China’s Seacon Shipping has secured financing for seven modern mini bulkers it snapped up from Baltic Shipping earlier this year. The Hong Kong-listed company said in a filing it had agreed to sell the vessels to a subsidiary of Shenzhen Financial Leasing for €57.33m ($64.9m) and bareboat charter...
https://splash247.com/seacon-seals-lease-financing-for-baltic-shipping-seven-ship-swoop/
All week, Splash will be bringing readers reports from Geneva Dry, the world’s premier commodities shipping conference, which took place on April 28 and 29 with more than 820 delegates in attendance. Up first in our coverage is the Commodities Shipping Outlook, a high-level scene-setter to open...
Three silos at a grain terminal in the Russian port of Novorossiisk were damaged by Ukrainian drones on Saturday with the city’s mayor declaring a state of emergency. The Black Sea terminal is now operated by Delo Group, having formerly been part of Cargill’s network. It has a capacity to move 10m...
Parrish & Heimbecker, a Canadian, a family-owned agri-business, has acquired a deepwater bulk marine export terminal in Quebec City from Societe En Commandite Terminal Grains, which has been operated by Sollio Agriculture since 2021. “The addition of a Quebec City terminal is a strong fit for our...
One of China’s fastest-growing bulker owners, Fujian Highton Development, continues its fleet expansion with the $10.2m purchase of the 14-year-old, 57,000 dwt SFL Yukon, now renamed Xin Hai Tong 61, from John Fredriksen’s SFL Corporation. It marks Highton’s smallest and oldest acquisition this...
https://splash247.com/fujian-highton-development-adds-supramax-from-sfl-corporation/
Japanese owner Kasuga Kaiun has returned to Chinese builder New Dayang with an order for two more ultramax bulk carrier newbuilds. No price has been revealed for the pair of 64,100 dwt vessels, which takes Kasuga’s bulker orderbook at the shipbuilding arm of state-run machinery manufacturer Sumec...
https://splash247.com/japans-kasuga-back-for-more-new-dayang-ultramaxes/
Danish shipping giant Norden has bagged another bulker sale after taking a purchase option on chartered-in tonnage. The Jan Rindbo-led owner and operator said it had offloaded an unnamed, previously leased handysize for an undisclosed sum in a deal that follows two similar, recently carried out...
https://splash247.com/norden-presses-on-with-bulker-flipping/
Yangzijiang Financial Holding has moved to spin off its maritime investment undertaking and list it on the Singapore Stock Exchange. The spinoff of China’s largest private shipyard, Yangzijiang Shipbuilding, said the newly incorporated company would function as a dedicated maritime investment...
https://splash247.com/yangzijiang-financial-to-spin-off-shipping-investment-business/
The second edition of Geneva Dry, the world’s premier commodities shipping conference, opens today with a record attendance and delegates keen to hear what’s in store for the global trade outlook in the coming 12 months following a turbulent start to 2025. With 819 registered delegates, organisers...
https://splash247.com/second-edition-of-geneva-dry-opens-today/
A bulker and a boxship collided late on Friday night on the Long Tau river near Vietnam’s Ho Chi Minh City, resulting in the bulker partially sinking. The 2018-built containership KMTC Surabaya, owned by Japan’s Nissen Kaiun and operated by Korea Marine Transport, collided with the 2015-built dry...
https://splash247.com/boxship-collides-with-bulker-on-long-tau-river-in-vietnam/