China's refusal to accept Australian coal means that other countries are now exporting coal to the major dry bulk nation. One such country is South Africa, which now ships coal to China for the first time in years. But the situation does not significantly change carriers' demand, notes Bimco.
The quick yet uneven recovery from the coronavirus pandemic continues to cause rising demand and soaring rates in bulk freight.
Lightship Chartering steps into a brand new segment from its office in Dubai, the shipbroker's CEO Sune Fladberg tells ShippingWatch. And the company is also looking to return to tanker after several of the company's tanker brokers departed last year.
With the backing of two new investors, BW Dry Cargo ceases to exist as a dry bulk operator and re-emerges as a platform that aims to connect customers and shipowners. Each ship must pass a "green test".
Ship operator Eagle Bulk plans to continue expanding and renewing its fleet, CEO Gary Vogel tells ShippingWatch following the acquisition of a number of ships. A record-low order book, caused by environmental regulations and the prospects of a prolonged upward cycle, makes the CEO optimistic.
According to Lauritzen Bulkers, the dry bulk market is in great shape with high demand and high rates. Everyone is making money in this market, says CEO of Lauritzen Bulkers to ShippingWatch. The Danish shipping company has gained customers from the pressured container market.
The market for buying and selling secondhand dry bulk vessels may break a record in 2021. In total, close to 300 dry bulk vessels have changed hands so far this year, writes Bimco in an update.
Klaus Nyborg, chair of Norden, acknowledges that the company's instructions to keep fake logbooks for trips to Israel were inappropriate. Dominant shareholder Motortramp will not comment on the matter to ShippingWatch.
In the wake of ShippingWatch's exposure of Norden's fake logbooks, the Danish Maritime Authority now investigates the matter. Violations of the Maritime Act may result in fines.
Shipping company Norden now expects a significantly better result for 2021 than previously announced. In particular, business unit Dry Operator is expected to benefit from a stronger dry bulk market, writes the company Tuesday.
Instructions to Norden's captains to veil trips to Israel were described in minute detail in a manual sent by the tanker company in Denmark upon entering the Mediterranean. Even waste bags were not allowed to reveal the destination. Read the entire manual here.
Shipments of timber and grain are being loaded onto a class of ship usually reserved for other cargo due to strong demand to move commodities.
Sea Cargo Charter has appointed 13 new members of its steering committee. Jan Dieleman from Cargill Ocean Transportation takes the chair.
Export of iron ore from Brazil saw a good start to 2021. But China alone is responsible for accelerating that development, shows an analysis from Bimco.
Twice in 2020, Lauritzen Foundation had to inject fresh capital into its shipping business. First to J. Lauritzen, and later just to support the dry bulk business, confirms the foundation's CEO Tommy Thomsen. In total, the owner has injected more than a quarter billion dollars in the past five years.
Panama is now asking the Secretary General of the IMO to step in and help the many seafarers stranded on up to 74 ships in Chinese waters. The ships have been at anchor for months outside the country's ports loaded with Australian coal, which China has blocked.
Sales Lead with Operator / Bunker experience - Bunker Metric