Topic
bulk-carrier
Logistics Seanergy linked to fresh newcastlemax at Hengli as dry bulk orderbook grows
Seanergy Maritime has been linked to a 211,000 dwt newcastlemax newbuilding at Hengli Heavy Industries for delivery in 2029, according to Splash247. The order, if confirmed, would expand Seanergy's dry bulk newbuilding programme from seven to eight vessels, with the broader fleet renewal slate reaching nine ships. Seanergy has already secured charters for three 2027-dated capesizes at floor rates averaging about $23,100 per day.
Logistics Four-Year-Old Capesize Fetches $78m in Rare Doun Kisen Sale
Doun Kisen has sold the 2022-built capesize bulk carrier Princess Eternity for around $78m, marking its first capesize sale in a year. The deal comes as average capesize spot earnings jumped just under 40% week on week to about $46,000 per day, according to Splash247.
Logistics Zodiac Maritime lands record price in first capesize sale of the year
According to Splash247, Zodiac Maritime completed its first capesize sale of the year, selling the scrubber-fitted 180,300 dwt Cape Condor for a record $39m. The price far exceeds VesselsValue's $33.73m valuation and Star Asia's ~$35m quote, underscoring aggressive buyer demand for Japanese-built vintage tonnage.
Trade Singaporean Charged Over Sanctioned North Korean Bulker Petrel 8 Flag Registration
David Chong Kwok Yong, 49, has been charged in Singapore with abetting Niue Ship Registry in registering the UN-designated bulk carrier Petrel 8 under a foreign flag. Singapore's Commercial Affairs Department alleges the registration occurred between May 18 and August 18, 2022, despite grounds to believe the vessel was linked to prohibited North Korean cargoes.
Logistics Pelagic Credit Completes $47.4m Sale-and-Leaseback of Three Hartmann Handysize Bulkers
Oslo-listed Pelagic Credit has closed a $47.4 million sale-and-leaseback transaction for three Hartmann-controlled handysize bulkers, marking its entry into the dry bulk sector. The vessels will be chartered back to Hartmann on seven-year bareboat contracts, adding over $107 million to Pelagic Credit's backlog.
Logistics Diana Shipping secures 65% rate increase for newcastlemax Philadelphia in fixture with Classic Maritime
New York-listed Diana Shipping has secured a 65% rate increase for its 206,040 dwt newcastlemax Philadelphia, fixing it with Classic Maritime at $35,500 per day from August 8. The charter runs until at least March 10, 2027, and is expected to generate about $7.46m in gross revenue over the minimum period. This marks a return to Classic Maritime for the vessel, which was previously chartered by them in 2021 at $28,500/day.
Logistics Irish Authorities Sell Cocaine Bulker for $1; Vessel Heads to Bulgaria for Grain Trade Refit
Irish authorities sold the cocaine-laden bulker Matthew for $1 after spending €17m on maintenance. The Panama-flagged supramax, seized in Sept 2023, is now under tow to Varna, Bulgaria, where it will be refitted and likely return to commercial service carrying grain in the Black Sea, according to Splash247 and RTÉ.
Logistics KC Maritime Returns to China for Ultramax Pair at Jiangsu Soho Chuangke Shipbuilding
Hong Kong-based bulker owner KC Maritime has ordered two 63,500 dwt ultramax vessels from Jiangsu Soho Chuangke Shipbuilding, marking its return to the newbuilding market since 2022. No price or delivery dates have been disclosed. The company currently operates four kamsarmaxes and eight ultramax/supramax vessels.
Logistics Diana Shipping Secures Improved Kamsarmax Charter at $16,850 per Day for Medusa Bulker
Diana Shipping has fixed its kamsarmax bulker Medusa to Aquavita International at a gross rate of $16,850 per day, a 29.6% increase over its previous charter with Cargill. The deal runs from July 10 to at least October 5, 2027, and builds on Diana's improving forward cover.
Logistics Castor Maritime Adds 2023-Built Kamsarmax Seacon Hamburg for $37.5M in Notable Deal
Cyprus-based Castor Maritime has added the 2023-built kamsarmax Seacon Hamburg to its fleet for $37.5 million. The 85,505 dwt bulker, built at CSSC-affiliated Huangpu Wenchong Shipbuilding, will become the youngest in Castor's fleet of 10 ships. The deal stands out amid cautious bidding from Greek institutional buyers.
Logistics Castor Maritime Returns to Bulker Buying with $37.5m Deal for Modern Eco Kamsarmax
Cyprus-based Castor Maritime has agreed to purchase a 2023-built eco kamsarmax bulker for $37.5m, according to Splash247. The unnamed vessel will become the youngest in the fleet, which will grow to 10 ships. The deal underscores Castor's ongoing fleet modernization and diversification, following earlier acquisitions and a stake in asset manager MPC Münchmeyer Petersen Capital.
Logistics Greek Capesize Owner NGM Flips Vintage Bulker for $17.4M in Firm Market
Greek capesize owner NGM sold the 2003-built vessel Charm to Chinese interests for around $17.4 million, more than $7 million above its purchase price in 2020. The sale is part of an accelerating shake-out of Greek capesize owners cashing in on historically firm asset values. Several other vintage capesize bulkers have changed hands recently.