Norden to develop biofuel in new collaboration
Shipping line Norden enters collaboration on developing sustainable biofuel for use on existing vessels.
ShippingWatch
A part ofWatch Medier
Shipping line Norden enters collaboration on developing sustainable biofuel for use on existing vessels.
Alexander Saverys, member of the Belgian shipping family Saverys, which controls Euronav and Exmar, says that the climate issues represent an existential threat to the sector. A solution is still far off, he tells ShippingWatch.
J. Lauritzen has now entered about 50 deals in over 20 different ports about new low-sulfur fuels. But some of the new fuels have turned out to have too high sulfur contents, bunker chief says. Supply in Singapore and Panama is also "all wrong" at the moment.
BW Group's bulk venture BW Dry Cargo will have a fleet of 20 ships when the last newbuilds are delivered from an order of nine ships in total. Asset play is the core of the business now and going forward, Managing Director Christian Bonfils tells ShippingWatch.
In four months, J. Lauritzen has sold seven dry bulk vessels, and its owned fleet can now be counted on one hand. The divestments are part of a strategy to focus more on short-term trading, dry bulk CEO Niels Josefsen tells ShippingWatch.
Star Bulk Carriers once again recorded black figures on its bottom line for the third quarter, after the company had to book a fleet impairment earlier this year. The majority of its ships are now equipped with scrubbers.
After heading the company since April 2016, Birgitte Vartdal steps down as chief executive of dry bulk ship operator Golden Ocean. Chairman takes over as interim CEO.
Dry bulk rates have gone down significantly in recent months, but according to a Norwegian analyst firm they could continue to slide until the turn of the year. As such, the firm lowers its share recommendations.
Panamax and the post-panamax segment will serve as Klaveness' profit driver going forward.
Three former profiles from Norvic Shipping have founded a new dry bulk operator based in Copenhagen and with offices in Singapore, Dubai and India. The company is named Delta Corp and has raised more than USD 20 million in funding.
Dry bulk company Genco Shipping & Trading books a deficit for the third quarter, which was its busiest dry-docking period ever, says CEO.
Dry bulk operator Eagle Bulk did not manage to capitalize on a strong bulk market in the early third quarter, ending up in the red. But the fourth quarter is off to a strong start, says CEO.
It began with a collapse, turned around over the summer, before diving again toward the end of the year. 2019 will not mark a positive turning point for the dry bulk market, says Norden CEO Jan Rindbo, though he is not worried for Norden.
Accountant to Creditor & Payments department – Clipper Bulk 
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