• 2018 October 10 13:32

    Star Bulk announces agreements to equip its fleet with exhaust gas cleaning systems

    Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes announced today that it intends to equip its entire fleet with Exhaust Gas Cleaning Systems (“scrubbers”) before the January 1, 2020 implementation date of the new IMO sulfur emission cap  regulation.

    Star Bulk expects average cost, including installation, to be below $2.0  million per vessel. The Company  has  secured debt financing  with an average margin of below 3.0% to cover up to  approximately 70%  of such cost and expects the remaining amount to be covered from operating cash flow and cash on  hand, without  raising equity  for this purpose.  The Company has also secured contracts with leading shipyards for the installation of such systems,  while  in  approximately 35 % of the installations, riding teams  are being deployed to carry out the  retrofitting works onboard the vessels while at sea, reducing off hire time, as a result of  those  installations,  by 50 % to 60%.

    A month ago, Star Bulk successfully completed the first scrubber installation at sea.

    About Star Bulk

    Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the  dry bulk sector. Star Bulk’s vessels transport major bulks, which include  iron ore, coal and grain, and  minor bulks, which include bauxite, fertilizers and steel products. Star Bulk was incorporated in the  Marshall Islands on December 13, 2006 and maintains executive offices in Athens, Greece. Its common  stock trades on the Nasd aq Global Select Market under the symbol “SBLK” and on the  Oslo Stock  Exchange under the ticker “SBLKR”. On a fully delivered basis, Star Bulk will have a fleet of 111 vessels, with an aggregate  capacity of  12.67 million  dwt, consisting of 17 Newcastlemax ,  20 Capesize, 2 Mini  Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 16 Ultramax and 1 2 Supramax vessels with  carrying capacities between 52,055 dwt and 209,537 dwt. The Company holds call options and has sold respective put options on 4 Capesize vesse ls, with exercise dates in early April 2019.




2019 June 15

15:44 Wight Shipyard rolls out its new windfarm support vessel concept at Seawork Int'l 2019
13:17 Malta Freeport hosts its first LNG-powered container ship
12:53 Petrobras closes the sale of TAG
11:41 USCG, local partners respond to sailing vessel aground off Magic Island
08:43 Vessel training simulation underway at Tema Port’s new Terminal 3

2019 June 14

18:05 Ole Martin Grimsrud appointed CFO of Aker Solutions
17:44 USCG Cordova FOL crew saves man stranded for three days on Montague Island
17:05 Knud E. Hansen wins two separate contracts for innovative large RoRo vessels
16:41 Hapag-Lloyd to increase rates from North East Asia to Australia
16:26 Murmansk Sea Fishing Port handled 90,300 tonnes of cargo in Jan-May’2019, down 38.7% Y-o-Y
16:05 CMA CGM announces GRR from Asia to South Africa
15:14 “K” Line receives recognition for vessel speed reduction programs in the West Coast of North America
15:00 UK maritime industry leaders debate decarbonization, digital technologies and the future of safety at the annual ABS UK National Committee meeting
14:00 China Railway Container Transport signs strategic cooperation agreement with SITC International Holdings
13:38 Container throughput of Vladivostok Sea Fishing Port in 5M’2019 up 39% YoY to 89,649 TEUs
13:09 Algoma increases its interest in in the CSL International Pool
12:41 Port of Klaipeda (Lithuania) handled 19.77 million tonnes of cargo in 5M’2019, up 8.5% Y-o-Y
12:09 Global Ship Lease announces new charter agreements
11:32 Bunker prices continue going down at the port of Saint-Petersburg, Russia (graph)
11:09 ECSA issues statement on suspected attack on two oil tankers in the Gulf of Oman
10:51 France signs up to fishing vessel training treaty
10:30 Zhatai Shipyard to let build up to 10 river ships and scrap at least two ships per year
10:07 Jan De Nul plans to reduce CO₂ emissions by 15% a year
09:49 Brent Crude futures price is up 0.64% to $61.69, Light Sweet Crude – up 0.36% to $52.47
09:30 MacGregor automated mooring solution specified for the world's first autonomous and zero-emission container ship, Yara Birkeland
09:16 Baltic Dry Index is up to 1,062 points
09:07 GTT receives an order from HHI to design the tanks of two new LNG carriers
08:53 MABUX: Bunker market this morning, June 14
08:00 Long Beach cargo volumes down 16.6% to 573,623 TEUs in May 2019
07:01 Port of Los Angeles volumes up 7.8 percent to 828,662 TEUs in May 2019
06:58 MPA publishes second edition of guides on IMO 2020

2019 June 13

18:26 Maritime Technology Framework strengthens ties between DSME and DNV GL
18:05 J-ENG presents the latest technologies about MGO mono-fuel engine (UEC-LSJ), together with UEC42LSH and LP-EGR at 29th CIMAC World Congress
17:49 Port of Gdansk delegation takes part in IAPH conference, Guangzhou
17:28 Throughput of port Kaliningrad in Jan-May’2019 fell by 18% Y-o-Y to 4.98 million tonnes
17:04 Throughput of port Vyborg in Jan-May’2019 fell by 39% Y-o-Y to 373,000 tonnes
16:45 MarineTraffic partners with exactEarth to deliver most comprehensive vessel tracking yet
16:23 Throughput of port Primorsk in Jan-May’2019 grew by 8% Y-o-Y to 24.43 million tonnes
16:04 MarineTraffic partners with satellite AIS data provider exactEarth
15:39 Freight turnover of Neva-Metal (Saint-Petersburg) in 5M’19 fell by 10% Y-o-Y to 1.18 million tonnes
14:42 Viking Line announces additional departures on Helsinki-Tallinn routes during summer season
14:21 Throughput of port Vysotsk in Jan-May'2019 climbed by 8% Y-o-Y to 8.06 million tonnes
14:03 Hunter Group chooses OSM for technical management of newbuild VLCC fleet
13:49 Palau is approved by IMO as STCW White List member state
13:48 Jotun signs agreement with Hyundai Heavy Industries for a new type of marine paint
13:32 Bunker prices continue going down at the Far East ports of Russia (graph)
13:14 J-ENG rolls out its latest engine technologies at 29th CIMAC World Congress
12:39 Port of Ust-Luga handled 45.24 million tonnes in 5M’19, up 9% Y-o-Y
12:04 Jumbo awarded transportation & installation contract for Yunlin WTG foundations offshore Taiwan
11:03 Damen Marine Components acquires WK Hydraulics
10:50 Throughput of Port St. Petersburg in Jan-May'2019 climbed by 1% Y-o-Y to 25.01 million tonnes
10:36 Oshima Shipbuilding and DNV GL sign strategic cooperation
10:26 Damen Anchor & Chain Factory inks agreement with Fendercare at Seawork
10:11 Throughput of port Helsinki (Finland) in Jan-May’19 fell by 6.5% to 6 million tonnes (table)
09:52 Brent Crude futures price is up 0.57% to $60.3, Light Sweet Crude – up 0.16% to $51.22
09:33 Bunker prices fall down at the port of Saint-Petersburg, Russia (graph)
09:14 Baltic Dry Index is down to 1,080 points
09:04 MABUX: Bunker Market this morning, June 13
08:56 Miros launches six-month project to test its new fuel efficiency technology

2019 June 12

19:57 T.Mariotti shipyard cuts steel for Seaborn's new expedition ship