Dry Bulk Carrier

Dry Bulk Sector Hit By “Vaccination Lottery”

According to a media release published by INTERCARGO, INTERCARGO, the organisation representing the world’s quality dry bulk shipowners has lashed out at the “vaccination lottery” facing seafarers, something that could hit the sector hard.

Vaccination Lottery

Once again seafarers are falling victim to the lack of focus and joined up thinking from leaders of governments and the maritime industry, which has become apparent during the current on-going crew change crisis. The vaccination lottery...

https://mfame.guru/dry-bulk-sector-hit-by-vaccination-lottery/

Diana Shipping Hints On Expansion with 38 Dry Bulk Vessels

  • Diana Shipping Inc. (NYSE: DSX) is a global provider of shipping transportation services.
  • It specializes in the ownership of dry bulk vessels.  
  • As of December 7, 2020 its fleet consists of 38 dry bulk vessels (4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 5 Kamsarmax and 12 Panamax).
  • Besides,  one Panamax dry bulk vessel, the “Coronis” and one Capesize dry bulk vessel.
  • The “Sideris GS”, that have been sold and expected to be delivered to their new owners at the latest by January 20, 2021.

Acco...

https://mfame.guru/diana-shipping-hints-on-expansion-with-38-dry-bulk-vessels/

IMO’s MEPC 75 Shipping implications Will Not Cut Carbon Emission

Newbuilding orderbooks have dipped to historically low levels relative to existing fleets, with the dry bulk carrier sector one of the most extreme examples published in an article of  Xinde Marinenews.

While these trends are partly due to uncertainties over the direction of the market, they also reflect doubts over the speed at which financially viable designs for new low carbon ships can be developed.

Last week’s draft approvals at the IMO’s Marine Environment Committee (MEPC) could compound,...

https://mfame.guru/imos-mepc-75-shipping-implications-will-not-cut-carbon-emission/

Charters Prevent Crew Change, Condemns INTERCARGO

INTERCARGO says charterers in the dry bulk sector prevent much needed crew changes from taking place during the period of the charter, says a press release published on their website.

Owners accept to bear associated costs

INTERCARGO has learned that in a number of instances, charterers in the dry bulk sector have been preventing crew changes from taking place during the period of the charter, despite the ship owner agreeing to accept the associated costs.

Provisions and clauses ignored

Charterers...

https://mfame.guru/charters-prevent-crew-change-condemns-intercargo/

TFI expands portfolio in Grammer Dry Bulk deal

Grammer Industries bulk rig on highway

Canadian transportation and logistics company TFI International (NYSE: TFII) continues to build out its portfolio, this time adding another bulk carrier to the mix. In a Monday press release, the Montreal-based company announced the acquisition of Grammer Logistics’ dry bulk business. 

A nearly 30-year-old entity, Grammer Dry Bulk was part of Sterling Transport, which was acquired by Grammer in 2019. The dry bulk unit hauls commodities like cement, sand, fly ash, salt and lime, generating...

https://www.freightwaves.com/news/tfi-expands-portfolio-in-grammer-dry-bulk-deal

Bahri Adds New Dry-Bulk Carrier To Its Industry-Leading Fleet

  • Bahri has announced the delivery of the new dry-bulk carrier – Sara.
  • The vessel increases the company’s fleet of dry-bulk carriers to six ships in line with its efforts to expand its marine capabilities.
  • The new Kamsarmax-class vessel is the first ship received as part of the agreement signed between Bahri Dry Bulk and South Korea’s HMD.
  • The environmentally friendly ship has been developed to offer the highest standards of comfort, safety, and fuel efficiency.

Bahri, a global leader in...

https://mfame.guru/bahri-adds-new-dry-bulk-carrier-to-its-industry-leading-fleet/

Star Bulk Carriers Corp. Tackles IMO 2020

  • IMO 2020 disruptions, delays in shipyards and restocking Chinese iron ore port inventories to create opportunities in late 2019 and early 2020.
  • Star Bulk plans to secure scrubber installations for 93% of the fleet by the end of June 2019 and to bring forward all the 2020 drydocks to 2019.
  • Major bunker beds are well prepared to accommodate the anticipated demand for HSFO, LSFO and blended fuels but not the same with smaller ports.
  • Star Bulk is ready to take on the IMO 2020 challenges with...

http://mfame.guru/star-bulk-carriers-corp-tackles-imo-2020/

Scrubber Installations Focus On Large Vessels


  • Just 10pc of the global shipping fleet have scrubbers to reduce air pollution.
  • Of the existing fleet, 509 vessels have been fitted with scrubbers and 1,189 vessels are pending retrofit.
  • Estimate is that dry bulk carriers without scrubbers will be paying 56-68pc more for MGO.
  • Depending on deadweight tonne, dry bulk carrier without a scrubber would pay extra for MGO each day.
  • Scrubbers can be afforded by financing it as a long term charter agreement, as most banks do not finance a scrubber...

http://mfame.guru/scrubber-installations-focus-on-large-vessels/