Nasdaq-listed Greek dry bulk giant Star Bulk Carriers has revealed the sale of its oldest vessel in the fleet. The Petros Pappas-led owner and operator has agreed to offload the 2004-built capsize Star Triumph for $20m. The buyer has not been disclosed. The 176,300 dwt scrubber-fitted ship, the...
Dry Cargo
Fujian Shipping signs for kamsarmax newbuilds
Fujian Shipping Group is renewing its dry bulk fleet with a fresh order for up to four kamsarmaxes at fellow builder Haitong Offshore Engineering. Details surrounding the vessels delivering in October 2026 and March 2027 have not been divulged but a price tag of CNY292.7m ($41.2m), according to...
https://splash247.com/fujian-shipping-signs-for-kamsarmax-newbuilds/
Transmed founder and Cypriot shipping champion Charalambos Mylonas passes away
Charalambos Mylonas, founder of Transmed Shipping, passed away on Saturday. Mylonas was instrumental in the founding of the Cyprus Union of Shipowners in 1981, which he served as chairman for over two decades. Mylonas was described by the shipping deputy ministry as a “pioneer” of Cypriot...
Oldendorff forms sustainability centre with Scottish university
In admitting its frustration with the shipping’s slow green path, Germany’s Oldendorff Carriers has announced it is setting up a research centre for maritime sustainability with the University of Strathclyde (UoS) at the university in the centre of Glasgow. Targeted areas of collaborative research...
https://splash247.com/oldendorff-forms-sustainability-centre-with-scottish-university/
Gerdes Green signs for second Damen newbuild
Germany’s Gerdes Green has signed up for another hybrid combi freighter newbuild at Dutch shipbuilder Damen. The joint venture between shortsea shipping companies Reederei Gerdes and Over-C will be adding a second 3,850 dwt general cargo vessel, jointly developed with the yard and vessel charterer...
https://splash247.com/gerdes-green-signs-for-second-damen-newbuild/
Chinese take on swathe of vintage capes
A string of vintage capes has been reported sold in the last couple of months, primarily by Greek owners cashing in on record high secondhand prices, selling to Chinese owners willing to pay for ships usually headed for the breakers. Two vintage capes have been sold in the last couple of weeks,...
https://splash247.com/chinese-take-on-swathe-of-vintage-capes/
Longship stacks orderbook with up to eight newbuilds
Netherlands-based shortsea operator Longship Group has ordered a series of four 6,000 dwt vessels, with an option for an additional four ships. The newbuilding project for the so-called Pmax Eco Trader vessels will be a collaboration between GS Projects and Ship and Steelbuilding (SaS) at the Dutch...
https://splash247.com/longship-stacks-orderbook-with-up-to-eight-newbuilds/
Russian ships seen obscuring names and IMO numbers while transiting the Bosporus
Russian-linked ships are getting crews to crudely obscure vessel identities, contravening laws established by the International Maritime Organization (IMO). Yörük Işık, who describes himself on social media as an obsessive ship spotter along the Bosporus, has tracked “dozens” of vessels where...
The shipping industry’s long voyage toward supply chain transparency
More companies are recognising the necessity of better reporting and considering how a collaborative approach can help, writes Dr Paul Stanley, the CEO of Achilles. A combination of tightening regulation and the trend towards ESG reporting are creating market pressure for supply chain due diligence...
https://splash247.com/the-shipping-industrys-long-voyage-towards-supply-chain-transparency/
COSCO strikes mammoth order for 42 bulkers
COSCO Shipping’s ordering spree has continued with a massive newbuilding programme in the dry bulk segment. The Chinese state-owned shipping giant has commissioned 42 bulker newbuilds across its affiliated COSCO Shipping Heavy Industry and CSSC Chengxi Shipyard in two separate deals worth more than...
https://splash247.com/cosco-strikes-mammoth-order-for-42-bulkers/