A worse-than-expected start to 2022 for dry cargo is far from enough to change the expectations of Golden Ocean and CEO Ulrik Andersen. The market will still be lucrative and may be so well into 2024, he tells ShippingWatch.
Shipping line Norden wants all ships to be able to sail on green fuels in 2030. Until then, the company is not through with buying fossil-fueled ships, head of climate solutions tells ShippingWatch.
Rates on dry bulk ships in the spot market have dived in recent weeks, with capesize ships now sailing at rates below their break-even point, show numbers from Clarksons. However, the broker does see spot rates climbing in the months to come.
2021 was the most profitable year for the shipping industry since 2008, writes Clarksons. Two segments in particular pull the industry up.
A dry bulk vessel from Oldendorff Carriers has tested a fuel blend with second-generation biofuel on a voyage from Australia to Vietnam. The biofuel reduced CO2 emissions by 15 percent, the carrier says.
Daily rates out of China beyond USD 70,000 terminate a highly extraordinary year for special cargo. AAL Shipping sees the strong and profitable market continue years ahead, Managing Director Kyriacos Panayides tells ShippingWatch.
The shipping index on the Oslo Stock Exchange has increased by nearly 60 percent in 2021, overtaking the main index, reports Norwegian media Finansavisen. Several sectors, including container, are behind this advancement.
Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.
Rain and floods in Brazil have halted mining production, creating disruptions in dry bulk export, writes Arrow Research.
With its first office in Greece, the shipbroker Simpson Spence Young aims to service the local dry bulk market to begin with.
As a direct consequence of the accident on M/V Cheshire, the requirements for transporting fertilizer are now tightened. J. Lauritzen has participated in developing the initiatives, which may be passed by IMO within a few months.
After CEO Robert Bugbee decided to get rid of Scorpio's large dry bulk fleet and invest billions in wind turbine installation vessels, bulk carriers have been swimming in large profits. Still, he maintains in an interview with ShippingWatch that the shift was the only right move.
Eagle Bulk makes a switch in the position of managing director at the bulk carrier's Singapore office, with Mike Anderson out and his successor in place.
The rates almost tripled in 2021, and according to a new Toepfer report, participants on the multipurpose market expect the growth to continue for another three quarters.
Star Bulk manager Herman Billung is appointed as the next top executive at 2020 Bulkers as of February after current CEO Magnus Halvorsen resigned from the position.
A Norwegian court of appeal criticizes J. Lauritzen for, since the incident on M/V Cheshire, not having informed crews on ships the carrier has chartered of the dangers of NPK fertilizer. J. Lauritzen contests that the shipping line has given the information it is obliged to give.
How did dry bulker M/V Cheshire end up in a cloud of toxic gases and explosions that forced its crew to abandon ship? And in a multi-million-dollar bill for J. Lauritzen and Bibby? ShippingWatch recounts the events of the final dramatic days at sea.
Winter has not cooled down the heated dry cargo market on European short sea routes. Freight rates continue to rise, says shipbroker’s Toepfers TSI-data.
Rates on large dry bulk ships are plunging these days due especially to full inventories in China and fewer bottlenecks at the country's ports, says brokerage while predicting a strong market as of the second quarter next year.
Falcon Maritime has appointed its next managing director, set to take over next year from Bo Kristensen, who assumes a new role. The appointment comes as part of a generational handover.
Norwegian dry bulk operator Western Bulk upgrades its guidance for the third time since its listing in September. The volatile market is driving up earnings even further.
Dry bulk operator Baltnav has kept things under the radar, but soon it will be a year since it set up its own bunker company. At the helm of the day-to-day operations are two old colleagues from OW Bunker. 2022 is expected to deliver more growth.
Japanese shipping group Mitsui O.S.K. Lines will, as of the second quarter 2022, gather its entire dry bulk business in a new unit to sharpen the company's competitive edge.
German dry bulk shipping company Oldendorff has struck a deal with ship management company Synergy Group to take on operation of 17 vessels shortly after Synergy set up an office in Hamburg.
Norden establishes a new business structure and a new senior management team. This will entail increased growth in the carrier's tanker pool and investments in port logistics for an annual USD 20-40 million, CEO Jan Rindbo tells ShippingWatch.
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