Post-Panamax

Pangaea bulker is the first to gain Silent (E) notation

ship with Silent (E) notation

Newport, R.I., based Pangaea Logistics Solutions Ltd. (Nasdaq: PANL) reports that its 95,000 dwt. post-panamax dry bulk carrier Nordic Nuluujaak has been awarded the Silent (E) class notation by, making it the first dry bulk carrier to ever receive the certification. The Silent (E) Notation is a select designation given to vessels with a demonstrated ability to effectively reduce environmental noise emissions, consistent with a focus on protecting sensitive marine ecosystems. Nordic Nuluujaak...

https://www.marinelog.com/legal/environment/pangaea-bulker-is-the-first-to-gain-silent-e-notation/

Diana -C Transport Inks Time Charter Contract

Diana Shipping has entered into a time charter contract with C Transport Maritime Ltd., Bermuda, for one of its Capesize dry bulk vessels, the m/v Boston says a press release published in their company’s website.

The Company was reasonable when made because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure you that it will achieve or accomplish these...

https://mfame.guru/diana-c-transport-inks-time-charter-contract/

Container Market Flourishes As Rates Reach New Heights

The Container market has seen an unprecedented increase in rates since the end of 2020. Container 1 year TC rates have surged to extraordinarily new highs with 8,500 TEU values rising to a record 54,000 USD/day for April. This is an increase of 350% since June 2020, reports Vessels Value.

Time charter rates

Throughout 2020 the market fell significantly from impacts due to the Covid-19 pandemic. There was a significant decrease in demand as the uncertain circumstances surrounding the beginning of...

https://mfame.guru/container-market-flourishes-as-rates-reach-new-heights/

Diana Shipping Inc. Announces Time Charter With Tongli

Diana Shipping Inc. has entered into a time charter contract with Tongli Shipping Pte. Ltd., for one of its Post-Panamax dry bulk vessels, says a press release published on their website.

About the charter contract

Diana Shipping Inc. (NYSE: DSX), (the “Company”), announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Tongli Shipping Pte. Ltd., for one of its Post-Panamax dry bulk vessels, the m/v Electra.

Charter rate

The gross charter rate is...

https://mfame.guru/diana-shipping-inc-announces-time-charter-with-tongli/

Oldendorff Fleet Acquires 4 New Vessels

Earlier this year Oldendorff Carriers ordered two 61 300 Ultramax new-builds for delivery July 2022 and acquired two 93 000 DWT Post-panamaxes in separate transactions, reports Dry Bulk Magazine. The Ultramaxes

The 61 300 Ultramaxes will be delivered from Dalian Cosco Kawasaki Ship Engineering Co Ltd (DACKS) in July 2022 and are of the Kawasaki eco design, of which Oldendorff had previously built nine units at DACKS and sister yard NACKS until 2019. The vessels feature Masada/Mitsubishi cranes,...

https://mfame.guru/oldendorff-fleet-acquires-4-new-vessels/

Time Charter Rates More Than Triple In Two Weeks

Time-charter rates for Panamax and post-Panamax dry bulk ships were heard fixed in the market at $100,000/d or more Feb. 16, causing a stir among market participants, says an article published in S&P Global.

Low Levels of Spot Tonnage

Freezing temperatures across Europe have driven up coal demand on mid-sized dry bulk ships in recent weeks, and low levels of spot tonnage — especially of ice-class ships — have seen time-charter rates spike to levels not seen since before the 2008 global financial...

https://mfame.guru/time-charter-rates-more-than-triple-in-two-weeks/

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