Danish owner and operator Norden has closed two additional asset plays with fresh sales in the dry bulk market. The Jan Rindbo-led shipping giant has offloaded an unnamed ultramax and one handysize after taking purchase options on the vessels. No further details were disclosed about the...
Dry Cargo
Fortescue signs up for CMB.TECH ammonia-powered newcastlemax
CMB.TECH, the shipowning vehicle controlled by the Saverys family, has signed an agreement with Australian miner Fortescue to charter an ammonia-powered vessel ordered in China. The 210,000-dwt ammonia-powered newcastlemax will feature a dual fuel engine and is expected to be delivered by the end...
https://splash247.com/fortescue-signs-up-for-cmb-tech-ammonia-powered-newcastlemax/
Yangziyang Financial in bulker newbuilding move
Yangzijiang Financial Holding has returned to Jingjiang Nanyang Shipbuilding with a newbuilding project in the handysize dry bulk segment. Shipbuilding sources have placed the Singapore-listed company behind an order for four firm 40,000 dwt vessels with delivery in 2027 and 2028. The spinoff of...
https://splash247.com/yangziyang-financial-in-bulker-newbuilding-move/
CMT offloads bulker as fleet renewal rolls on
Taiwan’s Chinese Maritime Transport (CMT) is shipping out one of its large bulk carriers. The owner of 13 vessels spread across capesize and newcastlemax segments is selling an unnamed unit to Ever Prosperity Shipping in Singapore for $17.65m. The company’s fleet list and VesselsValue pricing data...
https://splash247.com/cmt-offloads-bulker-as-fleet-renewal-rolls-on/
Winking Shipping buys Imabari-built newcastlemax
China’s Winking Shipping has purchased its second newcastlemax, acquiring the 14-year-old, Imabari-built, 206,300 dwt HL Saijo for just under $38m on bareboat hire purchase terms from Japan’s Doun Kisen. The deal marks one of several capes added by Winking Shipping in recent years. The company’s...
https://splash247.com/winking-shipping-buys-imabari-built-newcastlemax/
F. Laeisz revealed as Belships co-investor
German owner F. Laeisz has emerged as a co-investor in the takeover of Norwegian dry bulk player Belships. The Nikolaus Schües-led shipping group has snapped up a 25.01% stake in the ultramax specialist following the public takeover launched by asset management firm EnTrust Global and its vehicle...
https://splash247.com/f-laeisz-revealed-as-belships-co-investor/
North Korean iron ore shipments spark sanctions
The government of South Korea has imposed sanctions on a non-flagged vessel the country seized for illegally transporting iron ore produced in North Korea. Sanctions were also imposed on two Chinese nationals, Sun Zhengzhe and Sun Feng, who operated the ship and Russian company LLC Consul DV, which...
https://splash247.com/north-korean-iron-ore-shipments-spark-sanctions/
Tariffs on China set to dramatically alter US trade flows
Supply chain planners are busy booking shipments from non-Chinese destinations into the US today following last night’s tariff surrender by Donald Trump, the American president. Trump announced a 90-day pause for countries hit by higher US tariffs amid financial turmoil and a weakening dollar in...
https://splash247.com/tariffs-on-china-set-to-dramatically-alter-us-trade-flows/
Alberta seals first baby cape deal of the year
Nicholas Inglessis’ Alberta Shipmanagement has made a rare sale and purchase move, snapping up its first baby cape, also the first reported baby cape sold this year. According to brokers, the 118,000 dwt Jubilant Devotion—a Japanese-controlled, scrubber-fitted bulker built in 2016 at Sanoyas...
https://splash247.com/alberta-seals-first-baby-cape-deal-of-the-year/
Geneva Dry Dialogues: Hempel
Nic Lawrence, global business development manager of marine dry bulk at coatings giant Hempel, is one of many delegates who is especially looking forward to the return of the Dry Decarbonisation panel later this month at Geneva Dry, the world’s premier commodities shipping conference. The session...