Trade prices are not sourced from all markets ... grain, steel products and other drybulk cargoes along worldwide shipping routes. Norsepower has completed the installation of two 35-metre tall tiltable Rotor Sails on a roro for it to achieve reductions in fuel consumption, fuel costs and emissions by up to 25%. 1 x Handysize Bulker 2011 – 2013 Loan “Owner” Norway 1 x Handysize Bulker 2011 – 2014 Loan “Bomar Moon” UK 1 x Mini-Bulker 2010 – 2017 AIRCRAFT: Aerolitoral Mexico 11 x Embraer 145 Jets, 50 pax 2005 - 2016 Carpatair Romania Except the conventional handysize, there are also those handysize bulkers of heavier construction which can load logs (along with other conventional cargoes). These ships are capable of traveling to small ports with length and draught restrictions, as well as lacking the infrastructure for cargo loading and unloading. When republishing the content of IAA PortNews, active hyperlink to the Agency is required. A handysize bulker was reported to be flooding and in danger of sinking after it experienced a cargo shift, according to a Lloyd’s List Intelligence casualty report. Handysize is a naval architecture term for smaller bulk carriers or oil tanker with deadweight of up to 50,000 tonnes,[1] although there is no official definition in terms of exact tonnages. The Baltic Dry Index (BDI), is issued daily by the London-based Baltic Exchange.The BDI is a composite of the Capesize, Panamax and Supramax Timecharter Averages.It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether. Find the latest Danaos Corporation (DAC) stock quote, history, news and other vital information to help you with your stock trading and investing. Not restricted to Baltic Sea countries, the index provides "an assessment of the price of moving the major raw materials by sea. Trade routes. Handymax/ Supramax. Genco Shipping to acquire 3 ultramax vessels in exchange for 6 older handysize vessels 21 Dec 2020: Scorpio Bulkers announces exit from dry bulk sector, classifying its fleet as held for sale 21 Dec 2020: Diana Shipping announces sale of a 2001-built panamax for $5.75 m. and T/C for a 2010-built capesize at $14,000 / day 21 Dec 2020 They are used to carry small bulk cargoes, often in parcel size where individual cargo holds may have a different commodity. Taking in 23 shipping routes measured on a timecharter basis, the index covers Handysize, Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain. - Despite multiple recent orders for new ships, the handysize sector still has the highest average age profile of the major bulk carrier sectors. Norton Rose Fulbright, the corporate law firm with strong shipping roots, is to shed 132 jobs as part of a restructuring . Today, most of handysize vessels operate within regional trade routes. The best way to find the definition of the term you are searching for is by pressing ctr+f in your web browser to pop up the search bar and type the term you want to find. Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the transportation of major and minor bulk commodities globally, has entered into an agreement to acquire three modern, eco Ultramax vessels in exchange for six older Handysize vessels, the company said in its release. The OOW Maritime Dictionary is updated at frequent intervals. German exports shrank by at least 12% this year as demand from the United States and Britain collapsed due to the coronavirus pandemic while Asia remained the only bright spot for Europe's largest economy, the BGA trade association said on Tuesday. Genco is to acquire the following three Ultramax vessels…Vessel Type DWT Yard Built Year BuiltTBR: Genco Vigilant Ultramax 63,671 Jiangsu 2015TBR: Genco Freedom Ultramax 63,671 Jiangsu 2015TBR: Genco Magic Ultramax 63,446 Jiangsu 2014 …in exchange for the six Handysize vessels belowVessel Type DWT Yard Built Year BuiltGenco Ocean Handysize 34,409 SPP 2010Baltic Cove Handysize 34,403 SPP 2010Genco Avra Handysize 34,391 SPP 2011Genco Mare Handysize 34,428 SPP 2011Genco Spirit Handysize 34,432 SPP 2011Baltic Fox Handysize 31,883 Hakodate 2010. A handysize bulker was reported to be flooding and in danger of sinking after it experienced a cargo shift, according to a Lloyd’s List Intelligence casualty report. © 2004—2021 PortNewsPhone: +7 (812) 570 78 03E-mail: mail@portnews.ru. Compared to larger bulk carriers, handysizes carry a wider variety of cargo types. Handysize is also sometimes used to refer to the span of up to 60,000 tons, with the vessels above 35,000 tonnes referred to as Handymax or Supramax. [2][3], Their small size allows Handysize vessels to enter smaller ports to pick up cargoes, and because in most cases they are 'geared' - i.e. The best way to find the definition of the term you are searching for is by pressing ctr+f in your web browser to pop up the search bar and type the term you want to find. The majority of the information presented below has been compiled from various sources either from the internet or through personal day to day work … "The COVID-19 pandemic has pushed us back five years when it comes to trade - and at the same time it has catapulted us … Maersk hopes to consolidate its share of the Europe-Asia trade with the addition of the Triple-E class ships. [citation needed]. Some handysizes are also fitted with stanchions to enable logs to be loaded in stacks on deck. Genco Shipping & Trading Limited transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. Today, most of handysize vessels operate within regional trade routes. The OOW Maritime Dictionary is updated at frequent intervals. Maersk plans to use the ships to service routes between Europe and Asia, projecting that Chinese exports will continue to grow. Genco Shipping & Trading to acquire three modern Ultramax vessels in exchange for six older non-core Handysize vessels. (Bloomberg) -- Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s main trade route.Supertankers delivering 2-million-barrel shipments of the kingdom’s oil to China are losing $736 a day for the privilege, according to data from the Baltic Exchange in London … (Bloomberg) -- Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s main trade route.Supertankers delivering 2-million-barrel shipments of the kingdom’s oil to China are losing $736 a day for the privilege, according to data from the Baltic Exchange in London on Tuesday. Except the conventional handysize, there are also those handysize bulkers of heavier construction which can load logs (along with other conventional cargoes). Genco Shipping to acquire 3 ultramax vessels in exchange for 6 older handysize vessels 21 Dec 2020: Scorpio Bulkers announces exit from dry bulk sector, classifying its fleet as held for sale 21 Dec 2020: Diana Shipping announces sale of a 2001-built panamax for $5.75 m. and T/C for a 2010-built capesize at $14,000 / day 21 Dec 2020 Commercial use of IAA PortNews content without the Agency’s written consent is prohibited. 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