Castor Maritime snaps up second kamsarmax in as many days
Growing Cyprus-based shipowner takes recent spending in the secondhand market to close to $50m
Castor Maritime snaps up second kamsarmax in as many days Read More »
February 2021
Sinokor presses pause on three LNG newbuildings
Hull numbers show ships ordered at SHI two years ago were due to deliver in 2021 and 2022
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BOEM to Restart Permitting for Major US Offshore Wind Project
The Biden administration said on Wednesday it would restart permitting for the first major U.S. offshore wind farm, reversing a Trump administration decision that canceled the process late last year.The U.S. Bureau of Ocean Energy Management…
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Ship Owners Looking for More Dry Bulk Tonnage
Ship owners have turned to the S&P Market this week, in order to add more dry bulk tonnage to their fleet. At the same time, newbuilding activity is expected to increase as well, thanks to improving freight rate market conditions and stable prices….
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Congestion related to cold weather and coal shortage in China supported counter–seasonal strength in freight rates
Following IHS Markit’s previous update on the upside risk of winter demand, dry bulk vessels anchored near the northern Chinese ports have increased significantly to an average of 372 vessels in week 3 (starting on 11 January 2021) from an averag…