Dry Cargo
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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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Maple Leaf springs for first post-panamax
Chinese handy specialist Maple Leaf, the shipowning arm of Taizhou Maple Leaf Shipbuilding, has dipped into the secondhand market. The…
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Cape sales filter in
James Marshall-led Berge bulk continues to renew his 50-ship strong cape arm, broking sources tell Splash. This week the Singapore…
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American Commercial Lines to file for Chapter 11
American Commercial Lines, an Indiana-based dry bulk operator, has announced that it has agreed with its lenders to file for…
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Eko Shipping takes bulker from Nova Marine Carriers
Turkish company Eko Shipping emerged this week as the buyer of modern small bulker , sold by Switzerland’s Nova Marine Carriers.…
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Eastern Pacific Shipping makes emissions data public
Idan Ofer’s Eastern Pacific Shipping (EPS) has laid bare its commitment to the decarbonisation of the industry by publishing its…
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Soloi fleet clear-out gathers pace
Dakis Joannou-controlled Soloi is having a fleet clear-out. Having sold a 2009-built panamax bulker, Crystal Wind, for $13m in August,…
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Markets take a coronavirus battering
On a brutal morning at the markets, almost $370bn in market capitalisation was wiped off the benchmark Shanghai Composite index…
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Baltic Capesize Index hits record low, closing on just one point
The Baltic Capesize Index hit a record low yesterday, dropping 92 points, or 98.9%, to finish on just one point…
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MOL details restructuring measures
Japan’s largest shipping company by fleet size and revenues, Mitsui OSK Lines (MOL), has announced a restructuring today. Effective April…
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Know your coal counterparty
David Flanagan, an analyst at Infospectrum, writes for Splash today on risk management. The most troublesome challenges facing risk management…
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China Steel Express readies vintage cape clear-out
Likely with rising fuel prices in mind, China Steel Express, the shipping arm of Taiwan’s largest steel producer, is readying…
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January’s top research picks
Launched yesterday for subscribers of Splash Extra, our team of journalists has combed through the the hundreds of shipping analyst…
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Diana Shipping sells capesize, seals kamsarmax charter
Greek dry bulk owner Diana Shipping has announced the sale of one of its vessels, and the charter of another.…
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Diligent Holdings continues to accumulate supramaxes
Dimitris Michalos-led Diligent Holdings has begun the year in similar fashion to the last two years, building up its fleet…
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BDI chopped in half since the start of the year
It has been a dire start of the decade for the dry bulk sector, especially for capesizes. The Baltic Dry…
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Splash Extra: Fevered start to the new decade
Splash Extra turns one-year-old today with a bumper issue featuring the thoughts of more than 30 shipowners. The full impact…
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