Having put seven ships in the shop window three months ago, sales contracts are finally being signed for Chinese state-run shipping group Sinotrans, which is in the midst of a fleet rejuvenation programme. Two 52,000 dwt bulkers, Great Praise and Great Legend, both built at Tsuneishi Cebu in 2006...
https://splash247.com/bulker-clearout-at-sinotrans-gets-underway/
Ed Buttery-led Taylor Maritime is being linked to a sizeable swoop in the secondhand dry bulk markets, lining up deals for two supramaxes and four handysizes for just shy of $95m. The ships in question are the Pacific Hero and Indigo Traveller – both supramaxes – and the handies Basic Rainbow,...
https://splash247.com/taylor-maritime-linked-to-six-bulkers-in-run-up-to-london-ipo/
Greek boxship owner Costamare has been named by brokers as the buyer of three kamsarmax bulkers in two separate deal. Advanced Shipping & Trading and Seasure Shipbroking have named Costamare as the buyer of 2012-built pair Pedhoulas Builder and Pedhoulas Farmer for a total of $44m. The two bulkers,...
https://splash247.com/costamare-linked-to-acquisition-of-three-kamsarmax-bulkers/
Taiwan’s U-Ming Marine Transport Corp is close to becoming a pure dry bulk player. The CK Ong-led company received many bids last week for its 2004-built Starlight Venture, eventually settling on a deal to offload the VLCC to undisclosed interests for $30.5m. U-Ming has been operating the Starlight...
https://splash247.com/u-ming-focused-on-dry-bulk-with-sale-of-last-fully-owned-tanker/
The Mississippi River near Memphis, Tennessee, was reopened on Friday after the Coast Guard deemed it safe for maritime traffic. The river had been closed to vessel traffic for several days last week after a significant fracture in a support beam was discovered in a bridge spanning the river. An...
https://splash247.com/mississippi-river-reopens-as-bridge-deemed-safe/
Chinese player Richland laid down the $23.31m winning bid for the 2011-built yesterday at auction marking both a new Chinese entrant into shipowning as well as the exit from the capsize sector for Greathorse International Ship Management, part of Tiger Group Investments. Yesterday was Greathorse’s...
The largest ship to date has had wind propulsion kit fixed to its deck. Pan Ocean’s 325,000 dwt very large ore carrier newbuild, due to go on charter to Brazilian miner Vale, is now sporting five white, 25 m high Norsepower rotor sails across its huge deck. The rotor sails can be tilted by using …
Greece’s Diligent Holdings has sold the first ship it bought in creating its fleet nine years ago. It forms part of a major revamp of the company in anticipation of what senior management anticipates will be an interesting period for dry bulk owners. Splash understands staff behind the little-known...
https://splash247.com/diligent-readies-for-next-chapter-with-recruitment-drive/
A bridge spanning the Mississippi River from Tennessee on one side to Arkansas on the other has been closed after a significant crack was discovered during a routine inspection by the Arkansas Department of Transportation. The fracture is in a steel support beam near the centre span of the...
NYSE-listed owner Safe Bulkers has bought two bulkers in and offloaded two older bulkers as part of its fleet renewal strategy. Safe Bulkers has sealed the acquisition of two newbuild Japanese-built post-panamaxes set for delivery within the first and the second quarter of 2023. At the same time...
https://splash247.com/safe-bulkers-sells-two-bulkers-brings-in-two-newbuilds/