Topic
newcastlemax
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 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 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 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 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 Himalaya Shipping locks in premium index-linked charter for LNG dual-fuel newcastlemax Mount Aconcagua
Himalaya Shipping has fixed its 2024-built LNG dual-fuel newcastlemax Mount Aconcagua on a 16-18 month index-linked time charter at a significant premium to the Baltic 5TC index. The vessel, one of 12 in the fleet built at New Times Shipyard, includes conversion rights to switch to a fixed rate. The fixture underscores strong demand for eco-friendly bulkers as capesize earnings strengthen.
Logistics U-Ming signs for up to four newcastlemax bulk carriers in China at $77-80 million each
U-Ming Marine Transport has signed a contract with Jiangsu Hantong Ship Heavy Industry for two firm 211,000 dwt newcastlemax bulk carriers, with options for two more, at a cost of $77-80 million per vessel. The order is part of a wider dry bulk expansion plan approved earlier this year, targeting a fleet of over 100 vessels and more than 10 million dwt. Deliveries are scheduled for 2029 and 2030.
Logistics Fortescue Charters Up to 12 Ammonia-Capable Newcastlemax Bulk Carriers from CMB.TECH
Fortescue has signed an agreement with CMB.TECH to charter up to 12 ammonia-capable newcastlemax bulk carriers from Bocimar. Up to three vessels will be delivered with dual-fuel ammonia engines by end of 2026, while nine will be ammonia-ready. The deal represents one of the largest commercial commitments to ammonia-capable bulk carriers and could cut CO2 emissions by 250,000 tonnes annually if operated on green ammonia.
Logistics Fredriksen Doubles Down on Newcastlemaxes with Four More Chinese Newbuilds at Dajin Heavy Industry
John Fredriksen-backed Seatankers Management has exercised options for four additional newcastlemax bulk carriers at emerging Chinese shipbuilder Dajin Heavy Industry, bringing its orderbook to eight 210,000 dwt vessels. Brokers estimate the total programme value at nearly $600 million, with deliveries scheduled between 2028 and 2029. The move is part of a broader surge in newcastlemax contracting linked to expectations surrounding Guinea's Simandou iron ore project.