sea if they are not related to the…

  • Shipping’s biggest names set to return to Geneva Dry

    Shipping’s biggest names set to return to Geneva Dry Sign-ups to next year’s Geneva Dry – the world’s premier commodities shipping summit – are pouring in with organisers finalising the session line-ups for dry bulk’s biggest annual gathering. With hundreds of delegates already confirmed for the April 28 – 29 event, the 2026 edition is…

  • Diana Shipping charters out post-panamax to Oldendorff

    Diana Shipping charters out post-panamax to Oldendorff Greek bulker owner Diana Shipping has entered into a time charter contract with Oldendorff Carriers for one of its post-panamax vessels. The company hired the 2012-built, 98,704 dwt bulker Polymnia. The gross charter rate is $14,000 per day, minus a 5% commission paid to third parties, until a minimum…

  • Property woes cast long shadow over China’s steel and iron ore demand

    Property woes cast long shadow over China’s steel and iron ore demand The fragile state of China’s real estate sector continues to weigh heavily on dry bulk fortunes. State-run developer China South City Holdings was ordered to liquidate by Hong Kong’s High Court yesterday, with debts nearing $8bn, making it the biggest Chinese builder by…

  • Diana Shipping re-fixes ultramax to Cargill at lower rate

    Diana Shipping re-fixes ultramax to Cargill at lower rate New York-listed Greek bulker owner Diana Shipping has secured a fresh charter deal with Cargill for one of its ultramaxes, albeit at a slightly reduced rate compared to its previous contract. The Semiramis Paliou-led company has fixed the 60,508 dwt DSI Pegasus until at least May…

  • Splash Wrap: Flags, fines and fakes

    Splash Wrap: Flags, fines and fakes Sanctions, the shadow fleet, and the many ways authorities are trying to clamp down on this illicit trade kept Splash reporters busy all week, with clear evidence that the dark fleet is growing quicker than the West can contain.  The grey fleet – as tracked by broker BRS –…

  • Centrofin builds out dry bulk orderbook at Hengli

    Centrofin builds out dry bulk orderbook at Hengli Greek bulker and tanker owner Centrofin is expanding its presence in the dry segment with a pair of kamsarmax newbuildings added to the orderbook. The Dimitris Procopiou-led company has upped its newbuilding programme at China’s Hengli Heavy Industry to eight 82,000 dwt units, following the initial order…

  • Genco confirms Japanese capesize swoop

    Genco confirms Japanese capesize swoop US-based dry bulk owner Genco Shipping & Trading has confirmed its return to the secondhand market with the acquisition of a modern Japanese-built capesize. The John Wobensmith-led outfit, with currently 16 capes out of 42 bulkers in its fleet, has picked up a 2020 Imabari-built, 182,000 dwt scrubber-fitted vessel for…

  • Maris Fiducia debuts eight-vessel investment platform

    Maris Fiducia debuts eight-vessel investment platform Maris Fiducia Finance, the investment arm of Maris Fiducia, has created a new platform for investors based on its eight-strong Bird Fleet. According to the company, the platform is for robust maritime investments, backed by real ships, long-term contracts, and a focus on sustainability. Maris Fiducia’s Bird Fleet consists…

  • Kmarin books newcastlemax newbuilds in China

    Kmarin books newcastlemax newbuilds in China South Korea’s Kukje Maritime Investment (Kmarin) has returned to the newbuilding market with an order for two newcastlemax bulk carriers, ending a seven-year absence from the shipyard orderbooks. The Seoul-based owner has contracted Jiangsu New Hantong Ship Heavy Industry to build the 210,000 dwt vessels. No price or delivery…

  • Jinhui continues ship sales with fifth deal of the year

    Jinhui continues ship sales with fifth deal of the year Chinese dry bulk player Jinhui Shipping and Transportation has agreed to sell yet another supramax bulker, marking its fifth vessel sale of the year. The Oslo- and Hong Kong-listed company is offloading the 2009-built 65,900 dwt Jin Jun to Singapore-incorporated Huwell Global Resources in a…

  • Polsteam books up to six handysize bulker newbuilds in China

    Polsteam books up to six handysize bulker newbuilds in China Polish Steamship Co (Polsteam) has moved to bolster its fleet with a fresh series of handysize bulk carriers ordered at Wuhu Weihai Shipbuilding in China. The state-owned operator has signed for four firm 45,000 dwt vessels, with options for two additional units. The first ship…

  • Panama will not register tankers and bulk carriers older than 15 years

    Panama will not register tankers and bulk carriers older than 15 years In its most firm action to date to counter dark fleet registrations, the Panamanian Ship Registry, the world’s second-largest flag, will no longer accept tankers or bulk carriers aged more than 15 years old.  “By prioritizing quality over quantity and implementing more rigorous…

  • Great Eastern picks up secondhand kamsarmax

    Great Eastern picks up secondhand kamsarmax Indian owner Great Eastern Shipping is pressing ahead with its fleet renewal initiative, having contracted to buy a 2015-built kamsarmax bulk carrier. The unnamed 81,843 dwt vessel is expected to change hands by October, the Mumbai-listed diversified owner said in a stock exchange filing. While the company has not…

  • Electricity blackouts are a blessing for shipping

    Electricity blackouts are a blessing for shipping Pierre Aury provides readers with a history of electricity generation and why the push for renewables could still be a net positive for shipping.  Shipping’s been carrying growing volumes of fossil fuels for a longer period of time than anticipated. That’s in no small part down to Tesla. No,…

  • Diana Shipping reaches near 10% stake in Genco

    Diana Shipping reaches near 10% stake in Genco Greek dry bulk owner Diana Shipping has increased its stake in US-listed peer Genco Shipping & Trading. Filing with the US Securities and Exchange Commission shows the Semiramis Paliou-led Diana paid a total of around $61.7m for 4.29m of Genco’s shares, corresponding to a 9.99% stake. In…

  • Discount hotel rooms go on sale for next year’s Geneva Dry

    Discount hotel rooms go on sale for next year’s Geneva Dry Special priced hotel rooms are now ready for booking for next year’s Geneva Dry, the world’s premier annual commodities shipping summit, scheduled for April 28 and 29. Organisers have secured room discounts at the Hotel President Wilson, the five-star establishment hosting the event. Facing…

  • Castor seals $14.6m leaseback for kamsarmax bulker

    Castor seals $14.6m leaseback for kamsarmax bulker Cyprus-based bulker and boxship owner Castor Maritime has completed a sale and leaseback transaction with a Japanese counterparty for one of its kamsarmaxes. The Nasdaq-listed company has struck a deal for the 2011-built Magic Thunder, with the 83,400 dwt vessel bringing in about $14.6m. The vesssel will remain…

  • COSCO rolls out 14‑vessel shipbuilding push at domestic yards

    COSCO rolls out 14‑vessel shipbuilding push at domestic yards COSCO Shipping has launched a fresh newbuilding push which will see 14 ships constructed at domestic yards. COSCO Shipping Development, the financing arm of China’s state-controlled shipping giant, has commissioned a newbuilding package, including 10 newcastlemax bulk carriers and four asphalt carriers. Four 210,000 dwt newbuilds…

  • South Korea in push for US trade deal to offer package including shipbuilding tie-up

    South Korea in push for US trade deal to offer package including shipbuilding tie-up Reuters Go to baird maritime

  • Caribbean seeks stronger Africa trade as traditional routes waver

    Caribbean seeks stronger Africa trade as traditional routes waver Reuters Go to baird maritime

  • Diana Shipping takes softer rate on new kamsarmax fixture

    Diana Shipping takes softer rate on new kamsarmax fixture Hot on the heels of ultramax charter deal with Cargill, Greece’s Diana Shipping has fixed one of its kamsarmaxes to Singapore-based Propel Shipping, accepting a reduced dayrate compared to the vessel’s previous employment. The New York-listed dry bulk outfit with 36 ships in its fleet has…

  • Safe Bulkers offloads ageing kamsarmax

    Safe Bulkers offloads ageing kamsarmax Greek dry bulk owner Safe Bulkers has sold one of its oldest vessels as it makes room for a wave of newbuild deliveries. The New York-listed firm is offloading the 2007 Tadotsu Tsuneishi-built kamsarmax Pedhoulas Leader to an undisclosed buyer for $12.5m. The 82,300 dwt bulker, estimated by online pricing…

  • Houthis threaten all ships linked to Israeli trade in escalated maritime campaign

    Houthis threaten all ships linked to Israeli trade in escalated maritime campaign Yemen’s Houthi rebels on Sunday declared an escalation in their maritime campaign, announcing they will now target any ships belonging to companies that do business with Israeli ports, regardless of flag, ownership, or destination. The warning, delivered in a televised statement by the…

  • Diana seals Cargill ultramax fixture

    Diana seals Cargill ultramax fixture New York-listed Greek dry bulk owner Diana Shipping has signed a time charter agreement with Cargill’s shipping unit in Singapore, for one of its ultramax vessels. The 2017-built DSI Phoenix has been fixed from August 3, 2025, with a duration running from a minimum of October 1, 2026, to a…

  • West Africa now drives one in seven cape cargoes

    West Africa now drives one in seven cape cargoes West Africa now represents 14% of capesize liftings as compared to 6% three years ago, according to new data from Jefferies, an investment bank. The redrawing of the global cape trading map has been driven by strong bauxite export growth, mainly out of Guinea. Cape volumes…

  • Freight as a combination of science and art

    Freight as a combination of science and art Willem Vermaat, shipping director at Heidelberg Materials Trading, shares his perspective on the intricacies of dry bulk shipping. What is the challenge in calculating freight? It’s not rocket science, is it? Or is it perhaps a form of art? Fundamentally, freight is a simple equation; total expenses…

  • CTM taps in-transit hull cleaning robots

    CTM taps in-transit hull cleaning robots Monaco-based dry bulk pool giant C Transport Maritime (CTM) has invested in CRABI Robotics, a US-based startup developing an autonomous hull cleaning system aimed at tackling biofouling while ships remain in transit. The partnership will also see CTM serve as a pilot partner, helping the robotics firm bring its…

  • Diesel-electric Vertom Tula hits the water

    Diesel-electric Vertom Tula hits the water Dutch shortsea shipping player Vertom Group has launched and christened its ninth 7,280 dwt diesel-electric multipurpose dry cargo ship, MV Vertom Tula. The post Diesel-electric Vertom Tula hits the water appeared first on Offshore Energy. Ajsa Habibic Go to offshore energy biz

  • Jinhui continues fleet trim with another supramax sale

    Jinhui continues fleet trim with another supramax sale Chinese dry bulk player Jinhui Shipping and Transportation has agreed to sell another supramax bulker, marking its fourth vessel sale of the year. The Oslo- and Hong Kong-listed company is divesting the 2009-built 65,900 dwt Jin Ji to Hong Kong-incorporated Huwell Tanker Spring for $11m. Jinhui said…

  • MOL launches global shipmanagement arm

    MOL launches global shipmanagement arm Japan’s Mitsui OSK Lines (MOL) is consolidating its shipmanagement businesses under a single brand and location, aiming to streamline operations and enhance service quality across all vessel types. The Tokyo-headquartered shipping giant has renamed its Singapore-based LNG management arm, MOL LNG Ship Management, to MOL Global Ship Management (MOLGSM). The…

  • Diana Shipping makes move on Genco with $46m stock play

    Diana Shipping makes move on Genco with $46m stock play Greek dry bulk owner Diana Shipping has disclosed a 7.7% equity stake in US-listed peer Genco Shipping & Trading, further stirring interest around the Manhattan-based bulker player. A recent 13D filing with the US Securities and Exchange Commission shows the Semiramis Paliou-led Diana has acquired…

  • CSSC Shipping signs for newcastlemax newbuilds

    CSSC Shipping signs for newcastlemax newbuilds CSSC Shipping has moved to bolster its dry bulk portfolio with a pair of newcastlemax newbuilds. The Hong Kong-listed leasing arm of state-owned China State Shipbuilding Corporation (CSSC) has struck a deal for the 210,400 dwt units with Qingdao Beihai Shipbuilding and China Shipbuilding Trading. Each vessel is priced…

  • USTR threat hits Chinese shipyards as global orders slump

    USTR threat hits Chinese shipyards as global orders slump A contraction in Chinese shipbuilding orders has been registered in the first half of 2025, with Beijing’s once unassailable dominance increasingly under pressure from geopolitical tensions and a softening global market. According to new data from BIMCO, China’s share of newbuilding contracts dropped from 72% to…

  • Genco targets fleet and growth moves with new $600m credit line

    Genco targets fleet and growth moves with new $600m credit line US-based dry bulk owner Genco Shipping & Trading has completed an amended and upsized revolving credit facility, boosting its borrowing capacity to $600m as it positions itself for future growth and continued balance sheet flexibility. The new deal increases the New York-listed company’s credit…

  • Red Sea traffic falls as Houthis vow to continue attacks

    Red Sea traffic falls as Houthis vow to continue attacks The Philippine Department of Migrant Workers (DMW) confirmed on Thursday that three more Filipino seafarers from the attacked and sunken vessel Eternity C have been rescued in the Red Sea, bringing the total number of rescued Filipinos to eight. Thirteen remain unaccounted for as search…

  • Guinea forms its own shipping line to move booming bauxite exports

    Guinea forms its own shipping line to move booming bauxite exports Bauxite shipping out of West Africa, a fast-growing source of extra tonne-miles for the cape trades, faces headwinds with news from Guinea where the government is vowing to take greater control of the maritime supply chain. Guinea has been the dominant source of bauxite…

  • Splash Wrap: Red Sea attacks lead coverage

    Splash Wrap: Red Sea attacks lead coverage The global shipping industry has been rocked by two deadly attacks this week in the Red Sea, with Yemen’s Houthi rebels launching their first campaign against merchant shipping of the year, sinking two bulk carriers, killing at least three seafarers, wounding others, and reportedly kidnapping crew. A new…

  • Indonesia’s Jhonlin Marine quietly builds ultramax fleet with Japanese tonnage

    Indonesia’s Jhonlin Marine quietly builds ultramax fleet with Japanese tonnage Jhonlin Marine Trans, the shipping arm of Indonesia’s sprawling Jhonlin Group, has quietly assembled an impressive trio of Japanese-built ultramax bulk carriers, signalling a growing ambition in the dry bulk sector from one of the country’s most powerful conglomerates. The company’s fleet now includes three…

  • One in six ships flagged as potential Houthi targets

    One in six ships flagged as potential Houthi targets The global shipping industry has been rocked by two deadly attacks this week in the Red Sea, with Yemen’s Houthi rebels launching their most violent maritime campaign since early 2024, killing at least three seafarers, wounding others, and reportedly kidnapping crew. The bulk carrier Eternity C,…

  • Panama Canal rebounds as container and LPG volumes rise

    Panama Canal rebounds as container and LPG volumes rise While the Red Sea has roared back to the front pages of the shipping press this week, and the Black Sea remains blighted by war, one other chokepoint that has caused supply chain chaos in recent years has reported that it is operating at full capacity.…

  • World’s largest coal port plots post-coal course as China slashes imports

    World’s largest coal port plots post-coal course as China slashes imports China is slashing coal imports dramatically, forcing the world’s largest coal export port to contemplate a future beyond the black fossil fuel.  This decline is largely driven, according to analysis by Greek broker Intermodal, by rising domestic coal output in China, elevated inventories, increased…

  • Reederei Bernd Sibum awarded German Government funding for ship upgrades

    Reederei Bernd Sibum awarded German Government funding for ship upgrades Rafael Sanches Go to baird maritime

  • Dutch yard lays keel of 5,600DWT vessel ordered by Navigare Shipping

    Dutch yard lays keel of 5,600DWT vessel ordered by Navigare Shipping Gareth Havelock Go to baird maritime

  • Red Sea shipping crisis deteriorates rapidly as attacks intensify

    Red Sea shipping crisis deteriorates rapidly as attacks intensify The security situation in the Red Sea has taken a sharp turn for the worse over the past 48 hours, with back-to-back attacks on merchant vessels and Israeli airstrikes targeting multiple Yemeni ports. Yesterday, the Liberian-flagged bulk carrier Eternity C, operated by Greek firm Cosmoship Management,…

  • Copper concentrate shipments on track for record year

    Copper concentrate shipments on track for record year The global seaborne trade in copper concentrates is surging to new highs, with fresh data from Ursa Shipbrokers and AXSMarine showing record-breaking shipments in the first half of 2025. Loadings reached 18.5m tonnes during the six-month period, a 6.3% year-on-year increase from 17.4 million tonnes in the…

  • World’s first hybrid solar-powered inland shipping vessel starts work

    World’s first hybrid solar-powered inland shipping vessel starts work Dutch solar innovator Wattlab and German inland shipping giant HGK Shipping have unveiled the world’s first inland vessel capable of using solar power for propulsion. The newly delivered Blue Marlin represents a major step forward in hybrid marine technology, showcasing how solar energy can be integrated…

  • DP World to take helm of NovaAlgoma Cement Carriers

    DP World to take helm of NovaAlgoma Cement Carriers P&O Maritime Logistics, a unit of ports and logistics heavyweight DP World, has acquired a controlling stake in NovaAlgoma Cement Carriers (NACC), the leading operator of pneumatic cement carriers, in a move that positions the Dubai-based group deeper into infrastructure-driven dry bulk trades. The transaction, with…

  • Jinhui agrees third supramax sale

    Jinhui agrees third supramax sale Chinese bulker owner and operator Jinhui Shipping and Transportation has sealed its third supramax sale this year. The Oslo- and Hong Kong-listed company is offloading the 2009-built 65,900 dwt Jin Gang to Singapore’s Huwell Shipping for $10.8m. The Shanghai Shipyard-built unit should change hands by August 15, the operator of…

  • Splash Wrap: Trump leads headlines in a calmer week for shipping

    Splash Wrap: Trump leads headlines in a calmer week for shipping Compared to almost every other week of 2025, from a shipping news/geopolitical point of view this week has been comparatively calm. Nevertheless, the word Trump featured in more Splash headlines than any other word once again. The big news at the start of the…

  • BHP signs charters with COSCO for ammonia-powered newcastlemax newbuilds

    BHP signs charters with COSCO for ammonia-powered newcastlemax newbuilds BHP has signed five-year charter contracts with COSCO Shipping Bulk for two ammonia dual-fuelled newcastlemax bulk carriers. The two 210,000 dwt vessels, expected to be delivered from 2028, will primarily transport iron ore from Western Australia to Northeast Asia. BHP vice president of maritime and supply…

  • Norden flips two more ships

    Norden flips two more ships Denmark’s Norden has revealed new activity in the sale-and-purchase market with two transactions closed in the dry and wet segments, continuing a wave of disposals tied to its purchase-option strategy. The Copenhagen-listed company has offloaded one supramax bulk carrier and one MR tanker for an undisclosed sum. No further details…

  • Louis Dreyfus Armateurs sold to private equity

    Louis Dreyfus Armateurs sold to private equity One of the most famous names in French shipping has been sold to private equity. The Louis-Dreyfus family, shareholder of Louis Dreyfus Armateurs (LDA), has sold an 80% stake in the shipowner to Paris-headquartered InfraVia Capital Partners for an undisclosed sum in a deal that was first discussed…

  • Norway’s Amon Maritime unveils ammonia-powered bulk carrier venture

    Norway’s Amon Maritime unveils ammonia-powered bulk carrier venture Norway’s Amon Maritime has set up a new company to order ammonia-fuelled bulk carriers backed by a state grant. Named Amon Bulk, the new venture will develop two vessel types — a capesize and a kamsarmax — using a NOK253m ($25m) award from energy transition agency Enova.…

  • Mazagon Dock Shipbuilders to buy controlling stake in Colombo Dockyard

    Mazagon Dock Shipbuilders to buy controlling stake in Colombo Dockyard Reuters Go to baird maritime

  • Caravel Group sheds kamsarmax fleet

    Caravel Group sheds kamsarmax fleet Hong Kong conglomerate Caravel Group has sold two of its Chinese-built kamsarmax bulk carriers in a deal valued at about $41m. The Banga family’s dry bulk owner has let go of the 81,073 dwt Explorer Oceania and the 81,093 dwt Explorer Asia, with both ships built at Jiangsu Hantong in…

  • Diana Shipping seals Cargill ultramax charter

    Diana Shipping seals Cargill ultramax charter New York-listed Greek bulker owner Diana Shipping has secured a new time charter deal with Cargill Ocean Transportation for one of its ultramaxes. The Semiramis Paliou-led company has fixed the 60,404 dwt DSI Polaris until July 21 next year at $12.500 per day. The charter starts on July 1…

  • Pacific Basin signs methanol fuel deal with Towngas

    Pacific Basin signs methanol fuel deal with Towngas Hong Kong-based dry bulk shipping giant Pacific Basin has signed a memorandum of understanding (MOU) with The Hong Kong and China Gas Company Limited (Towngas) to secure supplies of green methanol, as the company moves to meet tightening international emissions standards. The deal outlines plans for Towngas…

  • Dry Cargo Vessel News Roundup | June 25 – Chinese and Norwegian car carriers, Japanese-built Panamax bulker and more

    Dry Cargo Vessel News Roundup | June 25 – Chinese and Norwegian car carriers, Japanese-built Panamax bulker and more Baird Maritime Go to baird maritime

  • Shandong Marine signs for 10 VLOC newbuilds

    Shandong Marine signs for 10 VLOC newbuilds Shandong Marine Group has swelled its orderbook of very large ore carriers (VLOCs) at Qingdao Beihai Shipbuilding. The Chinese state-run shipping firm has contracted for ten 325,000 dwt guaibamax units to take its newbuilding series booked at the yard to 16 vessels. In December 2023, Shandong Marine signed…

  • ClarkSea Index hits year-high ahead of American strikes on Iran

    ClarkSea Index hits year-high ahead of American strikes on Iran The cross-sector ClarkSea Index, a weighted average of tanker, bulk carrier, containership and gas carrier earnings managed by Clarksons Research, hit a new high for 2025 on Friday, ahead of the decision by the US to strike Iran, something that will likely see the index,…

  • Trump softens on Iran intervention amid maritime chaos in Gulf

    Trump softens on Iran intervention amid maritime chaos in Gulf Oil prices dipped 2% in early trading today as Donald Trump appeared to step back from joining Israel’s attacks on Iran, while the waters in the Middle East remain busy, and dangerous thanks to vastly increased GPS spoofing in the region in the week since…

  • Freight market reacts to soaring Middle East tensions

    Freight market reacts to soaring Middle East tensions Tensions in the Middle East have reached a boiling point this week as senior US officials reportedly prepare for a potential military strike on Iran, a move that threatens to ignite a wider regional conflict. According to a Bloomberg report citing individuals familiar with the matter, the…

  • Hagland buys chartering platform Vanora

    Hagland buys chartering platform Vanora Norwegian maritime group Hagland has acquired compatriot chartering platform Vanora in a strategic move to bolster its digital service offerings. The financial terms of the deal were not disclosed. The deal will see the Aanensen family run vehicle integrate Vanora’s flagship solution, VesselAdmin, a digital chartering and payment platform designed…

  • Diana ships out 15-year-old panamax

    Diana ships out 15-year-old panamax Greek bulker owner Diana Shipping has struck a deal to sell its 15-year-old panamax to an undisclosed buyer. The New York-listed company is offloading the 75,700 dwt Selina after more than nine years for $11.8m, before commissions. The Jiangnan Shanghai Changxing-built vessel, estimated at $12.35m by online pricing platform VesselsValue,…

  • GPS jamming on the rise as Israel-Iran conflict enters fourth day

    GPS jamming on the rise as Israel-Iran conflict enters fourth day The conflict between Israel and Iran stretched into a fourth consecutive day on Monday, rattling global energy markets and placing the maritime industry on edge. While Israeli airstrikes have so far avoided directly targeting Iran’s crude oil infrastructure, a reported explosion at a natural…

  • GC Rieber in battery-powered bulker move

    GC Rieber in battery-powered bulker move Norway’s GC Rieber Shipping has revealed plans to develop a fully electric, battery-powered dry bulk vessel. The project is a collaboration with freight partners GC Rieber Minerals and Franzefoss Minerals, and is tailored for shortsea operations along the Norwegian coast. The initiative is backed by a $9.5m grant from…

  • Norway’s Møre Sjø orders hydrogen-powered bulkers

    Norway’s Møre Sjø orders hydrogen-powered bulkers Norwegian shipping company Møre Sjø has placed an order for a pair of hydrogen-powered bulk carriers at Turkey’s Gelibolu Shipyard. The 4,000 dwt newbuilds slated for delivery in 2027 will feature hydrogen fuel cells and battery propulsion systems. The Ørsta-based company currently operates two 1983- and 1984-built bulk carriers…

  • Geneva Dry 2026 opens for business

    Geneva Dry 2026 opens for business Organisers of Geneva Dry, the world’s premier commodities shipping conference, have unveiled today the agenda for the 2026 edition of the summit with marketing officially underway for what is forecast to be a record turnout at the five-star Hotel President Wilson on the shore of Lake Geneva. The annual…

  • Japan’s Shinomiya Tanker taps domestic yards for handysize bulker series

    Japan’s Shinomiya Tanker taps domestic yards for handysize bulker series Japanese shipowner Shinomiya Tanker has reportedly commissioned three compatriot yards for five handysize bulker newbuildings. The Tokushima-based company has placed a single 40,000 dwt vessel at Naikai Zosen, with two additional ships each ordered from Imabari Shipbuilding and Hakodate Dockyard at $33m apiece. The first…

  • DryDel inks ultramax order in Japan

    DryDel inks ultramax order in Japan Greek bulker owner and operator DryDel Shipping is expanding its fleet with an ultramax newbuilding deal in Japan. The Costas Dellaportas-led company has penned a contract with Nihon Shipyard to see the 64,000 dwt vessel delivered in 2028. Financial terms have not been divulged. The order marks the 10th…

  • COSCO Shipping Specialized Carriers seals $310m deal for six heavylift ships

    COSCO Shipping Specialized Carriers seals $310m deal for six heavylift ships COSCO Shipping Specialized Carriers is bringing in six multipurpose heavylift vessels in a deal with Bank of Communications Financial Leasing (BoComm Leasing). The Shanghai-listed unit of COSCO Shipping Group, with a diversified fleet of more than 150 ships, has signed up for 60,000 dwt…

  • Dry Cargo Vessel News Roundup | June 10 – Chinese-built car carriers, Dutch operator’s newest hybrid ship and more

    Dry Cargo Vessel News Roundup | June 10 – Chinese-built car carriers, Dutch operator’s newest hybrid ship and more Baird Maritime Go to baird maritime

  • Diana Shipping charters out panamax to Stone Shipping

    Diana Shipping charters out panamax to Stone Shipping Greek bulker owner Diana Shipping has entered into a time charter contract with Stone Shipping for one of its panamax vessels. The company hired the 2014-built, 77,529 dwt ice-class bulker Atalandi. The gross charter rate is $9,000 per day for the 35 days of the charter period…

  • Red Sea shipping rebounds 60% as Houthi attacks decline

    Red Sea shipping rebounds 60% as Houthi attacks decline The volume of ship traffic in the Red Sea has increased by 60% since August 2024, now reaching 36 to 37 ships per day. Despite the rebound, volumes remain well below pre-crisis levels, according to Rear Admiral Vasileios Gryparis, commander of the EU’s Aspides naval mission.…

  • Resilience, accountability, agility: the case for small independent dry bulk operators

    Resilience, accountability, agility: the case for small independent dry bulk operators Sagitta Marine managing director Thomas Zaidman argues why smaller shipowners are a necessary force – not a risk – in the market. The recent Geneva Dry conference saw shipowners converge in huge numbers to listen to panels on many matters of interest to the…

  • ‘Britain has gone to hell, like Norway’: John Fredriksen

    ‘Britain has gone to hell, like Norway’: John Fredriksen Norway’s richest man, John Fredriksen, has launched a blistering critique of the state of life in both Norway and the UK, confirming he is relocating some of his business to the United Arab Emirates to escape what he sees as a Western world in steep decline.…

  • Carsten Rehder lines up more newbuilds in India

    Carsten Rehder lines up more newbuilds in India German shipowner Carsten Rehder Schiffsmakler und Reederei is further strengthening its ties with India’s Garden Reach Shipbuilders and Engineers (GRSE), signing a new memorandum of intent for four additional multipurpose (MPP) dry cargo vessels. The agreement, signed during the Nor-Shipping event in Oslo, brings the total number…

  • FEATURE | “I’ve seen hell”: Inside the global crisis of seafarer exploitation

    FEATURE | “I’ve seen hell”: Inside the global crisis of seafarer exploitation Reuters Go to baird maritime

  • OceanPal offloads its oldest bulker

    OceanPal offloads its oldest bulker Greek shipowner OceanPal has struck a deal to sell its oldest bulk carrier. The Nasdaq-listed company is shipping out the 2004-built panamax Protefs to an unnamed buyer for $7m before commissions. The Jiangnan Shanghai Changxing-built 73,600 dwt unit should change hands by June 17. Earlier this year, OceanPal sold the…

  • Diana Shipping fixes out newcastlemax to Bohai Ocean Shipping

    Diana Shipping fixes out newcastlemax to Bohai Ocean Shipping Greek bulker owner Diana Shipping has entered into a time charter contract with Bohai Ocean Shipping for one of its newcastlemax vessels. The company hired the 2017-built, 208,021 dwt bulker Newport News. The gross charter rate is $25,000 per day, minus a 5% commission paid to third…

  • Germany’s CLI orders cargo vessel for Europe-Canada route

    Germany’s CLI orders cargo vessel for Europe-Canada route Rafael Sanches Go to baird maritime

  • Federal court blocks Trump’s tariffs

    Federal court blocks Trump’s tariffs In the latest twist in the trade war unleashed by Donald Trump, an American federal court has blocked the president’s sweeping tariffs. The Court of International Trade has ruled that the emergency law invoked by the White House does not give the president unilateral authority to impose tariffs on nearly…

  • Eastern Pacific signs up for Korean autonomous navigation tech

    Eastern Pacific signs up for Korean autonomous navigation tech Singapore-based Eastern Pacific Shipping (EPS) has lined up two of its managed vessels for the installation of artificial intelligence-based autonomous navigation technology developed by Hyundai Heavy Industries’s subsidiary Avikus. The project will see Avikus’ Hyundai intelligent Navigation Assistant System (HiNAS) Control, HiNAS Cloud and analytics platform…

  • Martin Sato returns as CEO at Lauritzen Bulkers

    Martin Sato returns as CEO at Lauritzen Bulkers Denmark’s Lauritzen Bulkers has appointed Martin Sato as its new chief executive. Sato, who previously spent 18 years at J. Lauritzen’s dry bulk business, will join the Copenhagen-based shipowner and operator by December from fellow handysize bulker player BaltNav, where he has served as CEO since 2024.…

  • Norden signs iron ore port logistics deal in Australia

    Norden signs iron ore port logistics deal in Australia Danish shipping giant Norden has signed its first port logistics project in Australia with Kimberley Metals Group (KMG), a developer and operator of iron ore mining projects. Norden will provide additional assets for the existing transhipment operation, loading iron ore from the port of Wyndham in…

  • Denmark tests remote pilotage in Western Baltic

    Denmark tests remote pilotage in Western Baltic Alan Bosworth Go to baird maritime

  • Newbuild prices edge down

    Newbuild prices edge down Latest data from Clarksons Research shows that after three bumper years of orders, the appetite for newbuilds among owners is weak, down 57% year-on-year, which has also seen newbuild prices finally edge down. Clarksons is reporting newbuild prices are down 1.2% from the start of 2025, though they are still historically…

  • How iron ore seaborne trading patterns are changing

    How iron ore seaborne trading patterns are changing Some heavy-hitters were on stage for the final session of this year’s Geneva Dry summit, the iron ore panel moderated by Tim Huxley, the CEO of Mandarin Shipping, who kicked proceedings off by asking panellists if there had ever been a more difficult time to form a…

  • Star Bulk clears out five ageing supramaxes

    Star Bulk clears out five ageing supramaxes Nasdaq-listed Greek dry bulk giant Star Bulk Carriers has confirmed sales of five older supramax vessels. The Athens-based company revealed in its first-quarter earnings report it had sold the 2005-built Star Omicron and the 2006-built Strange Attractor. Both ships have already been delivered and renamed Fu Chang and…

  • Fednav’s Paul Pathy takes over at BIMCO

    Fednav’s Paul Pathy takes over at BIMCO The world’s largest shipping association, BIMCO, has elected its first president from the Americas. Paul Pathy, president and chief executive of Canada’s largest dry bulk shipping company, Fednav, is taking over from Nikolaus Schües, CEO of German owner F. Laeisz, who is finishing his two-year term. “I am…

  • Russia readies billions for domestic fleet buildout

    Russia readies billions for domestic fleet buildout Russia is stepping up the development and renewal of its fleet with plans to add more than 1,600 domestically built ships by 2036. Russian prime minister Mikhail Mishustin said that more than RUB500bn ($6.2bn) in federal funding will be spent over the next six years to support shipbuilders,…

  • Tariff truce tipped to usher in covid era uptick in box fortunes

    Tariff truce tipped to usher in covid era uptick in box fortunes The 90-day tariff ceasefire between the world’s top two economies could see covid era surges in shipments and box freight rates, one leading analyst has suggested.  The US and China have agreed to slash reciprocal tariffs by 115% for the next 90 days.…

  • Peru’s Shougang Hierro halts operations after port infrastructure collapse

    Peru’s Shougang Hierro halts operations after port infrastructure collapse Reuters Go to baird maritime

  • JR Shipping poised for dry bulk return with newbuild brace

    JR Shipping poised for dry bulk return with newbuild brace Dutch owner JR Shipping has set out to return to the shortsea dry cargo sector with two diesel-electric newbuilds to be built at Chowgule Shipbuilding in India. The Harlingen-based group will be adding 8,500 dwt ships with delivery scheduled for the end of June 2027…