New York-listed Greek owner Costamare has reaffirmed its dry bulk fleet plans, emerging as the highest bidder of one of the few reported cape sales this month. The Konstantinos Konstantakopoulos-led company tabled some $35m for the 12-year-old, Koyo Dock-built Frontier Unity, in a deal with its...
Dry Cargo
Trapped ships finally able to leave Baltimore
Four ships trapped in Baltimore Harbour since the Francis Scott Key Bridge collapsed last month have cleared the wreckage and are out in the Atlantic, following the opening of a deeper channel. A fifth vessel is expected to depart later today. The Balsa 94, a general cargo ship, was first to leave...
https://splash247.com/trapped-ships-finally-able-to-leave-baltimore/
Geneva Dry Dialogues: Burmester & Vogel
The history of Burmester & Vogel (B&V) began in Hamburg in 1983 when Wieland Burmester and Andreas Vogel were introduced by a shipbroker to Alfred C. Toepfer International – now part of ADM, one of the world’s largest grain traders – and tasked with the challenge of building a fast, flexible, and...
Houthis resume attacks on shipping
After a break of more than two weeks, the Houthis from Yemen struck back at ships yesterday. The militants took aim at the Maersk Yorktown and an American destroyer in the Gulf of Aden, as well as firing at the MSC Veracruz in the Indian Ocean. There were no reports of any of attacks actually …
Bulk carrier grounds in Argentina
A Liberian-flagged kamsarmax bulk carrier, YM Pioneer, ran aground last night in the area of Bahia Blanca port, Argentina. According to Independent Ship Agents of Buenos Aires, the 81,900 dwt is currently blocking the navigation channel, causing the Coast Guard to restrict traffic between buoy 11...
Laskaridis Maritime boosts kamsarmax orders
Greece’s Laskaridis Maritime has stepped up its kamsarmax newbuild series in China with six ships spread across two shipyards. The Athens-based dry bulk shipping arm of the Alimia Group has returned to Hengli Shipbuilding for four more 82,000 dwt vessels and signed up for two additional units at...
https://splash247.com/laskaridis-maritime-boosts-kamsarmax-orders/
Franbo Lines signs for ultramax newbuilds in China
Taiwanese bulker owner Franbo Lines has ordered its first ships in China in a deal with Jiangsu Haitong Offshore Engineering Equipment. The publicly-listed company has booked four ultramaxes for an undisclosed sum and early delivery next year. Franbo Lines said it expects the first 63,500 dwt ship...
https://splash247.com/franbo-lines-signs-for-ultramax-newbuilds-in-china/
Why owners should look to sell ships now
The case to cash in and sell secondhand tonnage leads the April issue of Splash Extra, published today. Both newbuild and secondhand vessel prices are exceptionally high (see chart below) at present leading many of the world’s top shipping analysts to advise that owners ought to start looking at...
https://splash247.com/why-owners-should-look-to-sell-ships-now/
Geneva Dry Dialogues: Admaren
With Geneva Dry fast approaching, Admaren is looking to use the platform provided by the annual global dry bulk shipping summit to present its loading computer and stowage planner to potential partners. Traditionally, when a charterer needs to book cargo onboard a bulker, they rely on rough...
IMO discusses how to stem record cases of crew abandonment
The International Maritime Organization’s (IMO) legal committee is meeting this week in London and is discussing one of shipping’s darkest, most intractable problems, crew abandonment, with record numbers of seafarers being left to fend for themselves by owners across the world. Latest statistics...
https://splash247.com/imo-discusses-how-to-stem-record-cases-of-crew-abandonment/