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New Bulk News

31 May 2023

New Bulk Carriers to Feature Ammonia-to-Hydrogen Cracking

Source: PGT

The Norwegian company Pherousa Green Shipping, together with Pherousa Green Technologies, has announced plans for up to six Ultramax dry bulk carriers which will feature ammonia-to-hydrogen cracking technology to provide fuel for onboard fuel cells.Deltamarin has developed the innovative long endurance ammonia-fueled Ultramax bulk carrier concept together with PGT.Metacon recently announced the delivery of its first ammonia cracker prototype based on Helbio's unique tubular reforming reactor technology to Pherousa.

27 Feb 2023

Belships Acquires Three New Bulk Carries

Norway-based Belships announced it has entered into agreements for the acquisition of three new Ultramax bulk carriers. The 64,000 dwt vessels are currently being constructed at Japanese shipyards and are scheduled for delivery in Q4 2024,  Q4 2025 and Q1 2026.The vessels are fully financed through time charter lease agreements, each for a period of 7 up to 10 years, with purchase options at current market levels during the charter. There is no obligation to purchase the vessels. Belships is not required to make any down payment for this transaction. Cash breakeven for the vessels upon delivery will be about $14,000 per day. The agreements are conditional upon certain steps to be completed by the parties involved.“We are able to increase our fleet without investing any cash…

31 Oct 2022

DOT Announces $703M in Port Funding; 41 Projects in 22 States

Copyright bannafarsai/AdobeStock

U.S. Department of Transportation (DOT) announced more than $703 million to fund 41 projects in 22 states and one territory that designed to help improve port facilities through the Maritime Administration’s Port Infrastructure Development Program. Following is the full list of FY 2022 Port Infrastructure Development Grant Awards:ALASKANorth Extension Stabilization Step 1 Project ($68,700,000), Anchorage, AlaskaThe Project will reconfigure and realign the shoreline within the “North Extension” (the area north of the existing general cargo terminals) at the Port of Alaska in Anchorage, Alaska.

15 Apr 2022

AD Ports' SAFEEN Feeders in Trade, Shipping Deal with Saif Powertech

Credit: AD Ports

AD Ports Group's feeder service, SAFEEN Feeders, has signed a long-term trade facilitation and shipping agreement with Saif Powertec Limited, a listed firm in Bangladesh that is active in ports, logistics, civil engineering, and power sectors.Under the terms of the agreement, the two companies will collaborate to facilitate trade and cargo services from Fujairah to Bangladesh over a period of 15 years. As part of the collaboration, SAFEEN Feeders is expected to provide eight Supramax bulk carriers with 55…

15 Dec 2021

US Great Lakes Ports Report Cargo Spikes

(Photo: Samuel Hankinson / Chamber of Marine Commerce)

U.S. Great Lakes ports and the St. Lawrence Seaway are reporting a rush of activity as manufacturers stockpile raw materials and businesses take advantage of the congestion-free waterway to export overseas with just two weeks left of the season, the Chamber of Marine Commerce reports.“U.S. Great Lakes ports have roared back this year – recovering from major 2020 declines in traditional cargoes like iron ore and steel but also developing new business and seizing on opportunities for infrastructure investment. This story of recovery and renewal is mirrored in the latest St.

06 Jul 2021

Kongsberg to Equip Seaworks' Innovative New Bulker

(Image: Kongsberg Maritime)

Kongsberg Maritime (KM) said it has been commissioned to deliver an integrated equipment and systems package for an environmentally-responsible new bulk carrier project.The gas-powered ship – which can be fueled using either zero CO2 emission liquefied biogas (LBG) or conventional liquefied natural gas (LNG) – is being built for the Norwegian short sea shipping company Seaworks, utilizing a design which originated with Norwegian naval architect Polarkonsult.The mechanical aspects of KM’s scope of delivery encompass steering and reduction gear…

10 Dec 2020

Scorpio Sells Another Bulk Carrier

© Steven Kennedy / Adobe Stock

Scorpio Bulkers announced it has entered into an agreement to sell another Ultramax bulk carrier, its second this week, as the company continues its transition away from dry bulk shipping to focus on the offshore wind market.Scorpio said Wednesday the 2015-built SBI Orion was sold to an unaffiliated third-party buyer for approximately $16.1 million. Delivery of the vessel is expected to take place in the first quarter of 2021.Earlier this week, Scorpio sold the 2016-built SBI…

08 Dec 2020

Scorpio Continues to Sell Bulkers in Transition to Offshore Wind

Scorpio Bulkers has sold off another vessel as the NYSE-listed shipowner shifts its focus to the offshore wind market. SBI Tethys was sold for $18.25 million and is expected to be handed over to its new owner in the first quarter of 2021, Scorpio announced Tuesday. The 2016-built Ultramax is the latest in a string of bulk carriers sold by Scorpio since the company announced in August that it planned to depart the dry bulk shipping business. The company has recently sold eight vessels and has contracted to sell 13 additional vessels, all of which are expected to close in the first half of 2021. Upon the completion of the announced vessel sales…

22 Oct 2020

Scorpio Sells Another Bulk Carrier

Scorpio Bulkers announced it has sold another bulk carrier, marking its seventh ship sale since revealing plans to pivot away from dry bulk shipping toward offshore wind services.The Monoco-based shipowner said on Thursday it reached a deal with an unnamed, unaffiliated third party to sell the 2016-built Ultramax SBI Zeus for approximately $18.5 million.Since September 28, Scorpio Bulkers has also sold SBI Hera, SBI Phoenix, SBI Samson, SBI Conga, SBI Sousta and SBI Rock. Upon delivery of the four Ultramax and three Kamsarmax bulkers to their respective owners in the fourth quarter of 2020, Scorpio Bulkers will have an operating fleet of 47 vessels consisting of 42 wholly-owned or finance leased drybulk vessels (including 13 Kamsarmax vessels and 29 Ultramax vessels)…

15 Oct 2020

Scorpio Bulkers Sells Another Ultramax Amid Offshore Wind Pivot

Scorpio Bulkers said on Thursday it has sold another Ultramax bulk carrier, the sixth ship to leave its fleet since the Monoco-based shipowner announced plans to pivot away from dry bulk shipping toward offshore wind services. The sale of the 2016-built SBI Hera to an unnamed unaffiliated third party for $18.5 million follows close on the heels of Wednesday's sale of the 2017-built Ultramaxes SBI Phoenix and SBI Samson for $34 million. Since September 28, Scorpio has also sold three Kamsarmax vessels, including the 2015-built SBI Conga for $18.4 million and 2016-built SBI Sousta and SBI Rock for $18.5 million and $18 million respectively.Following delivery of the six ships to their new owners in the fourth quarter…

14 Oct 2020

Scorpio Bulkers Sells Two Ultramax Vessels

Scorpio Bulkers, Inc. announced Wednesday that it has entered into agreements with an unaffiliated third party to sell two 2017-built Ultramax bulk carriers for approximately $34 million as the dry bulk shipping company continues its transition to offshore wind services.The ships, SBI Phoenix and SBI Samson, are expected to be handed over to the unnamed buyer in the fourth quarter, Scorpio said. Both vessels were built at China's Chengxi Shipyard.The bulk carriers are the fourth and fifth Scorpio has sold since its August announcement revealing plans to enter into a shipbuilding contract with South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) to build a wind turbine installation vessel for delivery in 2023, with options to build three further similar vessels.

19 Jul 2020

Oldendorff Presses on With Its Newbuild Program

(Photo: Oldendorff)

German shipowner Oldendorff Carriers says it has recently taken delivery of two new bulk carriers, continuing a string of newbuild deliveries from Chinese and Japanese shipyards.The 63,000 tdw Ultramax Britta Oldendorff and 100,000 tdw Post-panamax Diane Oldendorff, both built by Japanese yard Oshima Shipbuilding and handed over during the second quarter of 2020, are among 23 bulk carrier delivered to Oldendorff since early 2019. The vessels were mostly ordered between 2015 and 2017 at "attractive prices"…

18 May 2020

Bahri Takes First of Four New Bulk Carriers

© Igor Strukov / Adobe Stock

Saudi Arabian ship owner Bahri said it has taken delivery of the new Kamsarmax bulk carrier Sara, built by Hyundai Vietnam Shipbuilding (HVS), a subsidiary of Hyundai Mipo Dockyard Co. Ltd. (HMD).The 81,000 dwt vessel is the first in a series of four ordered by Bahri Dry Bulk from South Korea’s HMD in August 2017. The three remaining vessels are all scheduled to be delivered this year.The new ship will transport basic grains, such as wheat, barley, corn and other dry-bulk cargoes, for import into Saudi Arabia.The 229-meter newbuild increases the Bahri’s fleet of dry-bulk carriers to six ships.

30 Jan 2020

Navibulgar Orders Four Bulkers

Bulgarian shipping company Navigation Maritime Bulgare (Navibulgar) ordered a new series of four 31800 ton bulk carriers in the Chinese Shipyard Jiangsu New Yangzi Shipbuilding Co.The century-old, largest ship-owning company in the country said in a press note that the deliveries are scheduled for 2021 and 2022.DNV- GL classification society is supervising the design and the construction process of the new lake fitted bulk carries. Navigation Maritime Bulgare possesses already other eight lakes fitted bulk carriers with DWT about 30,000 tons.The design of the new project has been jointly developed by the Chinese company Shanghai Odely Marine Engineering Co., Ltd and Navigation Maritime Bulgare.

20 Nov 2019

Putting Palatka Back on the Map

SJSB President and Owner, Steven Ganoe

Diverse and conveniently located, St. Johns Ship Building has quickly developed into a reliable partner for its many repeat customers. Today, and as a direct result, a lot more people know exactly where Palatka, Florida is located.On the St Johns River, just 60 miles south of Jacksonville, lies the sleepy town of Palatka, Florida. Founded as a trading post in 1821, its location on the highly navigable river made the area attractive to orange growers and timber men alike.In its heyday between 1875 and 1900…

14 Oct 2019

2020 Bulkers Fixes with Glencore

Norway-based shipowner 2020 Bulkers  has entered into a time charter agreement for its newcastlemax newbuilding Bulk Shanghai with a subsidiary of Glencore.The vessel will commence a 11-13 month time charter upon delivery from New Times Shipyard in early November 2019 and will earn an index linked rate, reflecting a significant premium to the Baltic 5TC index, said a press note from Bermuda-based new bulk carrier company.The time charter also includes a profit sharing of any economic benefit derived from operating the vessel´s scrubber, said the release.2020 Bulkers has two Newcastlemax drybulk vessels in operation and six Newcastlemax drybulk vessels under construction at New Times Shipyard in China.

25 Sep 2019

Navibulgar Christens New Bulk Carrier

The flag of the second 45,500 dwt bulk carrier, ordered by Navibulgar was hoisted in the Chinese Shipyard Jiangsu New Yangzi Shipbuilding Co. Ltd.The godmother Mrs. Wang Xiaoying - Deputy General Director, Operational Department of Export Import Bank of China named the newly built vessel “Midjur” and wished her happy sailing.The naming ceremony in the Chinese Shipyard is part of the celebration events of the 70th anniversary of the establishment of diplomatic relations between China and Bulgaria.Officials included the Deputy Minister of Transport, Information Technology and Communications Velik Zanchev, Grigor Porojanov - Ambassador Extraordinary and Plenipotentiary of the Republic of Bulgaria to the People's Republic of China…

12 Jun 2019

Oshima, DNV GL Sign Strategic Cooperation

The new “Oshima Ultramax 2030” design  (Photo: DNV GL)

Spurred by the IMO strategy to reduce greenhouse gas (GHG) emissions, Oshima Shipbuilding and classification society DNV GL have signed a long-term strategic cooperation to conduct research and development together on new bulk carrier designs. The first design to result from the cooperation, the “Oshima Ultramax 2030” leading to a 50% reduction in EEDI, was launched at the Nor-Shipping trade fair in Oslo.The partners aim to continue the strategic cooperation through to 2030, developing and updating a road map towards the IMO zero emissions scenario…

13 Mar 2019

Ports of Indiana: Big Successes, with Big Projects in the Wings

Vanta Coda, CEO at Indiana Ports

For Indiana’s state-established, but autonomous Ports of Indiana, 2018 was a record setting year, both for system-wide numbers and among the three individual Ports. These consist of Burns Harbor, on Lake Erie; Jeffersonville, on the Ohio, across from Louisville, KY; and Mount Vernon, also on the Ohio River, about 140 miles downriver from Jeffersonville.Not only were actual numbers robust, but Port officials reported “unprecedented tonnage increases” within the three-port system.

31 Jan 2019

ClassNK Grants AIP to KHI LNG-Powered Bulker

Logo: ClassNK

Leading Classification Society ClassNK granted an Approval in Principle (AIP) based on its Rule Part GF which adopts IGF Code (regulation for ships using low-flashpoint fuels) to Kawasaki Heavy Industries (KHI) for their project on the concept design of an LNG-fuelled 207K DWT bulk carrier.Speaking on the occasion, ClassNK Corporate Officer and Director of Technical Solution Department Hayato Suga said “The maritime industry has been setting its sights on LNG as an energy source for ships as it is an environmentally-friendly alternative to fossil fuels.

10 Jan 2019

APM Terminals Makes Progess in Poti Sea Port Expansion

In Georgia, APM Terminals Poti and Poti New Terminals Consortium have submitted a conceptual design for a first stage construction permit for the expansion of the Poti Sea Port.The plans were received by the Ministry of Economy and Sustainable Development of Georgia., said a release from international container terminal operating company headquartered in The Hague, Netherlands.“After high-level and in-depth negotiations with authorities, cargo owners, equity partners and financial institutions we concluded that Poti will continue as the prime access to the Caucasus and the Central Asian markets. We believe that we have the skills, ability and expertise to contribute to the economy of Georgia by persisting in our journey to further develop the Poti Sea Port…

22 Mar 2018

Star Bulk, Eco Marine Power Commence Renewable Energy Study

M/V Leviathan. Picture Credit: Star Bulk

As part of its continued focus on bringing renewable energy solutions to shipping, Eco Marine Power (EMP) has announced that it has signed a Memorandum of Understanding (MOU) with Star Bulk S.A. (Star Bulk) covering a joint study project focused on the feasibility of using EMP’s technologies on existing and new bulk carriers. The joint study between Star Bulk and EMP will cover engineering issues related to how various equipment including solar panels, batteries and other devices can be installed on existing and new ships.

08 Mar 2018

Indiana's Burns Harbor Plans for More Growth

Photo: Port of Indiana-Burns Harbor

The Port of Indiana-Burns Harbor completed a landmark year in 2017 and is poised for significant future growth as a result of several historic developments. In addition to handling an 8 percent increase in cargo shipments in 2017, the port doubled the size of its bulk terminal, attracted a nationally-renowned stevedore in Metro Ports, handled its most valuable cargo ever, and announced a $20 million expansion made possible by earning one of only 10 "FASTLANE" small project grants awarded in the U.S. last year.

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