Nordic Bulk Carriers News

Pangaea Logistics Solutionsexpanded its order for high ice class post-panamax dry bulk 95,000 dwt. vessels at Guangzhou Shipyard International (GSI) from two to four vessels.The four ships, two for delivery in April and May 2021 and two for delivery in November 2021, will be used to service Pangaea's Arctic customer base. The two added ships, also designed with Ice Class 1A specifications, will cost $37.7 million each.Pangaea also announced a series of committed transactions to finance the ships through a $129.2 million bareboat charter structure. On delivery, each of the ships will be sold to subsidiaries of CSSC Shipping Company Limited, a leading ship leasing company listed on the Hong Kong Exchange.

Pangaea Logistics Solutions, a global provider of comprehensive maritime logistics and transportation solutions, has signed a contract to build two new post-panamax 95,000 dwt ice-class dry bulk vessels at Guangzhou Shipyard International in China to support the new business.Pangaea holds options to build two more vessels at Guangzhou, said a press note from the company.Pangaea has also announced  the expansion of its high ice class fleet niche with a new ten year contract with its customer Baffinland Iron Mines Corporation.Ed Coll, Chief Executive Officer of Pangaea, discussed the contracts with Baffinland and the China State Shipbuilding Corporation-affiliated Guangzhou Shipyard, "We work closely with all of our customers.

Often heralded as new shipping lane, Arctic shipments fall. Western sanctions on Russia are restricting the Arctic shipping route along its north coast to domestic cargoes and energy exports with many foreign firms staying away after test voyages on a fabled short-cut between Europe and Asia. A decline in foreign shipments on the Northern Sea Route (NSR) in 2014, interrupting gains in recent years as ice retreats, dims prospects for a shipping lane that is often seen as a rare positive side-effect of global warming. "We're ending the era of foreign demonstration voyages that were promoted by Russia. Now it seems that reality is kicking in…

For the first time, combustible, fibre-reinforced, lightweight composite has been approved for use in a SOLAS ship. Panama's flag authority has accepted a design where hatches in fibre-reinforced plastic composite replace steel hatches. Research and fire risk analyses at SP have helped in making this possible. Lightweight composites have a number of advantages compared with steel; among others, ships can be made lighter, which reduces fuel consumption and emissions, and there is no corrosion.

Oil and gas—and also mining—are the drivers today propelling Arctic maritime operations and the construction of new vessels able to operate in extreme latitudes. While the gas and oil resources can be recovered in the Arctic or far north and shipped to markets by sea or pipeline, the cost of doing must be balanced upon the global market price for those commodities. Ships and marine structures able to operate in the harsh conditions of the extreme latitudes require special designs and construction techniques.

'Nordic Orion' is taking the Northern Sea Route (NSR) with a full cargo of coal from Vancouver in Canada to Finland. The historic transit is shorter than traditional shipping routes and will not only save time, fuel and CO2, but also increase the load of cargo with 25% compared to the Panama Canal. called North West Passage through Arctic waters to Finland. A Danish pioneer in operating ice-classed bulk carriers Nordic Bulk Carriers A/S is behind the historic North West Journey.

There has been a significant volume of shipbuilding business reported in the week according to Clarkson Hellas. The dry bulk fleet has seen a number of new additions this week. It was reported that SWS signed an additional order with Clients of Thenamaris for 1+1 180,000 DWT Capesize vessels, with the firm vessel lined up for delivery in 2015. Clients of Nordic Bulk Carriers placed an order for two firm 75,000 DWT Ice Class 1A bulk carriers at Oshima for delivery in 2015. Although pricing was not officially revealed, it is believed the contracts will be priced just over USD 30 Mill and include options for additional sister vessels. Oshima Shipbuilding are additionally reported to have signed a single 38,000 DWT bulk carrier for Clients of Ultrabulk with delivery in 2014.

Cargo transport between Asia and Europe on the Northern Sea Route (NSR) has reached the one million tons milestone. The total cargo transported on the NSR is already almost 200 000 tons more than in last year’s season, updated numbers from Rosatomflot show. 35 vessels have transported a total of 1 022 577 tons of different goods between Europe and Asia so far, and the season is not yet over, reports the 'Barents Observer'. In 2011 34 vessels transported a total of 820 789 tons during the five months the route was open. The sailing season can still last another month. In 2011 the last vessel reached the Pacific Ocean on November 18, marking the longest sailing season on the Northern Sea Route ever. Petroleum products constitute the largest cargo group on the NSR in 2012.

The debate regarding working in and around the Arctic is multi-tiered, with environmental, technical and emergency response heading the list. There is no debate regarding the fuel, money and emissions to be saved by shortening select global shipping routes. In a report from Bloomberg news posted June 13 on http://www.businessweek.com, it was said there will be a rise in dry bulk cargos hauled through Arctic waters this season, a journey that can halve shipping time compared to some Suez Canal shipments, and simultaneously reduce fuel consumption, costs and emissions.

Russia to China bulk cargoes shipped by Nordic Bulk Carriers via theNorthern Sea Route may save them $650,000 on fuel According to Bloomberg, cargoes of dry-bulk commodities hauled through Arctic waters are set to rise to a record this year as shipping companies use the route to almost halve journey times compared with Suez Canal shipments. Nordic Bulk Carriers A/S plans to transport about six to eight 70,000 metric-ton shipments of iron ore to China from the Russian port of Murmansk starting in July, according to director Christian Bonfils. Using the so-called Northern Sea Route for the journey instead of the canal saves 1,000 tons of fuel, or $650,000, he told Bloomberg.

As Polar shipping movements increase, Castrol Marine suggests that greater attention should be paid to the environmental credentials of lubricants used on board in applications where there is a risk of leakages and discharges. Growing demand for effective shipping routes and cruises to previously inaccessible destinations has led vessels into increasingly sensitive marine areas. Exemplary is the increasing amount of seaborne traffic beginning to move along the Siberian coast. There are also hopes of opening up more of the North West Passage above Canada. The Northern Sea Route voyage is one-third of the distance of traditional routes through the Suez Canal, bringing with it lower fuel costs.

Denmark has retained its position as one of the world's leading maritime nations, despite the economic crisis. In terms of operated tonnage, Denmark is today the fifth largest maritime nation in the world. In all, Danish shipping companies transport some 10% of the world trade. Henrik Segercrantz reports on Danish maritime issues. Danish shipping is global, with trade within Europe counting for only a quarter of the industry’s total revenues. The primary markets are the US and China, making up more than 15 percent of the revenues. "Here in Denmark the shipping sector is really a success.

Per Sønderstrup, Head of Centre, Danish Maritime Authority is not only dealing with the shipping around Denmark, with some 40,000 ships passing Copenhagen every year, and another 20,000 ships passing the Stora Belt passage in and out from the Baltic Sea. His department also governs shipping activities in a much larger and environmentally more challenging area, Greenland. "We have there a coastline of about 40,000 kilometres and it is a quite different challenge we have out there," he says, referring to shipping safety issues. The number of ships operating in this huge area is small.