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

Globus Maritime has lined up a time charter for one of its panamax bulkers. According to the Baltic Exchange, ED&F Man Shipping fixed the 56,867-dwt Star Globe (built 2010) for up to four months at a rate of around $10,000 per day.
In the first half of 2014, Chinese seaborne coal imports declined 0.4% y-o-y to 148mt, largely reflecting a 3.3% fall in imports of steam coal. Meanwhile, imports of lignite (a low-quality coal), which have risen strongly over the last few years, have remained a bright spot. In the first six months of the year, Chinese lignite imports increased by more than 20% y-o-y to 36mt.
In recent times, China’s iron ore imports have been one of the most impressive growth stories in dry bulk trade, with imports rising from 305mt in 2004 to 795mt in 2013.

Intermodal reports deals involving Greek players in the secondhand market week 34. In the Panamax sector, we had the sale of the “ZHUSHUI 5” (79,501dwt - blt 12, China) , which was picked up by Greek buyers for a price of $20.9m.

Market Reports


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