Topic
ship
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 Castor Maritime Adds Second Modern Kamsarmax Bulk Carrier in One Week
Nasdaq-listed Castor Maritime has purchased another modern kamsarmax bulk carrier, the 2024-built Magic Saturn, for $41.9 million, taking delivery on June 29. This follows the acquisition of the 2023-built Magic Jupiter for $37.5 million last week, bringing total spending on the segment to nearly $80 million. With the addition, Castor's fleet has grown to 11 vessels.
Commodities U.S. Approves First LNG Production Ship Amid Controversy
The U.S. has approved its first floating LNG production ship, led by Delfin Midstream, despite controversy over environmental reviews. The project, located off Louisiana, aims to enhance U.S. energy exports.