The end of March has been eventful for Norden as it partnered up with […]
The post Norden teams up with Spar Shipping on biofuel, acquires Capesize vessels appeared first on Offshore Energy.
Capesize vessels
Castor Maritime Inc. Announces $18.0m Debt Financing
Castor Maritime Inc. announces the closing and drawdown, through two of its ship-owning subsidiaries, of a $18.0 million senior term loan facility with a European bank, says a press release published on their website.
Loan facilityCastor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces the closing and drawdown, through two of its ship-owning subsidiaries, of a $18.0 million senior term loan facility with a European bank (the “$18.0...
https://mfame.guru/castor-maritime-inc-announces-18-0m-debt-financing/
Demand for Capesize Vessels, Baltic Index Climbs Up
- The Baltic Exchange’s main sea freight index,rose on Tuesday as stronger demand for capesize vessels offset a dip in panamax and supramax rates.
- The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 20 points, or about 1%, to 2,092.
- The capesize index climbed 134 points, or 5.6%, to 2,528, its highest since Jan. 25.
A recent news published in Yahoo edited by Devika Syamnath says that higher capesize rates buoy Baltic index.
Capesize indexThe capesize index...
https://mfame.guru/demand-for-capesize-vessels-baltic-index-climbs-up/
Seanergy Maritime Announces Capesize Duo Acquisition
Seanergy Maritime Holdings Corp. has entered into agreements with unaffiliated third parties to purchase two Capesize vessels, says a press release published on their website.
The new acquisitionGlyfada, Greece, headquartered Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) reports that it has entered into agreements with unaffiliated third parties that will see it pay a total of about $55 million to purchase two Capesize vessels, one built in 2013, the other in 2010.
The agreementSeanergy...
https://mfame.guru/seanergy-maritime-announces-capesize-duo-acquisition/
BIMCO: 8 out 10 Capesize bulkers head for China when leaving Australia
Peter Sand
BIMCO: 8 out 10 Capesize bulkers head for China when leaving Australia
Shipping number of the week:
8 out 10 Capesize bulkers head for China when leaving Australia
3,016 voyages performed by 940 Capesize ships are the numbers from Australian exports to China during the first eight months of 2020. A total of 899 voyages were destined for other nations, with South Korea and Japan-bound voyages accounting for 636 of them, according to VesselsValue.
Australian dry bulk commodity exports using...
Shipping number of the week: Capesize earnings leap USD 4,250 per day – largest daily jump since 2013
Shipping number of the week
Capesize earnings leap USD 4,250 per day – largest daily jump since 2013
On 17 June 2020, the Capesize average earnings jumped a staggering USD 4,250 per day, the largest daily gain since 2013, settling at USD 19,036 per day. Capesize average earnings have rallied in recent weeks, but Wednesday’s observation marks the first time in 2020 that average earnings have risen above the estimated break-even level.
For now, volatility appears to be back at full scale with...
Rising deliveries of Capesize ships pose a threat to the already fragile market balance
Peter Sand
Rising deliveries of Capesize ships pose a threat to the already fragile market balance
Demolition of dry bulk ships in the first four months of 2019 was 120% higher than in the same period of 2018. Much of this increase comes from demolitions of Capesize ships, up from 1.1m DWT between January and April 2018 to reach 3.4m DWT in the first four months of 2019.
The 24 Capesize ships demolished this year, sailed away from the poor market conditions faced by these larger vessel sizes since...