Shanghai-listed shipping conglomerate achieves strong first-quarter results on buoyant tanker earnings
bulkers
Vale’s phase-out of VLOCs to have ‘positive impact’ on bulker rates
Iron-ore giant currently charters-in more than 50 VLOCs, according to VesselsValue
World trade may have bottomed out as port calls pick up
Clarksons Platou says activity has picked up in recent days and rates of decline have slowed
Odyssey ends for stranded Greek members of Probulk Shipping crew
Last three officers abandoned on handymax bulkers off Djibouti return home and are ready to sue shipowner who has ?disappeared?
Nordea takes cover from coronavirus storm as loan applications surge
Corporate customers ask to borrow $14bn in March as shipping lender makes provisions for pandemic-related losses
Vale set to remove 25 converted VLOCs from its fleet
Brazilian miner also cuts 2020 capital expenditure forecast and warns Covid-19 could hinder production
Two bulkers collide on Singapore anchorage
Two bulk carriers, ‘Spring Snow’ and ‘Klima’, collided on 4 July within Singapore port waters. The incident took place while the two vessels were performing bunkering operations. The damages to ‘Spring Snow’ are not known, while ‘Klima’ sustained hull breach in the cargo hold area, as well as water ingress.
As local media report, the two bulkers collided as they were conducting bunkering operations.
More specifically, Singapore-flagged bunker tanker ‘Libra’ was alongside Klima, while ‘Spring’ was...
https://safety4sea.com/two-bulkers-collide-on-singapore-anchorage/
Q2 2019 sees record low for newbuild orders
As VesselsValue’s Head Cargo Analyst, Olivia Watkins, reviews which yards have received orders and and which vessel types have been popular purchases, it is revealed that newbuilding orders fell to record lows during the second quarter of 2019.
Bulkers
The overall number of bulker newbuild orders reduced 73% for the first half of 2019, in comparison to the same period in 2018. Specifically, so far this year, Panamaxes have been the most popular size to order.
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https://safety4sea.com/q2-2019-sees-record-low-for-newbuild-orders/
Bulker refused access to Paris MoU
Paris MoU informed that the M/V ‘Discover’ was detained in the Port of Dordrecht, the Netherlands, on 27 June 2019. This is the third detention in the Paris MoU region within the last 24 months. The ship carries the flag of Moldova, which is black on the current Paris MoU WGB list.
According to the provisions of Section 3.10,5 of the Paris MOU, Article 7b ofEU Council Directive 95/21/IC as amended by EU Council Directive 200 1/106/IC and the provisions of Article 9a of the Netherlands Port State...