Topic
Bulk Carriers
Logistics Veritas Shipmanagement books fresh ultramax pair at COSCO yard, Splash247 reports
Veritas Shipmanagement has ordered two 64,000 dwt ultramax bulk carriers at COSCO Shipping Heavy Industry in Zhoushan, with delivery scheduled for 2030. The order extends a relationship that began in 2023 with four 63,600 dwt vessels. No contract price has been disclosed; Xclusiv assesses standard Chinese-built ultramax newbuildings at around $36m each.
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 Strait of Hormuz shipping traffic slightly rises amid Iran-Oman talks
Visible commodity vessel transits through the Strait of Hormuz rose to 10 on Wednesday from eight on Tuesday, according to Kpler data reported by Reuters, but remained below the 10-day average of about 15 vessels. Iran and Oman are still working on agreement details, while traffic at the Bab el-Mandeb strait slowed for a second day to 19 vessels.
Logistics Shanghai-listed Ningbo Marine approves five-ship bulker newbuilding programme
Ningbo Marine has approved five bulk carrier newbuildings in China, adding 342,000 dwt to its orderbook. The programme spans four 65,000 dwt domestic-market ships and one 82,000 dwt kamsarmax for international trades. The expansion builds on a 2024 order for four ultramaxes and lifts the company's newbuild pipeline to nine vessels and 598,000 dwt.
Logistics Diana Shipping Sells 1.2M Genco Shares for $32M After Abandoning Takeover
According to Splash247, Diana Shipping sold 1.2 million Genco shares for about $32 million after aborting its nine-month takeover attempt. The sale reduces Diana's stake from 14.4% to 11.62%, with the remaining holding worth roughly $135 million. Genco now owns 44 bulkers, while Diana operates 36 bulkers and has two methanol dual-fuel newbuildings on order.
Logistics Diana Shipping rolls panamax bulker Leto into stronger Cargill fixture at $18,000 per day
Diana Shipping secured a 41% rate increase for the panamax Leto, fixing the 81,297 dwt bulker to Cargill at $18,000 per day from September 10. The charter runs until at least September 1, 2027, and a minimum extension will generate about $6.34m in gross revenue.
Logistics Panama Canal Rations Capacity, Trims Draft as Red Dots Warn of El Niño Drought
The Panama Canal is rationing daily booking capacity and cutting maximum neopanamax draft ahead of an expected El Niño-driven drought, with Gatun Lake levels projected to keep falling through October. MSC introduced a $100 per TEU surcharge on Asia–US East/Gulf coast cargo, while CMA CGM raised canal-related charges, according to Splash247.
Logistics Seafarer Killed in Latest Strait of Hormuz Strike as Iran Claims Detention of UAE Tanker
A seafarer was killed in the latest attack on merchant shipping in the Strait of Hormuz, and Iran is claiming to have detained a UAE-owned tanker for failing to comply with its new transit regime, according to Splash247. The 76,801 dwt bulker Minoan Dignity was struck off Oman, while the 60-day US-Iran memorandum has expired without a diplomatic breakthrough.
Logistics Marine Solver CEO: Undiscovered Voyage Alternatives Are Shipping's Hidden Cost
Marine Solver CEO Natalia Liashenko argues that the biggest cost in commercial fleet planning is the voyage alternative that is never calculated. She identifies four hidden cost types — undiscovered opportunity cost, time-to-decision cost, path-dependency cost and the optimisation ceiling — and explains how decision optimisation technology can surface better options before market conditions change.
Logistics Diana Shipping withdraws Genco takeover after board rejects terms
Greece's Diana Shipping has withdrawn its takeover offer for Genco Shipping & Trading after the US bulker's board set terms Diana valued at about $36.91 per share, ending a nine-month battle. Diana's CEO called the demands "outrageous," but the company remains Genco's largest shareholder with more than 14% of stock.
Logistics Amoysailing Orders Four Kamsarmaxes, Handing Jiangsu Watts Energy First Newbuilds
Xiamen-based Amoysailing Maritime has placed its first newbuilding order at Jiangsu Watts Energy & Engineering, signing for four 82,000 dwt kamsarmaxes for 2028 delivery. The deal adds 328,000 dwt to the owner's newbuild programme, which also includes two 63,500 dwt ultramaxes at Jiangsu Haitong. Watts Energy, previously focused on repairs and marine energy equipment, enters shipbuilding with its first such contract.
Logistics China's VLOC conveyor belt threatens to dilute Simandou cape upside
Broker SSY reports that VLOCs of more than 220,000 dwt carried nearly half of Simandou's iron ore shipments in H1 2026, while Chinese tonnage accounts for nearly 40% of the VLOC orderbook. According to Splash247, the emerging conveyor-belt structure — led by Winning International and China Merchants Energy Shipping — may keep Simandou hugely positive for overall tonne-miles but less spectacular for independent capesize owners.
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 Chrome Ore Emerges as Dry Bulk's Biggest Grower in 2026
Chrome ore has become dry bulk's fastest-growing trade in 2026, with seaborne volumes up 44% in the first half as South Africa's ferrochrome smelters shut down. China's imports rose 41.5% to 14.05m tonnes, while inventories exceeded 5m tonnes, signalling oversupply.
Logistics Baltic Exchange appoints Marcura executive Sigrid Teig as deputy CEO
The Baltic Exchange has appointed Sigrid Teig, formerly of Marcura and Western Bulk, as deputy chief executive. The move comes during a leadership transition at the SGX-owned freight market benchmark provider, with CEO Mark Jackson taking on a broader strategic remit.
Logistics Great Eastern Shipping lines up fourth kamsarmax as fleet renewal push continues
Great Eastern Shipping has agreed to acquire a fourth kamsarmax bulker in just over a year — an unnamed 2015-built 81,886 dwt vessel scheduled for delivery between October and December. The Mumbai-listed owner is funding the purchase entirely from internal cash and has been selling older panamax, VLGC and tanker tonnage. Great Eastern now controls 40 ships totalling 3.24m dwt, according to Splash247.
Logistics Star Bulk walks away from $470.5m Genco fleet deal
Star Bulk Carriers has terminated its $470.5m agreement to acquire 16 Genco Shipping & Trading bulkers from Diana Shipping, according to Splash247. The move removes a key fleet component from Diana's takeover bid, though Diana said its offer and $1.411bn financing remain unaffected.
Logistics Western Bulk CEO Torbjorn Gjervik on Dry Bulk Freight, Grain Flows and Splash Singapore
Western Bulk CEO Torbjorn Gjervik says Atlantic tonnage is tight just as ECSA and USG grain volumes load, while a growing orderbook and uncertain Chinese demand darken the longer-term view. He will discuss the dry bulk outlook at the inaugural Splash Singapore conference on September 24, where he also expects smaller digital efficiency gains rather than one dramatic breakthrough.
Uni-Asia orders second Japanese handysize bulker from Imabari, doubling newbuild programme
Singapore-listed Uni-Asia Group has ordered a second 40,000 dwt handysize bulk carrier from Imabari Shipbuilding in Japan, doubling its handysize newbuild programme. The vessel, contracted through Nihon Shipyard and an affiliate, is scheduled for delivery between Q4 2029 and H1 2030, featuring a fuel-efficient dual-fuel-ready design.
Logistics China's coal buildout offers fresh ballast for dry bulk shipping
China's coal-fired power buildout is underpinning dry bulk shipping demand, with thermal coal burn at record highs and import prospects bullish, according to Commodore Research and other analysts. Despite a 1.4% dip in combined domestic coal production and imports, new plant construction and energy security priorities keep coal central to China's power strategy.
Logistics Castor Maritime Shifts Kamsarmax into Fearnley-Backed JV, Banks $18.75m
Castor Maritime has delivered its 2015-built kamsarmax Magic Starlight into a joint venture arranged by Fearnley Securities, taking $18.75m in cash and keeping a 30% stake. The deal closed this month with an $11.5m sustainability-linked loan. Castor expects a $2.9m Q3 net gain and now operates a fleet of 11 vessels.
Logistics Diana Shipping locks in 18% rate gain for capesize Florida in new NYK charter
Diana Shipping has chartered its 2022-built capesize Florida to Japan's NYK at $30,500 per day, an 18% increase over its current Bunge rate. The fixture follows a 65% rate gain for the Philadelphia, while Diana's takeover proposal for Genco Shipping & Trading remains under board review.
Logistics Yangzijiang Maritime bulker quartet lifts contracted vessel sales to $500m
Yangzijiang Maritime Development agreed to sell four newbuild bulkers, lifting contracted vessel sales to $500m across 12 ships in nine months. The 40,000 dwt quartet is due between April 2027 and May 2028; buyer and price were not disclosed. The deal follows two MR tanker disposal rounds and adds to revenue expected across 2026-2028.
Logistics German Bulker Hit Repeatedly in Russian Drone Attack Off Odesa
A German-owned bulk carrier was hit repeatedly by Russian drones off Odesa on August 5, leaving it disabled and on fire, according to Splash247. A second vessel carrying Ukrainian wheat was also struck, with one seafarer killed. The UK added six vessels and an India-based ship manager to its Russia sanctions list.
Logistics Shipowners shouldn't assume today's strong recycling market will last, Wirana warns
Limited demolition supply and intense buyer competition have made ship recycling a seller's market, but Wirana Shipping warns owners not to assume it will last. Strong freight markets are keeping older vessels trading, while Red Sea reopening or easing Iran sanctions could flip the balance.
Logistics Goldenport doubles ultramax newbuild order at Nantong Xiangyu to four ships
Greek owner Goldenport Shipmanagement has doubled its ultramax newbuilding programme at China's Nantong Xiangyu Shipbuilding & Offshore Engineering, adding two 63,500 dwt bulkers for 2029 delivery. The four-ship programme would be worth about $140m if the latest pair repeats the reported $35m price of the June order. Goldenport also has three 1,800 teu feeder containerships on order at China Merchants' Qingshan Shipyard for 2027-2028 delivery.
Logistics Third engineer missing after Greek bulker Minoan Pioneer struck in Strait of Hormuz
Greek-operated bulk carrier Minoan Pioneer was struck by an unidentified projectile in the Strait of Hormuz on Monday, leaving its third engineer missing and the vessel without power, according to Splash247 and Vanguard Tech. The attack is the fourth maritime security incident near Oman's Musandam Peninsula in five days, and UKMTO confirmed the vessel had been struck by an unknown projectile. Military authorities are investigating and no group has claimed responsibility.
Logistics DryDel fixes all four capesize newbuilds to K Line on five-year charters
Greek owner DryDel Shipping has secured five-year time charters with Japan's K Line for all four of its 182,000 dwt capesize newbuildings at Namura Shipbuilding. Two vessels are due in 2028 and two in 2029, with hybrid charter structures combining a guaranteed earnings floor and market upside.
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.
Logistics Costamare Bulkers Offloads Oldest Ship as Fleet Renewal Drive Continues
Costamare Bulkers has agreed to sell its oldest vessel, the 2009-built supramax Bermondi, for around $15.3m, according to Splash247. The disposal will leave the company with 29 owned bulkers totalling just over 2.6m dwt. It follows the earlier sale of two other vessels and the addition of a 2018-built ultramax as part of a fleet renewal drive.
Logistics Himalaya Shipping switches two newcastlemax bulkers to fixed hire at $51,200 per day
Himalaya Shipping has switched two newcastlemax bulkers from index-linked charters to fixed-rate agreements averaging $51,200 per day for five months. The cover, running from August 1 to end-2026, is worth about $15.7m in gross hire, according to Splash247. The move follows earlier conversions of two ships at $38,700/day and four ships at $56,500/day.
Logistics Aspo Charts Standalone Future for ESL Shipping with Partial Demerger Plan
Aspo's partial demerger will transfer its 78.6% stake in ESL Shipping to a newly formed Nasdaq Helsinki-listed company, ESL Shipping Group. The transaction is subject to shareholder approval on December 7 and would see trading start on or around January 4, 2027. ESL, which operates about 40 ice-class bulk carriers and is investing €186m in methanol-capable newbuilds, would be led by Mikki Koskinen as CEO.
Logistics Seanergy lifts fleet renewal to $591m with two Japanese-built capesizes
Greek bulker owner Seanergy Maritime has expanded its fleet renewal programme to eight ships worth a combined $591m, including two Japanese-built capesizes. Long-term charters on three China-built newbuildings set floor rates at about $23,100 per day, above which earnings link to the Baltic Capesize Index. The company also posted record Q2 net income of $26.2m and its spin-off United Maritime sold a panamax while adding capesize tonnage.
Logistics W Marine broadens newbuild drive with ultramax order at Jiangsu Dajin
Greek shipowner W Marine has placed an order for three 64,500 dwt ultramax bulk carriers at China's Jiangsu Dajin Heavy Industry, with deliveries scheduled for May, August, and November 2028. The deal, the company's first ultramax newbuildings, expands its newbuilding pipeline to five vessels, including two 1,800 TEU feeder containerships booked at Huanghai Shipbuilding. W Marine recently took delivery of two kamsarmaxes from Chengxi Shipyard, marking its return to the newbuilding market after nearly 20 years.
Logistics Jinhui Shipping Secures $70M in Leaseback Financing for Four Ultramax Newbuilds
Jinhui Shipping and Transportation has secured up to $70m in leaseback financing for four ultramax newbuildings across two deals, according to Splash247. The Oslo-listed owner is renewing its fleet with 63,500-64,500 dwt vessels and disposing of older supramax tonnage.
Logistics COSCO Shipping Development Orders 15 Newcastlemax Bulk Carriers in $1.1 Billion Fleet Expansion
COSCO Shipping Development has approved orders for 15 newcastlemax bulk carriers totaling RMB7.92bn ($1.1bn). Ten vessels will be built by Shanghai Waigaoqiao Shipbuilding and five by Nantong Xiangyu Shipyard, all with provisions for future methanol or ammonia conversion. The ships will be leased for 20 years to Wai Fung Shipping, a COSCO Shipping Bulk subsidiary.
Logistics Baltic Exchange CEO Predicts Rise of Outcome Markets as Shipping Faces New Volatility
Baltic Exchange CEO Mark Jackson forecasts the emergence of outcome markets alongside freight forward agreements (FFAs) and options as shipping faces increased volatility from geopolitical shocks, weather disruptions, and shifting trade patterns. He will discuss these trends at the Splash Singapore conference in September 2026, where dry bulk market dynamics and technology will be key topics.
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 Greek Owner JME Navigation Adds Another Ultramax to New Dayang Orderbook, Securing 2030 Delivery Slot
JME Navigation has ordered another 64,000 dwt ultramax from New Dayang Shipbuilding, scheduled for early 2030 delivery. The deal lifts JME's orderbook at the yard to three Crown 63 vessels, with the first due July 2027. No price has been disclosed, but a recent comparable order valued similar ships at about $38.5 million apiece.
Logistics Dry Bulk Volatility Is No Longer the Risk but the Business Model, Says Sagitta Marine CEO
Dry bulk freight market volatility has shifted from cyclical predictability to disruption-driven uncertainty. Thomas Zaidman, CEO of Sagitta Marine, explains that commercial decisions now hinge on managing geopolitical and climate risks rather than eliminating them. The article examines how Red Sea diversions, Panama Canal restrictions, and algorithmic trading have transformed hedging and contracting strategies.
Logistics Diana Shipping threatens to cut Genco takeover bid after fleet value drops $50m
Diana Shipping has warned it may reduce its $27.34-per-share takeover proposal for Genco Shipping & Trading, citing a $50 million drop in Genco's fleet value since early June. The Athens-based owner claims a softer dry bulk market is eroding Genco's net asset value, and has also questioned the valuation method used by the New York-listed owner. Genco has rejected the allegations, stating that broker valuations show vessel prices are still rising.
Logistics Aruna Shipping Doubles Down With 10-Ship Ultramax Bulk Carrier Programme in China
Turkey's Aruna Shipping has ordered up to 10 ultramax bulk carriers from Yangzhou Guoyu Shipbuilding's new Zhoushan operation, including six firm 64,500 dwt vessels and four options. The order, valued at up to $350 million, will more than double Aruna's owned fleet and marks a shift into larger dry bulk tonnage. Deliveries are expected from Q2 2028 through 2030, according to shipbuilding databases.
Logistics Diana Drops Hostile Tender for Genco as Takeover Talks Stall, Keeps Higher Bid on Table
Diana Shipping has allowed its hostile tender offer for Genco Shipping & Trading to expire after insufficient shares were tendered, but the company is keeping its separate $27.34-per-share takeover proposal on the table. The tender, which offered $24.80 per share, saw 31.6% of Genco's outside stock tendered. Diana now seeks direct negotiations, while Genco disputes valuation claims and questions the stock component of the proposal.
Logistics Small Can Test Can Prevent Nickel Ore Liquefaction Tragedy at Sea
Nickel ore that is too wet can liquefy during voyage, shifting cargo and causing vessel capsizing. The can test — a simple field test — helps crews identify dangerously wet cargo before loading. Captain Simon Hodgkinson of West P&I explains the procedure and its limitations.
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 Bangladesh leads ultramax buying spree as Meghna Group snaps up modern tonnage
Bangladesh has emerged as the most aggressive buyer in the dry bulk market, with ultramax bulkers leading a buying spree that saw five vessels change hands in the past week. Meghna Group is linked to purchases of two Oldendorff ultramaxes, while Seacon Tokyo sold for $41.6m. The buying spree is part of Bangladesh's efforts to expand its oceangoing merchant fleet, supported by financing discussions for an $80m IFC loan and a planned $1bn shipbuilding complex.
Logistics Adani Shipping Sells Capesize Bulker Aashna for $37.5m, Trims Fleet
Adani Shipping has sold the 179,500-dwt capesize bulker Aashna (built 2012) to Chinese buyers for approximately $37.5 million. The sale is part of a fleet reduction as capesize time-charter rates sit at $32,000/day despite a recent weekly decline. The sistership Aanya remains on the market, and demolition activity in the sector is minimal.
Logistics Diana Shipping Locks In 63% Rate Hike for Panamax Bulker Atalandi with Stone Shipping
Diana Shipping has chartered its panamax bulker Atalandi to Stone Shipping at a 63% higher rate of $16,500 per day. The enhanced fixture runs from August 5, 2026, with minimum gross revenue of $5.89 million. The deal joins a string of improved Diana fixtures this year, including the ultramax DSI Pegasus and kamsarmax Medusa.
Logistics Wisdom Marine Abandons Plans for Two Handysize Newbuilds from Naikai Zosen
Wisdom Marine has terminated plans to acquire two handysize newbuildings from Japan's Naikai Zosen, citing failure to reach an agreement. The deal, approved in March 2025 with a $70.75 million budget, never progressed to a formal contract. Wisdom reports no material financial or operational impact.
Logistics Evalend Shipping Places $310m Newcastlemax Order at Dajin Heavy Industry
Evalend Shipping has placed a $310m order for three-plus-one newcastlemax bulk carriers at China's Dajin Heavy Industry. The firm order covers three 211,000 dwt vessels with delivery across 2029 and 2030, marking Evalend's entry into the newcastlemax sector.
Logistics Fertiliser Vessels Stuck at Indian Ports Raise Supply Fears for Peak Kharif Sowing
Two fertiliser vessels carrying DAP and urea have been waiting for berth at Kandla Port since July 14, delaying distribution ahead of India's kharif sowing season. Port congestion, limited railway rakes, and supply chain disruptions from the West Asia crisis are blamed. While urea supplies remain comfortable, DAP availability is tight due to constrained global ammonia and sulphur supplies.
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 New Transhipment Vessel Wontanara Delivered to Speed Guinea-China Iron Ore Flows
CSSC Chengxi Shipyard has delivered the Wontanara, the first of five transhipment vessels designed to move iron ore from Rio Tinto's Simandou project in Guinea to China. The self-unloader can discharge 12,000 tonnes per hour and, once all five are operating, can load a 200,000 dwt bulk carrier within 24 hours, reducing anchorage waiting times.
Logistics Seacon Adds $66m Bulker Pair at Tsuneishi Zhoushan for 2028 and 2030 Delivery
Hong Kong-listed Seacon Shipping has ordered two handysize bulk carriers at Tsuneishi Group (Zhoushan) Shipbuilding for a total of $66m, with deliveries in 2028 and 2030. The newbuilds add to Seacon's extensive pipeline of 44 vessels under construction at the end of 2025. Meanwhile, Seacon agreed to sell the 2023-built bulker Seacon Tokyo for $41.6m, generating a gain of about $9.86m.
Logistics Diana Shipping Locks In Nearly 30% Rate Increase for Ultramax in New Fednav Charter
Diana Shipping finalized a new time charter for its ultramax DSI Pegasus with Fednav at $18,350/day, nearly 30% above the previous Cargill rate. The deal runs from July 27, 2026 through at least August 15, 2027 with an extension option, expected to generate approximately $6.95m in gross revenue.
Logistics China Merchants Energy Shipping Orders $728m VLOC Fleet, Its First in Over a Decade
China Merchants Energy Shipping has placed a $728m order for six 343,000 dwt very large ore carriers, its first VLOC newbuilding in over a decade. The vessels will be built by sister company China Merchants Shipbuilding Industry and are intended for long-term contracts with major commodity traders. Deliveries are scheduled across 2029 and 2030, subject to shareholder approval on July 28.
Logistics Pacific Basin CEO Martin Fruergaard Identifies Three Key Challenges for Dry Bulk Shipping
Pacific Basin Shipping CEO Martin Fruergaard will address the Dry Bulk Market Outlook at Splash Singapore on September 24, highlighting three key challenges: disciplined vessel supply amid regulatory uncertainty, China's evolving commodity consumption, and geopolitical impacts on trade flows. He also emphasizes technology integration and Singapore's maritime role.
Logistics COSCO Shipping Bulk Orders Four Newcastlemaxes at Qingdao Beihai for 2029 Delivery
COSCO Shipping Bulk has ordered four newcastlemax bulk carriers from CSSC Qingdao Beihai Shipbuilding, with delivery expected in 2029. The 210,000 dwt vessels are designed for future alternative fuel conversion. This follows a three-ship order earlier this year, part of a wider dry bulk expansion by the COSCO group.
Logistics Zhejiang Shipping Orders Two Ultramax Bulk Carriers at New Dayang Shipbuilding for $77M
Zhejiang Shipping Group has ordered two ultramax bulk carriers from New Dayang Shipbuilding in a deal worth RMB519.6m ($77m). The 64,000 dwt conventionally fuelled vessels are slated for delivery by the end of March and June 2030, according to Splash247.
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.