Smaller Bulkers Finding Support in the Soybean Trades
Smaller Bulkers Finding Support in the Soybean Trades
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Dry Bulk Market
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Hellenic Shipping News
19/05/2026
T
he dry bulk market for Kamsarmax and Panamax bulkers is finding significant boost in the Brazilian soybean export trade. In its latest weekly report, shipbroker Intermodal said that “Brazilian soybean exports to China have recovered from the March inspection disruption, but the episode has left more scrutiny around Panamax and Kamsarmax fixtures. Cargo quality, certificate timing and sanitary checks now carry more weight in Brazil-China soybean stems, especially when port line-ups are heavy.
Diana Shipping Inc. Cautions of Significant Downside Risk in Genco’s Share Price
Cautions of Significant Downside Risk in Genco’s Share Price
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Hellenic Shipping News
19/05/2026
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that is the largest shareholder of Genco Shipping & Trading Limited GNK (“Genco”), today cautioned that Genco’s current share price appears to be artificially inflated by Diana’s $23.50 per share cash offer, and that, without Diana’s offer, Genco’s share price could return to the persistent discount to NAV at which it has historically traded.
Genco’s net asset value (“NAV”) as of March 31, 2026, based on vesselsvalue.com, is approximately $25.40 per share, which excludes adjustments of at least $0.80 per share for change in control costs, including the cost of accelerated equity implemented by Genco’s Board. Genco’s stock is currently trading around that level with the support of Diana’s offer. Genco’s stock has traded at an average 30% discount to NAV since 20201; if Di
Does timing matter when selling FuelEU surplus?
Does timing matter when selling FuelEU surplus?
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International Shipping News
19/05/2026
Selling FuelEU compliance surplus early offers lower risk. Waiting until the end of the pooling year could deliver higher payoffs, but the window to act is narrow and the outcome is uncertain.
Potential FuelEU Maritime pooling values are large enough to materially reduce the cost of bunkering B100 and liquefied biomethane (LBM) in Europe.
Shipowners using low-emission fuels such as B100 and LBM can generate surplus compliance balances under FuelEU Maritime and sell them to undercompliant vessels within a pool.
Pooling values fluctuate depending on factors including market supply and demand. A softer market can lower offer prices.
The Importance of Fast Turnaround Times for Bunker Fuel Analysis in Today’s Market
The Importance of Fast Turnaround Times for Bunker Fuel Analysis in Today’s Market
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International Shipping News
19/05/2026
In today’s rapidly evolving marine fuel landscape, fast turnaround times for bunker fuel analysis have never been more critical.
Stricter environmental regulations and wider use of alternative fuels has generated increasingly complex marine fuel types and chemistries. In combination with volatile global supply chains and ongoing geopolitical instability, the need for ship operators and technical managers to have rapid and reliable fuel quality intelligence is increasingly important to protect their vessels, crew, operations, and commercial interests.
Following the introduction of IMO 2020, followed by further global and regional environmental legislation geared towards IMO2030/50, there has been a continuous development of lower-sulphur and low-carbon marine fuels, resulting in fuel quality variability across the global bunker market. Different blend components,
Oil prices hover around $110 as U.S.-Iran tensions simmer after UAE drone strike
Oil prices hover around $110 as U.S.-Iran tensions simmer after UAE drone strike
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Oil & Companies News
19/05/2026
Oil prices rose on Monday as tensions between the U.S. and Iran remained high following a drone strike which targeted a nuclear power plant in the United Arab Emirates.
U.S. President Donald Trump warned that the “clock is ticking” for Iran to accept a deal, as reports suggested that the U.S.
Iran Launches Official ‘Persian Gulf Strait Authority’ Account, Declares Unauthorized Hormuz Transit ‘Illegal’
The Malta-flagged tanker Agios Fanourios I, an oil tanker that sailed through the Strait of Hormuz, arrives in Iraq’s territorial waters off Basra,Iraq April 17, 2026. REUTERS/Mohammed Aty
Iran Launches Official ‘Persian Gulf Strait Authority’ Account, Declares Unauthorized Hormuz Transit ‘Illegal’
Mike Schuler
Total Views: 2366
May 18, 2026
The Iranian-backed Persian Gulf Strait Authority (PGSA) has officially launched a public presence on X, marking the clearest effort yet by Tehran to formalize and publicize its emerging control regime over commercial shipping transiting the
Strait of Hormuz
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The newly launched account, operating under the handle “PGSA_Iran,” introduced itself Monday as the “official X account of the Persian Gulf Strait Authority” and said it would provide “real-time updates” on operations and developments in the strategically critical waterway.
In a second post, the organization declared itself the “legal entity and representative authority of the Islamic Republic
Massive Atlantic ‘Cocaine Highway’ Busted in European Maritime Drug Operation
Rigid-hulled inflatable boats used by suspected drug traffickers during a coordinated European maritime operation targeting the Atlantic “Cocaine Highway” between the Canary Islands and the Azores. Source: Europol
Massive Atlantic ‘Cocaine Highway’ Busted in European Maritime Drug Operation
Mike Schuler
Total Views: 1
May 18, 2026
European law enforcement agencies say they have disrupted a major transatlantic narcotics corridor known as the “Cocaine Highway,” seizing 11 tonnes of cocaine and 8.5 tonnes of hashish during a coordinated maritime operation targeting offshore trafficking networks operating between the Canary Islands and the Azores.
The two-week operation, led by Spain’s Guardia Civil and coordinated through Europol, resulted in 54 arrests and the interception of eight vessels suspected of participating in complex at-sea drug transfers designed to bypass major European ports and evade detection.
The crackdown marks the latest escalation in Europe’s growing maritime battle ag
U.S. Coast Guard’s Newest Icebreaker Returns From Arctic Patrol as U.S. Expands Polar Fleet
USCGC Storis (WAGB 21) sits hove to in the ice while conducting ice liberty for the crew in the Bering Sea, April 17, 2026. Coast Guard’s Newest Icebreaker Returns From Arctic Patrol as U.S. Expands Polar Fleet
Mike Schuler
Total Views: 0
May 18, 2026
The U.S.
NASSCO Secures $856 Million for Another Navy Fleet Oiler
The John Lewis-class replenishment oiler USNS Harvey Milk (T-AO-206) conducts a replenishment at sea with the world’s largest aircraft carrier, USS Gerald R. Ford (CVN 78), right, and the Arleigh Burke-class guided-missile destroyer, USS Ross (DDG 71), December 13, 2024. Navy
NASSCO Secures $856 Million for Another Navy Fleet Oiler
Mike Schuler
Total Views: 0
May 15, 2026
General Dynamics NASSCO has received $856 million in funding to build T-AO 217, the latest ship in the U.S.
What a Guinea Bauxite Export Cap Could Mean for Dry Bulk
What a Guinea Bauxite Export Cap Could Mean for Dry Bulk
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Dry Bulk Market
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International Shipping News
13/05/2026
G
uinea has long been a cornerstone of the global bauxite trade, and its rapid export growth over the past five years has been a key driver of Capesize demand and firmer freight rates.
However, the combination of a stalled Chinese aluminum industry, supply glut in the bauxite market, and conflict in the Middle East is now weighing heavily on pricing. The Guinean government is now considering a significant export cap. The change could significantly impact the dry bulk shipping market, freeing up Capesize capacity and sending freight rates falling.
China bauxite demand buoyed Guinea’s export market.