The effectiveness of this strategically diversified portfolio as well as our skill at profiting from market fluctuations is shown by the fact that our earnings from bulkships did not fall even though market rates for dry bulkers
and VLCCs declined during the past fiscal year.
The studies reached across the maritime community and across nations and, together, pinpointed several reasons, including: the age of bulkers
(all but two of the bulkers
lost in 1990 were 15 years old or more, while six were more than 20 years old); the types of cargoes carried (coal or iron ore may encourage corrosion, while other cargoes may not); and high-speed loading procedures that cause stress to corroded hulls.
On the Great Lakes, bulkers
are a thing of the past - except for grain," said McPhee.
Mohammad Emir Amwani Abdullah, CEO, Dato Khairil Anuar Hj Azikz, Group Chief Operating Officer and Azman Bin Ahmed, Vice President/CEO Felda Johore Bulkers
wile the Finance Minister was assisted by the senior officials of the Finance Ministry.
The vessels were: Energy Centaur -- the 74,995 dwt tanker owned by Enterprise Shipping & Trading; Free Hero, the 24,318 dwt bulk carrier owned by Free Bulkers
SA; Adventure, the 41,035 dwt tanker owned by Sea World Management and Trading; Argosy, the 41,035 dwt tanker owned by Sea World Management and Trading; Lucky Carrier, the 18,002 dwt bulk carrier owned by Seabulk Shipping SA; Olympic Legacy, the 302,789 dwt tanker owned by Springfield Shipping Co Panama SA; Olympic Loyalty, the 303,184 dwt tanker owned by Springfield Shipping Company Panama SA; and Chios, the 301,824 dwt tanker owned by Sun Enterprises.
Seaborne gangs have increased their attacks in the Indian Ocean and Gulf of Aden in recent months, making tens of millions of dollars in ransoms from seizing ships, including tankers and dry bulkers
They can range from single hold bulkers
to huge ore ships capable of carrying an astonishing 365,000 metric tonnes deadweight.
Some of the newer shipyards (in South Korea and China) are going to suffer a great disappointment,' said Polys Hajioannu, chief executive of bulk shipper Safe Bulkers
are tied to the success of grain crop sales and the sales efforts of the Canadian Wheat Board.
Flag Jones Act dry bulk fleet today (131,000 dead weight tons), which consists of two handysize bulkers
and four tug/barge units.
The shipbuilding market is segmented on the basis of ship type: Bulkers
, Tankers, Containers, LPG & LNG and other special vessels.
In doing so Scorpio Bulkers
has granted further options to Scorpio Tankers Inc.