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Bulk

Oaktree expands its presence in Star Bulk

Majority shareholder in Greek Star Bulk, equity fund Oaktree, uses its large ownership stake to insert another one of its people on the shipping company's board of directors.

Eagle Bulk sees scrubbers as the biggest opportunity this year

Almost all of Eagle Bulk's fleet has been fitted with scrubbers. The investment is the biggest opportunity for the dry bulk ship operator this year, says CEO Gary Vogel. "We remain constructive on the underlying fundamentals for dry bulk, and particularly for the midsize segment."

United Heavy Lift takes over nine ships from Zeamarine

Multipurpose operator United Heavy Lift takes over nine ships from competitor Zeamarine, learns ShippingWatch. This is the second time in a short while that Zeamarine hands over ships to a rival as part of a large-scale cost reduction effort.

Dry bulk shipowners face challenging 2020

The dry bulk fleet grew significantly more than demand last year. And 2020 will also not become a savior for the strained dry bulk sector, according to observers and stakeholders. There is a need for political stability, Ultrabulk CEO tells ShippingWatch.

Sulfur rules generate differing ship speeds

The new sulfur regulations have not only manifested themselves in a price spread between high- and low-sulfur fuels. There is also a difference between vessels' speeds, depending on whether or not a ship is equipped with a scrubber, according to shipbroker.

XO Shipping accuses Norden of running a scare campaign

XO Shipping's founder, Christian Levin, completely disagrees with Norden's description of a market in which customers choose large companies over small ones. "An attempt to start a scare campaign against smaller operators," Levin tells ShippingWatch.

Big dip in rates strain Nordic dry bulk operators after tough 2019

Klaveness pulled 20 percent of its chartered fleet out of the market last year. Following a slide in rates since the start of the year, the shipping company expects lower activity in the first quarter of the year. Shipping company Norden also sees a weak start to the new year after a challenging 2019.

J. Lauritzen eyes opportunities with new fuels

J. Lauritzen has for close to a month been procuring and sailing on new low-sulfur fuels. There is a big difference between how far the various new fuels last per liter, and this opens up for commercial opportunities, says the company.

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