Ultramax Dry Bulk

Vessel Speeds Indicates Sector’s COVID-19 Recovery

Sharp rise in Vessel speeds indicates a gradual recovery of the sector from the COVID19 crisis, says an article published in Ship & Bunker.

Containership

According to shipping intelligence, Panamax container ship speeds climbed for a third month in August. Average laden Panamax speeds were 14.42 knots in August, up by 2.2% from a month earlier.

Impact on bunker demand

Ship operators changing speeds according to strength or weakness in freight markets and bunker prices can have a significant impact...

https://mfame.guru/vessel-speeds-indicates-sectors-covid-19-recovery/

OSC Acquires Two Modern Ultramax Ships

Oman Shipping Company (OSC), acquired two modern Ultramax Dry Bulk vessels, reports Oman News Agency.

About the acquisition

Oman Shipping Company (OSC), a member of the ASYAD Group, confirmed the acquisition of two modern Ultramax Dry Bulk vessels, SBI Taurus and TR Omaha.

The new ships join OSC’s fleet of over 50 world-class vessels including LNG Carriers, LPG Carriers, VLCCs, Tankers, VLOCs, Dry Cargo, and Container ships. 

These ships will be renamed to (JABAL SAMHAN & JABAL AL KAWR) once joined...

https://mfame.guru/osc-acquires-two-modern-ultramax-ships/