26-February-2023
New York-listed shipowner and operator Costamare Inc. (CMRE) spin-off Costamare Bulkers chartered out six (6) newcastlemax bulk carriers to Germany-based RWE Supply and Trading for long-term periods. Costamare Bulkers Services Pte. Ltd. is established in Singapore on 20 September 2022 as a private company. Gregory Zikos-led Costamare Inc backs Costamare Bulkers Services Pte. Ltd’s more than half of fleet now includes newcastlemax bulk carriers. Costamare Bulkers Services Pte. Ltd controlled all newcastlemax bulk carriers are all fitted with scrubbers and have been chartered for three to four years in an en-bloc deal. New York-listed shipowner and operator Costamare Inc. (CMRE) spin-off Costamare Bulkers chartered out 2021 built newcastlemax bulk carrier 211K DWT MV Shandong Happiness, 2021 built newcastlemax bulk carrier 211K DWT MV Shandong Innovation, 2021 built newcastlemax bulk carrier 211K DWT MV Shandong Mightiness, 2021 built newcastlemax bulk carrier 211K DWT MV Shandong Prosperity, 2021 built newcastlemax bulk carrier 210K DWT MV Shandong Mission, and 2022 built newcastlemax bulk carrier 210K DWT MV Shandong Renaissance.
26-February-2023
Singapore-based Chinese-backed shipowner and operator Winning Shipping acquired 2008 built capesize bulk carrier 180K DWT MV Ocean Caesar from Kitaura Kaiun. Singapore-based shipowner and operator Winning Shipping is part of Winning International Group. 2008 built capesize bulk carrier 180K DWT MV Ocean Caesar was trading in the NYK fleet. Singapore-based shipowner and operator Winning Shipping paid around $19.5 million for 2008 built capesize bulk carrier 180K DWT MV Ocean Caesar. Robust activity in the capesize S&P (sale-and-purchase) market resumes ahead of anticipated capesize shippin market revival. Winning Shipping is one of the great capesize shipowners with a fleet of 40 large dry bulk carriers.
25-February-2023
Norwegian open-hatch bulker owner and operator Saga Shipholding A/S controlled Saga Welco Pool has driven the forestry products for more than 30 years. NYK Line-owned Saga Shipholding A/S controlled Saga Welco Pool operates Japanese fronthaul plus Norwegian backhaul. Saga Shipholding A/S is wholly owned by the Tokyo-listed NYK Line and part of Norway’s Hesnes group since 1991. Japanese shipowner NYK Line’s open-hatch bulkers are operated in the Saga Welco Pool. Saga Welco Pool has commercial management of all Saga Shipholding’s 34 open-hatch bulkers and Singapore-based Masterbulk’s 18 ships. Saga Welco Pool has been operating ships based on long-term contracts. Saga Welco Pool has balanced fronthaul and backhaul in a specialized niche shipping fleet. Tonsberg-based Saga Welco Pool has a chartering team in Norway and offices on four continents. Currently, Norwegian open-hatch bulker owner and operator Saga Shipholding A/S controlled Saga Welco Pool operates 49 specialized and highly uniform open-hatch bulk carriers.
24-February-2023
Hong Kong-based Bermuda-registered Jinhui Shipping and Transportation Limited reported a $46 million full-year loss for 2022. Hong Kong and Oslo-listed shipowner and operator Jinhui Shipping and Transportation Limited blames the unusually difficult environment in the dry bulk market in 2022. Supramax specialist Jinhui Shipping and Transportation Limited stated a significant contributing factor to the loss is an impairment of around $49 million on the company’s fleet of 22 supramax bulk carriers. Jinhui Shipping and Transportation Limited blamed the loss on an unprecedentedly challenging environment for the poor performance. Jinhui Shipping and Transportation Limited forecast was based on a preliminary assessment of the unaudited consolidated management accounts. Currently, Jinhui Shipping and Transportation Limited owns and operates 22 supramax bulk carriers.
24-February-2023
Copenhagen-based shipowner and operator Lauritzen Bulkers reported an operating profit of $115 million for 2022 from core dry bulk business. In 2021, Lauritzen Bulkers reported an operating profit of $91 million. Danish shipowner and operator Lauritzen Bulkers signed a contract for 16 new handysize bulk carriers after selling almost entire fleet. In 2019, Lauritzen Bulkers transformed into an asset-light handysize ship operator. In 2020, Copenhagen-based shipowner and operator J Lauritzen has split bulk carrier and LPG carrier operations. Niels Josefsen-led shipowner and operator Lauritzen Bulkers boosted bulk carrier renewal progress after a very profitable 2022. Copenhagen-based shipowner and operator Lauritzen Bulker has completely renewed the fleet during a year that saw it make more money despite falling dry bulk freight rates. Lauritzen Bulkers is owned by J Lauritzen. Lauritzen Bulkers achieved the best result for more than a decade. Previously, Danish shipowner and operator Lauritzen Bulkers switched to an asset-light ship operating model.
23-February-2023
Hong Kong-based shipowner and operator Pacific Basin Shipping Limited stated the company will look to expand its fleet of supramax and ultramax bulk carriers. Furthermore, Pacific Basin Shipping Limited will renew the company’s aging handysize fleet. Hong Kong-listed shipowner and operator Pacific Basin Shipping Limited stated that 2022 was an exceptional year for Pacific Basin Shipping Limited. CEO Martin Fruergaard-led shipowner and operator Pacific Basin Shipping Limited will distribute a special dividend on the back of robust financial results. Hong Kong-based shipowner and operator Pacific Basin Shipping Limited seeks to reignite fleet expansion with cash position. Pacific Basin Shipping Limited is set to kick-start the company’s fleet expansion strategy again after filing solid results for 2022. Pacific Basin Shipping Limited plans to finance fleet expansion using cash from the company’s balance sheet. Currently, Hong Kong-based shipowner and operator Pacific Basin Shipping Limited owns 115 bulk carriers and operates 139 chartered bulk carriers.
23-February-2023
New York-listed pure-play capesize owner Seanergy Maritime (SHIP) spin-off United Maritime reported a net income of $37.5 million for Q4 2022. Currently, Stamatis Tsantanis-led Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) spin-off United Maritime owns and operates two (1) capesize bulk carriers, one (1) panamax bulk carrier, and one (1) tanker. On the other hand, Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) owns and operates 17 capesize bulk carriers. Athens-based Nasdaq-listed United Maritime sees most opportunities for profit in dry bulk shipping. Stamatis Tsantanis-led United Maritime was established in July 2022 after spinning off from Seanergy Maritime.
23-February-2023
The long-standing effort to privatize the Shipping Corporation of India (SCI) has overcome a significant obstacle with the government’s approval to demerge its non-core assets. Shipping Corporation of India (SCI) has been granted permission by the Ministry of Corporate Affairs to transfer its non-core assets to a newly established entity, marking a crucial step forward in the government’s intention to sell off its stake in Shipping Corporation of India (SCI). In a regulatory disclosure, Shipping Corporation of India (SCI) announced, “The Ministry of Corporate Affairs has approved the scheme of arrangement for the demerger of non-core assets of Shipping Corporation of India (SCI) into Shipping Corp of India Land and Assets.” This development is part of the Indian Government’s ongoing efforts to privatize Shipping Corporation of India (SCI), a process fraught with bureaucratic challenges since its inception. The Union Cabinet had already greenlit the strategic divestment of Shipping Corporation of India (SCI) in November 2020, followed by an invitation for expressions of interest for the strategic divestment of India’s entire shareholding in December of the same year. Despite receiving several bids by March 2021, the demerger process faced delays. However, the approval of a revised demerger plan now suggests that the privatization of SCI could be finalized by the fiscal year 2024.
22-February-2023
Norwegian maritime investor Ocean Yield secured an agreement to acquire up to 10 ammonia-ready newcastlemax newbuildings from Compagnie Maritime Belge (CMB). Andreas Rode-led Norwegian maritime investor Ocean Yield invested $1 billion in new vessels in 2022. Kohlberg Kravis Roberts & Co. L.P. (KKR)-owned sale-and-leaseback specialist is committed to spending more cash on green ships after a giant investment in 2022. Ocean Yield resumed renewing and diversifying the fleet. Norwegian maritime investor Ocean Yield committed more than $600 million in modern future-proof 10 ammonia-ready newcastlemax newbuildings, bringing the total investment figure for the year to more than $1 billion. Norwegian maritime investor Ocean Yield concentrates on modern ships with long-term charters to creditworthy counterparties. Kohlberg Kravis Roberts & Co. L.P. (KKR) owned sale-and-leaseback specialist has a substantial contract backlog that delivers strong visibility concerning future earnings. Oslo Stock Exchange-listed Ocean Yield was founded in March 2012. Ocean Yield was listed on the Oslo Stock Exchange in July 2013. In 2021, Octopus Bidco AS, a corporation indirectly fully owned by funds advised by Kohlberg Kravis Roberts & Co. L.P. (KKR) and its affiliates , acquired all shares in Ocean Yield.
20-February-2023
Container ship tonnage providers continue to generate profits despite a decline in values. Lomar Shipping, a London-based company led by Nicholas Georgiou, and a select group of German owners are intensifying their efforts by engaging in additional sales of feeder container ships. Lomar Shipping, under the leadership of Nicholas Georgiou, remains committed to disposing of container shipping tonnage for a lucrative gain. The renowned UK-based shipowner, Lomar Shipping, is currently in the process of selling the MV Windermere (built in 2010), which has a carrying capacity of 2,872 twenty-foot equivalent units (TEUs), fetching a commendable price of approximately $17 million, as reported by brokers. This transaction, completed with an undisclosed buyer, signifies a substantial profit for Lomar Shipping, which initially purchased the vessel for around $10 million towards the end of 2020. However, it is important to note that the achieved figure falls considerably short of the remarkable $52 million that Lomar Shipping successfully secured during the market’s pinnacle.
20-February-2023
Athens-based New York-listed shipowner and operator Star Bulk Carriers (SBLK) halves dividend on profit dip. Petros Pappas-led shipowner and operator Star Bulk Carriers (SBLK) stated that the company could not guarantee consistent earnings in volatile shipping markets. Nasdaq-listed shipowner and operator Star Bulk Carriers (SBLK) holds a positive outlook on dry bulk markets despite seasonal spot market weakness. Star Bulk Carriers (SBLK) reported an $85.8 million net income for Q4 2022. Currently, Petros Pappas-led shipowner and operator Star Bulk Carriers (SBLK) has a fleet of 128 vessels.
19-February-2023
FureBear, a distinguished collaboration between Furetank and Toronto Stock Exchange-listed shipowner and operator Algoma Central Corporation, in alliance with Larsson Shipping, has acquired 2008 built tanker 16K DWT MT Fure Skagen (ex MT Algonort). MT Fure Skagen (ex MT Algonort) acquired by Algoma Central Corporation in 2018 from Furetank’s esteemed Gothia Tanker Alliance associate, Rederi AB Älvtank, for a princely sum of $13.5 million, has voyaged from Canadian shores to ply the waters of Northern Europe. Destined to sail under the Faroe Island ensign, MT Fure Skagen (ex MT Algonort) will be under the joint aegis of FureBear and Larsson Shipping, with its commercial ventures steered by Furetank Chartering, a linchpin of the Gothia Tanker Alliance. Sweden-based Furetank Chartering, in unison with St. Catharines-based shipowner and operator Algoma Central, has made a significant investment in a fleet of eight 17K DWT product carriers at the esteemed China Merchants Jinling Shipyard in Yangzhou. The maiden vessel of this fleet is anticipated to grace the seas later this annum. Lars Höglund, the esteemed Chief Executive of Furetank, remarked that the incorporation of Fure Skagen is poised to augment the offerings of the 50/50 joint venture, ensuring a seamless transition and synergy as they ardently await the arrival of the new vessels from the Vinga series, currently being crafted in Chinese dockyards.
19-February-2023
Vintage Very Large Crude Carriers (VLCCs) are being sold rapidly at increasingly higher prices as each passing week of the year goes by, with the Chinese shipowners are being the most active in terms of sales. Chinese shipowning giant COSCO has been working diligently during these recent days, organizing the third sale of an aged Very Large Crude Carrier (VLCC) within the span of a month. Chinese shipowning giant COSCO has been offering these weathered behemoths at historically elevated prices. Chinese shipowning giant COSCO sold 2002 built Very Large Crude Carrier (VLCC) 300K DWT MT Cosglory for around $43 million. Similarly, 2004 built ery Large Crude Carrier (VLCC) MT Cosbright Lake has been made available for prospective buyers. Chinese shipowning giant COSCO has been actively reducing the average age of its fleet for several months now. It sealed its first VLCC transaction in late January after soliciting offers for the MT Lila Zhuhai (ex MT Cosgreat Lake), a Very Large Crude Carrier (VLCC) constructed in 2002. Ultimately, MT Lila Zhuhai (ex MT Cosgreat Lake) found a new home with Lila Global who offered a generous $39 million. COSCO is not the sole seller of these vintage workhorses, as there are numerous other deals in progress.
19-February-2023
Oslo-based sale-and-purchase shipbroker Lorentzen & Co cuts shipbroking team after results disappoint. Currently, Christian Andersen-led sale-and-purchase shipbroker Lorentzen & Co has 16 shipbrokers. Lorentzen & Co is decreasing the shipbrokers after showing its BOD (Board of Directors) disappointing 2022 results. Lorentzen & Co is in discussions with shipbrokers to see who will leave the company. Oslo-based sale-and-purchase shipbroker Lorentzen & Co expressed that eight shipbrokers will leave the company.
18-February-2023
Toronto Stock Exchange-listed shipowner and operator Algoma Central in partnership with CSL have commissioned four (4) methanol-compatible self-discharging bulk carriers from Jiangsu Yangzi-Mitsui Shipbuilding (YAMIC). This four (4) methanol-compatible self-discharging bulk carriers order has been lodged at the collaborative venture of China’s eminent Yangzijiang Shipbuilding and Japan’s renowned Mitsui E&S Shipbuilding. The transaction is divided amongst St. Catharines-based shipowner and operator Algoma Central and CSL, who collectively establish the CSL International Consortium. In continuous pursuit of excellence, Canadian Great Lakes operator Algoma Central Corporation is confidently reinvesting in a commercial sector that has consistently borne fruit for the company. Algoma Central Corporation’s unwavering trust in the enduring partner and in YAMIC’s impeccable reputation for superior craftsmanship and punctual deliveries of these niche assets remains steadfast. Such a collaborative procurement underscores Algoma Central Corporation’s enduring pledge to cater to charterers in a secure and environmentally-responsible manner, harnessing our transoceanic flotilla. Both Toronto Stock Exchange-listed shipowner and operator Algoma Central and CSL preserving the prerogative to commission a further duo of bulk carriers, each anticipated to surpass their predecessors with a staggering 40% efficiency elevation.
15-February-2023
Singapore-based shipowner and operator Eastern Pacific Shipping (EPS) has heralded the triumphant installation of Value Maritime’s Filtree mechanism aboard its managed MT Pacific Cobalt, in the illustrious port of Rotterdam. This exquisite Filtree system, adept in purifying sulphur and eliminating an astounding 99% of particulate contaminants, encompasses Value Maritime’s innovative carbon capture and storage (CCS) module. This module boasts the capability to ensnare up to 40% of CO2 emanations from both the vessel’s primary and supplementary engines. The CO2 is ensnared using a bespoke chemical, judiciously stored within an onboard reservoir, which, during the retrofitting process, was meticulously recoated and repurposed for this exact intent. This reservoir now brims with ample space, effortlessly capturing in excess of 200 tonnes of CO2 during a singular maritime journey. Upon reaching its capacity, the chemical is expertly siphoned out upon docking and handed over to prospective beneficiaries, including greenhouse enterprises or synthetic fuel magnates, granting them the luxury to liberate the CO2 at their discretion. Additionally, the CO2 holds the potential to integrate into carbon sequestration channels, post which, the chemical is diligently returned to the vessel, primed for another cycle of CO2 capture. In Singapore-based shipowner and operator Eastern Pacific Shipping’s (EPS) relentless quest for impactful change, Eastern Pacific Shipping (EPS) curated a diverse spectrum of solutions tailored for myriad vessel categories. The initiation of this state-of-the-art gas purification system dawned in the brisk mid-January of 2023 in Rotterdam, reaching its culmination in a mere 17 days.
14-February-2023
Chittagong-based state shipowner and operator Bangladesh Shipping Corp (BSC) is poised to receive a $22.4 million insurance payout for its 2018-built handysize bulk carrier MV Banglar Samriddhi, which was struck by a rocket during the early stages of the Russia-Ukraine war. The settlement, one of the largest in Bangladesh’s maritime history, will be made through Dhaka-based insurer Sadharan Bima Corporation, with reinsurance handled through Lloyd’s of London broker Tysers. The payout represents a significant financial recovery for the state-run shipowner and operator Bangladesh Shipping Corp (BSC), whose vessel was left abandoned in Ukrainian waters following the incident that resulted in the death of a Bangladeshi crew member and extensive damage to the ship. The bulk carrier MV Banglar Samriddhi arrived at Ukraine’s Olvia Port on 22 February 2022 under charter to Delta Corporation to load a cargo of ceramic clay. Within days, as hostilities broke out between Russia and Ukraine, Ukrainian ports were closed, trapping dozens of foreign-flagged ships, including the Bangladesh Shipping Corp (BSC)-operated vessel. On 2 March 2022, a rocket hit the MV Banglar Samriddhi, killing the third engineer, Hadisur Rahman, and severely damaging the ship’s superstructure and bridge. The remaining 28 crew members were evacuated safely following coordinated efforts between Bangladesh Shipping Corp (BSC), the Ministry of Foreign Affairs of Bangladesh, and the International Maritime Organization (IMO). The ship was declared a constructive total loss, and all procedures were executed in compliance with maritime safety and international insurance protocols. The finalization of the $22.4 million insurance payout underscores the efficiency of Bangladesh Shipping Corp (BSC)’s risk management framework and its adherence to global maritime standards. Bangladesh Shipping Corp (BSC), founded in 1972 shortly after the independence of Bangladesh, remains the nation’s sole state-owned ocean-going shipowner and operator, playing a vital role in securing Bangladesh’s maritime and economic interests. Headquartered in Chittagong with its main corporate offices in Dhaka, Bangladesh Shipping Corp (BSC) serves as the national flag carrier, responsible for transporting essential cargoes including fuel, fertilizers, cement clinker, and dry bulk commodities critical to the nation’s trade and industrial operations. Over the decades, Bangladesh Shipping Corp (BSC) has been a symbol of Bangladesh’s maritime identity and economic sovereignty, ensuring the country’s access to global markets even during times of crisis. During its peak years in the late 1970s and 1980s, Bangladesh Shipping Corp (BSC) managed a fleet of more than 40 ships trading across Asia, Europe, and the Middle East. However, due to limited reinvestment, aging tonnage, and volatile global freight markets, its active fleet gradually declined. Today, Bangladesh Shipping Corp (BSC) operates eight ships, consisting of five dry bulk carriers and three oil tankers. Despite this reduced capacity, the state shipowner and operator has remained financially resilient and strategically vital. In recent years, Bangladesh Shipping Corp (BSC) has entered a new phase of modernization and fleet renewal. Backed by the Government of Bangladesh, the shipowner and operator has embarked on a fleet expansion program that includes the acquisition of secondhand and newbuild ultramax and panamax bulk carriers to meet the growing transport needs of the nation’s power generation and industrial sectors. The corporation’s strategic goal is to expand its fleet to at least ten modern ships by 2026, including both deep-sea and coastal tonnage. This program aligns with Bangladesh’s “Blue Economy” vision, which seeks to maximize the economic potential of the nation’s maritime domain while promoting sustainable practices. Bangladesh Shipping Corp (BSC)’s modernization plan includes the procurement of eco-friendly, fuel-efficient ships compliant with the International Maritime Organization’s (IMO) EEXI (Energy Efficiency Existing Ship Index) and CII (Carbon Intensity Indicator) regulations. These vessels are designed to reduce emissions, optimize energy use, and extend the corporation’s long-term competitiveness in the international shipping market. The organization is also working to digitize its operational infrastructure, adopting advanced fleet management software, real-time monitoring systems, and predictive maintenance tools to enhance efficiency and transparency. Beyond its commercial operations, Bangladesh Shipping Corp (BSC) remains deeply committed to the welfare and professional development of Bangladeshi seafarers. The shipowner and operator employs hundreds of maritime professionals and collaborates with the Bangladesh Marine Academy and other training institutions to prepare cadets and officers for both domestic and international service. The corporation’s ships also serve as a training platform for young cadets, contributing to Bangladesh’s reputation as a reliable source of skilled maritime labor worldwide. The MV Banglar Samriddhi tragedy marked one of the most difficult moments in the organization’s history. However, Bangladesh Shipping Corp (BSC)’s swift crisis response—ensuring crew safety, securing compensation for the victim’s family, and managing the complex insurance process—demonstrated the professionalism and institutional strength of the state carrier. The $22.4 million insurance recovery will help Bangladesh Shipping Corp (BSC) offset losses from the destroyed vessel and reinvest in its fleet renewal program. It will also reinforce the financial position of the organization as it continues to implement its broader expansion and modernization agenda. Today, Bangladesh Shipping Corp (BSC) stands as a symbol of national resilience and maritime ambition, embodying Bangladesh’s drive toward self-reliance in ocean trade. With a century-old port heritage, an expanding fleet, and a renewed strategic mandate, Bangladesh Shipping Corp (BSC) is positioning itself to play a leading role in the next era of South Asia’s shipping landscape. Through disciplined management, state support, and a commitment to modernization, the shipowner and operator continues to uphold its legacy as Bangladesh’s maritime lifeline—linking the nation’s economic aspirations to the global sea lanes.
14-February-2023
Athens-based shipowner Evalend Shipping Co SA chartered out 2023 built kamsarmax bulk carrier 82K DWT MV Sian to Danish shipowner and operator Dampskibsselskabet DS Norden A/S. Greek shipowner Evalend Shipping Co SA chartered out MV Sian for $15,000 per day for one year. Currently, the Baltic Exchange Panamax 5TC rate is $7,779 per day. Lately, Kriton Lentoudis-led Greek shipowner Evalend Shipping ordered two (2) Green Dolphin-type 40K DWT handysize bulk carriers.
14-February-2023
London-based shipowner and operator Union Maritime Limited (UML) sold 2020 built ultramax bulk carrier 63K DWT MV Springfield to New York Stock Exchange (NYSE) listed Connecticut-based shipowner and operator Eagle Bulk Shipping (EGLE). Union Maritime Limited (UML) sold 2020 built ultramax bulk carrier 63K DWT MV Springfield for around $30 million. MV Springfield was built at Cosco Shipping. Currently, New York Stock Exchange (NYSE) listed Connecticut-based shipowner and operator Eagle Bulk Shipping (EGLE) owns and operates 54 bulk carriers total, and 48 bulk carriers are scrubber-fitted. London-based shipowner and operator Union Maritime Limited (UML) will deliver the ultramax bulk carrier MV Springfield to Eagle Bulk Shipping (EGLE) upon completion of its current charter in Q2 2023.
13-February-2023
Italian shipowner and operator d’Amico Societa di Navigazione subsidiary d’Amico Dry Bulk chartered out 2017 built panamax bulk carrier 87K DWT MV Medi Amalfi to Daiichi Chuo Shipping at $17,750 per day for one year. Currently, the Baltic Exchange Panamax 5TC rate of $7,779 per day. d’Amico Societa di Navigazione is one of the few Italian shipowners to have survived and expanded its dry bulk fleet. d’Amico Dry Bulk succeeded in well-timed investments. Italian dry bulk shipowner and operator d’Amico Dry Bulk is the subsidiary of Dry Bulk Rome-based holding company d’Amico Societa di Navigazione. Moreover, Cesare d’Amico is also manager of Milan-listed product tanker company d’Amico International Shipping. Cesare d’Amico will be assisted by his son Emanuele d’Amico who is part of the third generation of the d’Amico family. Currently, d’Amico Dry Bulk owns 20 bulk carriers and operates a fleet of 50 bulk carriers.
13-February-2023
Athens-based New York-listed shipowner and operator Diana Shipping (DSX) chartered out 2017 built newcastlemax bulk carrier 208K DWT MV San Francisco to ship operator SwissMarine for two (2) years. Semiramis Paliou-led shipowner and operator Diana Shipping (DSX) will be receiving $22,000 per day from ship operator SwissMarine. Currently, New York-listed shipowner and operator Diana Shipping (DSX) has four (4) newcastlemax bulk carriers in the fleet. 2017 built newcastlemax bulk carrier 208K DWT MV San Francisco will not be earning as much per day as the bulk carriers did on a one-year charter ending next week. Athens-based New York-listed shipowner and operator Diana Shipping (DSX) will be earning around $15 million from the MV San Francisco deal. Last year, Diana Shipping (DSX) chartered out 2017 built newcastlemax bulk carrier 208K DWT MV San Francisco to Koch Supply and Trading’s ship chartering arm Koch Shipping Pte Ltd for $30,500 per day. Currently, capesize charter rates are around $14,500 per day for long-term. Currently, Athens-based shipowner and operator Diana Shipping (DSX) owns and operates 41 bulk carriers.
8-February-2023
Nasdaq Stock Market (Nasdaq)-listed shipowner and operator OceanPalmakes public share offer in a bid to raise $15 million. In October 2021, Diana Shipping (DSX) spun off three (3) of its vintage bulk carriers into a separately listed company named OceanPal. Robert Perri-led shipowner and operator OceanPal is looking to sell some equity with the expectancy of making $15 million. Athens-based New York-listed shipowner and operator Diana Shipping (DSX) spun off OceanPal priced the public offering of 15 million common shares at $1.01 each. Each OceanPal stock may be purchased as either a common share or a pre-funded warrant or a Class B warrant to buy one common share. Currently, Athens-based shipowner and operator Diana Shipping (DSX) owns and operates 35 bulk carriers.