Bulk Carrier News

18 Feb 2021

Castor Maritime Buys Kamsarmax Dry Bulk Carrier for $14.8M

Illustration by Paul Kovaloff/AdobeStock

Dry bulk shipping firm Castor Maritime has struck a deal to buy a 2010 Korean-built Kamsarmax dry bulk carrier from an unaffiliated third-party for $14.8 million. It did not reveal the identity of the seller.The acquisition is expected to be consummated by taking delivery of the vessel sometime in the end of the first quarter or beginning of the second quarter of this year and is subject to the satisfaction of certain customary closing conditions. Castor Maritime said.Petros Panagiotidis…

10 Feb 2021

Anastasia Crew Debarks in Japan After Six Months Stuck off China

© Bridge Valley / MarineTraffic.com

The crew of bulk carrier Anastasia has debarked in Japan after six months stuck at anchorage off the coast of northern China.The vessel, its coal cargo and mostly Indian crew had been at a standstill since September amid the ongoing COVID-19 crew change crisis and a trade spat including a Chinese ban on Australian coal imports. Anastasia's operator Mediterranean Shipping Company (MSC), which maintains the Panamanian-flagged vessel and organizes its crew, said the ship's charterer…

10 Feb 2021

Windship Technology Unveils Emissions-free Ship Design

(Image: Windship Technology)

British company Windship Technology has unveiled a whole-ship solution to tackle CO2 emissions from ships, launching its emissions-free bulk carrier and tanker designs alongside an investment partnership with classification society DNV.Starting from a clean drawing board, Technical Director Simon Rogers and his design team developed and tested at the Wolfson Unit in Southampton the company’s patented high performance, highly efficient triple-wing rig. The technical team further developed a new diesel electric ship drive system that eliminates CO2…

08 Feb 2021

Peninsula Sets a Record in First LNG Bunker Deal

(Photo: Peninsula)

Marine fuels solutions company Peninsula said its first ever liquefied natural gas (LNG) bunker supply was a record breaker.At the end of January, in partnership with PETRONAS Marine, Peninsula completed its first LNG bunker supply to H-Line Shipping in Malaysian waters, marking the first LNG bunker delivery to the world’s largest LNG-powered bulk carrier, the 180,000 dwt eco-friendly HL Green, on its inaugural voyage. At 2,760 cubic meters it ranks among the largest LNG bunker deliveries performed to date.“Delivery took place safely and was completed within 20 hours…

04 Feb 2021

North P&I Club Names Arklow Shipping's Tyrrell as Chair

James Tyrrell (left), newly-elected as chair of North P&I Club, pictured with Paul Jennings, North chief executive (Photo: North P&I Club)

North P&I Club has elected James Alexander Tyrrell as its new chair of the board, succeeding Pratap Shirke, in a change at the helm of the global marine insurer that also sees Ioanna Procopiou become the Club’s first female vice-chair.Tyrrell, a director of North member Arklow Shipping, takes up the role from February 4, having previously served as vice-chair of the North board. The formal announcement follows full approval by the Prudential Regulation Authority, which supervises around 1…

02 Feb 2021

Pirates Flee After Failed Bulker Hijacking Off Nigeria

© Pedro Amaral / MarineTraffic.com

Eagle Bulk Shipping confirmed reports that one of its bulk carriers was hijacked in the Gulf of Guinea, and said the vessel and crew are safe now that the incident has been resolved. Maritime security groups had reported that the Marshall Islands-flagged Rowayton Eagle was boarded by pirates off the coast of Nigeria, and AIS tracking suggests the vessel had been adrift since January 27."As you may have read in the press, the M/V Rowayton Eagle was hijacked about 240 miles southeast of Lagos (Nigeria).

27 Jan 2021

Biofouling in Niche Areas: Addressing the Blind Spots

Photo courtesy I-Tech

In a recent study that I-Tech conducted with U.K. independent marine coatings consultants, Safinah Group, we estimated that unacceptable levels of hard fouling, predominantly barnacles, across the global commercial could be responsible for at least 110 million tons of excess carbon emissions, with a significant proportion of the fleet suffering from a severe level of hard fouling.It’s a growing risk for owners; in the last few years biofouling has been thrust into the spotlight…

26 Jan 2021

Oldendorff to Trial Folding Rotor Sails for Bulk Carriers

(Image: Oldendorff Carriers)

German shipowner Oldendorff Carriers (OC) said it has signed onto a project to develop and trial a fuel-saving wind-assisted propulsion solution for bulk carriers that will help to reduce vessels' carbon emissions.The joint development project (JDP), which also involves Anemoi Marine Technologies, Lloyd’s Register (LR) and Shanghai Merchant Ship Design and Research Institute (SDARI), is scheduled for completion in 2022 and aims to produce commercial-ready applications across the industry in the short-term.“This JDP…

20 Jan 2021

DESMI's BWMS for Bulkers Gains IMO, US Type Approval

(Photo: DESMI Ocean Guard)

DESMI Ocean Guard A/S said a new configuration of its CompactClean ballast water management system (BWMS) geared specifically for bulk carrier vessels has been approved by both the U.S. Coast Guard and the Danish Maritime Authority.The CompactClean Bulker configuration, an additional product line to the existing CompactClean product lines, is designed for higher flowrates during de-ballast solving one of the main operational issues faced by bulk carriers complying with ballast water regulations…

18 Jan 2021

Chengxi Delivers Self-unloading Transshipment Newbuild to Oldendorff

21,500-DWT transshipment bulker Alypso (Photo: ABB)

China’s Chengxi Shipyard has delivered the first of twin self-unloading transshipment newbuilds for Germany’s largest bulk carrier owner Oldendorff Carriers.Juha Koskela, Division President, ABB Marine & Ports, said the newbuilds are the first bulk carriers to feature Azipod propulsion.The delivery saw two 1.9-MW Azipod units installed on each of the 21,500-DWT transshipment bulkers as part of a package of electric, digital and connected solutions from ABB. The scope of supply also included diesel-electric power plant…

15 Jan 2021

Fuel, Propulsion, Emissions & the Decision to Scrap or Refit

BW LPG – the world’s leading owner and operator of LPG vessels – will retrofit another three MAN B&W 6G60ME-C9.2 type engines to MAN B&W 6G60ME-C9.5-LGIP dual-fuel types, capable of operating on fuel oil and LPG.
Photo: MAN ES

When the maritime history books are written, 2020 will be viewed as a year of pivots, re-invention and new paradigms. By February 2020, concerns about marine fuel’s sulfur content quickly shifted to near-term disruptions induced by the COVID-19 pandemic. By mid-year, with demand recovering, the conversation turned to longer term questions surrounding the moves towards reduced maritime carbon emissions and alternative fuels. How will this all impact the current fleet?Perhaps the most extreme reaction to the shifting landscape is the ongoing “pivot” of Scorpio Bulk (NYSE: SALT)…

08 Jan 2021

Scorpio Bulkers to Change Name to Eneti

(Image: Scorpio Bulkers)

Scorpio Bulkers announced Wednesday that it intends to change its name to Eneti Inc. as the company plans its pivot from dry bulk shipping to offshore wind farm construction and services.The name change, which remains subject to approval at a February 3 shareholders meeting, comes as a growing number of maritime and offshore oil and gas companies target opportunities in renewables.In August, NYSE-listed Scorpio Bulkers announced its intention to transition away from the business…

30 Dec 2020

Video: Interlake Steamship's New Laker Floated Out

(Photo: The Interlake Steamship Company)

The first new U.S.-flagged Great Lakes bulk carrier to be built in more than 35 years was launched at Fincantieri Bay Shipbuilding in Sturgeon Bay, Wis. on December 17.Scheduled for completion in mid-2022, the Interlake Steamship Company's new River-Class, self-unloading bulk carrier Mark W. Barker is believed to be the first ship for U.S. Great Lakes service built on the Great Lakes since 1983.Measuring 639 feet long, 78 feet wide and 45 feet tall, with a deadweight of 28,000 tons…

29 Dec 2020

Ocean Yield's Dry Bulk Vessel La Loirais Sold

Image by - . rainville/MarineTraffic

French shipping firm Louis Dreyfus Armateurs has sold the "La Loirais" bulk-carrier to an unnamed third party. The news of the sale was shared by Ocean Yield.Vessel owner Ocean Yield and Louis Dreyfus Armateurs in 2018 entered a long term charter for the handysize dry bulk vessel that should've kept the vessel busy until March 2030."Louis Dreyfus Armateurs has declared an option to sell La Loirais to an unrelated third party and the transaction was completed today,"Ocean Yield said it would receive proceeds of USD 16.2 million and record a small book profit from the sale.The 39…

24 Dec 2020

Scorpio Sells an Ultramax

© Alexander Gorter / MarineTraffic.com

Scorpio Bulkers has reached a deal to sell another Ultramax bulk carrier, making good on the company's plan to exit dry bulk shipping for a new focus in the offshore wind market.The shipowner said Thursday it has sold the 2016-built SBI Phoebe to an unnamed third-party buyer for approximately $17.65 million. The Liberian-flagged vessel is expected to be delivered to its new owner in the first quarter of 2021.The transaction is the latest in a string of bulk carrier sales since…

21 Dec 2020

Scorpio Bulkers to Exit Dry Bulk Sector in 2021 to Focus on Offshore Wind Vessels

Credit: Scorpio Bulkers

Following a string of bulk carrier vessel sales and a plan to order an offshore wind installation vessel, dry bulk carrier operator Scorpio Bulkers on Sunday said its Board of Directors had authorized the company, as part of its transition to a sustainable future, to sell its remaining dry bulk vessels and exit the dry bulk sector during 2021. "As a result of this decision, the company expects to record a write-down ranging from $475.0 million to $500.0 million on vessels sold and classified as held for sale…

20 Dec 2020

As the Seafarer Crisis Continues, MSC Calls for Bulk Carrier Anastasia Resolution

© lesniewski/AdobeStock

The bulk carrier Anastasia, stuck off the coast of China with crew change request unheeded since mid-2020, has become a rallying point for MSC in urging governments to work together to find a solution.MSC Mediterranean Shipping Company is calling for an urgent crew change solution for the bulk carrier Anastasia, which is stuck off the coast of northern China, and is among dozens of ships in a waiting line near the port of Caofeidian.According to the company, MSC has repeatedly requested that the seafarers onboard should be relieved to return home to their families.

18 Dec 2020

Diana Shipping Sells Panamax Bulker. Nets EGPN Charter for Capesize Unit

Photo by Tony Capa/MarineTraffic.com

Diana Shipping, a dry bulk shipping company, has signed an agreement to sell the 2001-built Panamax dry bulk vessel “Oceanis” to an unnamed buyer. Separately, the company has secured a charter for its Capesize bulk carrier "New York."The company said Friday that the Oceanis vessel would be delivered to the buyer by April 16, 2021, at the latest, for a sale price of US$5.75 million before commissions.Separately, Diana Shipping has entered into a time charter contract with EGPN Bulk Carrier Co., Hong Kong, for one of its Capesize dry bulk vessels, the m/v New York.

18 Dec 2020

Wakashio Owner: Mauritius Disaster Caused by Lack of Safety Awareness

Credit: ohim/AdobeStock

Japan's Nagashiki Shipping said on Friday the grounding of one of its large bulk carriers that caused an ecological disaster in Mauritius was due to a lack of safety awareness and a failure to follow rules as it pledged better training and oversight.The findings were assumptions based on interviews with crew members, the company said.A bulk carrier owned by Nagashiki and chartered by Mitsui OSK ran aground on a reef in Mauritius in July and began leaking oil, causing an ecological disaster in the pristine seas around the Indian Ocean island.

16 Dec 2020

Norsepower Secures Its First Newbuild Order

(Photo: Norsepower)

Wind propulsion systems provider Norsepower said it has secured a contract to install five tilting rotor sails on board a large bulk carrier for an anonymous shipowner, marking the Finnish company's first installation aboard a newbuild vessel. Preparations are currently underway with the installation scheduled to take place in 2021.Norsepower’s fuel-saving rotor sail auxiliary propulsion solution, which can be installed on new vessels or retrofitted on existing ships, is a modernized version of the Flettner rotor…

16 Dec 2020

Eagle Bulk Acquires Secondhand Ultramax

Eagle Bulk Shipping Inc. has purchased a 2015-built bulk carrier for a purchase price of $16 million, the U.S.-based dry bulk owner-operator announced Wednesday.The ship, which will be renamed Oslo Eagle, is a high-specification SDARI-64 scrubber-fitted Ultramax constructed at Chengxi Shipyard Co. Ltd. in 2015. It is expected to be delivered into the Eagle Bulk fleet during the first quarter of 2021.The company’s fleet totals 48 ships, including 21 Ultramaxes acquired over the past few years.

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…

09 Dec 2020

Wallenius Bets on Wind-powered Cargo Ships

(Image: Wallenius Marine)

Two centuries after the first coal-powered steamships crossed the Atlantic Ocean, a Swedish company is designing a futuristic throwback: a huge, wind-driven cargo ship that could help end the fossil fuel era and limit climate change.Shipping accounted for 2.9% of man-made greenhouse gas in 2018, and the industry’s share of planet-heating emissions has been rising in recent years, according to the U.N.’s International Maritime Organization.One solution may be to turn the clock back to pre-industrial times and again hoist sails to carry cargo around the world.Sweden’s Wallenius Marine AB…

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