Clean

LR2

MEG LR2 freight resurged this week as the vessel size gained strength in the region.The TC1 75kt MEG/Japan index added 17 points up to WS121 with the corresponding TCE returns climbing to $26,300/day basis Baltic Description.

 Capesize

The Capesize market lost some of its earlier momentum this week, ending on a softer note. Early positivity in the Pacific, driven by steady miner demand, increased operator activity, and weather-related port delays in China, gave way to a quieter close as offers on C5 slipped from the mid to high $10.00s into the upper $9.00s, with limited fixtures concluded.

The Grande Shanghai, one of the Grimaldi Group’s next-generation pure car and truck carriers (PCTC), has successfully completed her maiden voyage as part of the recently launched East Asia–East Africa service.

ADS Maritime Holding Plc (“ADSMH” or “the Company”) has agreed to acquire the kamsarmax bulk carrier M/V Fjeld Saga tbr 82,900 dwt, built 2013, at market terms. Completion is subject to customary conditions, including charterer’s consent to transfer of the vessel’s present charter.

MSC is pleased to announce the launch of a new standalone service, Cheetah, connecting Asia to Mozambique.

Ενημερώθηκαν οι Λιμενικές Αρχές της Πρέβεζας και της Λευκάδας από το Ενιαίο Κέντρο Συντονισμού Έρευνας και Διάσωσης (Ε.Κ.Σ.Ε.Δ.) του Αρχηγείου Λ.Σ.-ΕΛ.ΑΚΤ. για ακυβερνησία, λόγω μηχανικής βλάβης και αδυναμίας

GasLog Ltd. announce that on Tuesday, 16 September they celebrated the double naming ceremony of the Woodside Jirrubakura and the Woodside Barrumbara at Hanwha Ocean Shipyard in Geoje, South Korea.

2020 Bulkers (the “Company”) announces that it has signed an agreement to sell the 2020 built Newcastlemax vessel, Bulk Sao Paulo, to an unaffiliated third party for a total consideration of US$72.75 million. The sale is subject to certain closing conditions, in line with industry standards.

After an intense week ending in a vote, the International Maritime Organization’s (IMO’s) Net Zero Framework was adjourned for the period of one year at the extraordinary session of the IMO’s Marine Environment Protection Committee (MEPC) on Friday.  

Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping and energy company, announces the signing of a $50.0 million sustainability-linked senior term loan facility (the “Facility”) with a European bank.