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000 Dwt News

05 Mar 2024

Berge Bulk Orders Ammonia-fueled Newcastlemax Pair

(Image: Berge Bulk)

Berge Bulk informs it has placed an order for two ammonia dual fuel vessels from China's Qingdao Beihai Shipbuilding Heavy Industry as part of a push by the dry bulk shipowner to decarbonize its operations.The two 210,000-DWT Newcastlemax vessels will meet the International Maritime Organization's (IMO) Tier III NOx (nitrogen oxides) standards and Energy Efficiency Design Index (EEDI) Phase 3 compliance for greenhouse gas emissions.The Singapore-headquartered company has been…

29 Nov 2023

CMB.TECH, Boeckmans to Build Four Hdrogen-Powered Cargo Ships

Image courtesy CMB.TECH-Boeckmans

CMB.TECH and Boeckmans will build four hydrogen-powered 5.000-dwt general cargo vessels with reduced greenhouse emissions.The first vessel is expected to be delivered in the second half of 2025. The vessels will be built at the Dung Quat shipyard in Vietnam and will be deployed on major sea routes, including northern Europe, the Mediterranean, North Africa and West Africa.The general cargo vessel, designed jointly with Handelskade, will contain diesel-electric engines placed under the ship's forward accommodation.

13 Nov 2023

Odfjell Announces Deals to Add Six Newbuilds

(File photo: Hudong-Zhonghua Shipyard)

Norwegian shipping company Odfjell SE announced it is expanding its fleet with six newbuildings through a combination of long-term time charter and pool agreements with Japanese shipowners and shipyards.This increases the total to twelve 25,000 - 40,000 dwt stainless steel vessels to be delivered on long-term time charters and pool agreements between 2024 and 2027.The series of newbuildings will be built at multiple shipyards in Japan and are scheduled to be delivered from 1H2026 to 1H2027.

08 Nov 2023

Varamar, COSCO Shipping Enter Strategic Commercial Partnership

Credit: Varamar

Varamar DMCC has entered into a strategic commercial partnership with ASL Shipping & Logistics Pvt Ltd, a COSCO Shipping Group company,  with the aim of helping both companies to strengthen their respective trades.Varamar, a liner and tramp carrier that specializes in breakbulk, dry-bulk, oversized, and containerized cargo, has historically focused on trade lanes connecting Europe with the Middle East, Asia, and the Far East, while also trading to Africa and the Americas. The recent expansion of Varamar to 10 international branches…

31 Aug 2023

The Resurgence of the OSV Industry: From Trough to Triumph

Photo Copyright: Arlid/AdobeStock

The offshore supply vessel industry has weathered a tumultuous decade characterized by a prolonged trough that tested the resilience of vessel owners. However, the tides have turned, and the industry is now experiencing a strong and much-awaited revival.The offshore supply vessel industry has weathered a tumultuous decade characterized by a prolonged trough that tested the resilience of vessel owners. However, the tides have turned, and the industry is now experiencing a strong and much-awaited revival.While long seen as a derelict industry by investors…

05 Jul 2023

Cavotec Shore Power in First for European Tanker

Source: Cavotec

The Swedish port of Gävle recently became one of the first in the world to successfully connect a tanker vessel to a shoreside electricity system. The shore power connection solution was provided by Cavotec.The system, based on new standards drawn up in co-operation with other ports and operators, is set to pave the way for other tanker berth operators to reduce emissions, says Cavotec.The test sequence, during which no electrical current was supplied to the vessel, was conducted earlier this year with the Tern Fors…

16 Jun 2023

Two Seafarers Charged Following Bulk Carrier Drug Bust

(Image: Australian Federal Police)

Two seafarers have been brought up on charges for their alleged roles in smuggling cocaine into Western Australia on board a Marshall Islands-flagged bulk carrier.The men, both from Montenegro, were serving as master, 43, and chief engineer, 39, on board the 58,000-dwt supramax St Pinot. They have been charged with importing a commercial quantity of cocaine by the Australian Federal Police (AFP) and are expected to face Perth Magistrates Court on Friday.Police allege the pair…

12 Jun 2023

Monjasa Acquires Two Tankers

(Photo: Monjasa)

Oil and shipping group Monjasa announced it has acquired the oil and chemical tankers Monjasa Thunder (19,991 dwt) and Monjasa Shipper (7,991 dwt) for bunkering and cargo operations across West Africa and in the Arabian Gulf. Both tankers will assume operations during this month.Monjasa said it has already taken delivery of Monjasa Thunder (formerly Solando) in Riga, Latvia and Monjasa Shipper (formerly Pearl Mercury) in Singapore, and the two tankers are currently inbound Lomé, Togo and  Dubai, UAE respectively.

16 May 2023

Platts Launches Tanker Freight Rates to Reflect Costs of New Fuels

© momentscatcher / Adobe Stock

Platts, part of S&P Global Commodity Insights, has launched new price assessments for tanker base freight rates that factor in pricing for alternative fuels, the agency said on Tuesday.The move comes as the agency expects the maritime sector's use of alternative fuels, such as liquefied natural gas (LNG) to grow significantly in the next few years.With about 90% of world trade transported by sea, shipping accounts for nearly 3% of the world's CO2 emissions, yet environmental campaigners…

24 Apr 2023

Berge Bulk, ABS Examine Methanol Refit for Bulk Carrier

(Seated left to right) Panos Koutsourakis, ABS Vice President of Global Sustainability; and James Marshall, Berge Bulk CEO. (Standing left to right) Arnab Ghosh, ABS Director, Business Development; Sylvain Julien, Berge Bulk Head of Innovation and Newbuilding; Paolo Tonon, Berge Bulk Technical Director. Image courtesy ABS

A Joint Development Project (JDP) to evaluate the feasibility of converting a bulk vessel to methanol fuel propulsion was signed by Berge Bulk CEO James Marshall and ABS Vice President of Global Sustainability Panos Koutsourakis.Per the agreement, the team will examine the possibility of retrofitting the 300-m, 210,000-dwt heavy fuel oil propelled bulk carrier Berge Mauna Kea to operate on methanol fuel. The six-month study is already underway.“Retrofitting alternative fuel capability to the global fleet is going to be critical if we are to achieve our sustainability goals.

29 Mar 2023

Strategic Marine Opens New Shipyard in Singapore

Image courtesy Strategic Marine

Strategic Marine unveiled a new shipyard facility located on JTC’s waterfront site at 5 Benoi Road in western Singapore. The ceremony also saw the delivery of Southeast Asia’s first hybrid crew transfer vessel (CTV), and the unveiling of Strategic Marine’s fourth-generation fast crew boat (FCB).The new facility features a 5,000-DWT dry dock measuring 105m in length, 18.5m in width, and 8m in depth as well as a 6,000 DWT slipway.As part of the opening ceremony, the hybrid CTV, HST Swansea, was delivered to its new owner, UK-based HST Marine, along with its sistervessel, HST Tynemouth.

28 Mar 2023

Tärntank Wind-Assisted Tanker Trio to Sport Kongsberg Gear

Image courtesy Kongsberg Maritime/Tärntank

Kongsberg Maritime will supply design, engineering and equipment for three MGO/Biofuel and methanol-ready tanker ships being built for Danish tanker operator Tärntank. The 15,000-dwt tanker vessels will feature wind assist technology plus Tärntank’s own battery-powered Hybrid Solution.To be built at China Merchants Jinling Shipyard, Yangzhou and delivered in 2025, Kongsberg's portion totals nearly $12m and includes steering gear, rudders, controllable pitch propellers, tunnel thrusters and thruster control systems…

09 Mar 2023

Navigator Line Buys Chemical Tanker from Lomar

Apollo (Photo: Lomar Shipping)

Libra's global ship owning and management unit Lomar Shipping last week delivered the chemical tanker Apollo to new owner Navigator Line Ship Management and Operation, in Sharjah, UAE.Built in 2003, the 24,000 DWT vessel was sold for close to $10 million as part of Lomar's ongoing fleet renewal program, the company said.The vessel was the oldest of six chemical tankers, including four 38,000-dwt chemical/products tankers, that joined the Lomar fleet following the October 2022 acquisition of Germany’s Bremen-based tanker specialist Carl Büttner Group…

30 Jan 2023

APC Lands Multiple Turkish Tanker Deals

Image courtesy APC

Advanced Polymer Coatings (APC) confirmed a series of new contracts to apply its MarineLINE tank coating system to newbuild and existing tankers, including:A deal with Genka Shipbuilding will see MarineLINE applied to a newbuild 2,000-DWT oil and chemical tanker. Construction of the vessel at the Pendik Naval shipyard will get underway in January 2023.APC also signed a contract with Okan Ogullari Shipping to coat its latest new build 10,500-DWT tanker. Construction work is also scheduled to start in January 2023.In another deal…

08 Sep 2022

Monjasa Acquires Secondhand Vessel for Middle East Operations

Monjasa Shaker (Photo: Monjasa)

Oil and shipping group Monjasa said it has acquired a secondhand 9,600 dwt oil and chemical tanker for cargo and bunkering operations in the Arabian Gulf.Formerly known as Trinity Erk, the 2009-built, 117.6-meter-long vessel has been renamed Monjasa Shaker and is now onw of four tankers ranging between 4,000 and 10,000-dwt serving Monjasa’s marine fuel operations across the Middle East.The Denmark-based company said it has seen increasing demand for its marine fuel solutions,…

20 Jul 2022

'K' Line Orders Airseas Kites for Three More Ships

(Image: Airseas)

One of the world’s largest shipping companies has ordered kite wind propulsion systems to reduce fuel consumption and greenhouse gas emissions from three of its bulk carrier vessel.Japan-based Kawasaki Kisen Kaisha (“K” LINE) on Wednesday confirmed orders for three additional Seawing systems, bringing to a total of five the number of its vessels that will use Airseas’ innovative wind propulsion technology to reduce their emissions.Under the agreement, the third, fourth and fifth Seawing systems delivered to “K” LINE will be installed on post panamax bulkers…

13 Jun 2022

New Hybrid Self-discharging Coaster Will Offer "Zero Emission" Port Calls

Image courtesy EST Floattech/ Royal Bodewes

EST-Floattech has been contracted by Hoogendijk Electric to design and deliver the complete battery system for Hagland Pioneer, the third newbuild hybrid coaster for Norwegian shipping company Hagland, currently being built at Royal Bodewes shipyard and due for delivery halfway 2023.EST-Floattech’s battery system enables the 5,000-DWT self-discharging bulk carrier to make zero-emission port calls. The vessel, one of a series of three, will also sail in full-electric mode, for example in environmentally sensitive environments, such as in fjords or near-coastal communities.

13 May 2022

Samsung Delivers Suezmax Newbuild to NAT

Tanker shipping company Nordic American Tankers on Friday took delivery of a suezmax newbuild from shipbuilder Samsung Heavy Industries in South Korea.The 157,000-dwt crude oil tanker is named Nordic Harrier, which was the first NAT ship when becoming stocklisted on the New York Stock Exchange in 1995.The ship, which is on a 10-year bareboat charter to NAT from Norwegian shipowner Ocean Yield, will commence a contract for six years to ASYAD Shipping Company of the Sultanate of Oman. "The contract is producing earnings and cashflow as from delivery from the yard, creating financial stability and a further foothold in this important area," New York-listed NAT said in a letter to investors and shareholders.

22 Oct 2021

Belship Secures Charter Deals for Two Bulk Carriers

Olso-listed bulk carrier operator Belships said Friday it had secured charters for two of its vessels.Belships said the period time charter contracts secured were for a period of about 23-25 months at a gross rate of USD 25 500 per day per vessel. The contracts are expected to start from the beginning of November 2021.The company, which will have a fleet of 30 Supramax/Ultramax bulk carriers with an average age of 4 years, once all announced transactions are completed, did not say who the client was for the two vessels, nor which vessels exactly had secured the charters.Last week, Belships agreed to acquire a 64 000 dwt Ultramax newbuilding resale currently under construction at a Japanese shipyard.Delivery is expected to be January 2023.

29 Sep 2021

'K' Line Takes Delivery of 210,000 DWT Bulk Carrier

(Photo: "K" Line)

The 210,000-dwt ton capesize bulker Cape Brolga has been delivered from Japan Marine United Corporation's Tsu shipyard to Kawasaki Kisen Kaisha, Ltd.

14 Sep 2021

SFL Sells Seven Handysize Bulk Carriers

Shipowner SFL Corporation on Tuesday announced it has sold seven handysize dry bulk vessels to an Asian-based buyer for an aggregate price of approximately $100 million.The 32,000-34,000 dwt capacity ships, built between 2011 and 2013, have been employed in the spot market the last five years after redelivery from their initial charters. "With limited long term chartering opportunities for small dry bulk vessels, the intention has been to trade the vessels in the spot market until the markets improved," New York-listed SFL said.Ole B. Hjertaker, CEO of SFL Management AS, said, "Our primary business strategy is to own and charter out vessels long term to strong counterparties, and we have added more than $850 million to our charter backlog in 2021.

01 Sep 2021

New Ship Repair Cluster Coming to Russia’s Far East

Sergey Tseluyko, Managing Director of Zvezda (left), and Igor Tonkovidov, President and CEO of Sovcomflot (right), signing keel laying statement during the ceremony. (Photo: Zvezda)

A group of Russian maritime stakeholders have agreed to develop ship repair cluster in the country’s Far East.The trilateral agreement between PAO Sovcomflot, SMART LNG (a joint venture between PAO Sovcomflot and PAO NOVATEK) and Far Eastern Shipbuilding and Ship Repair Center (FESRC, a subsidiary of Rosneft) was signed by: Andrey Shishkin, CEO of FESRC and Vice-President for Energy, Localization and Innovation of Rosneft; Igor Tonkovidov, President and Chief Executive Officer of Sovcomflot, and Sergey Frank, Chairman of the Board of Directors of SMART LNG.

11 Aug 2021

Clearlake Shipping Fixes 37,000-dwt Asphalt Carrier

Photo courtesy Clearlake Shipping

Clearlake Shipping, a wholly-owned subsidiary of Gunvor Group, has fixed a new building 37,000 deadweight ton (dwt) asphalt carrier, the White Pearl, to be delivered before year end.White Pearl will complement Gunvor’s growing asphalt trading business, which has been active since 2016, adding to the company’s position in the trade, storage, and transportation of asphalt products. Gunvor’s trading desk operates worldwide, moving approximately 1 million MT of bitumen annually, and has a dedicated fleet of four existing fixed vessels and multiple spot charters.

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