Shipping
ESL acquires m/s Alppila
(Posted on 03/09/19)ESL Shipping Ltd., part of Aspo Group, has acquired bulk carrier Alppila from SEB Leasing. The acquisition was made in accordance with the terms and conditions of the lease agreement signed in 2011.Designed to meet the needs of ESL Shipping's customers, m/s Alppila is a self-unloading bulk carrier specially built for Baltic Sea...
Belships expands fleet
(Posted on 03/09/19)Belships ASA has agreed 7 year bareboat charters for two 61,000 dwt Ultramax bulk carrier newbuildings. The vessels will be delivered by a Japanese shipyard during the fourth quarter of 2019 and first quarter of 2020.The estimated cash breakeven for the Vessels upon delivery is about USD 11,000 per day including operational expenses...
ClassNK reorganizes for 2020 Sulphur Cap
(Posted on 28/08/19)Leading classification society ClassNK has undergone structural changes that include an integration of its point of contacts in order to more quickly and efficiently support clients with the IMO’s upcoming Sulphur Cap which will be globally enforced starting in January of 2020.In light of the increasingly strengthening SOx...
Essar Shipping recognised by AMVER
(Posted on 28/08/19)Essar Shipping Ltd (ESL) has announced that seven of the 12 vessels in its fleet have been recognised by the United States Coast Guard’s Automated Mutual Assistance Vessel Rescue (AMVER) System Programme for their outstanding commitment to safety at sea. The award ceremony was held in Mumbai on 22 August 2019.The seven vessels...
Wallem-managed bulker rescues fishermen
(Posted on 28/08/19)ISL Star, a bulk carrier managed by Wallem Group, together with the U.S. Coast Guard successfully retrieved a crew of eight Indonesian fishermen adrift for over a week after their boat lost power in the middle of the western Pacific.The Hallelujar, a 60ft Indonesian-flagged fishing vessel of wooden construction, had been adrift...
Golden Ocean eyes dramatic turnaround
(Posted on 19/08/19)Golden Ocean Group Limited, the John Fredriksen-owned dry bulk shipping company, has announced its results for the quarter ended June 30, 2019.Birgitte Ringstad Vartdal, Chief Executive Officer of Golden Ocean Management AS, commented: “Following a weak first half of the year, the third quarter has started off on a very strong...
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