CEO of German shipping company elected new Bimco president

Sabrina Chao has concluded her two-year tenure as president of the shipping organization that has now chosen her successor.

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Bulk freighter briefly grounded in Suez Canal now refloated

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Archival photo of an Eagle Bulk vessel. | Foto: Pr / Eagle Bulk

Three abducted Eagle Bulk seafarers have been released after 18 days

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More than 15,000 vessels could be scrapped within 2032

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Aberdeen aims to become UK's first net zero port by 2040

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Genco's CEO, John C. Wobensmith, will be joined by a new CFO this summer. | Foto: Pr / Marine Money

US bulk carrier finds new CFO internally

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Partner and former director leaves XO Shipping
Alexander Sillehoved, co-owner and former member of the executive branch, leaves Danish bulk operator XO Shipping.
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Ukraine's grain corridor gets two-month extension
Russia has agreed to renew the deal that ensures shipments of grain from Ukraine’s ports by the Black Sea.
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Eagle Bulk secures new bank agreement
The dry cargo operator has secured a new credit agreement that raises the existing loaning facility by triple-digit millions.
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Star Bulk claims insurance money from ship detained in Ukraine
The dry bulk carrier is also benefitting from increasing vessel values during a time when order books are thin and expectations for coming years are high.
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Golden Ocean's CEO gladly admits he misjudged the market
The turnaround in the dry bulk market came quicker than CEO Ulrik Andersen had predicted.
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Ammonia-fueled ships to sail iron ore routes from Australia in five years
Shipping companies behind a proposed green corridor transporting iron ore from Australia to East Asia seek to reach 5-percent adoption by 2030.
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Golden Ocean books deficit after difficult Q1 for dry cargo carriers
The Norwegian bulk carrier turned out red numbers in the first quarter after a long period with big profits. CEO Ulrik Andersen cites seasonal factors.
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Costamare now has a fleet of 51 bulkers
Shipowner Costamare’s new dry cargo operator has received 39 ships so far, writes the group in its Q1 results.
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Western Bulk guides for a loss in the year's first half
The Norwegian bulk operator sets the stage for a deficit in the first half of the year, but the company CEO expects more cargo and higher rates towards the end of 2023.
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Belships reports of better notes for bulk after rough beginning to 2023
The Norwegian dry cargo carrier saw its top and bottom line cut in half in the first quarter of 2023 when compared to one year earlier. But the bulk market is thawing once more.
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Norden hires Maersk's former head of investor relations
Stig Frederiksen, former head of investor relations at Maersk, will now undertake the same task at Norden. He will join the ranks after departing from Swedish bank.
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Klaveness predicts strong markets for both dry bulk and tanker in 2023
The Norwegian tanker and bulk carrier improved results in Q1 which offered the highest average income for the company’s vessels to date.
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Jan Rindbo reports of less panic as sanctions settle in
The carrier still earns well on oil freight but has begun ramping up business in bulk, says chief exec Jan Rindbo
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Pacific Basin hires former CFO of Norden and Maersk
Michael Tønnes Jørgensen has a past at Danish shipping companies, and is now heading to Hong Kong-based Pacific Basin.
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Dry bulk order book stoops to historical low
Dry bulk market has experienced dipping freight rates on lower demand in 2022, but low newbuild orderbook might turn things around, estimates Danish Ship Finance.
Norden bags another big profit and rewards shareholders
Product tanker and bulk carrier Norden exits Q1 with revenue at around USD 992m, aided by assets disposal and a strong tanker market.
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Eagle Bulk confirms kidnapping of three crew members
Three seafarers out of a crew of 20 on the Grebe Bulker have gone missing while the ship was anchored in Port of Owendo, Gabon. Eagle Bulk is working on ensuring a safe return of the crew members.
AD Ports moves into tanker and expands within dry bulk
Abu Dhabi’s port company adds new ships to its dry bulk fleet and makes its first move into the tanker segment.
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Shipping group calls for political action to make shipping green
If shipping is to reach its climate target, it is not enough to merely make energy cuts, the CEO of Grieg Maritime Group states.
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Dry bulk operator Navision saw profits dwindle in 2022
Headwinds on the dry cargo market hit Navision after its historically large profits in 2021.
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