Dry Cargo
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ASP Ships Group buys into Coastal Bulk Shipping
Australian shipmanagement and services firm ASP Ships Group has acquired a 50% shareholding in New Zealand’s Coastal Bulk Shipping (CBS).…
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Clarksons warns seaborne trade could contract by 5% in 2020, the largest decline for over 35 years
Clarksons Research has published updated guidance on the potential shipping downside brought about by the spread of coronavirus, warning seaborne…
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Gearbulk renegotiates charter rates with Japanese owners
Norwegian bulk carrier operator Gearbulk is renegotiating charter rates with Japanese shipowners who have their vessels on long-term charters to…
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Sterling takes second BW kamsarmax
Bulker sales are thin on the ground this month. One rare sale however has caught the eye. BW Dry Cargo…
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Capes back in breakeven territory despite Vale’s projected production cuts
Just as capesizes had broken even for the first time this year, Brazilian miner Vale has delivered news that could…
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Abu Dhabi Ports zooms into dry bulk shipowning
Abu Dhabi Ports has zoomed into the dry bulk shipping sector, sealing its first bulk carrier acquisition with remote closing…
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Wah Kwong boss hails financial resilience of shipping during the coronavirus crisis
William Fairclough, the managing director of Hong Kong shipowner Wah Kwong Maritime Transport Holdings, has hailed the financial resilience of…
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Weekly Broker: Global Lockdown puts a clamp on sales
The Global Lockdown – as the International Monetary Fund has termed this year’s recession – has also put the brakes…
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Diana Shipping panamax fixed to Uniper at reduced rate
Greek dry bulk owner Diana Shipping has entered into a time charter contract with Uniper Global Commodities for 2005-built panamax…
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Vietnamese stock up on handies
Older bulkers are still popular with Southeast Asian buyers. Tan Binh, a fast growing shipowner from Vietnam, has emerged as…
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Great Lockdown set to be worst recession since the Great Depression: IMF
The International Monetary Fund (IMF) has warned the recession sparked by the coronavirus is on track to be the worst…
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Two horsemen of the apocalypse
It’s too late to buy that VLCC. It’s far too late to sell anything, but you might want to try…
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China restocking sees capes on the rise
China restocking has seen capesize rates post impressive gains in recent days, finally approaching breakeven levels. The Baltic Exchange capesize…
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Nasty, brutish, but short; shipping must navigate gaping downside risks to avoid a great depression
A rapid market recovery is dependent on the success of policy responses and failure could be disaster, writes James Frew…
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South African authorities investigate claim stowaways abandoned at sea by Chinese bulker
The South African Maritime Safety Authority (SAMSA) and local police have launched an investigation after two Tanzanian nationals claim to…
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C Transport Maritime takes another Diana Shipping capesize on charter
Greek dry bulk owner Diana Shipping has entered into a time charter contract with John Michael Radziwill-led C Transport Maritime…
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Fukunaga Kaiun joins CTM’s Supramax RSA
Japanese owner Fukunaga Kaiun has joined C Transport Maritime’s Supramax RSA having placed the 2012-built into the pool. Fukunaga Kaiun…
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Sino-Global enters dry bulk
NASDAQ-listed Sino-Global Shipping America, best known for its ship agency business, is moving into dry bulk shipping, signing an agreement…
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Pacific Basin puts the brakes on acquisitions
Pacific Basin, Hong Kong’s largest shipowner by fleet number, is putting the brakes on fleet expansion plans. In a release…
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Fredriksen poaches Avance Gas CEO to head up Golden Ocean
John Fredriksen has found a new CEO for his dry bulk company, Golden Ocean, just over four months after Birgitte…
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