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BBC Chartering again the largest player in project cargo

BBC Chartering has once again overtaken Cosco's specialized ship operator to become the largest company in project cargo. Thorco goes down on the list, though its CEO tells ShippingWatch that he does not recognize the numbers.

Scorpio Bulkers sells six vessels

Dry bulk operator Scorpio Bulkers has made a new sale and lease back agreement. This time, six vessels are sold off to be chartered back again.

United Heavy Lift leaves its competitors to flex their muscles

United Heavy Lift sees positive signs in a strained market for project cargo, which is characterized by mergers and acquisitions. But the shipping company, which recently welcomed two new co-owners into the fold, is pursuing a different strategy, the company says in an interview with ShippingWatch.

No capesize vessel transactions so far in 2019

According to figures from database Vessels Value, not a single transaction involving capesize vessels has been closed since December 2018. This is the longest market standstill to date, states an analysis.

Scorpio Bulkers sells vessels again

Scorpio Bulkers has once again sold vessels with two new sale and lease back agreements. This time the sale concerns two Ultramax vessels. The company sold nine vessels less than a month ago.

Spliethoff in talks to buy remaining Hansa Heavy ships

Spliethoff Group is mere details away from acquiring the last six ships from insolvent Hansa Heavy Lift's fleet, ShippingWatch has learned. Once the transactions are finalized, the Dutch shipping group will have bought 11 ships.

Hamburg Süd closes sale of its dry bulk business

German carrier Hamburg Süd, owned by Maersk, receives approval for the sale of its dry bulk business. The deal involves roughly 45 ships and makes it possible for the carrier to focus on container business.

Dry bulk carriers still believe in 2019 upturn

Although 2019 got off to a rocky start, in part due to January's dam catastrophe in Brazil, several prominent dry bulk shipping companies maintain their belief that the market will improve in the second half of 2019 and in 2020.

"Sulfur regulations seem like a fine business for cheaters"

If fines for violating sulfur regulations are not raised, and control on the docks and at sea is not strengthened, then "it looks like it could be good business to cheat," says Ultrabulk CEO Per Lange nine months before the new environmental policies take effect.

Capesize index approaches lowest level ever

The Baltic Capesize Index is still under pressure, and last week it approached a historic low point. Some shipowners are well-bolstered against this adversity, while others are severely affected, believes investment bank.

Pacific Basin: Sulfur and CO2 hold companies back from newbuild orders

Who wants to order a new ship that sails 14 knots, burns heavy fuel that will be illegal to carry as of January 2020, and is required to reduce CO2 emissions by 40 percent by 2030? Pacific Basin CEO Mats Berglund argues that environmental regulation will impact the global order book.

Ultrabulk lands best result since 2010

In 2018, Ultrabulk booked the best result in many years, and the carrier's CEO is also looking positively at 2019. Revenue rounded USD one billion last year.

Norden sells more dry bulk vessels

Danish shipping liner Norden has sold four dry bulk vessels. The sales are part of a strategy to own fewer vessels and instead charter them in, allowing the company to easily respond to market conditions.

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