The Panamax Post

Hong Kong’s bulker owner and operator Cetus Maritime has partnered with Singapore-listed Yangzijiang Financial to invest in the handysize sector. The duo will set up a new asset-owning joint venture with the aim of buying between four and eight eco-designed ships, which will be deployed in Cetus Maritime’s commercial handysize pool. The joint venture established …

Singapore-based bulker owner Grindrod Shipping has revealed several deals for its fleet, including sale and purchase as well as time charter transactions.  The Ed Buttery-led company recently exercised the purchase option on Meiji Shipping’s chartered-in 2016-built supramax IVS Hayakita, with the ship expected to change hands in September this year. In July, the parent firm …

Wakashio Report - What's Going on With Shipping?

In this episode, Sal Mercogliano - maritime historian at Campbell University (@campbelledu) and former merchant mariner - discusses the grounding of the bulker Wakashio off Mauritius three years ago with the release of the Panama Maritime Authority.

Chinise dry bulk shipping operator Fujian Guohang Ocean Shipping has added to its orderbook firming up two more panamax newbuilds at a compatriot yard. The Beijing Stock Exchange-listed company has booked two firm 76,000 dwt ships at Jiangsu Haitong Offshore Engineering Equipment in a deal worth around $64m. The company said deliveries would take place …

According to Vietnamese officials, on 14th July, a Wan Hai containership made contact with a bulker. Neither vessel appears to have damage.

Greek bulker owner Diana Shipping has entered a time charter contract with Cobelfret for the kamsarmax dry bulk vessel. Diana Shipping said that the charter of the 2013-built 82,131 dwt dry bulk vessel was expected to begin on Saturday. The gross charter rate is $12,650 per day, minus a 5% commission paid to third parties, …

The Australian Federal Police have arrested two men who allegedly helped a crime syndicate import 84 kilos of ketamine concealed in a bulker'

Greek containership owner Danaos has quietly accumulated close to a 10% stake in Eagle Bulk Shipping in recent months. A recent filing to the US Securities and Exchange Commission (SEC) revealed that the John Coustas-led boxship tonnage provider picked up around 1.37m shares, equal to 9.99% of the Gary Vogel-led bulker owner’s stake. The swoop …

A fire broke out on board the Turkish-owned capesize bulk carrier some 85 km south of the Russian Nakhodka port in the Sea of Japan. 

Greek owner Meadway Shipping & Trading has contracted Oshima Shipbuilding for a handysize bulker newbuild, taking its orderbook at Japanese shipyards to eight. 

New York-listed Greek bulker owner Diana Shipping has sealed a time charter deal with Singapore’s SwissMarine for its capesize . The 2010-built ship has been fixed from June 11 at $16,000 per day until October 1, 2024, 

Taiwanese shipowner Harvey Chiu and his Hsin Chien Marine have cashed in investments in the bulker market, pruning its 26-ship strong bulker arm by selling its oldest ships.

The Andrianopoulos family and its Cape Shipping have emerged as the buyer of a pair of capes sold by John Fredriksen-controlled Golden Ocean.

A Hong Kong-flagged bulker that grounded in the Suez Canal blocking the key waterway for several hours on Thursday morning has been successfully refloated.

Dubai-based Turkish owner and operator Densay Shipping is expanding its fleet with a series of ultramax bulk carrier orders in China. The Tayfun Gunerhan-led outfit has booked a pair each at China Merchants Jinling Shipyard (Nanjing), 

John Fredriksen’s Seatankers has contracted Qingdao Shipyard in China for up to eight 82,000 dwt bulk carriers. 

China’s Qingdao Shipyard has entered into a shipbuilding contract with John Fredriksen’s Seatankers for the construction of up to eight 82,000 dwt bulk carriers.

Photo credit: Imperial Petroleum (Bulk Carrier Eco Angelbay) Greek Harry N. Vafias of Imperial Petroleum, a ship-owning company providing transportation services, reported its most profitable quarter by far in the first three months of 2023, boosted by a bigger fleet after the delivery of two Handysize dry bulk carriers, the Glorieuse and the Eco Wildfire, [...]

UK-based diversified owner Lomar Shipping has expanded its bulk carrier fleet to nine ships with the purchase of three Chinese-built supramaxes. The maritime subsidiary of New York-based Libra Group has officially taken over the recently acquired 57,000 dwt Ariadne, renamed Oslo Trader, after paying around $13m for the 2010-built ship. Lomar said it also expects …

AD Ports Group is expanding its shipping fleet with the acquisition of five bulk carriers and three crude oil tankers.

Nasdaq-listed tanker spinoff of Cyprus-based bulker and boxship owner Castor Maritime is making its debut in the LPG arena with the acquisition of four Japanese-built vessels. The Petros Panagiotidis-led company has picked up a trio of 2015-built 5,000 cu m ships and another 2020-built unit with a similar capacity for an aggregate purchase price of …

Chinese shipowner and operator Seacon Shipping is expanding its fleet with a fresh order for a pair of handysize bulk carriers in Japan. The Qingdao-based company has contracted Tsuneishi Shipbuilding to have the vessels delivered by end-June and end-September 2025 for around $31.7m each. The order comes hot on the heels of Seacon’s $52m raise …

A UK-flagged bulker became the focus of social media speculation after several Indonesians began posting about a vessel apparently sinking and i