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Sierra Leone has inaugurated a new national shipping company majority-owned by China’s Zhejiang Xiehai Group, aiming to build a 50-vessel fleet to carry more of the country’s mineral and agricultural trade.
Greek owner Danaos is weighing a carve-out and minority stake sale of its dry bulk business through a potential listing on the Norwegian market.
Evgenia Daskalopoulou, founder and president of Athens-based dry bulk owner Almi Marine Management, has died, the company announced, just days after it placed newbuilding orders for three more ultramax bulkers in China.
Mitsui O.S.K. Lines’ MOL Ocean Bulk has signed a 25-year contract with Vale International to deploy two 210,000-dwt ore carriers equipped with tri-fuel propulsion systems capable of running on ethanol, methanol and conventional heavy fuel oil.
Greek dry bulk operator Globus Maritime has taken delivery of the newbuild Ultramax carrier Glbs Olympia, expanding its fleet to ten vessels.
The Baltic Dry Index has extended its recent gains as tight vessel availability, driven partly by ongoing Panama Canal draft restrictions, pushes LPG and grain cargoes onto longer routes via the Cape of Good Hope.
The Baltic Dry Index has climbed to its highest level in nearly five years as bad weather in the Pacific and tightening Capesize vessel supply collide with strong export demand.
