Denmark-based dry bulk operator Ultrabulk, a subsidiary of Chilean Ultranav, announced that its chief executive officer, Per Lange, has decided to resign from his position on January 1, 2022. According to Ultrabulk, Lange has expressed his wish to step back from the executive role after 11 years...
The bow of the NYK-operated wood chip carrier has been towed into Hachinohe Port as the work to remove the oil from the vessel that broke in two off Japan was expected to take longer offshore due to weather and sea conditions. The salvage company will remove the remaining oil from the bow of the …
https://splash247.com/crimson-polaris-bow-towed-to-hachinohe-port/
Navios Maritime Partners bulk carrier , which ran aground on a reef in the Maldives on August 19, was refloated yesterday afternoon. There are no reports of an oil spill, but the island country is demanding compensation for the damaged reef. The Panama-flagged bulker is anchored at the Ports...
https://splash247.com/navios-bulker-refloated-maldives-demands-compensation-for-damaged-reef/
Croatian bulker operator Jadroplov has entered into an agreement with an unnamed Chinese shipbuilder for the construction of two 63,000 dwt bulk carriers. The deal, which should become effective next month, also includes an option for one more ship, the company said in a Zagreb Stock Exchange...
https://splash247.com/jadroplov-orders-up-to-three-bulkers-in-china/
The captain of the Navios Maritime Partners supramax bulker that ran aground on the reef in the Maldives last Thursday is being held responsible for the incident by the country’s Ministry of Transport and Civil Aviation. Deputy minister Hamad Abdul Ghanee told local media at a press conference...
Angeliki Frangou is merging her New York-listed dry bulk and tanker companies, Navios Maritime Partners and Navios Maritime Acquisition Corp. Describing the move as a “transformative transaction”, Frangou, Navios’s CEO, said: “The combined entity will be the largest US publicly-listed shipping...
https://splash247.com/frangou-initiates-merger-of-navios-divisions-creating-15m-dwt-giant/
Greek dry bulk owner Diana Shipping has secured a time charter deal with Singapore’s ASL Bulk Shipping for the 2010-built panamax bulk carrier commencing September 1, 2021. The charter is through between June 15 and September 15, 2022 at a rate of $26,500 per day. The 75,700 dwt vessel is coming...
Nasdaq-listed Greek owner Castor Maritime has continued its secondhand spending spree with the acquisition of an eleventh panamax bulker to take its fleet to 27 ships. The Cyprus-based firm is adding a 2008 Japanese-built bulker for $18.75m. The vessel acquisition is expected to be financed with...
https://splash247.com/castor-maritime-buys-one-and-charters-two-bulkers/
Russia’s shipping major Sovcomflot has completed its exit from the dry bulk segment with the sale of its last two panamax bulkers. The move is part of Sovcomflot’s ongoing fleet modernisation and optimisation programme, which has seen the company dispose of 10 aging vessels in the first half of...
Should shipping be worried by the direction of many central banks? Splash Extra interviewed economists, brokers, financiers and owners on the risks of rising interest rates for August’s in-depth feature. Rising inflation has been the focus of global policymakers in recent weeks as the rapid...
https://splash247.com/how-shipowners-can-navigate-rising-inflation/