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Dry Cargo
Vietnam’s ITC seals $7m profit from sale of bulker pair
One of Vietnam’s fastest growing owners, International Transportation and Trading Joint Stock Company (ITC Corp), is behind this week’s finest…
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Tankers
Plenty of vintage VLCCs changing hands
S&P has activity has shifted towards tankers, in particular older VLCCs where prices are rocketing. Brokers report that Greece’s Eastern…
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Dry Cargo
ArcelorMittal linked to six Essar mini-capes
Earlier this year, broker sources revealed that India’s Essar Shipping was tempting the market, marketing its six mini-capes, all 106,000…
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Dry Cargo
Rare mini-capes up for sale
Dry bulk S&P continues at full speed. The bullish momentum is turning into the norm. Broker sources reveal that India’s…
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Dry Cargo
Great Eastern plays the bulker S&P markets
India’s Great Eastern Shipping continues to make waves in S&P, sealing one deal after another. The latest deal involves selling…
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Dry Cargo
Chinese owners find buyers for multiple bulkers
March has been a manic month for dry bulk S&P, with Chinese names dominating the sales statistics. Small- to medium-sized…
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Tankers
Formosa Plastics prunes tanker fleet
Taiwan’s Formosa Plastics Marine Corporation is back in the secondhand market. It has just sold a 10-year-old ballast water system…
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Tankers
VLCC orderbook grows
Despite miserable days in the VLCC segment owners believe in better days. Eight VLCC newbuildings have been signed so far…
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Dry Cargo
Goldwin finds buyer for its penultimate bulker
Numerous brokers report that one of Hong Kong’s most speculative owners, Goldwin, has approved the price for half of its…
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Tankers
Dynacom tipped to have taken a Xihe VLCC
A nine-year-old VLCC from Xihe Group has been sold, the most modern VLCC sold so far by the shrinking outfit.…
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Dry Cargo
Berge Bulk in for two capes
Cape prices have been firming over the past week as have rates. Healthy activity in both basins saw capesize average…
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Dry Cargo
EGPN seals first asset play
One of Chinas fastest-growing private owners, EGPN Bulk Carrier, has sealed its first asset play. Seasure Shipbroking, Advanced Shipping &…
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Dry Cargo
Winning exits the supramax sector
It’s full speed ahead in S&P. Three factors are pushing up activity. First, the expected Covid recovery and rates leaping…
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Dry Cargo
Angelicoussis takes Sinokor newcastlemax resale
John Angelicoussis’s Maran Dry has dived into the secondhand market for the first time this year, snapping up a 210,000…
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Dry Cargo
U-Ming sells elderly cape
U-Ming Marine’s fleet renewal plan is gathering pace. Last month U-Ming entered into a shipbuilding contract with Qingdao Beihai Shipbuilding…
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Dry Cargo
Globus Maritime takes fleet to eight
Nasdaq-listed Globus Maritime has been linked to one more kamasarmax, a ship sold by Nissen Kaiun. Earlier this month the…
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Dry Cargo
Peaks Maritime makes swift bulker profit
A ship registered as owned by Peaks Maritime has been sold in a deal that appears to be one of…
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Dry Cargo
Cido has a bulk clear-out
Sales efforts by industry heavyweight Cido Shipping are filling broker reports across the globe as it cuts its exposure to…
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Dry Cargo
Nisshin Kaiun sells third ship this month
Nisshin Kaiun has emerged of the seller of the ship taken by Globus Maritime as reported by Splash last week.…
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Tankers
Crude tanker sales sealed
Interest in tanker tonnage is picking up with buyer appetite concentrating on crude. Active sales discussions over the part fortnight…
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