Handy Bulk

Capesize bulk carrier values are climbing as Athens-based ship-manager and operator Goldenport Shipmanagement Ltd. completes a deal that doubles its capesize exposure by acquiring its first ship of 2025, the …

Transworld Shipping Lines, formerly known as Shreyas Shipping and Logistics, has signed a joint venture agreement with a 60% partnership with Indian ship operator BainBridge Navigation to create a Dubai-based …

Mumbai-based shipowner and operator Shipping Corporation of India (SCI) is gearing up for a major $2.3 billion newbuilding initiative at domestic shipyards, targeting the acquisition of 26 domestically built ships …

Athens-based bulker and tanker shipowner and operator Centrofin Management Inc., led by Greek shipping magnate Dimitris Procopiou, has expanded its kamsarmax bulk carrier newbuilding programme at Hengli Heavy Industry to …

The Polish Steamship Company (Polsteam), a major state-owned bulk carrier enterprise in Poland and also known as Polska Żegluga Morska, has signed a deal to construct up to six handysize …

Great Eastern Shipping (GES), India’s largest private dry bulk and tanker shipowner and operator, has resumed its fleet expansion with the acquisition of the 2015-built kamsarmax bulk carrier 81K DWT …

Charter Party Clauses Preamble of a Charter Party Written agreements typically begin with a preamble that identifies the involved parties (Shipowner and Charterer) and summarizes the core terms of the …

Ship Agent Port Operations In some circumstances, the port agent may be funded and left entirely to operate as planned while giving periodic progress reports to the shipowner. There is …

Shipping General Cargo Maritime Demand for General Cargo When global trade is evaluated by value, it is largely dominated by General Cargo, which mainly consists of Manufactured Goods. Manufacturing refers …

Maritime Attachment In shipping business, one issue challenging maritime parties is to identify shipowner. Owner of a ship may be hard to identify or hidden behind a complex corporate structures …

Charter Party in Dry Bulk Shipping Primarily, there are three (3) types of Charter Parties in use: 1- Time Charter Party 2- Voyage Charter Party 3- Bareboat Charter Party 1- …

Maritime Arbitration Maritime Arbitration facilitates maritime commerce by promoting the efficient resolution of maritime disputes Maritime Arbitration is a separate body of law Maritime Arbitration is a different legal processes …

Future of Shipping This discussion will address three dimensions of maritime transport demand. First, it will explore the key factors influencing the future of global seaborne trade. Second, it will …

Athens-based shipowner and operator W Marine, founded and led by Yiannis Sarantitis who also serves as Norway’s honorary consul in Piraeus, is poised to make its debut in the container …

New York Stock Exchange-listed shipowner and operator Costamare Inc. (CMRE) spin-off Costamare Bulkers Holdings Limited (Costamare Bulkers), a rapidly expanding Athens-based dry bulk shipping company led by Gregory Zikos and …

London-based Greek shipowner and operator Helikon Shipping Enterprises Limited is in the process of offering three supramax bulk carriers for sale, including two of the oldest ships in its fleet …

The Italian-Swiss dry bulk operator Nova Marine Carriers has further consolidated its position as one of the most active participants in the resurgent handysize S\&P (Sale and Purchase) market by …

Maritime security in the Red Sea and Gulf of Aden has sharply deteriorated following a wave of devastating attacks by Yemen’s Houthi rebels on two commercial ships, sparking alarm throughout …

EuroHoldings, which was spun off in Q1 2025 from Nasdaq-listed Greek shipowner and operator Euroseas (ESEA), led by Aristides Pittas, has announced a significant ownership change following the sale of …

Hong Kong and Qingdao-based Chinese shipowner and operator Agricore Shipping ASL has sold the 2011-built kamsarmax bulk carrier 82K DWT MV ASL Venus for approximately $14.5m, reflecting Agricore Shipping ASL’s …

Athens-based Nasdaq-listed shipowner and operator Diana Shipping Inc. (DSX) has finalized an agreement to sell its 2010-built panamax bulk carrier 75K DWT MV Selina for approximately $11.8m to an undisclosed …

When Ship Hire is Payable The Physical Payment of Ship Hire Time charter hire has to be transferred on time from the charterer to the shipowner, normally via a bank. …

Ship Chartering Process Chartering Negotiation Procedure A Charter Party is an agreement formed in a Chartering Market that’s completely driven by the forces of supply and demand. The bargaining power …

Tramp Shipping The Key Characteristics of Tramp Shipping Out of approximately 12.5 billion tons of global seaborne trade recorded in 2024, around 60%—equivalent to 7 billion tons—was moved through tramp …

Ship Management Costs The costs associated with managing ships commonly fall into three (3) categories: 1- Ship Fixed Costs (Ship Capital Costs) 2- Ship Operating Costs 3- Ship Voyage Costs …

Voyage Estimation Ship Voyage Estimation is forecasting of costs and revenues. Unavoidably, Ship Voyage Estimation includes comparing one voyage with an alternative voyage to see which produces the most immeasurable …

Chartering Terms Abbreviations A AA or ASA: Always Afloat or Always Safely Afloat: Charter Party term stipulating that the ship is to berth for loading or discharging without touching the …

ArcelorMittal’s shipping subsidiary Global Chartering Ltd, a 50:50 joint venture formed in 2019 between global steel producer ArcelorMittal and Greek shipping tycoon Peter Livanos-backed DryLog, has secured a long-term charter …

Singapore-based dry bulk operator SeaTrek has introduced a new leadership team featuring several prominent industry professionals, as the Asifur Chowdhury-founded company moves into its next phase of growth, appointing Rob …

Singapore-based shipowner and operator Kumiai Navigation Pte Ltd, a wholly-owned subsidiary of Japanese shipowner Kumiai Senpaku Co Ltd, is strengthening its dry bulk fleet with a new ultramax bulk carrier …

John Coustas-led Nasdaq-listed shipowner and operator Danaos Corporation (DAC) has increased its stake in Athens-based and Nasdaq-listed shipowner and operator Star Bulk Carriers (SBLK), as disclosed in a recent filing …

Shanghai-listed shipowner and operator Fujian Highton Development Co. Ltd has completed a sale and leaseback transaction involving four recently acquired bulk carriers, as the rapidly expanding Chinese shipowner and operator …

Athens-based shipowner and operator Meadway Bulkers Ltd has expanded its shipbuilding programme in Japan by ordering an additional ultramax bulk carrier, as George Dellaportas-led Meadway Bulkers Ltd, founded by the …

Greek shipowner and operator Angelakos (Hellas) S.A. has unveiled an order book comprising eight kamsarmax bulk carriers at Nantong Cosco KHI Ship Engineering Co (Nacks) and Dalian Cosco KHI Ship …

Martinos family firms Eastern Mediterranean Maritime (Eastmed) and Thenamaris Ships Management are preparing to execute a series of ship sales. Greek shipowning heavyweight Thenamaris Ships Management is expected to take …

​Taiwanese shipowner and operator Wisdom Marine Lines Co Ltd has sold two Japanese-built bulk carriers for a total of approximately $36 million. Taipei-based shipowner and operator Wisdom Marine Lines Co …

Athens-based shipowner and operator Lavinia Bulk Ltd. Chief Executive Officer Panos Laskaridis states that the United States’ proposed implementation of substantial port fees on Chinese-built ships presents a more significant …

A significant cocaine seizure occurred on the 2014-built supramax bulk carrier MV Lunita, managed by Norwegian shipowner and operator Ugland Bulk Shipping AS which is the subsidiary of Grimstad-based JJ …

Navilands Group, a Greek ship management company, has secured a prominent new client, signaling its intent for dynamic expansion. The company, supported by Konstantinos Konstantakopoulos, is integrating traditional in-house management …

Marine Insurance Marine insurance is the distribution of risk, the majority each being prepared to contribute a small amount to mitigate the misfortunes of the minority. The majority (insurance company …

Freight Calculations Numerous Freight Calculations must be conducted by the Shipowner to identify the most beneficial Fixture for his ship. The optimal Fixture might be defined as the utilization of …

Laytime Calculations Introduction to Laytime Laytime is the time period agreed upon by the Shipowner and the Charterer during the Voyage Charter, where the Charterer commits to loading and unloading …

G2 Ocean, a joint venture established in 2017 by Grieg Star Shipping and Gearbulk, has successfully increased its profitability despite encountering lower rates for its 120 bulk carriers. The boost …

Grain Shipping 2-April-2025 Brazilian soybean traders are set to ship unprecedented volumes in Q1 2025, fueled by robust demand from China, the world’s top importer, amid ongoing trade tensions with …

Coal Shipping 2-April-2025 During Q1 2025, the world’s largest thermal coal buyers significantly reduced their imports, bringing purchases down to the lowest quarterly total since 2022. The global import volume …

Ore Shipping 2-April-2025 On Monday, iron ore futures declined, influenced by concerns about demand from China, the largest consumer, after local steelmakers reduced production, leading to lower demand for the …

Enterprises Shipping & Trading SA, led by President Victor Restis since its establishment in 1973, is an Athens-based shipowner and operator.Enterprises Shipping & Trading SA specializes in the management and …

Thoresen Thai Agencies (TTA), a shipowner and operator listed in Bangkok and prominently active in the dry bulk sector under its Thoresen Shipping brand, has recently expanded its dry bulk …

The Japanese shipowner Mitsui OSK Lines’ (MOL’s) subsidiary MOL Drybulk and the Belgium-based shipowner and operator CMB.TECH, the shipowning arm overseen by the Saverys family, have entered into a partnership …