Dry Cargo
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Star Bulk shifts commercial activities from Geneva to Singapore
Star Bulk has revealed it has moved its Geneva-based commercial activities to a newly established wholly owned subsidiary based in…
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Peter Livanos buys ED&F Man Shipping
Peter Livanos’s DryLog has made his second company buyout in just two months. The dry bulk firm has moved to…
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Weekly Broker: The bottom of the market
The ongoing doldrums in both the dry bulk and tanker market has failed to curb the appetite of buyers in…
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Tomini Shipping to list in Norway
UAE-based bulker operator Tomini Shipping has registered for listing on the Norwegian Over the Counter (NOTC) market. “Our ambition is…
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Kumiai Navigation orders kamsarmax bulker at NACKS
Japanese owner Kumiai Navigation has placed an order at Nantong Cosco KHI Ship Engineering (NACKS) for the construction of an…
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Shipping should shrug off coronavirus but escalation risks supply chain contagion
In the first of a two-part analysis on the impact of the coronavirus, Dr Adam Kent, managing director, MSI looks…
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Shi.E.L.D. Services secures transshipment contract in Guinea
Milan-headquartered transshipment logistics specialist Shi.E.L.D. Services has secured a contract to manage and operate a transshipment vessel in Guinea to…
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Diana Shipping panamax sale falls through
Greek dry bulk owner Diana Shipping has announced that it has received a notice of cancellation of the contract to…
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World’s third largest steelmaker to close 10% of capacity
The world’s third largest steelmaker, Nippon Steel, will shut nearly 10% of its production capacity to staunch losses amid falling…
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NS United bulker captain goes missing
The US Coast Guard along with the US Air Force and several regional authorities are searching for the captain of…
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Weekly Broker: Capes bottom out
The bargain hunters made another round of acquisitions this week in the secondhand bulker S&P market with the hope that…
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Scorpio seals sale and leaseback for bulker trio with Ocean Yield
Emanuele Lauro’s Scorpio Bulkers has sealed a deal with Norway’s Ocean Yield to sell and lease back ultramax pair SBI…
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Deiulemar co-founder Giuseppe Lembo dies aged 82
Giuseppe Lembo, the last of the three founders of the Torre del Greco-based Deiulemar shipping empire, died yesterday at the…
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Emerging Korean owners lead bulker S&P revival
It’s been a busy week in the sales and purchase segment with plenty of bidders all hoping that the severe…
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CSC Phoenix acquires supramax bulker
Chinese dry bulk operator CSC Phoenix has announced the acquisition of 2003-built 52,400 dwt supramax bulker . The Tsuneishi Cebu-built…
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Grindrod Shipping increases ownership in IVS Bulk to 66.75%
Grindrod Shipping Holdings has announced it has acquired an additional 33.25 percent stake in its IVS Bulk joint venture from…
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Fukujin Kisen sells modern ultramax
Japan’s Fukujin Kisen has decided to sell its oldest ultramax, the three-year-old Shin Kurushima-built . Sources say the ship fetched…
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Noble trims its cape arm
Shortly after Noble confirmed the sale of a 2012-built post-panamax, the commodity trading firm has found a buyer for another…
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80% of the VLOC orderbook now controlled by Chinese leasing companies
Four out of every five very large ore carriers (VLOCs) on order are controlled by Chinese leasing companies, data from…
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Weekly Broker: Capes and falling knives
Dry bulk sentiment plunged in dramatic fashion this week. Capesizes saw a 200% drop in rates in a week to…
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