Pangaea Takes Top Spot in Dry Bulk Benchmark Study
For the second year straight, US-based Pangaea Logistics ranks highest among dry bulk owners based on Time Charter Earnings (TCE), according to a recent market benchmarking report.Notably, the Rhode Island-headquartered shipowner's 53.7% TCE performance is well above Hong Kong's Pacific Basin Shipping Ltd. (24.3%) and Thailand's Thoresen Thai Agencies (23.5%) in second and third place respectively.The Vesselindex Performance Report by Danish maritime advisors Liengaard & Roschmann measures the TCE performance of 25 individual companies in relation to the earning potential of their respective fleets, making sure that no company is neither penalized nor getting an advantage from inferior/superior fleet compositions.
Cement Carrier Cargo Handling Orders for MacGregor
Two new 20,000 dwt cement carriers on order in China will feature advanced MacGregor cement handling systems. MacGregor, part of Cargotec, has secured an order with Shanhaiguan New Shipbuilding Industry in China for advanced bulk-handling systems for a pair of 20,000 dwt cement carriers on order for Singapore based Associated Bulk Carriers (ABC) which is a fully owned subsidiary of dry cargo shipowner Precious Shipping PCL, Thailand. Precious Shipping operates in the small handy-size sector of the tramp freight market. The identical sisterships will be equipped with MacGregor cement self-unloading/loading systems combining mechanical and pneumatic technologies to deliver a self-unloading rate up to 1…