Norway's G2 Ocean is now betting heavily on the project cargo segment, in which the merged shipping company has just opened two new offices. According to its CEO, project cargo attracts the main part of new customers.
Japan's MOL will begin a new study that will explore how a so-called rotor sail impacts, among other elements, greenhouse gases. The study will pave the way for MOL to launch a dry bulk ship powered by rotor sails.
The US on Monday imposed new sanctions against Turkey. According to President Donald Trump, tariffs on Turkish steel will be raised to 50 percent, a move that comes in response to Turkey's offensive in northern Syria.
Soybean exports out of Brazil and the US went down 7.8 percent in the first eight months of the year, compared to the year before, writes Bimco in a new analysis.
Noble Chartering has divested large parts of its fleet, and right now the company is negotiating the sale of its last vessels, CEO Michael Nagler tells ShippingWatch. Meanwhile, Noble Chartering has ended its collaboration with Danish dry bulk carrier Atlantic Chartering.
Multipurpose ship operator Zeamarine gets a new CFO. The new man was found within the company's own ranks and replaces current chief financial officer Michael Dumas.
According to Foreign Minister Wang Yi, China is willing to purchase more goods from the US.
A dispute concerning a misdescribed cargo meant that Integrity Bulk had to pay for a ship that was idle in the Philippines for some time. The dry bulk operator now expects to reclaim money from the shipper. The case resulted in a deficit in an otherwise solid 2018/19, says CEO. Corrected.
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John Fredriksen is still Norway's richest person by far, and according to a Norwegian business magazine, he is now the richest Norwegian ever. Though he still holds a Cypriot passport.
Eagle Bulk's CEO is optimistic about the prospects for dry bulk rates in the rest of the year. But there are many unknown factors which can trigger fluctuations, he tells ShippingWatch.
China has just purchased its second large quantity of soybeans from the US, the largest volume since June.
Dry bulk shipping company Scorpio Bulkers sells two ultramax bulk vessels for nearly USD 40 million. The money will be spent on, among other things, paying off debts.
When an external consultant mistakenly clicked on a link in a phishing mail in July, he opened up for access to "compromising material" about Norden. The company informs that the access was limited and that procedures have been tightened. A month something similar happened again.
Singapore-based Synergy Group opens an office in Copenhagen. The announcement comes a few days after Norden said the company will outsource technical management of its dry bulk ships to Synergy.
ShippingWatch has been granted exclusive access to the internal considerations being made by pace-setting shipping companies Hapag-Lloyd and J. Lauritzen ahead of Jan. 1, 2020, and the decisions that need to be made in order to ensure that everything is ready for the new sulfur regulations. Follow the series in the months to come.
Bulk carrier Pacific Basin is buying four dry bulk vessels for around USD 74 million. Part of the payment is being made via new equity emissions transferred to the ships' sellers.
A new joint venture between MPC Capital and Zeaborn is underway, says MPC. The companies will merge two units of shipbrokering activities, and the new venture is expected to launch operations on Nov. 1. Corrected
Shipping company Norden dismisses 11 employees, who are losing their jobs because technical operation of the company's dry bulk ships is being outsourced to a Singapore-based operation. This happens as a part of Norden's strategy to shift its business toward buying and selling dry bulk vessels.
Dry bulk shipping company Golden Ocean increases its investment in Singapore Marine, which the former acquired a stake in during spring.
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