The Chilean giant state mining company Codelco, Japan’s NYK Bulk & Projects Carriers (NBP), Oshima Shipbuilding and Sumitomo Corporation have signed a Memorandum of Understanding (MoU) design and build an ammonia dual-fuel handymax bulker.
With the Panama Canal implementing sharp cuts in the number of booking slots for transits in the coming months tankers are set to be squeezed out of using the key waterway.
At the beginning of October it was full speed ahead for Greek shipowners renewing their fleets with newbuilding orders up 40 - 50% over the past 12 months.
The Panama Canal announced a series of sharp reductions in booking slots to just 18 daily by February 2024 following the driest month of October in 73 years.
Operations have begun on clearing the queue of over 100 vessels at the St Lawrence Seaway after unions and management reach agreement on a tentative pay deal.