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Norden orders four dry bulk newbuilds

Tanker and dry bulk shipping company Norden orders four dry bulk newbuilds from a Chinese yard to be delivered in 2022. The purchase follows a period in which Norden has divested its owned fleet, but according to the CEO, prices are now so low that it is the right time to buy.

Dry bulk market expected to drop 2.4 percent this year

For the first time since 2009, the global dry bulk market is on track for a drop in 2020 due to the downturn created by the coronavirus pandemic, projects analysts at Arrow Shipbroking. But 2021 could develop in a completely different direction.

New technology in shipping is often used incorrectly

New technology and digitalization in shipping are often used incorrectly or end up being a stress factor for officers, a new report from Danish university Aarhus University concludes based on data from eight vessels. At worst, it may lead to accidents.

Eagle Bulk secures new bank agreement

Operator Eagle Bulk has secured a new bank deal increasing an existing credit facility by a double-digit million-dollar amount. The agreement was signed with five lenders, and the loan expires in 2024.

70 bulkers are waiting for sugar off the coast of Santos

Fears that the coronavirus outbreak in Brazil will paralyze the export of sugar have made dry bulk ship operators rush to send ships to major port Santos. Upwards of 70 ships are currently waiting by the port, according to data.

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