In a stock exchange filing today, Hyundai Merchant Marine announced they have exercised an option to build a pair of 82,000 dwt bulk carriers for a total consideration of approximately USD $52.7 million.
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Baltic grain exporters are seeing a boost in demand as blocked supplies from the Black Sea region are spurring buyers to seek alternative sources.
Twenty-two seafarers remain missing after the Panama-flagged bulk carrier Ocean Winner sank in the Bay of Bengal, triggering a major search and rescue operation involving the Indian Coast Guard and passing merchant...
The long-term safety record for bulk carriers continues to improve, but the industry faces an increasingly complex risk environment that extends beyond traditional operational hazards, according to INTERCARGO’s latest casualty...
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