METEOR

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Latest news

Bulkcarrier disabled following engine room fire

On Jan 23, 2020, around 11 p.m. a fire broke out in the engine room of the 'BW Acorn' in the Gulf of Aden. The ship was enroute from Fang Cheng Gang to Suez. The fire was extinguished by the crew within 3,5 hours. In the foremidday of Jan 24 the bulk carrier was disabled and adrift in pos. 13° 4.01' N 048° 46.02' E.

Sold

SOLD FOR ABT US $12.5 MIL TO SINGAPORE BASED BYRS (BANK-DRIVEN SALE)

BW Dry Cargo fixes first bulker to Glencore

W Dry Cargo, the new Sohmen-Pao venture, is up and running, brokers report, nailing its first fixture with what onlookers describe as good rates. The kamsarmax BW Acorn, acquired a few days ago, has been fixed with Glencore for one year at $6,000 a day, with an option for a second year at $7,000 a day. BW Dry Cargo, a new affiliate of the BW Group, bought the BW Acorn, formerly known as Meteor, from Orion Bulkers for $12m earlier this month as it moved to get back into dry bulk for the first time in a decade. In 2007, Berge Bulk was formed as a separate private dry bulk firm, distinct from the BW Group, headed by James Marshall, the son-in-law of Dr Helmut Sohmen. Sohmen has since handed over the reins of the BW Group to his son, Andreas Sohmen-Pao, who has decided that with prices so cheap now is the time to reenter the sector.