Mercuria's Capesize Buying Spree Approaches 1.5 Million DWT
Mercuria's secondhand capesize buying is nearing 1.5m dwt after the purchase of the 180,000 dwt Mount Dampier for around $38 million.
CMB.TECH Posts $364m Second-Quarter Profit as Tanker Markets Run Hot
CMB.TECH reported a second-quarter profit of $364.4m and EBITDA of $552.8m, with a $3.26bn contract backlog and gains of $127.4m booked on vessel sales in the period.
COSCO Approves Fifteen Newcastlemax Bulkers Worth 7.9 Billion Yuan
COSCO Shipping Development has approved an order for fifteen Newcastlemax bulk carriers of 210,000 tonnes capacity each, to be built at two Chinese shipyards for a total contract value of 7.92 billion yuan, around 1.1 billion dollars.
COSCO approves fifteen newcastlemax bulkers
COSCO Shipping Development has approved orders for 15 newcastlemax bulk carriers worth about $1.1bn, all leased within the group for 20 years.
Polaris lines up Vale-backed newcastlemaxes in China
Polaris Shipping has been linked to an order for up to four newcastlemax bulkers at China's Hengli yard, tied to long-term Vale employment.
COSCO orders 24 bulkers in $1.27bn leasing play
COSCO Shipping Development has ordered 24 dry bulk vessels worth RMB8.66bn ($1.27bn), deepening its leasing business with long-term charters back into the COSCO group.
U-Ming signs for newcastlemax newbuilds in China
U-Ming Marine Transport has signed for up to four newcastlemax newbuildings at Jiangsu Hantong Ship Heavy Industry, part of a plan to grow its fleet beyond 100 vessels.
Never miss a move
Maritime, in motion. In your inbox.
The vessel sales, incidents, and market moves worth knowing, sent as they happen.