Vafias says Imperial Petroleum needs to keep growing using equity raises
New York-listed tanker owner to keep up controversial practice until it gets to 20 ships or more
Bulkers
Capesize bulker market continues to fall as activity slump grips Atlantic and Pacific markets
Rio Tinto iron ore fixtures from Australia and Quebec both show rate decline
Fratelli Cosulich buys handysize bulker from Doun Kisen
Italian owner will charter vessel to Lauritzen Bulkers
Methanol bunker demand for container ships to reach 3-mtpa by mid-2020s
Dutch fertiliser, fuels, and feedstock provider OCI is also encouraged by orders from non-boxship segments
Lorentzen & Co cuts broking staff after results disappoint
Broker is in talks with staff to see who will leave
‘Refuse to work’: Ukraine slams Russia over Bosphorus grain shipping delays
Kyiv complains that 140 inbound and outbound ships are queuing in the UN’s Black Sea Grain Initiative
ICS submits $10bn plan for Fund and Reward green fuels scheme to IMO
Details of scheme to reward first movers for the CO2 emissions prevented by the use of alternative fuels suggest an initial price of $50 per tonne of fuel
Flying hydrofoil ferry among winners of £60m UK green marine funding
Projects for electric ferries, hydrogen powered fuel cells and wind propulsion technologies share in UK scheme to foster cleaner ships
Safe Bulkers bolsters fleet’s green credentials as profit shrinks
US-listed bulker owner eyes environmental upgrade programme in 2023
Oversupply and seasonality fuel 29% slump in capesize bulker rates in one day
Index may see further losses as a result of more vessels possibly being in Atlantic basin, broker says