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Two Bulk News

19 Mar 2024

BIMCO: 13% of World Seaborne Trade Under Attack from Houthis and Somali Pirates

One of the largest of the international shipping associations BIMCO has reported increased threats associated with maritime shipping amid Red Sea risks related to Houthi strikes and rise of piracy activities offshore Somalia.Since November 2023, the threat to shipping has increased as the Houthis started attacking ships in the Red Sea and the Gulf of Aden. Simultaneously, piracy activity off the East coast of Somalia has risen and since December, two bulk carriers and several fishing ships have been hijacked.

29 Jan 2024

Panagiotidis Family Buys Two Bulk Carriers from Castor Maritime

© Volodymyr Kyrylyuk / Adobe Stock

Castor Maritime announced it has reached deals to sell two bulk carrier vessels to entities owned by a family member of Castor Maritime's chairman, CEO and CFO, Petros Panagiotidis.Under separate agreements signed January 19, 2024, the Cyprus-based company sold the 2010-built Panamax bulk carriers Magic Nova and Magic Horizon for $16.1 million and $15.8 million respectively. Both vessels are expected to be delivered to their new owners by the end of the first quarter of 2024.The deals' terms were negotiated and approved by a committee of Castor Maritime's independent directors…

22 Sep 2023

First Big Grain Ship Leaves Ukraine's Black Sea Port

The first big ship carrying grain from a Ukrainian Black Sea port has set sail since Moscow quit a deal in July to allow exports, a Ukrainian deputy prime minister said on Friday, part of Kyiv's campaign to break Russia's de facto blockade.The Aroyat "left the port Chornomorsk after loading 17,600 (metric tons of) Ukrainian wheat for Egypt," Oleksandr Kubrakov said on the X social media app, formerly Twitter.He posted a photo of the ship at sea. It was the second of two bulk carriers to leave the port this week using what Kyiv calls a new temporary humanitarian corridor. The first, the much smaller Resilient Africa, left on Tuesday, testing the route with a cargo of just 3…

28 Jun 2022

Belships Acquires Two Bulk Carriers

Belships said Tuesday it has entered into agreements to acquire two secondhand Ultramax bulk carriers.The two ships, which were built at Japanese shipyards in 2015 and 2017, are currently financed through time charter lease agreements with purchase options "significantly below current market levels", according to Belships.The Oslo-based shipowner said it will pay a total of $15.5 million as downpayment upon delivery of the vessels, which is expected within July 2022. The company said it intends to declare purchase options for both bulkers during the next few months and refinancing to cover the purchase option amounts.Lars Christian Skarsgård…

28 Jun 2022

SAFEEN Feeders Buys Two Bulk Carriers

Credit: AD Ports

SAFEEN Feeders, part of UAE-based AD Ports Group’s Maritime Cluster, has acuired two Supramax bulk carriers Al Saad and Aleena-1.Built in in 2010, the Al Saad has 57,124 deadweight tonnage with an overall length of 200 metres and a draft of 12.5 metres. The vessel is equipped with four cranes with a lifting capacity of 30 tons per crane. The addition of Al Saad follows the acquisition of Aleena-1, which was also built in 2010.Since being acquired, these ships have been deployed as part of a collaboration between SAFEEN Feeders and Saif Powertec Limited…

11 Apr 2022

Oldendorff Inks Deal with Yara for Scrubbers

Photo courtesy Yara

Oldendorff Carriers signed a deal last week in Oslo with Yara Marine for the installation of U-type scrubbers on two newbuild capesize vessels.Torsten Barenthin, Oldendorff Carriers' Director of Innovation, and Aleksander Askeland, Yara Marine Technologies' (YMT) Chief Sales Officer, have signed an agreement for the first installation of YMT’s new U-type SOx scrubbers on board two bulk carriers at the Nor-Shipping conference and exhibition in Oslo on Wednesday, 6 April 2022. This…

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.

20 Aug 2021

Croatia's Jadroplov Orders Bulk Carrier Duo

Croatian shipping company Jadroplov has ordered two bulk carriers in China.In a brief statement on Thursday, the company said it had on Wednesday evening signed a contract for two newbuild 63,000 DWT bulk carriers.The contract was signed with an unnamed Chinese shipyard. Jadroplov will have an option to order one more vessel of the same type.The company, based in Split, did not say how much it would pay for the vessels, nor when they're expected to be delivered.At the end of the second quarter of 2021, the Jadroplov's fleet consisted of five ships with a total carrying capacity of 242,727 DWT.

11 Aug 2020

Norden Orders Two More Bulk Carriers at NACKS

(Photo: Norden)

Norden announced Tuesday it has added two bulk carriers to an existing newbuilding contract with shipbuilder Nantong Cosco Khi Ship Engineering Co. (NACKS), taking the total order to six vessels.The Danish shipowner said it has already sold two of the six vessels on sale and lease back terms, freeing up liquidity. The newbuilds are scheduled to be delivered from 2022.In addition, Norden said it bought a secondhand 2014 built Supramax bulk carrier scheduled to join its fleet in September.

21 Nov 2019

Wilson Buys Two Bulkers

Wilson Ship Management, a short sea company working hand in hand with major players within the Norwegian and European industry, has signed an agreement to purchase the two bulk carriers MV Lauren C (2007) and MV Nicole C (2008), both of 5,000 dwt.The vessels are expected to be acquired during the first quarter of 2020. Upon acquisition, both vessels will be given Wilson names. The purchase is financed through equity and deductions from the company's loan facility in the bank.The acquisition of MV Lauren C and MV Nicole C marks the growth of today's fleet with two vessels. The acquisition underpins Wilson's long-term belief in the market and is the company's first vessel in the 5,000 dwt segment.Meanwhile, Wilson has entered into an agreement to sell the bulk carrier MV Wilson REEF.

06 Aug 2019

Samudera Sells Two Bulk Carriers

Singapore-listed Indonesian shipowner Samudera Shipping has sold its two modern but loss-making supramax bulkers.The regional container shipping line said in a stock exchange announcement that  its subsidiary, Foremost Maritime Pte. Ltd., has entered into memorandums of agreement to sell Sinar Kutai and Sinar Kapuas.Both Sinar Kutai and Sinar Kapuas are Singapore flagged bulk carriers. They are sister vessels with capacity of 57,334 deadweight tonnage. Both Sinar Kutai and Sinar Kapuas were built in 2011."Sinar Kutai and Sinar Kapuas will be sold to two separate purchasers. Both purchasers are unrelated third parties to the Group. The purchasers have requested that their names not to be announced until Sinar Kutai and Sinar Kapuas are delivered to them on completion…

14 May 2018

Angelicoussis Shipping to Retrofit BWTS on 36 Ships

(Image: Ecochlor)

U.S.-based ballast water treatment system (BWTS) manufacturer Ecochlor, Inc. said it has been awarded a contract to retrofit 36 vessels, including Suezmaxes, Aframaxes, VLCCs, Minicapes and Capes for Angelicoussis Shipping Group Limited (ASGL). Installations are expected to take place between 2018 and 2020 in Singapore, Dubai, Qatar and China.Ecochlor CEO Steve Candito remarked, “Having both IMO and USCG Type Approval were very important factors in the selection process by ASGL.

23 Jan 2018

Wisdom Marine to Acquire 2 Bulkers

Wisdom Marine Lines Co Ltd says its board agrees to buy two bulk carriers from Imabari Shipbuilding for up to $49 million.   Reuters / Beijing Headline News

01 Aug 2017

Grand Bahama Shipyard Reports Commercial Success

(Photo: Grand Bahama Shipyard Limited)

Caribbean shipyard Grand Bahama Shipyard (GBS) said it has completed work on 30 commercial vessels within first half of 2017, predominantly comprised of companies returning to the yard with repeat business including tankers, bulk carriers, containerships, tugs, dive support vessels and drilling support vessels. In what is considered a volatile market, GBS said 2017 has been a great year for repeat customers, solidifying its position as a supporter of the major U.S. East Coast…

10 Jan 2017

Grand Bahama Shipyard Stayed Busy in 2016

V Ships USA LLC Boston - CSL Acadian (Photo: Grand Bahama Shipyard)

The Caribbean shipyard Grand Bahama Shipyard Limited (GBSL) worked on 49 commercial vessels and 20 cruise ships throughout 2016, with scope of works ranging from major steel fabrication and repairs, to engine and technical systems overhauls, hull treatment and tank cleanings. And looking to 2017 and beyond, the yard reports it has a healthy order book, with docking periods secured as far ahead as three years. VShips USA brought two bulk carriers, CSL Acadian and CSL Argosy, to GBSL to do tank cleaning on both vessels. CSL Acadian also received extensive pipe work.

28 Nov 2016

Bosphorus Strait Traffic Suspended after Collision - GAC

Traffic in Turkey's Bosphorus Strait, an important international shipping lane for oil and grain, was suspended on Monday after a minor collision between two bulk carriers, shipping agent GAC said. There were no immediate reports of casualties. GAC said a 114-metre vessel identified as M/V Forward collided with 224-metre carrier Wadi Alkarnak at 1413 pm (1113 GMT) around the middle of the Strait, following a rudder malfunction. One of the vessels had already left the strait but shipping traffic had since been closed, GAC said. The Turkish coast guard could not immediately be reached for comment. The Bosphorus is one of world's most important chokepoints for the maritime transit of oil…

14 Jul 2015

Two Bulk Carriers Collide near Zhoushan, One sank

General cargo vessels Wan Li 8 and Heng Run collided in early morning on July 13 in position some 25 nm northeast from Zhoushan, 80 nm southeast of Shanghai, leading to the sinking of Heng Run. Sierra Leone-flagged general cargo ship Heng Run (5,287dwt, built 2008) was carrying ore from Vietnam to Korea while China-flagged general cargo ship Wan Li 8  (4,071dwt, built 2007) was carrying steel from Zhangjiagang to Kaohsiung. Heng Run sank in minutes after collision; most of the 15 crew were rescued by Wan Li 8. One of the crew died, and one still missing. Zhejiang Maritime Rescue Department sent three ships for the rescue operation and also requested help from the local navy after receiving a distress call from Wan Li 8, which had released lifeboats for the crew onboard Heng Run.

03 Jun 2015

Thordon Reports Big Orders from Chinese Shipyards

Photo: Thordon Bearings

Thordon Bearings has received an order for a total of 20 seawater-lubricated COMPAC Propeller Shaft Bearing Systems for Chinese shipyards, marking the Canadian company’s most significant order for commercial vessels. Thordon Bearings, a manufacturer of advanced seawater-lubricated stern tube bearing systems, will supply COMPAC and Thordon Water Quality Packages for installation to various merchant and offshore newbuilds under construction for an undisclosed Chinese shipowner.

14 May 2015

Cosco Scraps Four Vessels

China COSCO Holdings disassembled four vessels including two container vessels and two bulk carriers in April 2015, with the aggregate capacity of 261.8 thousand deadweight tons. The company realized losses from the disassembly of the vessels of approximately RMB59 million  (USD9 million), says a statement from the COSCO. The units were sent for disassembling from 1 April 2015 to 30 April 2015. The two decommissioned container vessels ((Xiu He and Ya He) )were previously owned by COSCO Container Lines Co., Ltd (COSCON). The two decommissioned bulk carriers (Tianfu Hai and Ming Hai) were previously owned by China COSCO Bulk Shipping (Group) Company Limited (COSCO Bulk), both wholly-owned subsidiaries of the company.

16 Apr 2015

First B.Delta68 SUL Bulker Ordered

Deltamarin reported that its B.Delta family has scored further success as the Vulica Shipping Co. Ltd ordered the first ever B.Delta68 SUL (Self-Unloading) vessels. The order for the two bulk carriers was placed with the Chinese Jiangsu Hantong Ship Heavy Industry Co. Ltd. Deltamarin’s design contract with Hantong shipyard covers approval design (basic and detail), procurement handling and site assistance. The contract value is about €3 millioin, and the estimated contract period is 10 months. Delivery of the vessels is planned to take place before July 2017. According to the designer, the B.Delta68 SUL is a Panamax sized self-unloading bulk carrier featuring a state of the art, fuel efficient and environmental friendly design.

17 Dec 2014

CSL St-Laurent on Maiden Voyage

The second of Canada Steamship Lines' (CSL) two newbuild Trillium Class Great Lakes bulk carriers, CSL St-Laurent, was delivered on November 26, 2014 and set sail on her maiden voyage on December 13. She departed at 20:00 CST from Yangfan shipyard on Zhoushan Island, China, en route to Canada where she is set to operate throughout the Great Lakes and St. Lawrence River. The vessel is commanded by Captain Kevin Crouse and Chief Engineer Paul Beaudet, and is expected to take approximately 50-60 days to complete her voyage. CSL St-Laurent marks the successful completion of CSL's audacious newbuild program, which began with the delivery in December 2012 of the award-winning Trillium Class self-unloading Laker, Baie St. Paul.

19 Jun 2014

COSCO Zhoushan Delivers Pair of Panamax Bulk Carriers

COSCO Corporation (Singapore) says that its COSCO Zhoushan subsidiary shipyard has delivered two bulk carriers of 64,000 dwt, “PUERTO ROSARIO” and “PORTO LEONE”, to a European buyer. The new ships measure 199.9 meters in LOA, 32.26 meters in breadth and 18.5 meters in depth. COSCO Singapore adds that the delivery documents were signed by and between COSCO Zhoushan and the buyer recently.

12 Jun 2014

Lauritzen & Namura Sign Newbuilding Contract

Lauritzen Bulkers and Namura Shipbuilding Co., Ltd., Japan have signed contracts for building at Hakodate of two bulk carriers at a signing ceremony in Copenhagen on 10 June 2014. The deal consists of two 34,000 dwt eco design handysize bulk carriers for delivery in 2017. "The newbuilding contract not only confirms our strategy to maintain and develop our solid position in the handysize segment but also our very strong relations with Namura Shipbuilding and Hakodate Docks", says Peter Borup, president of Lauritzen Bulkers. Lauritzen Bulkers combined order program comprises six wholly-owned and two part-owned vessels as well as 16 long-term time-chartered newbuildings for delivery in 2014-17.

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