Handysize bulkers

Aug.Bolten and Nova Marine Carriers establish a joint venture company and plan to jointly operate a handsize drybulk pool

Aug.Bolten and Nova Marine Carriers establish a joint venture company and plan to jointly operate a handsize drybulk pool

• Nova Marine Carriers and Aug. Bolten establish a new German based asset holding
company to own and operate geared bulkers
• Nova Marine’s vessels and cargo coverage will enhance the size and the quality of the
handysize drybulk pool
• The joint venture partners will focus on joined asset management, commercial and
pool operations and ship management.

Lugano/Hamburg June 7, 2021 –...

https://allaboutshipping.co.uk/2021/06/07/aug-bolten-and-nova-marine-carriers-establish-a-joint-venture-company-and-plan-to-jointly-operate-a-handsize-drybulk-pool/

Weekly Bulk Report – Week 15, 2021

The Baltic Briefing has released a report about the dry bulk market for the 15thweek of shipping activities of this year. The report dated 16 Aprilhighlights the dry bulk market conditions at the on-sight of the 15thweek.

Capesize

The market turned for all Capesize routes this past week as the BCI reached new highs for the year. The Capesize 5TC started the week at $23,911, surged early in the week before a lull mid-week. It closed out with a strong gain of 4,339 for the week to $28,250.  Both...

https://mfame.guru/weekly-bulk-report-week-15-2021/

Genco Prepares To Jettison Their Handysize Bulkers

  • Genco Shipping & Trading is ready to dispose of all its 10 handysize bulkers as part of the company’s fleet optimisation and renewal plan.
  • The company has determined to expand its previously announced fleet optimisation and renewal plan aimed at modernising its fleet.
  • Genco’s fleet have all been installed with scrubbers, allowing the ships to continue using high sulphur bunker fuels while at the same time be in compliant with IMO 2020 regulation.

Genco Shipping & Trading is looking to dispose...

http://mfame.guru/genco-prepares-to-jettison-their-handysize-bulkers/

Demand for Modern Bulk Tonnage in Shipping Market

  • Greek ship owners prefer younger bulkers with respect to the dry bulk market heating up.
  • SnP values exhibited a soft upward trend without excluding the scenario for a bullish increase on values in August.
  • Greek market is expected to become an important hub for vessels available for sale in the short run, with no objections to the possibility of the continuous increase on freight rates.

With the dry bulk market heating up, Greek ship owners are actively looking to acquire modern dry bulk...

http://mfame.guru/demand-for-modern-bulk-tonnage-in-shipping-market/