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Costamare Bulkers Holdings Limited announced that it has signed a Strategic Cooperation Agreement (the “Agreement”) with Cargill International S.A. (“Cargill”). Under the Agreement, the Company has agreed to: Transfer to Cargill the majority of its trading book comprising of chartered-in vessels, cargo transportation commitments as well as derivative positions; Charter to Cargill four Supramax vessels ...
https://www.hellenicshippingnews.com/costamare-bulkers-holdings-limited-announces-strategic-cooperation-agreement-with-cargill-international-sa/Today, Tuesday, September 30 2025, the Baltic Dry Index decreased by 86 points, reaching 2134 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2134-down-86-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2134-down-86-points/Singapore’s Fullerton Hotel played host to another lively Maritime CEO Forum last week, with the tanker session proving one of the most animated. Moderated by Duncan Ross of Paratus & Partners, the panel featured Hafnia’s Peter Kolding, Ardmore Shipping’s Mark Cameron, OM Maritime’s Subhangshu Dutt, and Foreguard Shipping’s Alan Hatton. Together, they offered a candid …
Geneva-based Advantage Tankers has stepped up its move into the large tanker segment with fresh orders in South Korea, adding one very large crude carrier (VLCC) and two suezmaxes to its books. Industry sources said the Tugrul Tokgoz-led outfit has exercised an option for a 320,000 dwt VLCC at Hanwha Ocean in Okpo, due for …
https://splash247.com/advantage-tankers-firms-fresh-vlcc-and-suezmax-orders-in-south-korea/
https://splash247.com/advantage-tankers-firms-fresh-vlcc-and-suezmax-orders-in-south-korea/Seacon Shipping has struck a deal to buy into the container leasing sector, acquiring a 40% stake in CIMC Xinde Leasing (Shenzhen) for around $67.6m. The Hong Kong-listed, Qingdao-based owner and operator is purchasing the holding from Shenzhen Financial Leasing. Once the transaction is complete, CIMC Xinde will be owned 40% by Seacon, 40% by …
https://splash247.com/seacon-moves-into-box-leasing-with-67m-deal-for-cimc-unit/
https://splash247.com/seacon-moves-into-box-leasing-with-67m-deal-for-cimc-unit/German owner Carsten Rehder Schiffsmakler und Reederei has expanded its methanol-ready multipurpose newbuilding programme in India, contracting four firm units with options for two more at Garden Reach Shipbuilders & Engineers (GRSE). The deal will see the Hamburg-based company pay $62.4m to the Kolkata yard, with deliveries of the firm ships set between June 2028 …
https://splash247.com/carsten-rehder-inks-62m-mpp-order-in-india/
https://splash247.com/carsten-rehder-inks-62m-mpp-order-in-india/Costamare Bulkers has signed a wide-ranging cooperation agreement with Cargill, shifting focus toward steadier earnings while deepening ties with one of the dry bulk sector’s largest charterers. The New York-listed Greek owner said the deal includes transferring to Cargill most of its trading book, covering chartered-in tonnage, cargo commitments, and derivative positions. Four supramax vessels …
https://splash247.com/costamare-and-cargill-set-course-for-joint-dry-bulk-ventures/
https://splash247.com/costamare-and-cargill-set-course-for-joint-dry-bulk-ventures/The reefer sector has the worst Carbon Intensity Indicator (CII) ratings, while boxships currently enjoy having the most vessels within the safe A to C bands, according to new data from VesselsValue. VesselsValue data shows that around two-thirds of the container fleet today has a CII rating ranging between A to C, while 80% of …
https://splash247.com/reefer-fleet-on-thin-ice-as-majority-fail-carbon-intensity-tests/
https://splash247.com/reefer-fleet-on-thin-ice-as-majority-fail-carbon-intensity-tests/There are growing signs that a price war is breaking out in container shipping. Consultancy Linerlytica is already warning that operating margins have already dropped below breakeven on several key routes with carriers still prioritising market share over profitability. The Shanghai Containerized Freight Index and the China Containerized Freight Index have slipped by 70% and …
https://splash247.com/liner-price-war-looms-as-spot-rates-sink-below-breakeven/
https://splash247.com/liner-price-war-looms-as-spot-rates-sink-below-breakeven/China is taking preemptive action against the US’s plans to hike port fees for China-linked tonnage. Chinese premier Li Qiang signed a State Council decree over the weekend, which states that China will take necessary countermeasures against countries or regions that impose or support discriminatory bans, restrictions, or similar measures targeting Chinese operators, vessels, or …
https://splash247.com/china-prepares-retaliation-playbook-ahead-of-us-port-fee-deadline/
https://splash247.com/china-prepares-retaliation-playbook-ahead-of-us-port-fee-deadline/