The initial sales reported in the dry bulk sector in 2025 show some price resiliency against what remains a depressed rates environment. Nicholas Inglessis-led Alberta Shipmanagement has conjured up a significant profit with the sale of the 300 m long Panoramix newcastlemax. Alberta Shipmanagement...
Dry Cargo
Seacon agrees sale and leaseback for bulker newbuild
China’s Seacon Shipping has secured financing for one of its handysize bulk carriers under construction in Japan. The Hong Kong-listed company said in a filing it had agreed to a $31.38m sale and leaseback deal for a 40,000 dwt bulker with Panama-incorporated Dawn Shipping and its Japan-based...
https://splash247.com/seacon-agrees-sale-and-leaseback-for-bulker-newbuild/
The stories that made a splash over Christmas
Cable layers are a niche segment of the global merchant fleet with just 75 or so in operation today. They are set for plenty of action in the opening weeks of 2025 as another new segment, cable cutters, have dominated shipping headlines in the 19 days since the last issue of Daily Splash, our free …
https://splash247.com/the-stories-that-made-a-splash-over-christmas/
Value of global merchant fleet leaps by two-thirds in the 2020s to cross $2trn mark for first time
The remarkable appreciation in ship assets in the 2020s has seen the value of the world fleet, including vessels on order, jump above $2trn for the first time, according to data from Clarksons Research. The global merchant fleet, including the orderbook, was worth $1.2trn in 2020 by comparison. ...
Globus Maritime bags sale and leaseback for ultramax newbuid
Greek dry bulk owner Globus Maritime has struck a sale and leaseback deal for one of its recently delivered vessels. The Nasdaq-listed company said it had sold its ultramax Glbs Magic to a Japanese buyer for $25m in December and chartered the 2024-built bulker back for 10 years. Globus has options...
https://splash247.com/globus-maritime-bags-sale-and-leaseback-for-ultramax-newbuid/
Diana Shipping extends post-panamax charter at reduced rate
New York-listed Greek bulker owner Diana Shipping has won an extension of a time charter contract for one of its post-panamax vessels with Belgium’s Cobelfret. Diana Shipping agreed on an extension for its 2012-built, 98,697 dwt bulker Amphitrite. The original deal for the vessel started on...
https://splash247.com/diana-shipping-extends-post-panamax-charter-at-reduced-rate/
COSCO continues bulker fleet expansion with newcastlemax series
Chinese state-owned shipping giant COSCO has further expanded its dry bulk newbuilding initiative with up to eight newcastlemax vessels at its group yard, COSCO Shipping Heavy Industry Yangzhou. The deal with an undisclosed value covers three firm and five optional 210,000 newbuilds, which will be...
https://splash247.com/cosco-continues-bulker-fleet-expansion-with-newcastlemax-series/
Longship boosts orderbook with newbuild brace
Netherlands-based shortsea operator Longship Group has bolstered its orderbook of eco-friendly general cargo vessels. The company has signed up for a pair of 3,700 dwt GS Eco-Freighters at compatriot GS Projects and Ship and Steelbuilding (SaS) in Waterhuizen following an order for two similar...
https://splash247.com/longship-boosts-orderbook-with-newbuild-brace/
Chinese bulker suspected of Baltic Sea cable sabotage sets sail for Egypt
Yi Peng 3, a 23-year-old panamax bulker owned by Ningbo Yipeng Shipping, is finally on the move after representatives from several European countries observed China’s investigation of the vessel. The Yi Peng 3 is linked to the severing of two data cables in the Baltic Sea and was moored in the...
https://splash247.com/chinese-bulker-suspected-of-baltic-sea-cable-sabotage-sets-sail-for-egypt/
Diana Shipping kamsarmax going on hire with NYK Line
New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Japan’s Nippon Yusen Kabushiki Kaisha (NYK Line) for one of its kamsarmax vessels. The company hired the 2013-built, 82,131 dwt bulker Myrto. The gross charter rate is $12,000 per day, minus a 5%...
https://splash247.com/diana-shipping-kamsarmax-going-on-hire-with-nyk-line/