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Study Highlights Need to Reconsider Fixed Sea-Margin for Gate Rudder Concept
A study published by Norbert Bulten, Product Performance Manager at Wärtsilä, has demonstrated that “there is more in life than the straight-sailing, calm water condition.”The research was carried out within the EU-funded CHEK project and involved full-scale CFD simulations that focused on the impact of rudder steering and vessel motion.The study compared a gate rudder concept to a conventional semi-spade rudder for a Kamsarmax bulker.Typically…
Castor Maritime Adds 2020-built Bulk Carrier
Castor Maritime announced that on October 9, 2024, it took delivery of the M/V Magic Ariel, the 2020-built Kamsarmax bulk carrier vessel it had agreed to acquire as previously announced on September 30, 2024.The vessel acquisition was financed in its entirety with cash on hand.The Magic Ariel will be employed under a time charter contract with a minimum duration of about seven months at a gross daily rate equal to 108% of the Baltic Panamax Index 5TC (BPI5TC).
G E Shipping Delivers Product Tanker to Buyer
The Great Eastern Shipping Company Limited (G E Shipping) delivered its 2004 built Medium Range Product Tanker Jag Pranam to the buyers. The vessel was contracted for sale in May 2024.
Diana Charters Kamsarmax Bulker to Paralos
Greek dry bulk shipowner Diana Shipping on Tuesday announced it has entered into a time charter contract with operator Paralos Shipping for one of its 2013-built Kamsarmax bulk carriers.The charter of the 81,513 dwt Astarte is expected to commence on August 18 and run through a minimum of July 15, 2025 up to maximum of September 15, 2025.
Africa’s Mining Industry Providing Opportunities for Bulk Shipping
Speaking at this year’s Drycon conference in Mumbai, Captain Pappu Sastry, CEO of Adhira Shipping and Logistics (ASL), said that Africa’s mining sector is entering a golden age where opportunities are open to investors, shipping lines and logistics companies.Africa is a continent of more than 1.4 billion people, with a mining sector that is growing rapidly and investment opportunities across the continent, said Sastry.
Kongsberg Maritime Unveils Fuel Efficient Bulker Design
Kongsberg Maritime has unveiled a new 'Super-Efficient Bulker' vessel design concept.Designed with Deltamarin, the vessel promises fuel cost savings between 40-50% depending on the operational profile.Kongsberg Maritime selected a Kamsarmax bulker of 82,000 DWT, a common vessel size globally, as the basis for the new design. The Kamsarmax represents a versatile choice as this vessel type often faces restrictions with the global availability of low-carbon fuels…
Star Bulk Completes Eagle Bulk Acquisition
Star Bulk Carriers Corp. on Tuesday announced that it has completed its merger with fellow dry bulk shipping company Eagle Bulk Shipping Inc.Eagle Bulk shareholders this week voted to approve the $2.1 billion deal, which was first announced in December 2023.Under the terms of the merger agreement, each Eagle shareholder received 2.6211 shares of Star Bulk common stock for each share of Eagle common stock owned.
Groke to Deliver Situational Awareness Tech for Ships with BARTech WindWings
Finland-headquartered maritime tech company Groke Technologies (Groke) is working with BAR Technolgoes (BARTech) design and develop of situational awareness systems for the U.K. marine engineering consultancy’s WindWings wind propulsion technology.The companies have signed a partnership agreement following the debut installation of two 37.5 m (123 ft) tall WindWings sails on board MC Shipping-owned and Cargill-operated Kamsarmax bulker Pyxis Ocean.
Diana Shipping Orders Two Methanol Dual-fuel Bulkers
Greek shipowner Diana Shipping on Wednesday announced it has placed an order for two new methanol dual-fuel Kamsarmax bulk carriers from China's Tsuneishi Group (Zhoushan) Shipbuilding Inc.The 81,200 dwt newbuilds were ordered at a purchase price of $46 million each, Diana said. The vessels are expected to be delivered by the second half of 2027 and the first half of 2028, respectively.Diana in September…
Safe Bulkers Sells 2005-built Panamax
Dry bulk shipowner Safe Bulkers announced Monday it has has reached a deal to sell the oldest vessel in its fleet to an undisclosed buyer.The ship is the Maritsa, a 76,000 dwt Panamax bulk carrier built in Japan in 2005. The vessel was sold at a gross sale price of $12.2 million and a forward delivery date from April 2024 to May 2024, New York-listed Safe Bulkers said.Dr. Loukas Barmparis, president of Safe Bulkers…
Diana Shipping Sells Its Oldest Vessel
Diana Shipping on Tuesday announced it has reached a deal to sell its oldest vessel, an 18-year-old panamax bulk carrier.The Greek shipowner said it has reached a memorandum of agreement through one of its subsidiaries to sell the 76,942 dwt vessel Artemis to an undisclosed third-party buyer for $12.99 million. The ship is slated to be delivered to its new owner by March 8 at the latest.Artemis was built in 2006 by Japan's Namura Shipbuilding Co., Ltd.
DNV, SDTR Marine to Explore CCS for Kamsarmax Bulker
Classification society DNV has entered into a joint development project (JDP) with Singapore-based shipping company SDTR Marine to cooperate on a carbon capture and storage (CCS) feasibility study for the latter’s 85,000 dwt Kamsarmax bulk carrier.As part of the JDP, DNV and SDTR Marine will collaborate on a techno-economic analysis of CCS implementation aboard the bulk carriers. Utilizing DNV's FuelPath…
Diana Shipping Announces Continuation of Time Charter for Amphitrite
Diana Shipping, a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Cobelfret S.A., Luxembourg, for one of its Post-Panamax dry bulk vessels, the Amphitrite.The gross charter rate is $12,250 per day for the first 30 days of the charter period and $15…
Diana Shipping Announces Time Charter with K Line
Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Kawasaki Kisen Kaisha (K Line) for one of its Capesize dry bulk vessels, the New Orleans.The gross charter rate is US$20,000 per day, minus a 5% commission paid to third parties, for a period until minimum August 15, 2025 up to maximum October 31, 2025. The charter is expected to commence on December 7…
Wind-assisted Propulsion for World's Largest Ore Carrier
Brazilian mining firm Vale will install five Rotor Sails from Anemoi Marine Technologies Ltd (“Anemoi”), a supplier of wind-assisted propulsion technology for commercial vessels, onboard a 400,000 dwt Valemax, the world’s largest ore carrier. The vessel is owned by Omani shipowner, Asyad.Five 35-meter-tall, 5-meter-diameter cylindrical sails will be installed on the Sohar Max VLOC. The Rotor Sails will be installed on Anemoi’s folding deployment system…
Decarbonizing Shipping: DNV, AL Team Up for Onboard CCS Study
Classification society DNV has entered into a Joint Development Project (JDP) with AL Group and its Singapore company Asiatic Lloyd Maritime LLP to explore the feasibility of carbon capture and storage (CCS) on board AL’s 7,100TEU containership and Kamsarmax bulk carrier newbuildings.Under the JDP, DNV will cooperate with AL on a techno-economic study of CCS on board the vessels using DNV's FuelPath to assess the economic potential of the different fuel and technology strategies.
Diana Inks LOI to Order Methanol Dual-fuel Bulkers
Dry bulk shipowner Diana Shipping announced it has signed a letter of intent (LOI) to order through Marubeni Corporation or its guaranteed nominee, an unaffiliated third party, two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels, for a purchase price of $46 million each, built at Tsuneishi Group (Zhoushan) Shipbuilding Inc., China.The vessels are expected to be delivered by the second half of 2027 and the first half of 2028 respectively.
Kamsarmax Rotor Sails Install Expected to Deliver 10% Fuel Savings
The installation of rotor sails on board a 82,000 dwt Kamsarmax bulk carrier is expected to generate a 10% reduction in fuel burn and emissions.The TR Lady was retrofitted with three 5×24m rotor sails from Anemoi Marine Technologies at China's Chengxi Shipyard in June 2023. The ship is owned by TR Lady Shipping, a portfolio company of Tufton Investment Management, and is on a time charter with Cargill.The technology was installed on Anemoi’s patented transverse rail deployment system…
United Maritime Sells Its Last Tanker, Buys a Bulk Carrier
Greek shipping company United Maritime Corporation announced it has entered into an agreement with an unaffiliated third party for the sale of its remaining LR2 tanker vessel, the 2008-built Epanastasea. The vessel is scheduled to be delivered to its new owner by mid-August 2023. The vessel’s gross sale price is $37.5 million, and the transaction is subject to customary closing procedures.In addition…
J. Lauritzen Orders Third Methanol Dual-fuel Bulk Carrier
Danish investment company J. Lauritzen announced it has ordered a third methanol dual-fuel bulk carrier from Japan's Tsuneishi Shipbuilding in an expansion of its partnership with U.S. agribusiness giant Cargill.The vessel will be a sister ship to the two 81,200 dwt Kamsarmax bulkers ordered by J. Lauritzen in April.The ships will be fully owned by Lauritzen NexGen Shipping and be operated by Cargill…
