Bulker News

The Signal Group offers an exhaustive overview of the trends in the dry bulk and tanker markets that both defined 2021, and offer a glimpse as to what might be in store for 2022 and beyond. The report is excerpted in short below; to see the full report CLICK HERE.Using Signal Ocean data, give the insight to analyze the trends and changes across the major vessel sizes in the dry and tanker freight market for 2021. This time last year, Signal Group analyzed the effects of the coronavirus pandemic on commercial shipping with a focus on dirty tankers - VLCC…

Classification society ClassNK has granted an Approval in Principle (AiP) based on its Rule Part GF to Tsuneishi Shipbuilding for its concept design of an LNG-fueled bulker “KAMSARMAX GF”.ClasNK granted the AiP based on its Rule Part GF (regulation for ships using low-flashpoint fuels) incorporating “International Code of Safety for Ships using Gases or other Low-flashpoint Fuels (IGF Code)."As more environmental technologies have been developed to realize a low-carbon and decarbonized society in the maritime industry…

Danish dry bulk specialist Clipper Bulk announced that it would acquire the Bulkhandling shipping pool of Supramax and Ultramax vessels, from Norwegian shipowner Klaveness.The Bulkhandling pool dates back to 1963 and was the first pool operated in shipping.All current members of the Bulkhandling pool have been offered to join the new Clipper Bulkhandling pool, and the new pool management will jointly with the members agree on a strategy for further growth and expansion. Following this, Clipper Bulk will manage one of the leading pools for supramax and ultramax dry bulk tonnage in the world. Lasse Kristoffersen, CEO Torvald Klaveness said:  “The Bulkhandling pool is seen as market leading and have significant potential for growth.

Japanese shipbuilder Kawasaki Heavy Industries (KHI) has delivered the bulk carrier Market Cooper to an unnamed shipowner.The 61,000DWT vessel was built jointly by Kawasaki and China COSCO Shipping Corporation at Nantong COSCO KHI Ship Engineering (NACKS) which is located in Nantong City, China.Market Cooper has a flush deck with a forecastle and five holds that are designed for optimum transport of grains, coal, ores and steel products, said the company.Four 30-ton deck cranes are installed along the center in between the hatch covers to enable cargo loading and unloading in ports that lack cargo handling facilities.The vessel employs various technologies to achieve maximum fuel economy…

Norwegian shipowner and operator 2020 Bulkers has taken delivery of Bulk Shenzhen, the fifth of eight 208,000 dwt Newcastlemax newbuilds.One further vessel is expected to be delivered in January 2020, and the remaining two vessels are expected to be delivered by May 2020.The vessel will on January 9, 2020, commence a 11-13 month index-linked time charter with ST Shipping, a 100% owned subsidiary of Glencore. The index-linked rate reflects a significant premium to a standard Capesize as a function of higher cargo intake and lower fuel consumption.The vessel will also earn an additional premium related to the fuel cost saving from the scrubber.2020 Bulkers has five vessels in operation and three Newcastlemax drybulk vessels under construction at New Times Shipyard in China.

Diana Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement (MoA) to sell the 2005-built vessel Calipso to an unaffiliated third party.According to the global shipping company specializing in the ownership of dry bulk vessels, the vessel, which is sold for a sale price of US$7.275 million before commissions, is scheduled to be delivered to the unnamed buyer by the end of January.The Greek dry bulk owner has been selling its panamaxes for the last year and Calipso is the nineth in the row.Upon completion of the aforementioned sale, Diana Shipping Inc.’s fleet will consist of 41 dry bulk vessels (4 Newcastlemax…

New Dayang Shipbuilding, a unit of China's SUMEC Marine Company Ltd and the international accredited registrar and classification society DNV GL have agreed on a Joint Development Project (JDP) to update the Crown 63.5k Bulk Carrier design.The agreement, as part of the strategic cooperation agreement signed between SUMEC Marine Company  and DNV GL last year, was signed at the Nor-Shipping trade fair in Oslo.The JDP will include the application of the new harmonized common structural rules (HCSR) to the design, as well as a focus on improving the energy efficiency of the design, particularly in the ship board machinery and electrical systems.Additionally…

Diana Shipping has entered into a time charter contract with the Singapore-based provider of shipping transportation services Koch Shipping, for one of its Capesize dry bulk vessels, the m/v Baltimore.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$15,000 per day, minus a 5% commission paid to third parties, for a period of about 19 months to about 22 months. The charter commenced on May 19, 2019.The “Baltimore” is a 177,243 dwt Capesize dry bulk vessel built in 2005.This employment is anticipated to generate approximately US$8.33 million of gross revenue for the minimum scheduled period of the time charter.Upon completion of the previously announced sale of one Panamax dry bulk vessel…

Bank syndicate led by DVB Bank SE completed a $175 million financing of a 34 Bulk Carrier portfolio for Polsteam Group.Polska Żegluga Morska known as Polsteam or PŻM, is a cargo ship operator based in Szczecin, Poland. It has one of the largest route networks in the world, offering services to around 60 countries.The syndicate consisted of DVB Bank, CIT Group, Société Générale, BNP Paribas, Siemens Bank, Crédit Agricole Corporate & Investment Bank and Crédit Agricole Bank Polsk.No further details on the transaction have been revealed.DVB Bank SE, headquartered in Frankfurt/Main, Germany, specialises on the international Transport Finance business.