Golden Ocean has announced its next steps in fleet renewal with an order for three 85,000 dwt Kamsarmaxes to be built at a Chinese yard and delivered between Q3-2023 and Q1-2024. The vessels are said to be equipped to sail with two different fuel types, thus improving flexibility and fuel efficiency as well as curbing emissions compared to traditional ships.
South Korean shipping giant Pan Ocean says its bulk carrier fleet is now operating just under 300 ships, a line that will likely be exceeded in the near future. Having revealed at an investor relations meeting that it presently operates 293 bulk carrier vessels, Pan Ocean says that 76 of these ships were acquired in the first six months of 2021. Roughly two thirds of the bulkers (191) are chartered in, says the company.
Easing sentiment in the bulker trades has seen share prices fall over the past week among the New York-listed bulk carrier stocks. Indeed, Diana Shipping [DSX] seems to be the only listed bulker company with positive (+4.3%) growth over the week—perhaps due to recently announced plans to combine its bulker and tanker interests—to trade at US$ 5.32 at week’s end. Declines have been minor, all the same, with Star Bulk [SBLK] down by the most (-5%) to trade at a still-strong price of US$ 23. The rest of the listed bulkers fell by around 1-3% week-on-week.
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