Bulk Orders News

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…

Berge Bulk has returned to Yara Marine Technologies for additional in-line scrubbers in a new retrofit deal aiming to help the dry bulk shipowner to reduce emissions from its vessels.Berge Bulk is currently on a journey to zero carbon operations, and Yara Marine has already installed in-line scrubbers on about 30 of its bulk carriers."We have had good experiences using Yara Marine for emissions reduction. They have already provided several of our vessels with efficient, safe, and reliable scrubbers.

Proman Stena Bulk, a joint venture between Proman Shipping and Stena Bulk, has agreed to build an additional vessel, the methanol-powered Stena Prosperous.The joint venture in November 2019 signed a deal with Guangzhou Shipyard International (GSI) in China to build two IMOIIMeMAX methanol-ready 49,900 DWT vessels, with the first vessel due for delivery at the beginning of 2022. Now, the company will add another vessel, the Stena Prosperous. which will join the Stena ProPatria and the Stena ProMare in the Proman Stena fleet in the second half of 2022.

New marine fuel rules to boost diesel prices for at least a year -analystsGlobal prices for diesel and marine fuels should rise by October ahead of a January switchover to new, very low-sulfur marine fuels, and remain higher for at least a year as refiners shift production to make more of the new fuels, analysts said.Marine fuels containing no more than 0.5% sulfur by weight, down from the 3.5% currently used, to power ocean-going vessels will be required for ships without exhaust scrubbers on Jan.

Dry bulk shipowner Eagle Bulk Shipping announced this week it will purchase up to 37 exhaust gas cleaning systems, also known as scrubbers, from an undisclosed manufacturer as part of its strategy to comply with new regulations that limit ships’ sulphur emissions from 2020.The U.S.-headquartered shipowner said it has placed firm orders for scrubbers to be retrofitted on 19 of its vessels ahead of the January 1, 2020 implementation date of the International Maritime Organization’s (IMO) 0.5 percent sulphur cap rules.

If you are an American thinking Asia for converting a vessel, building a drydock or contracting a medium-sized newbuild, then Krzysztof Kozdron, Managing Director of Germany-based Schulte Marine Concept (SMC), is the man you need to speak to. Easy to talk to, the Shanghai-based naval architect and engineer knows shipbuilding from all sides. Parent company Bernhard Schulte Shipmanagement (BSM) has owned and operated ships for 150 years, and he draws on that and his own 25 years of project experience.

Gibson tanker report says that as owners head back to work after their summer breaks, many will no doubt have to do some serious thinking as we approach the final quarter of 2016. "Last summer we were reporting about the orderbook swelling, and it continued to do so throughout the remainder of 2015," says the report. A few owners switched dry bulk orders to tankers and the orderbook was further swelled by an influx of orders ahead of the Tier III regulation requirements for the US trade. Last year shipbuilders around the globe received orders for 50 million dwt/tonnes, just shy of the total of 51 million achieved in the heady days of 2008.

Stena Bulk has placed an order for three 50,000 dwt IMOIIMAX MR tankers with the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME), formerly Guangzhou Shipyard International (GSI), in Guangzhou. It has also taken out an option on a further two vessels. The total value of the order is $200 million. The first delivery is planned for the end of 2017 after which the vessels will be delivered at three-monthly intervals. The vessels now ordered are of the same type as the ten chemical and product tankers ordered by Stena Bulk in 2012 from the same shipyard…

Dry bulk orders have fallen to the lowest level since the 1990s to 0.4m dwt per month showing a massive 98% reduction from the 23m dwt peak in orders in December 2007, and probably the sharpest decline in recent decades. Not really a surprise in a market where Capesize bulkers are struggling to earn $4,000/day, but a timely relief to investors with ships on the orderbook says a study paper of Clarkson Research Services Limited. This investment collapse marks the end of a remarkable phase of bulkcarrier history. During the last decade, 724m dwt of new bulkers have been ordered, around 70m dwt/year. Just to put that in perspective, during the previous decade ordering averaged about 20m dwt/year. The 5 years from 1996 to 2001 were disappointing to investors, who ordered only 1.2m dwt/month.

Star Bulk Carriers Corp. announced that on September 23, 2013, the company entered into agreements with Shanghai Waigaoqiao Shipbuilding Co. Ltd. (SWS) for the construction of two 208,000 dwt Newcastlemax drybulk vessels each with fuel efficient specifications and expected deliveries during the first half 2016. On September 27, 2013, the company entered into agreements with Nantong COSCO KHI Ship Engineering Co. (NACKS), for the construction of two 61,000 dwt Ultramax drybulk vessels and one 209…

Mitsubishi Heavy Industries, Ltd. (MHI) and Imabari Shipbuilding Co., Ltd. have signed a technological collaboration agreement on container carriers.   The initiative aims to combine MHI's technological capabilities, as in the development of energy-saving vessels, and Imabari's strong cost competitiveness, in order to establish an advantageous framework for competing in the international shipbuilding market. By effectively utilizing the shipyards of both companies, together MHI and Imabari will become capable of flexibly accommodating bulk orders - e.g. construction of multiple ships of the same design - thus strengthening and expanding their respective business for high-value-added container carriers.

Mitsubishi Heavy Industries, Ltd. (MHI) and Imabari Shipbuilding Co., Ltd. The initiative aims to combine MHI's technological capabilities, as in the development of energy-saving vessels, and Imabari's strong cost competitiveness, in order to establish an advantageous framework for competing in the international shipbuilding market. By effectively utilizing the shipyards of both companies, together MHI and Imabari will become capable of flexibly accommodating bulk orders - e.g. construction of multiple ships of the same design - thus strengthening and expanding their respective business for high-value-added container carriers. The three-year collaboration agreement…

Stena Bulk, which recently confirmed an order at Samsung Shipyard for six in-house designed Suezmax tankers for delivery in 2011/2012, has now placed further one order of a Suezmax tanker – the seventh in the series. The vessels have been designed by Stena’s own design department in accordance with the most advanced technology available today. The result is dramatically improved energy efficiency, which will, among other things, reduce fuel and bunker consumption by up to 15% compared with most efficient, conventionally designed Suezmax tankers currently in operation.

Stena Bulk has confirmed an order for two in-house designed Suezmax tankers from Samsung, South Korea for delivery in 2011. The 158,700 dwt vessels, with a length of 899 ft and a beam of 157.5 ft, will be when delivered the largest tankers in Stena Bulk’s fleet. Also included are two optional sister vessels, declarable spring 2010. Nearly $7m extra per vessel has been invested in state-of-the-art technology in order ensure the highest environmental class including minimum 10 percent lower bunkers consumption compared with the best Suezmax tankers of today. The order of the Stena Superior and the Stena Supreme is part of Stena Bulk’s strategic investment in own high-class tonnage for the Stena Sonangol Suezmax Pool…

Eagle Bulk Shipping Inc. exercised options for the construction of four 58,000 dwt Supramax vessels from the Sinopacific Shipbuilding Group, the parent of the Yangzhou Dayang Shipbuilding Co. at a contract price of $42.3 million per vessel. The availability of these options was initially reported by Eagle Bulk on August 7, 2007. The addition of these vessels to the Eagle fleet increases the total fleet size to 53 vessels, expands capacity to 2.93 million deadweight tons, and improves the fleet's efficiency by increasing the sister ship total to 45 vessels.

The propeller manufacturer and joint-venture company Wärtsilä CME Zhenjiang Propeller Co Ltd signed contracts in November to deliver a total of 72 fixed pitch propellers (FPP) at a value of approximately EUR 30 million. The company will deliver the propellers to six of China's leading shipbuilders for vessels due to be delivered between 2009 and 2011. The nickel-aluminium bronze propellers, totalling over 2700 tonnes with diameters ranging from 6.1 - 8.2m, will be for installation to different types of vessels including oil tankers, containerships and bulk carriers.

Direct access to the internet from ships at sea can be costly. BIMCO has developed a solution to this problem. BIMCO has transferred a number of its databases from the BIMCO Website into a CD-ROM for use on board ships. The BIMCO Vessel CD-ROM 2002 provides senior officers at sea with BIMCO information and databases already available to shore-based staff with access to the Internet. In addition, the BIMCO Vessel CD-ROM 2002 includes details of the various IMO conventions to which each flag is a signatory, as well as information on flag state requirements for crews, including language skills and certification. Countries with restrictions against certain flags are also indicated. between 10-50 percent available for bulk orders.

Eagle Bulk Shipping Inc. class Supramax vessels. be delivered in January and February of 2010, respectively. 14 of which will be Supramax-class. increase the borrowing capacity from $450 million to $500 million. cash dividend payout. assets at what we believe to be very favorable values. closely with IHI Marine United throughout the construction process. approximately $33.5 million after giving effect to currency hedges. is expected in January and February 2010, respectively. hedged its Japanese Yen exposures into U.S. effectively eliminate currency risk. Company's previous facility with a maturity in 2016. financing the new vessels. quarterly cash dividends to our shareholders will not be impacted. future growth.

International shipbuilders enjoyed a healthy year, with the main contributors being tankers and container vessels. Following upon these ordering activities, R.S. Platou saw shipbuilding prices firming up from the bottom level the previous year. Price for the tankers increased on average by 16 percent but the corresponding figure for container vessels was only 6.5 percent. Bulk prices showed a firming almost equal to that of tankers, but ended at an average of 13 percent after the prices for smaller bulkers softened towards the end of the year. Korean yards were again this year the most aggressive, securing 46 percent of all new orders, equaling 18.5 mill. cgt. Proof of their dominance was that they secured 71 percent of all crude tanker orders and 57 percent of all product tanker orders.