Hong Kong-listed company looks to grab the few remaining slots for dry bulk tonnage
Ships valued at US$221.6 million will be delivered in 2023 and 2024
China Development Bank Financial Leasing (CDB Leasing) is pursuing its shipping fleet expansion...
Genco enters into agreements to acquire two Ultramax bulkers under construction at DACKS, says a press release published on their website.
Vessel acquisition agreement
US dry bulk shipowner Genco Shipping & Trading has entered into agreements to acquire two ultramax bulkers...
Swire Shipping will operate a new direct service connecting Singapore and North West Australia from June, carrying containerized, out-of-gauge, and breakbulk cargo, says an article published in Container Mag.
Two loop service
The service is made up of two loops: the...
Japanese shipping companies are looking to reduce their reliance on the Suez Canal, reads an article in DW. They are stepping up their search for an alternative route connecting East Asia to key markets in Europe.
Exploring alternative routes
Japanese transportation...
Frontline Ltd. has entered into an agreement for the acquisition through resale of six latest generation ECO-type VLCC newbuilding contracts, says a press release published on their website.
Vessel under construction at HHI
Six VLCCs are currently under construction at the...
Castor Maritime Inc. has entered into agreements through two separate wholly-owned subsidiaries, to acquire Panamax dry bulk carriers for a purchase price of $19.06 and $21.0 million respectively, says a press release published on their website.
The purchase deal
Castor Maritime...
Capital Product Partners L.P. announced that the M/V 'CMA CGM Magdalena' was delivered to its new owners.
It has generated gross proceeds from the sale of approximately $49.2 million after repaying outstanding debt.
M/V 'CMA CGM Magdalena' is...
Diana Shipping has signed a sustainability-linked loan facility with Dutch ABN AMRO Bank through six wholly-owned subsidiaries in the amount of $91 million, says a press release published on their website.
Refinancing of existing indebtedness
The purpose of the senior secured...
Greek boxship owner Costamare has sealed deal for three kamsarmax bulkers in two separate deals, reads the company website.
Kamsarmax deal
Advanced Shipping & Trading and Seasure Shipbroking have named Costamare as the buyer of 2012-built pair Pedhoulas Builder and Pedhoulas...
This week, Atlantic MR rates have been quite volatile, impacted by the pipeline developments. Monday saw Baltic assessments for TC2 and TC14 close at WS160 and WS140, a gain of 33 and 50 WS points respectively.
For the weekly tanker...
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