Five dry bulk owners form Capesize chartering JV
FEBRUARY 10, 2015 — With the Baltic Dry Index probing new lows, five major bulker operators have formed a new joint venture company, Capesize Chartering Ltd. The five are: Bocimar International NV,
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Tsuneishi Shipbuilding delivers 200th Kamsarmax bulker
JANUARY 8, 2015 — Japan’s Tsuneishi Shipbuilding Co., Ltd. yesterday delivered its 200th Kamsarmax bulk carrier, the 82,000 dwt Ultra Lion. Developed by Tsuneishi and now an industry standard, Kamsarmax bulkers have
Scorpio converts bulker newbuild orders to LR2 tankers
DECEMBER 17, 2014 — Scorpio Bulkers Inc. (NYSE: SALT) reports that it has reached agreements with shipyards in South Korea and Romania to modify six newbuilding contracts for Capesize bulk carriers into
CIT finances Blue Wall bulker acquisitions
NOVEMBER 19, 2014 — CIT Group Inc. (NYSE:CIT) reports that CIT Maritime Finance provided a $24.1 million senior secured credit facility to Blue Wall Shipping Limited, an investment holding company. The facility
ADM takes delivery of bulker with air lubed hull
OCTOBER 29, 2014 — Agribusiness giant Archer Daniels Midland Company (ADM) has taken delivery of Harvey Frost, the first of three eco-friendly 95,000 dwt bulk carriers featuring an air lubricated hull. The
Star Bulk adds to fleet
AUGUST 20, 2014 — Star Bulk Carriers Corp. (NASDAQ: SBLK), which is majority controlled by affilliates of Oaktree Capital Management, is acquiring 34 second hand bulkers from Excel Maritime Carriers, which is
Navibulgar orders Bluetech 42 design bulkers
AUGUST 20, 2014 — Bulgarian shipowner Navibulgar has ordered four eco-friendly size bulk carriers from Chinese shipbuilder Jiangsu Hongqiang Marine Heavy Industry. The contract includes options for two further ships. The ships
Algoma Central christens second Equinox bulker
JULY 18, 2014 — Algoma Central Corporation reports the arrival in Canada and the christening of its second Equinox Class bulk cargo vessel, the Algoma Harvester. Mrs. Kathy Baske, wife of Jim
Ten Scorpio bulkers to have MacRack equipped hatch covers
JUNE 23, 2014 — Cargotec’s MacGregor unit has won an order from Sungdong Shipyard in South Korea for side rolling hatch covers for ten 180,000 dwt bulk carriers The ships are being
Lemissoler picks Kaplan propellers for bulker series
JUNE 18, 2014 — Limassol, Cyprus, based Lemissoler Navigation Co. Ltd. has selected the fuel-efficient MAN Alpha Kappel propeller design for a new series of eight 58,500 DWT bulk carriers planned for