ShippingWatch

Japanese collaboration to design detachable sails for large vessels

Ingenuity abounds when it comes to inventing new methods for more climate-friendly propulsion of commercial vessels. Two Japanese companies will design detachable sails for a dry cargo ship of 183,000 dwt, the companies state.

Gearbulk announces renegotiated agreements with Japanese shipowners

Gearbulk has completed the renegotiation of charter contracts with Japanese shipowners, the carrier informs ShippingWatch after announcing cost saving measures last year as a result of a rough dry bulk market.

G2 Ocean kicks off major expansion of Singapore office

G2 Ocean is currently in process to nearly double the number of employees at its Singapore-based office. A total of 15 new positions have been posted to keep up with the company's growth in the area.

Golden Ocean points to the biggest area for lowering fuel consumption

Golden Ocean outlines several areas that could be improved in order to reduce fuel consumption. Marine fouling is the area where improvements could be the largest, says the CEO in an interview with ShippingWatch.

Strong dry bulk market makes Norden raise its guidance again

Dry bulk operator Norden once again updates its earnings forecast. A historically strong dry bulk market leads the company to raise its guidance for an adjusted result of upwards of USD 160 million.

Shipyards in Asia see record growth in orderbook for new container vessels

In the spring, an unusually lucrative container market resulted in a record inflow of orders for new container capacity at shipyards in Asia. Orders were 60 percent higher than the previous record from 2005, according to Bimco.

Photo: David Gray/Reuters/Ritzau Scanpix

Stranded Australian coal cargo arrives in China after 356 days at sea

A vessel stranded off the Chinese coast for 356 days with Australian coal has now left the port of Jingtang after delivering its cargo, according to shipping data analyzed by Bloomberg.

Golden Ocean sees best quarterly result ever

John Fredriksen-controlled Golden Ocean has generated the best quarterly result in the history of the company. CEO is optimistic about the prospects of a longer period with high rates.

Maersk Broker sees container and dry bulk upturn kick-start vessel sales

Maersk Broker benefits from the upturn in container and dry bulk that characterized the first quarter. "A very reasonable way to start off the year," says CEO Anders Hald in an interview with ShippingWatch. For 2021 he expects a significantly better result than last year.