NORDEN has entered into a newbuilding contract with Nantong Cosco Khi Ship Engineering Co. (“NACKS”) for 4 x 61,000 dwt dry cargo “Ultramax” ships, expected to deliver during 2022.

The shipping industry has made a strong commitment to reduce its global carbon emissions towards 2050. A group of leading industry players are taking the next step to develop new fuel types

VLCC

This sector had a torrid week with Charterers firmly in the driving seat. Rates tumbled in the Middle East with 270,000mt to China at WS36.5 region, down

On June 12, the 7th 62K DWT multi-purpose pulp ship built by COSCO SHIPPING Heavy Industry (Dalian) Co.,Ltd. was successfully delivered.

Market insight

By Zisis Stylianos

SnP Broker

The Baltic Exchange’s main sea freight index edged higher on Friday, helped by an uptick in rates for capesize and panamax vessels, and posted a sixth consecutive weekly gain.

Genco Shipping & Trading Limited today announced that it has changed the location of its 2020 Annual Meeting of Shareholders to be held at 10:00 a.m. on Wednesday, July 15, 2020.

MacGregor, part of Cargotec, has secured an order to provide cargo handling cranes for four 62,000 dwt general cargo ships to be built in Asia.

Despite a universal campaign from all sectors of the shipping industry to classify seafarers as key workers, and to facilitate crew transfers, many governments are still dragging their heels, says

Costamare Inc. (NYSE:CMRE), announced the execution of two new loan agreements for an aggregate amount of $140 million, which bringsthe refinancing programinitiatedat the beginning of the