Dry Cargo

Delphin Shipping Adds Super Fuel-Saver to Its Fleet

Greek ship operator Delphin Shipping has pioneered a fuel-saving supramax bulk carrier that burns 14% less fuel oil than other vessels of its class, type and size.

The vessel, Aquila, was based on a Chinese design by Shanghai Ship Research and Design Institute (SDARI), with a unique propulsion device known as a Mewis duct. The ship’s design appraisal, build and sea trials were supervised by Lloyd’s Register.

Aquila’s output has been reduced by almost 1,000 kW to 8,500 kW while its fuel consumption is significantly less than similar bulk carries, falling significantly from 29.4 tonnes to 26 tonnes at a speed of 14 knots.

Dry Cargo News

While the broad market’s weakness might explain part of the recent sell-off in the Guggenheim Shipping ETF (SEA) and dry bulk shipping companies such as Safe Bulkers, Navios Maritime Holdings, Diana Shipping and DryShips, these were also negatively affected by falling Capesize rates.
Polembros have snapped up bulk carrier “Zhushui 5” (79.501/2012), the Fearnleys Weekly Market Report notes. The price reported is USD 24.5 million.
Golden Destiny reports Greek players invested a total of USD 1.968 billion in vessel acquisitions during March 2014 (-123,08% change compared to previous month – A 66% rise compared to same month 2013). A total of 58 units were bought by Greeks with an overall deadweight of 5.865.347.

Three capes and one panamax changed hands this week (15) as players are taking position for potential market’s upside; Moundreas of Greece have purchased en bloc cape sisters PACIFIC CHALLENGER & PACIFIC ENTERPRISE (149K BLT 1995/1996 DALIAN/CHINA) for $13 mill each, a level in line with current market.

Market Reports


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