Danish shipowner Norden is continuing on a course to become increasingly asset light selling off four bulkers.
The delivery of fewer newbuildings has led to an aging yet still expanding Greek fleet capacity wise though the number of shipping companies is in steady decline according to a new study of the Greek shipping.
K Line is taking a JPY50bn ($448m) hit on the cancellation of charter contracts for bulkers and containerships.
Oldendorff Carriers has celebrated the delivery of five eco-newbuildings – four of which were handed over to the shipowner on the same day.
Oldendorff has sold three self-unloaders to Algoma for $100.5m effectively exiting the CSL Pool.
Dalian Shipbuilding Industry Co. (DSIC) has inked a contract with China’s leading finance leasing company, AVIC International Leasing, to build ten 85,000 dwt bulk carriers.
Dry bulk vessels fitted with scrubbers will command a significant premium when the 0.5% sulphur cap comes into force on 1 January 2020, believes Maritime Strategies International (MSI) analyst Will Fray.
Scorpio Group’s massive about turn on scrubbers to order 146 exhaust gas cleaning units for its tanker and bulker fleets is a “commercial opportunity to burn cheap fuel”, according to the shipowner’s managing director.
The IMO 2020 clock is ticking - as 1 January 2020 looms closer, now little more than one year away, interest in scrubbers seems to have surged. Most notably, a number of public companies have joined the scrubber fray, leading financial analysts, rather than purely technical types, to look closely at their economics.