Greek carrier slapped with major fine for willful pollution tampering
Greek carrier Empire Bulkers and a related company are ordered to pay a USD 2m fine for knowingly discharging polluted water into the Mississippi River.
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Dry bulk rates halved in 2022
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Pacific Basin CFO steps down for personal reasons
The dry cargo operator’s chief financial officer will leave the company at the end of March.For subscribers
Dry bulk operators earned millions of dollars during the pandemic
Huge profits have suddenly turned things around for a number of dry cargo operators which hadn’t seen good results in years. The future looks more uncertain, but not necessarily bad.For subscribers
China pivotal if dry bulk is to recover from tough start to the year
Cleaves Securities lowers expectations for dry bulk freight rates after benchmark index falls below 1,000 points. China holds pivotal position, according to investment bank.For subscribers
Pacific Basin increases fleet with six second-hand vessels
The dry bulk carrier has acquired six second-hand ships as part of an ongoing renewal and expansion of the fleet.For subscribers
Eagle Bulk completes sustainable biofuel voyage
A dry cargo vessel from US Eagle Bulk has completed a 100-percent biofuel voyage with mining company Eramet.For subscribers
Cargill orders two methanol vessels in Japan
The major trading house has commissioned two methanol-fueled bulk vessels at a Japanese shipyard.Three Chinese factors to determine coal shipments in 2023
Having declined by more than 12 percent in 2022, China’s coal imports look set to resurge in 2023 where three factors will determine developments, writes Bimco.For subscribers
Bulk vessel ran aground in Suez Canal
On Monday, bulk carrier MV Glory ran aground in Egypt’s Suez Canal delaying 19 other ships. The ship has been refloated.Eagle Bulk begins 2023 with acquiring new bulk vessel
The dry cargo operator will soon add an ultramax ship to its fleet for a price of USD 24.3m.For subscribers
Costamare Bulkers appoints new head of bunkers
Recently launched dry cargo operator Costamare Bulkers has appointed a new head of bunkers, joining from a major industry player.For subscribers
Norvic Shipping to expand business with new credit facility
The dry cargo operator has secured a new large credit facility that will be used to expand the company’s core business activities.For subscribers
Union Bulk reaches milestone: "Not in our wildest imagination had we though it would go so fast"
In its third year of existence, Union Bulk has already managed to exceed revenue of DKK 1bn (USD 142m). The dry cargo operator now considers opening a new office abroad, tells partner.For subscribers
More than 16 million tonnes of grain shipped from Ukraine through Black Sea corridor
Close to 700 ships have moved more than 16 million tonnes of grain and other foodstuffs out of Ukraine through Black Sea Grain Initiative since its establishment on Aug. 1 last year.For subscribers
Eagle Bulk is optimistic for 2023
Two factors are to fall into place if dry bulk carriers are to thrive in 2023. Eagle Bulk chief exec Gary Vogel is optimistic. Edited.Tanker operators more profitable this year than container and dry bulk colleagues
Increasing oil production and Russia’s invasion of Ukraine have led to big market changes this year, pushing up earnings in the tanker market, writes Bimco.For subscribers
Eagle Bulk goes public in New York
As of Jan. 4, 2023, the dry cargo operator’s shares will be traded at the New York Stock Exchange.For subscribers
John Fredriksen's wealth boosted by tanker holdings
A Norwegian media has done inventory of John Fredriksen’s empire and estimates his combined assets at close to NOK 200bn. Tanker operators especially pull their weight.Eagle Bulk names new CFO
Dry bulk carrier Eagle Bulk promotes internal candidate to succeed current CFO.For subscribers
Oldendorff issues crass critique of CII: "Will do more damage than good"
CII: IMO’s new climate regulation, CII, is liable to undermine its own intentions, German carrier Oldendorff warns. CII fails to view situation in its entirety, which may lead to an increase in emissions.For subscribers
Oldendorff invests in maritime IT company founded by Synergy top exec
Oldendorff Carriers has invested in a digital service provider assisting shipping companies with lowering carbon emissions. The company is founded by Synergy Group’s CEO.For subscribers
Latest news
- Blue Water founder promises future "focus on profitable growth" –
- Borr Drilling raises USD 400m to pay off debt –
- Income for ice class tankers has surged by 1,644 percent following sanctions –
- Floating power station to provide energy for one million Ukrainians –
- Maersk rebrands Hamburg Süd and several other well-known subsidiaries –
- Car carriers have rarely seen such profits: "We are probably at an all-time high" –
- Fredriksen now owns nearly as many Euronav shares as the Saverys family –
- EU considers capping Russian fuel prices at USD 100 a barrel –
- New partnership to investigate potential human rights abuse at sea –
- Singaporean competition authorities to probe DSME sale –
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