Japan’s Mitsui O.S.K. Lines, Ltd. (MOL) and Vale International SA (VALE), based in Rio de Janeiro, Brazil, announced that a 200,000-ton class bulk carrier, currently employed under a mid–term contract for transportation of iron ore for Vale, has been successfully retrofitted with two 35- by 5-meter Norsepower Rotor Sails and marked its first call at Ponta da Madeira, Brazil. MOL and Vale first announced this project over a year ago.
This is the world’s first case of rotor sails on a capesize...
After a slow beginning to the week, the Capesize market experienced a surge on Wednesday with a rise of over $2,500 in a day on its five timecharter routes average. The week closed at $15,180 with +$3,222 week-on-week. Both fronthaul and trans-Atlantic business were particularly active whilst tonnage in the Atlantic tightened. Solid volume lent support and made the North Atlantic the strongest sector of the week. By Friday, vessels delivered in the...
After hearing my seafarer friend talk about his interview on the different types of bulk carriers, I became confused and even questioned my understanding of those ships. It’s not because I’m a tanker guy that I failed to comprehend what they meant. It’s just that the classes of bulkers have become...
https://www.seamanmemories.com/types-of-bulk-carriers-by-design-sizes-and-regional-trades/
Gibraltar Chronicle reports of an explosion of a Chinese capesize bulk carrier explosion injuring several crew members.
Bulk carrier explosionCapesize bulk carrier CSSC CAPE TOWN suffered an explosion in fore part at night February 19 in British Gibraltar waters,...
https://mfame.guru/bulk-carrier-explodes-injuring-4-crew-members/
The Great Eastern Shipping Company Limited (G E Shipping) has announced the contract to buy a secondhand Capesize Bulk Carrier, says an article published in IIFL Securities.
GE’s fleetGE Shipping said the 2014 Philippines built vessel is expected to join the Company’s fleet in H2 FY21.
Currently, the company’s fleet stands at 46 vessels, comprising 33 tankers (11 crude carriers, 17 product tankers, 5 LPG carriers) and 13 dry bulk carriers with an average age of 12.39 years aggregating 3.70 mn...
https://mfame.guru/great-eastern-signs-vessel-acquisition-contract/