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The dry bulk S&P market has entered a new phase of momentum, with the kamsarmax segment leading a resurgent wave of transactions. A weeks-long release of pent-up capital, combined with bullish freight markets, has triggered intense competition for modern tonnage and lifted asset prices—bucking the usual summer slowdown. Market sources report that bulkers previously struggling …
https://splash247.com/kamsarmax-bulker-prices-climb/
https://splash247.com/kamsarmax-bulker-prices-climb/Swiss dry bulk operator Nova Marine Carriers has cemented its position as one of the most active players in the resurgent handysize S&P market, acquiring its third handysize bulker since April as part of a strategic fleet expansion centred on Japanese-built tonnage. Its latest acquisition, the 25,000 dwt Lucky Trader (built 2011), was purchased for …
https://splash247.com/nova-marine-carriers-accelerates-handysize-fleet-growth/
https://splash247.com/nova-marine-carriers-accelerates-handysize-fleet-growth/Niche Chinese liner Sea Legend Shipping is set to launch a direct container service between China and northern Europe via the Northern Sea Route (NSR). The new seasonal service, expected to begin in September, will offer an 18-day transit between East Asia and Europe—nearly halving the 30 to 50 days typically required via the Cape …
https://splash247.com/sea-legend-launches-china-europe-arctic-container-service/
https://splash247.com/sea-legend-launches-china-europe-arctic-container-service/Greece has dispatched a salvage vessel to the Red Sea in response to a spike in maritime attacks by Yemen’s Houthi militants, including the recent sinkings of two Greek-operated bulk carriers. The deployment comes as part of emergency measures to protect seafarers and safeguard global trade routes, Greek shipping minister Vassilis Kikilias announced Thursday. The …
https://splash247.com/greece-deploys-salvage-vessel-to-red-sea-amid-renewed-houthi-threats/
https://splash247.com/greece-deploys-salvage-vessel-to-red-sea-amid-renewed-houthi-threats/Willem Vermaat, shipping director at Heidelberg Materials Trading, shares his perspective on the intricacies of dry bulk shipping. What is the challenge in calculating freight? It’s not rocket science, is it? Or is it perhaps a form of art? Fundamentally, freight is a simple equation; total expenses divided by cargo intake gives freight per metric …
https://splash247.com/freight-as-a-combination-of-science-and-art/
https://splash247.com/freight-as-a-combination-of-science-and-art/Sri Lanka’s Supreme Court has ordered the owners and operators of the X-Press Pearl container vessel to pay $1bn in compensation for the devastating environmental and economic damage caused when the ship caught fire and sank off Colombo in 2021. Described by the court as “the most severe marine environmental catastrophe in the country’s history”, …
https://splash247.com/sri-lankas-top-court-orders-1bn-payout-over-x-press-pearl-disaster/
https://splash247.com/sri-lankas-top-court-orders-1bn-payout-over-x-press-pearl-disaster/West Africa now represents 14% of capesize liftings as compared to 6% three years ago, according to new data from Jefferies, an investment bank. The redrawing of the global cape trading map has been driven by strong bauxite export growth, mainly out of Guinea. Cape volumes out of West Africa are up 31% this year, …
https://splash247.com/west-africa-now-drives-one-in-seven-cape-cargoes/
https://splash247.com/west-africa-now-drives-one-in-seven-cape-cargoes/This week MarineLink reported on the NTSB’s analysis of a 2024 collision on the lower Mississippi that resulted from a tow pilot’s distraction caused by personal cellphone use.While navigating the tow for about 1.5 hours before the collision…
https://www.marinelink.com/news/challenges-watchkeepers-continue-528322
https://www.marinelink.com/news/challenges-watchkeepers-continue-528322There is an estimated 3.5 million square miles of ocean space suitable for finfish mariculture and about five times that suitable for seaweed production. It’s a potential that is being realized around the world as new projects generate benefits for rural communities…
https://www.marinelink.com/news/good-ocean-good-business-528323
https://www.marinelink.com/news/good-ocean-good-business-528323South Korea and the United States havehttps://www.marinelink.com/news/hanwha-build-usflagged-lng-carrier-528214 been discussing a shipbuilding tie-up that could include investments to modernize U.S. shipyards and more help to repair the U.S.
https://www.marinelink.com/news/shipbuilding-a-leverage-point-south-528309
https://www.marinelink.com/news/hanwha-build-usflagged-lng-carrier-528214