Dry Cargo
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Cosco inks bauxite shipping agreement with SPIC Aluminum
Cosco Shipping Bulk, the bulk shipping unit of Cosco Shipping Group, has entered into framework agreement with state-run SPIC Aluminum…
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Australia bans Chinese bulker for underpaying crew
The Australian Maritime Safety Authority (AMSA) has banned the 2010-built 93,200 dwt post panamax bulker from Australian ports for 12…
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Beijing’s new ‘iron ore security’ policy puts Australian miners on edge
China’s decision to construct a raft of new very large ore carrier (VLOC) terminals is being interpreted by some analysts…
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Explosion rocks Vita Management HQ in Piraeus
Police are investigating a second attack this year on the Piraeus headquarters of Vita Management yesterday. An explosion ripped the…
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Weekly Broker: Dry bulk bottoms out
Dry bulk looks like it has finally bottomed out this week, but owners have been slow to follow up with…
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Castor Maritime strikes for its fifth panamax bulker
Fast growing Nasdaq-listed bulker owner Castor Maritime has entered into an agreement to acquire a 2010-built Japanese panamax dry bulk…
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Borealis confirms panamax bulker sale
Christoph Toepfer-led Borealis Finance has announced the sale of 2008-built panamax bulker Paganini for $8.15m. Splash column Weekly Broker reported…
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Chinese general cargo ship capsizes near Taiwan, four dead
Chinese cargo ship Hong Xiang 819 capsized while sailing near Penghu Islands of Taiwan on Tuesday, resulting in the death…
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Salvage team deployed to refloat bulk carrier off Mauritius
A salvage team has been deployed to refloat the 203,130 dwt bulk carrier after the ship grounded in the southeast…
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CTM’s Supramax RSA grows with York Overseas addition
Monaco’s C Transport Maritime has announced that York Overseas has joined its fast growing Supramax Revenue Sharing Agreement (RSA). York Overseas, part of the Agro Companies…
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Lomar’s CEO dies, aged 56
Achim Boehme, the CEO of Lomar Shipping, died from cancer over the weekend, aged 56, at his home in Bremen.…
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Front Line Capital adds fifth supramax
One of China’s fastest growing owners has sealed its fifth supramax at a cheap price. Su Ning-led Front Line Capital…
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Australia bans Marmaras panamax for underpaying seafarers
The Australian Maritime Safety Authority (AMSA) has announced a ban on 2016-built 82,000 dwt pamamax bulk carrier from Australian ports…
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Asian Bulk Logistics: Beyond coal
Having just bought its first panamax, Indonesia’s coal transfer specialist, Asian Bulk Logistics (ABL) is now looking at entering the…
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Giant bulk carrier runs aground on reef off Mauritius
A giant bulk carrier ran aground on a reef off Mauritius on Saturday evening, despite warnings from the local coast…
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Sansho Kaiun enters dry bulk sector with ultramax order at NACKS
Japanese tanker owner Sansho Kaiun has placed an order at Nantong COSCO KHI Ship Engineering (NACKS) for the construction of a…
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Ningbo Marine to dispose of elderly bulker via auction
Chinese dry bulk shipping operator Ningbo Marine has listed its 1990-built 68,800 dwt panamax bulker for auction on the Zhejiang…
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Chinese port congestion approaching record levels
Chinese port congestion is approaching record levels thanks to rampant demand, dire weather and slower operations because of Covid-19 protocols.…
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Chinese leasing houses rise up the cape ranks
Alphabulk, part of AXSMarine, has compiled its annual list of the world’s largest capesize owners with Chinese banks notably climbing…
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Taipower slashes its fleet
State-owned Taiwan Power Company (Taipower), the island’s biggest energy provider, is axing half of its shipping arm, letting go of…
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