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ShippingWatchSaturday28 January 2023

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Ships sailing on the US Mississippi River. The pictured ships have no connection to the Greek carriers mentioned in the article. | Foto: Gerald Herbert/AP/Ritzau Scanpix/AP

Greek carrier slapped with major fine for willful pollution tampering

Greek carrier Empire Bulkers and a related company are ordered to pay a USD 2m fine for knowingly discharging polluted water into the Mississippi River.

For subscribers

A small business owner resorts to candle lights during a Odessa blackout back in December 2022. | Foto: Stringer/Reuters/Ritzau Scanpix

Dry cargo operator running on back-up power: "The noise of generators is heard all over Odesa"

For subscribers

Ultrabulk CEO Hans-Christian Olesen belongs to the group of optimists regarding China's reopening. | Foto: Ultrabulk

China creates uncertainty for major dry cargo operators – it could go both ways

For subscribers

Foto: Clodagh Kilcoyne/Reuters/Ritzau Scanpix/REUTERS / X03756

Dry bulk rates halved in 2022

For subscribers

Foto: Pr / Eagle Bulk

Newest addition to Eagle Bulk board has experience from Fredriksen companies

For subscribers

Frank Mortensen lands new job following exit from Maersk Broker

For subscribers

  • Foto: PR / Pacific Basin

    Pacific Basin CFO steps down for personal reasons

    The dry cargo operator’s chief financial officer will leave the company at the end of March.

    For subscribers

  • Foto: Modelfoto/Colourbox

    Dry bulk operators earned millions of dollars during the pandemic

    Huge profits have suddenly turned things around for a number of dry cargo operators which hadn’t seen good results in years. The future looks more uncertain, but not necessarily bad.

    For subscribers

  • Foto: Chen Si/AP/Ritzau Scanpix

    China pivotal if dry bulk is to recover from tough start to the year

    Cleaves Securities lowers expectations for dry bulk freight rates after benchmark index falls below 1,000 points. China holds pivotal position, according to investment bank.

    For subscribers

  • Foto: PR / Pacific Basin

    Pacific Basin increases fleet with six second-hand vessels

    The dry bulk carrier has acquired six second-hand ships as part of an ongoing renewal and expansion of the fleet.

    For subscribers

  • Foto: Eagle Bulk / Eramet

    Eagle Bulk completes sustainable biofuel voyage

    A dry cargo vessel from US Eagle Bulk has completed a 100-percent biofuel voyage with mining company Eramet.

    For subscribers

  • Cargill orders two methanol vessels in Japan

    The major trading house has commissioned two methanol-fueled bulk vessels at a Japanese shipyard.
  • Foto: Daniel Munoz

    Three Chinese factors to determine coal shipments in 2023

    Having declined by more than 12 percent in 2022, China’s coal imports look set to resurge in 2023 where three factors will determine developments, writes Bimco.

    For subscribers

  • Foto: Oleksandr Gimanov/AFP/Ritzau Scanpix

    Bulk vessel ran aground in Suez Canal

    On Monday, bulk carrier MV Glory ran aground in Egypt’s Suez Canal delaying 19 other ships. The ship has been refloated.
  • One of Eagle Bulk's ultramax vessels. | Foto: Eagle Bulk Shipping

    Eagle Bulk begins 2023 with acquiring new bulk vessel

    The dry cargo operator will soon add an ultramax ship to its fleet for a price of USD 24.3m.

    For subscribers

  • Costamare Bulkers has an office in Singapore where the new bunker head will be placed. | Foto: Edgar Su/Reuters/Ritzau Scanpix

    Costamare Bulkers appoints new head of bunkers

    Recently launched dry cargo operator Costamare Bulkers has appointed a new head of bunkers, joining from a major industry player.

    For subscribers

  • Michael Fenger is COO of Norvic Shipping. | Foto: Michael Fenger Norvic Shipping

    Norvic Shipping to expand business with new credit facility

    The dry cargo operator has secured a new large credit facility that will be used to expand the company’s core business activities.

    For subscribers

  • Since the picture was taken, Union Bulk has brought yet another employee on board, now counting a total of ten. A foreign office could be underway as well, states partner Anders Svarrer (third from the left). | Foto: Union Bulk

    Union Bulk reaches milestone: "Not in our wildest imagination had we though it would go so fast"

    In its third year of existence, Union Bulk has already managed to exceed revenue of DKK 1bn (USD 142m). The dry cargo operator now considers opening a new office abroad, tells partner.

    For subscribers

  • Foto: Valentyn Ogirenko/Reuters/Ritzau Scanpix/REUTERS / X03345

    More than 16 million tonnes of grain shipped from Ukraine through Black Sea corridor

    Close to 700 ships have moved more than 16 million tonnes of grain and other foodstuffs out of Ukraine through Black Sea Grain Initiative since its establishment on Aug. 1 last year.

    For subscribers

  • Foto: Marine Money

    Eagle Bulk is optimistic for 2023

    Two factors are to fall into place if dry bulk carriers are to thrive in 2023. Eagle Bulk chief exec Gary Vogel is optimistic. Edited.
  • Foto: Ntb Scanpix/Reuters/Ritzau Scanpix

    Tanker operators more profitable this year than container and dry bulk colleagues

    Increasing oil production and Russia’s invasion of Ukraine have led to big market changes this year, pushing up earnings in the tanker market, writes Bimco.

    For subscribers

  • Gary Vogel, CEO, Eagle Bulk. | Foto: Pr / Eagle Bulk

    Eagle Bulk goes public in New York

    As of Jan. 4, 2023, the dry cargo operator’s shares will be traded at the New York Stock Exchange.

    For subscribers

  • Foto: Ints Kalnins/Reuters/Ritzau Scanpix

    John Fredriksen's wealth boosted by tanker holdings

    A Norwegian media has done inventory of John Fredriksen’s empire and estimates his combined assets at close to NOK 200bn. Tanker operators especially pull their weight.
  • Costa Tsoutsoplides becomes new CFO in Eagle Bulk. | Foto: Eagle Bulk

    Eagle Bulk names new CFO

    Dry bulk carrier Eagle Bulk promotes internal candidate to succeed current CFO.

    For subscribers

  • Foto: PR/Oldendorff

    Oldendorff issues crass critique of CII: "Will do more damage than good"

    CII: IMO’s new climate regulation, CII, is liable to undermine its own intentions, German carrier Oldendorff warns. CII fails to view situation in its entirety, which may lead to an increase in emissions.

    For subscribers

  • Foto: PR/Oldendorff

    Oldendorff invests in maritime IT company founded by Synergy top exec

    Oldendorff Carriers has invested in a digital service provider assisting shipping companies with lowering carbon emissions. The company is founded by Synergy Group’s CEO.

    For subscribers

Latest news

  • Blue Water founder promises future "focus on profitable growth" – 27 Jan
  • Borr Drilling raises USD 400m to pay off debt – 27 Jan
  • Income for ice class tankers has surged by 1,644 percent following sanctions – 27 Jan
  • Floating power station to provide energy for one million Ukrainians – 27 Jan
  • Maersk rebrands Hamburg Süd and several other well-known subsidiaries – 27 Jan
  • Car carriers have rarely seen such profits: "We are probably at an all-time high" – 27 Jan
  • Fredriksen now owns nearly as many Euronav shares as the Saverys family – 27 Jan
  • EU considers capping Russian fuel prices at USD 100 a barrel – 27 Jan
  • New partnership to investigate potential human rights abuse at sea – 27 Jan
  • Singaporean competition authorities to probe DSME sale – 27 Jan
See all

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  • Foundation Package Manager - Offshore wind industry

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  • Copenhagen Shipping Company is hiring a skilled cargo broker

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