Starbulk

“Makeshift” boxships gain pace with Starbulk capesize carrying containers

With the shortage of container vessels hitting critical levels, some operators have begun using bulk carriers or other vessel types to move containers.

Alphaliner reported this week that Greek bulk carrier owner Starbulk carried around 1,400TEU of containers on one of its 175,000 dwt Capesize bulkers. The cargo included 200 laden boxes and 1,200 empties repositioned from Europe to China.

Container shipping specialists contacted by Container News said that as bulk carriers are not built to hold...

https://container-news.com/makeshift-boxships-gain-pace-with-starbulk-capesize-carrying-containers/

What The Future Holds for The Drybulk Industry Amid Global Recession?

  • Rates for Capsizes are at the capacity of around 180,000 deadweight tons.
  • Prior to 2009, vast fortunes were made in dry bulk.
  • The largest cargo business in the world measured by volume.
  • The freight segment is measured with the most active derivatives market.
  • Capesize owners were predicted to profit from exhaust-gas scrubbers.
  • Global recession threatens steel demand, the driver of the seaborne iron-ore trade.
  • The collapse in oil prices erased the spread between high- and low-sulfur marine fuel.

https://mfame.guru/what-the-future-holds-for-the-drybulk-industry-amid-global-recession/

Star Bulk Carriers Ready For IMO 2020 Disruption

  • The companies Q2 earnings were severely affected by low dry bulk rates. The rates for Capesize were of approximately $8,500 per day, for the Panamax segment.
  • $9,100 and for Supramaxes were approx, $8,500 and the same rates currently stand at $30,437, $17,583, and $14,113, respectively.
  • SBLK plans to produce some impressive cash flows, which can be used to either continue repurchasing more shares, start distributing a dividend to shareholders or pay down debt.
  • Quarter 3 rates have been limited...

http://mfame.guru/star-bulk-carriers-ready-for-imo-2020-disruption/