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Jinhui Shipping and Transportation has booked three new ultramax bulk carriers at a Chinese yard, marking its latest step in a fleet renewal drive. The Oslo-listed owner has committed $99.15m at Jiangmen Nanyang Ship Engineering for 64,500 dwt vessels due for delivery in the first quarter of 2028. The move follows a string of disposals …
https://splash247.com/jinhui-returns-to-newbuild-market-with-99m-ultramax-trio/
https://splash247.com/jinhui-returns-to-newbuild-market-with-99m-ultramax-trio/Greek bulker owners Seanergy Maritime and United Maritime have completed sales of aging capesize vessels, banking profits and cutting fleet exposure to older tonnage. Seanergy confirmed the sale of the 2010-built Geniuship to an undisclosed buyer for $21.6m. The 170,057 dwt vessel, acquired in 2015, was handed over in September. The transaction is expected to …
https://splash247.com/seanergy-and-united-maritime-cash-in-on-vintage-capes/
https://splash247.com/seanergy-and-united-maritime-cash-in-on-vintage-capes/Greek containership owner Danaos has confirmed boosting its orderbook with two more 7,165 teu vessels and locked in $304m of fresh charter income. The Nasdaq-listed company said about $164m stems from forward fixtures on four existing ships, with another $140m tied to the newbuildings, each covered by five-year charters. The fresh orders were placed at …
https://splash247.com/danaos-lifts-newbuild-pipeline-and-seals-304m-in-charters/
https://splash247.com/danaos-lifts-newbuild-pipeline-and-seals-304m-in-charters/Greek dry bulk owner Diana Shipping has lifted its holding in New York-listed peer Genco Shipping & Trading to nearly 15%, becoming the company’s largest known shareholder. Regulatory filings show the Semiramis Paliou-led owner spent about $103.5m between late April and the end of September to buy 6.41m Genco shares, giving it a 14.93% stake. …
https://splash247.com/diana-shipping-doubles-down-on-genco-stake-with-103m-outlay/
https://splash247.com/diana-shipping-doubles-down-on-genco-stake-with-103m-outlay/Iron ore futures prices fell on Tuesday, pressured by weak China manufacturing data, but logged solid quarterly gains as robust export-driven rallies in July and August outweighed recent declines. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.64% lower at 780.5 yuan ($109.58) a metric ton. The contract ...
https://www.hellenicshippingnews.com/iron-ore-futures-fall-on-weak-china-data-but-log-quarterly-gains/China’s state iron ore buyer has asked the country’s steelmakers and traders to pause purchases of dollar-denominated seaborne iron ore cargoes from BHP BHP during its annual price negotiations, Bloomberg News reported on Tuesday, citing people familiar with the matter. China, the world’s largest iron ore consumer, buys about 75% of global seaborne iron ore ...
https://www.hellenicshippingnews.com/china-calls-halt-to-bhp-iron-ore-cargoes-during-pricing-talks/
https://www.hellenicshippingnews.com/china-calls-halt-to-bhp-iron-ore-cargoes-during-pricing-talks/The Baltic Exchange’s dry bulk sea freight index fell to a more than two-week low on Tuesday as vessel rates declined across the board, even as the index marked a second consecutive quarterly gain. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 86 points to 2,134 points, its ...
https://www.hellenicshippingnews.com/baltic-index-hits-over-two-week-low-but-posts-quarterly-gain/
https://www.hellenicshippingnews.com/baltic-index-hits-over-two-week-low-but-posts-quarterly-gain/Erasmus Shipinvest Group is continuing its buying spree, with new moves in the container segment. Brokers link the Athens-based owner to the 1,050 teu Asiatic Sun (built 2008), which is reportedly being sold to the John Su-led firm on private terms. If confirmed, it would be the company’s fifth feeder acquisition in under a year, …
https://splash247.com/busy-erasmus-buys-feeder-boxship/
https://splash247.com/busy-erasmus-buys-feeder-boxship/Danish shipowner and operator Norden has confirmed the disposal of a panamax bulker, extending a busy run in the sale-and-purchase market this year. The Copenhagen-listed company said it exercised a purchase option on the leased vessel and subsequently sold it on. Norden did not disclose details of the ship or the buyer. The move is …
https://splash247.com/norden-flips-leased-panamax-in-latest-sp-move/
https://splash247.com/norden-flips-leased-panamax-in-latest-sp-move/Norway’s AF Gruppen has, through its subsidiary AF Offshore Decom, and in a joint venture with Three60 Energy, been awarded a contract with supermajor BP to provide decommissioning services for the Andrew field in the North Sea. This contract will see the joint venture assume the role of decommissioning services partner for the field, located on …
https://splash247.com/bp-awards-andrew-field-decom-gig-to-af-gruppen-led-joint-venture/
https://splash247.com/bp-awards-andrew-field-decom-gig-to-af-gruppen-led-joint-venture/