Methanol engine secures bulker orders
Tsuneishi Shipbuilding Co., Ltd has ordered three methanol main engines to be included in the construction of three bulk carriers for Danish shipping company, J. Lauritzen.
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Tsuneishi Shipbuilding Co., Ltd has ordered three methanol main engines to be included in the construction of three bulk carriers for Danish shipping company, J. Lauritzen.
Pacific Basin Shipping Ltd has announced the closing of a US$150 million deal for a Sustainability-Linked 3-year Senior Unsecured Committed Revolving Credit Facility.
CRM Agri has provided its latest update on the current state of the global price of wheat and grain.
At the end of November the positive momentum seen throughout the month continued with all bulk vessel classes seeing strong growth.
Vale, in partnership with Oldendorff Carriers, has commenced its first biofuel voyage with the Hinrich Oldendorff fuelled by residual cooking oil and fuel oil.
WinGD has debuted its Variable Compression Ratio technology to be installed on two new dual-fuel LNG powered newbuilds for NYK Line.
CRM Agri has reported that the price of Paris and Chicago wheat has faced pressure from delayed wheat imports from China.
Initially gloomy market sentiments were replaced by positivity by the end of the week according to the Baltic Exchange.
BIMCO have reported that shipments of coal to advanced economies have fallen 17% as demand for electricity declined alongside a rise in the production of renewable energy.
Mixed wheat prices have led to Chinese buyers importing foreign wheat amid weakened prices according to CRM Agri.
Signal Group have reported that the dry bulk shipping market looked to have a more optimistic outlook with iron ore also experiencing a rally in price.
According to the USDA China has been the world’s largest importer of US soybeans which has contributed to a marketing-year high.