Pacific Basin spends $125m on six secondhand bulkers from Ultrabulk
Acquisitions should lower average fleet age to 12 years and bring owned and operated fleet to 263 bulkers
Bulkers
Devbulk grows towards magic 10 again, with fresh handysize buy
Istanbul-based bulker player acquires nine-year-old ship in replacement of older tonnage sold a few months ago
Shipbuilding pricing up 15% on average in 2022, Clarksons Research says
An increase in tanker orders along with continuing flows of LNG carriers are likely in 2023
Japan’s Doun Kisen orders ultramax bulkers at Nantong Xiangyu
The newbuilding price for ultramax bulk carriers has reached a new low level in the past 12 months
Cargill teams up with Mitsui to pull the trigger on first methanol-fuelled bulker order
Agricultural giant turns to Japan’s Tsuneishi Group to build dual-fuel kamsarmaxes
Norvic Shipping kickstarts fleet expansion with long-term Japanese ultramax charter
Deal follows big working-capital loan secured from a consortium of US banks
Streetwise: Ireland’s Ardmore and the tanker group led 2022 stock gains
Weekly finance newsletter looks back over the winners and losers in US-listed shipping stocks in 2022
Multipurpose market corrects as competition grows from rival sectors
Weakening demand has seen charter rates fall faster-than-expected
MPP market corrects as competition grows from rival sectors
Rates are down 10% in a month
Tschudi Group shifts chartering and management department to Oslo
Freight team to relocate from Denmark to be next to main group headquarters