Glory Maritime International, a new shipping company set up by Hong Kong shipowner John Koo, has officially signed shipbuilding contracts with China’s Wuhu Shipyard for the construction of up to ten 63,500 dwt ultramax bulk carriers. The contract includes firm orders for four ships and options for...
https://splash247.com/john-koo-re-enters-shipping-with-ultramax-order-at-wuhu-shipyard/
Chinese state-run bulk entity Shandong Shipping has ordered five firm 180,000 dwt capesizes at Shanghai Waigaoqiao Shipuilding, according to Clarkson Research. The contract comes with options for five more capes and marks a very significant expansion for Shandong Shipping. The ships are due for...
https://splash247.com/shandong-shipping-orders-up-to-10-capes/
Tuesday afternoon sees the Maritime CEO Forum return to the Foreign Correspondents’ Club (FCC) in the heart of Central, Hong Kong with one of the best lineups of speakers assembled in the three-year history of our forums. Kicking off proceedings in the packed Main Dining Room of the FCC, Dr Adam...
https://splash247.com/maritime-ceo-forum-returns-to-hong-kong-with-all-star-lineup/
The ratio of dry bulk orders placed compared tovessels scrapped has risen to its highest level this year since 2010, according to analysis from Alphabulk. Bulker orders placed this year are now in excess of 33m dwt, on track to surpass last year’s total. By contrast, demolition activity has almost...
https://splash247.com/bulker-order-demo-ratio-hits-eight-year-high/
Three weeks later than we had predicted the S&P scene finally lit up in the past few days, led by bargain hunting tanker buyers looking to lock in deals as the price of oil continues to rebound. According to Alibra’s weekly comment, oil prices have continued their upward trend, hitting a four-year...
https://splash247.com/weekly-broker-tankers-lead-the-way-as-markets-light-up/
Greek dry bulk owner Trade Fortune has been revealed as the buyer of Great Eastern’s 2011-built kamsarmax . The Piraeus-based outfit paid a shade above $18.5m for the SPP-built vessel according to brokers, substantially less than the fair market value placed on the vessel by MSI. Trade Fortune is a...
NovaAlgoma Short Sea Carriers, a joint venture of Algoma Central Corporation and Nova Marine Holdings SA, and Peter Döhle Schiffahrts-KG have announced the creation of DNA Shipping, a commercial agreement to pursue consolidation and growth within the multipurpose project vessel and 13,500 to 15,000...
https://splash247.com/novaalgoma-and-peter-dohle-schiffahrts-create-new-mini-bulker-pool/
Emanuele Lauro’s Scorpio Bulkers has sold 2016-built ultramax bulker for $20.5m, and will lease the vessel back on bareboat charter for five years. Scorpio will pay the unnamed buyer $5,850 per day for the charter and has options to repurchase the vessel after three years until the end of the...
https://splash247.com/scorpio-bulkers-seals-sale-and-leaseback-of-ultramax/
Taiwanese bulker operator Wisdom Marine has placed an order at Dalian Cosco KHI Ship Engineering (DACKS) for the construction of two ultramax bulkers. According to shipbroking sources, the two 61,530 dwt newbuildings are scheduled for delivery in 2020. The price for each vessel is around $30m....
https://splash247.com/wisdom-marine-orders-ultramax-pair-at-dacks/
DCC Bulk Transport, a Singapore-based chartered bulker operator set up by the Halkiases, a Greek shipowning family, is being liquidated, less than two years since the company started operations. According to information from the Accounting and Corporate Regulatory Authority of Singapore, the status...