Topic
bulker
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 Turkish-Owned Bulker Struck by Drone in Black Sea as Port Fires Escalate Tensions
A Panamanian-flagged dry bulk vessel owned by Turkish interests was struck by a drone in the Black Sea on Monday, catching fire and prompting a Ukrainian navy rescue operation. The attack follows a wave of Ukrainian drone strikes that set fuel terminals ablaze at Kerch Commercial Port and Port Kavkaz around the Kerch Strait. All nine crew members were rescued, but casualties were reported.
Logistics Fortescue Revises Fleet Procedures After Bulker Loses Propulsion Off Port Hedlan
Fortescue's shipping arm has introduced fleetwide engine management changes after its bulk carrier FMG Nicola lost propulsion while departing Port Hedland on February 7, 2025. The Australian Transport Safety Bureau (ATSB) found the shutdown was caused by an erroneous activation of a low lubricating oil pressure emergency shutdown switch. FMG International has upgraded testing procedures and introduced a standardised rapid-response protocol.
Logistics Icon Energy Ventures into Container Shipping
Icon Energy, a Greek dry bulk owner, is diversifying by acquiring a minority stake in a container shipping venture. The investment involves a 2,000 TEU feeder vessel chartered at $26,500 per day, generating $19 million over two years.