Chinese lithium battery producer Huizhou EVE Energy is undertaking the joint development of a fleet electric-powered bulk carriers with Shanghai Hanshun Shipping.

Algoma Shipping, subsidiary of Algoma Central Corporation, sealed a deal to acquire the 40% interest held by Oldendorff Carriers in the CSL International Pool plus three Oldendorff-owned vessels operating in the pool.

When it comes to Asia and ship management the cities of Hong Kong or Singapore are most likely to spring to mind, not Bangkok. However, the Thai capital is home to Highland Maritime, which since 2010 has been growing itself a nice little business of technical management and full Thai crew.

Oldendorff Carriers is making the switch to LED lights on board all the vessels on its fleet, which are up to 80% more efficient.

Global logistics solutions provider, Pangaea Logistics Solutions, inked contract with Chinese shipbuilder Guangzhou Shipyard International (GSI) to build two post-panamax 95,000 dwt dry bulk carriers plus options for two more vessels.

Following the newbuilding contract for ten Newcastlemax bulkers signed earlier this month, Cosco Shipping Bulk ordered three more from CSIC Qingdao Beihai Shipbuilding Heavy Industry.

More than half the 188 lives lost in bulk carrier losses in the last decade were in incidents that involved cargo liquefaction.

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.

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