bulk carriers

BWMS: Why bulkers are different

APRIL 25, 2017 — The U.S. dry bulk market will face a shortfall of vessels in a few years of time unless owners of this type of vessel can persuade the U.S.

LNG fueled bulkers to have PM shaft generators

MAY 10, 2016 — The two LNG dual-fueled 25,600 dwt bulkers ordered by Finland’s ESL Shipping at the Qingshan Shipyard in China (see earlier story) will have WE Tech Solutions direct-drive permanent

  • News

LNG fueled bunkers to have MacGregor equipment

MARCH 30, 2016 — Cargotec subsidiary MacGregor is to deliver hatch covers, cranes, deck machinery and steering gear to the two new 25,600 dwt dual-fueled handysize bulk carriers ordered last November by

  • News

LNG fueled bulkers are a double first for DNV GL

JANUARY 11, 2016 — Two 25,600 dwt bulk carriers ordered by Finland’s ESL Shipping back in November (see earlier story) will not only be world’s first large LNG-fueled bulkers, but the first

  • News

Klaveness unloads its self-unloaders

Under the terms of the agreement, affiliates of Algoma and CSL will each acquire two vessels and Marbulk Shipping Limited, a company jointly owned by both Algoma and CSL, will acquire one vessel.

The transaction values the five vessels at $190 million in total.

The agreement is subject to technical due diligence on each vessel.

The subjects are likely to be lifted in December 2015, with a completion of the transaction in first quarter 2016.

The transaction will lead to an estimated accounting gain of approximately $30 million for KSH.

Klaveness CEO Torvald Lasse Kristoffersen says the deal “will free up significant investment capacity that we can use to realize projects we have been working on.”

The five vessels are the 49,463 dwt, 2002 built, MV Barkald; the 48,184 dwt, 2002 built MV Balder; the 75,569 dwt,1981 built MV Baldock; and the 71,900 dwt, 2013 built MV Balto and MV Balchen