Norway’s mini-bulker giant Wilson has bought six older ships from the Strømberg Group, paying for the vessels in shares. The transaction is priced at NOK94m. The ships, due for delivery before year-end, are all in between 2,350 dwt and 2,850 dwt and were built between 1995 and 1997. After the...
Dry Cargo
Union Maritime exits supramax sector
Brokers tell Splash British owner Union Maritime has committed its supramax for around $10m, giving it a tidy $2m profit in just 18 months. In April 2017 the outfit paid $8m for the Tsuneishi Cebu-built, 52,000 dwt Topflight and named the thirteen-year-old ship Frognal Play. This is the second...
CMB eyes first hydrogen-powered bulker as early as 2023
Belgian shipowner CMB Group is looking to adopt alternative clean fuel in the future as a way to deal with IMO regulations on sulphur emission and plans to introduce the world’s first hydrogen-powered bulk carrier as early as 2023, the company’s CEO Alexander Saverys said in an interview with...
https://splash247.com/cmb-eyes-first-hydrogen-powered-bulker-as-early-as-2023/
Alios Bulkers panamax snapped up by Eastern Mediterranean
Thanassis Martinos-led Eastern Mediterranean Maritime (Eastmed) has acquired 2004-built panamax buker from Livanos company Alios Bulkers, according to broking sources. The Namura Shipbuilding-constructed vessel has been up for sale since June, and has now been snapped up by Eastmed for just north...
https://splash247.com/alios-bulkers-panamax-snapped-up-by-eastern-mediterranean/
Sinotrans picks up ZMI kamsarmax trio
Chinese shipping giant Sinotrans has acquired three kamsarmaxes from Zhejiang Materials Industry (ZMI), according to brokers. Yangfang-built (built 2013), (built 2013) and (built 2012) were originally linked to Greek buyers in March, reportedly Times Navigation, for around $18.5m each however the...
https://splash247.com/sinotrans-picks-up-zmi-kamsarmax-trio/
Minsheng Financial Leasing taking Nissen Kaiun kamsarmax
Chinese financial leasing outfit Minsheng Financial Leasing is acquiring the 2010-built kamsarmax bulker from Japanese owner Nissen Kaiun, according to shipbroking sources. The sale price is thought to be around $19m, slightly higher then the fair market value placed on the ship by MSI. Minsheng...
https://splash247.com/minsheng-financial-leasing-taking-nissen-kaiun-kamsarmax/
Bunge, Cargill, ADM and Louis Dreyfus join forces to digitise agrishipping
Four of the largest grain traders in the world are partnering to seek ways to digitise shipping transactions. Archer Daniels Midland (ADM), Bunge, Cargill and Louis Dreyfus said in a release they are investigating ways to standardise and digitise global agricultural shipping transactions for the...
https://splash247.com/bunge-cargill-adm-and-louis-dreyfus-join-forces-to-digitise-agrishipping/
Oak Maritime plants cape pair in the shop window
Oak Maritime is looking to offload a pair of capes. Brokers tell Splash that the Hsu family-controlled company has started marketing the 2010-built , which it has as a 50:50 joint venture with Belgium’s Bocimar, with a price tag of around $27m as well as the older 2003-built fully owned Mineral...
https://splash247.com/oak-maritime-plants-cape-pair-in-the-shop-window/
Weekly Broker: Tanker bargain hunting
Q4 always tends to bring S&P deals out of the woodwork and 2018 is proving no exception with Greeks very much to the fore, bagging available bulker tonnage as well as hoovering up sensationally cheap tanker deals where prices for crude ships are now hovering around historic lows. “On the dry side...
Star Bulk pays off restructured loans, seals new $625m facility
Greek dry bulk giant Star Bulk Carriers has repaid all outstanding deferred debt to its lenders originating from a restructuring of its finances in 2016. The move means Star Bulk now has no restrictions on vessel acquisitions or new debt, and is free to make dividend payments to its shareholders...
https://splash247.com/star-bulk-pays-off-restructured-loans-seals-new-625m-facility/