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Dry Bulk
Off-spec VLSFO detected at six key ports
Compliant fuel oil blends at six ports are found to contain off-specification sediments, according to one fuel-testing firm
Russia key to global seaborne coal market
By 2040, Russia is expected to overtake Indonesia as the biggest exporter of coal, as the Southeast Asian country’s thermal coal production stagnates, according to the International Energy Agency
Market Insight
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Latest From Capes, Handies, Panamax & Ultra and supras
Danaos buys second post-panamax in return to growth
The Greek owner’s most recent previous acquisitions were in 2014 and the new purchases underline the company’s rehabilitation
Dry bulk market fragile as sulphur cap takes its toll
Stifel analyst Benjamin Nolan suggests there is a need to either to reduce the cost of freight or increase the price of the commodity being sold to re-balance the dry bulk market
India’s coal sector reform to replace up to 135m tonnes of imports
The privatisation of coal mines will have a knock-on effect on dry bulk shipping, which has benefited from the increased demand for seaborne coal in the previous year
Equity Watch
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Latest From Diana Shipping Inc, Golden Ocean, Safe Bulkers, Scorpio Bulkers & Star Bulk
Star Bulk says fitting scrubbers was a right decision
The scrubber investment was a hedge against high fuel costs and was a medium-term solution for the company, which will now focus on decarbonisation efforts
Safe Bulkers signs sale and leaseback deal for eight ships
Safe Bulkers also entered into a three-year unsecured revolving credit facility with a $15m draw-down capacity
11 John Fredriksen, Fredriksen Group
One of the last big personalities in shipping, the Norwegian-born billionaire is selling off stakes in companies and reducing his workload as he reorganises his considerable maritime assets for passing on to his twin daughters
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