Cement News tagged under: Eureka Shipping

RSS feed

Royal Bodewes to build two new cement carriers

02 July 2021, Published under Cement News

Dutch shipbuilder Royal Bodewes has received an order to build two more cement carriers for Cyprus-based Eureka Shipping, according to MarineLink. The two newbuilds will be the fourth and fifth in a series of vessels for Eureka, a joint venture between SMT Cement Ships and the CSL Group. The self-discharging carriers will be sisters to Aalborg White, ordered in 2017 and delivered in 2019.

CSL Group set to acquire 50% of Eureka Shipping Ltd

16 May 2019, Published under Cement News

SMT Shipping (SMT) and The CSL Group (CSL) have entered into an agreement for CSL to acquire 50 per cent of Eureka Shipping Ltd, SMT's pneumatic cement vessel business. The new joint venture will allow Eureka and CSL to combine expertise, resources and innovative technologies to expand services to customers in the seaborne cement powder and fly ash transportation markets around the world, according to a press release. CSL's Australian cement shipping business is not included in the joint ...

Freight rates dampen scrapping trend

05 October 2018, Published under Cement News

Better-than-expected dry bulk freight rates have done little to encourage shipowners to scrap  their older vessels, despite warnings of ongoing market volatility due to a lack of scrapping activity. The Baltic Dry Index (BDI) hit 1773 points in the first week of August, compared to 1250 in the opening week of June, making owners increasingly reluctant to ditch their older tonnage. According to a report by Allied Shipbroking, only three dry bulk vessels were scrapped in the latter half of Aug...