Oldendorff sells 13 ships and charters them back
Over the summer, German dry bulk operator Oldendorff has sold 13 ships to an Asian buyer that will lease them back to Oldendorff immediately.
ShippingWatch
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Over the summer, German dry bulk operator Oldendorff has sold 13 ships to an Asian buyer that will lease them back to Oldendorff immediately.
Norvic Shipping has also been faced with a claim after buying dirty bunker oil in Panama. The course of events is almost identical to that which recently hit carrier Integrity Bulk.
Progress in the dry bulk market almost put black numbers on the bottom line at Genco Shipping. The carrier's six new vessels are entering the market at the right time, believes CEO John C. Wobensmith.
Greek Star Bulk Carriers reports its third profitable quarter in a row. "We are optimistic about market fundamentals of the industry," says the expanding dry bulk carrier's CEO.
Eagle Bulk turned a deficit into a profit in the second quarter due to higher rates in a stronger bulk market. A satisfied CEO points to an improving market.
Two major Nordic banks issue a triple-digit million dollar credit line to Scorpio Bulkers, which the carrier will use to finance a total of 12 ships.
The dry bulk shipping companies can look forward to stronger half-year results if the profit from Pacific Basin is a marker for the industry overall. Even a lower GNP growth does not faze the Hong Kong-based shipping company's CEO Mats Berglund. ShippingWatch has interviewed the CEO.
Brazilian mining giant Vale has chosen scrubbers for its newest generation of bulker behemoths, even though the company is also prepared to sail on LNG. It is possible retrofitting will take place with other sections of Vale's existing fleet, reports TradeWinds.
German investment company Dr. Peters Group aims to close the gaps left by banks in the hard-pressed multipurpose sector and is preparing itself for large acquisitions in MPP and two other segments. Especially larger fleets with a particular type of ownership are interesting to the firm.
DFDS is bracing itself for long lorry queues in Dover after Brexit, bad bunker reached the world's largest bunker port and DSV's guidance upgrade were among this week's top stories on ShippingWatch. Also read about Kontainers, which will challenge startups such as US firm Flexport.
J. Lauritzen's former head of dry cargo Peter Borup will lead Norvic Shipping International's bulk department, starting today. The Canadian bulk operator, which has its European headquarters located in Copenhagen, has major growth ambitions.
MOL, NYK and K Line all finished their latest reporting period with bottom line deficits. The new container collaboration ONE performed weaker than expected in the period. But one of the shipping companies expects improvements soon.
Bulk carrier Pacific Basin has emerged from the first half strengthened as the bottom line has improved by just USD 35 million relative to last year. An escalation of the trade war will not disrupt the market, says the CEO.
With a net profit of USD 800,000, Scorpio Bulkers shows positive results in the second quarter of 2018, reveals the carrier's interim report.
2020 Bulkers will likely be listed on the US stock exchange next year, says the company. The US stock exchange will give the best price for the share, says chairman Magnus Halvorsen to Norwegian media.
Experienced Chartering profile - Norient Product Pool ApS
Legal Counsel - Swire Blue Ocean A/S
IT Operations Manager for International Shipping Company - J. Lauritzen
Operations Specialist - Laytime - NORDEN
