Annual casualty figures from INTERCARGO, the International Association of Dry Cargo Shipowners, highlight continuing improvement in the safety performance of the sector. The bulk carrier fleet has grown significantly in recent years to cater for the world’s growing economy. Between 2014 and 2023 the number of vessels increased by 20% to 12,200, with today’s bulkRead More
New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Aquavita International for one of its vessels. Aquavita chartered the 2013-built, 81,150 dwt post-panamax bulker Electra for a gross charter rate of $14,000, minus a 5% commission paid to third parties, for a period until a minimum of October 15,Read More
MarineTraffic / Andy Ru Greek bulker player DryDel Shipping has expanded its fleet with a 2015-built kamsarmax bulker. The 81,841 dwt Beluga, formerly the Nord Beluga, was delivered in Singapore to DryDel Shipping on Wednesday. It has been known for some time that the vessel has been bought for $27m but the buyer was describedRead More
Ford has halted shipments of the new 2024 F-150 Lightning electric truck as of February 9th while it carries out quality inspections. Several outlets reported the pause on Friday, but none could say what prompted the check. In the meantime, Ford is still manufacturing the Lightning at the Rouge Electric Vehicle Center in Dearborn, Michigan,Read More
An industry known for its volatility has entered a new period of extreme swings in earnings. New research carried out by Jonathan Chappell, a shipping analyst at Evercore ISI, an investment bank, highlights the extreme volatility seen across five segments over the past 18 months. “Shipping markets are known for being notoriously volatile given lowRead More
More startling data on the extraordinarily skewed nature of the global ship orderbook has emerged. According to data from Clarksons Research fully 50% of the the global orderbook in cgt terms is contracted for just two shipping segments, LNG and containers. Clarksons Research’s upcoming Shipping Review & Outlook publication shows the huge variation in orderbooksRead More
Vessels in queue for transit across the Panama Canal stand at 128 ships today, some 42% above the 90 average, but 21% below the figure a month ago. While containerships, which have fixed schedules, tend to have reserved slots, the voyage plans for the tramp trades continue to be hit hard by the ongoing congestionRead More
The shipping industry has taken another important step towards the era of unmanned ships with the delivery of an LNG-powered capesize bulk carrier in South Korea fitted with artificial intelligence (AI)-based machinery monitoring and safety systems. The 180,000 dwt HL Nambu 2, built by Hyundai Samho Heavy Industries for compatriot shipowner H-Line, is claimedRead More
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