Lisbon-based shipowner and operator Portline Bulk International sold 2012 built supramax bulk carriers 56K DWT MV Port Hainan, MV Port Dalian, and MV Port Canton for around $29 million en bloc. Portline Bulk International sold three supramax bulk carriers to Chinese shipowner and operator. MV Port Hainan, MV Port Dalian, and MV Port Canton were built at Cosco Zhoushan Shipyard. In July 2020, Portline Bulk International sold 2005 built supramax bulk carriers 52K DWT MV Pacific Sophia (ex MV Sabrina 1) and MV Pacific Freida (ex MVFlorinda 1) for around $5 million each. Portline Bulk International sold MV Pacific Sophia (ex MV Sabrina 1) and MV Pacific Freida (ex MVFlorinda 1) to Chinese shipowner and operator Tosco Keymax International Ship Management. Portline Bulk International is led by Jorge Fernandes. Portline Bulk International has been in a fleet renewal programme. In 2019, .Portline Bulk International took delivery of two (2) new-buildings from Oshima Shipbuilding and Imabari Shipbuilding. Currently, Portuguese shipowner and operator Portline Bulk International has a fleet of 15 bulk carriers. 18-November-2020
Portuguese shipowner and operator Portline Bulk International’s sister company Port Dragon Bulk measures that slow steaming can be more cost-effective than LNG propulsion for the mid-size bulk carrier segment. According to Lisbon-based shipowner and operator Portline Bulk International’s sister company Port Dragon Bulk, super slow-steaming can keep a standard ultramax bulk carrier in operation for another 24 years while compliant with the IMO’s (International Maritime Organization) decarbonization roadmap. IMO (International Maritime Organization) has endeavored to decrease greenhouse gas emissions from international shipping by 50% from 2008 before 2050. Conventional bulk carriers can stay on the IMO’s (International Maritime Organization) decarbonization roadmap through 2034 when deliberately decreasing operational speed to 10 knots. If ship operators reduce the speed to 8 knots, the bulk carriers would remain compliant with the IMO’s (International Maritime Organization) decarbonization roadmap aim until 2043. Port Dragon Bulk is a ship-operating agency of Lisbon-based Portline Bulk International. According to Portline Bulk International’s sister company Port Dragon Bulk, LNG propulsion is extremely expensive for ultramax shipowners. Furthermore, LNG bunker infrastructure also needs to be improved. According to Portline Bulk International’s sister company Port Dragon Bulk, shipowners need to have more time to use renewable energy fuels that can support to reach the IMO’s (International Maritime Organization) 2050 target. 8-November-2019
Lisbon-based shipowner and operator Portline Bulk International has been fined $1.5 million in the United States pollution case after one crew member confirmed a bogus oily water separator (OWS). Portline Bulk International operated 2001 built supramax bulk carrier 51K DWT MV Achilleus had falsified entries in an oil record book which is used to track the disposal of bilge water. Portline Bulk International has agreed to pay $1.5 million after the company admitted in a plea deal. United States Coast Guard (USCG) inspectors identified the false documentation on board of MV Achilleus. Portline Bulk International’s two (2)engineers face fines of up to $250,000 and a maximum of six (6) years in prison. If the United States’ judge approves the Portline Bulk International plea deal, 33% of the fine would go to whistle-blowers of MV Achilleus. Frequently, Oily Water Separator (OWS) is bypassed by running bilge water through a hose that is the so-called Magic Pipe among seafarers. Magic Pipe system is to hook up the bypass hose a day or two after the ship left port and leave it connected, under the deck plates, during the oceanic voyage. Before entering a new port, the hose is disconnected and hidden in a ship’s storage room. 15-May-2019
Portline Bulk International sold ultramax dry bulk carrier MV Port Belavista for around $18 million with a time charter attached to Pacific Basin Shipping at $5,700 per day until May 2017. In 2014, Portline Bulk International bought MV Port Belavista for around $28 million. After selling MV Port Belavista, Portline Bulk International will have 13 trading dry bulk carriers left in the fleet. 26-November-2016