Dry Cargo
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D’Amico adds four supramaxes after closing JV with Coeclerici
It has been a busy period for Rome-based D’Amico Società di Navigazione in the dry bulk segment. The Italian shipping…
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Tan Binh adds another handy
One of Asia’s fastest growing handy specialists, Haiphong- based Tan Binh continues to add ships, taking two more secondhand ships…
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Dong-A Tanker seeks court protection
In the biggest Korean shipping collapse since Hanjin Shipping folded, Dong-A Tanker yesterday sought court receivership in Seoul. Founded in…
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Bunge and Cargill seek lower Panama Canal tariffs in bid to change grain trading patterns
The world’s largest grain traders are putting the squeeze on the Panama Canal Authority. Reuters is reporting that Brazilian port…
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Star Bulk passes on ER Capital capesize quartet
Greek dry bulk giant Star Bulk Carriers has announced that it has mutually waived with Germany’s ER Capital options on…
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Belships acquires supramax from Wenaasgruppen
Norway’s Belships has added to its fleet with the acquisition of 2008-built 58,700 dwt supramax bulk carrier . Belships has…
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CNCo completes takeover of Hamburg Süd’s bulk business
Hamburg Süd and the China Navigation Company (CNCo), a subsidiary of the Swire Group, have completed the sale of Hamburg…
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Brazilian iron ore exports predicted to suffer largest ever drop in volumes
Cleaves Securities is predicting Brazilian mines will ship 342m tonnes of iron ore this year, down 12% over 2018’s figure,…
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MOL boss warns of rough seas ahead
In a more sombre address than normal the head of Japan’s largest shipping line has warned the new financial year…
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Cosco taps PetroChina for low sulphur fuel
The world’s third largest container shipping line has fixed a deal to get a sizeable chunk of its fleet fixed…
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Dry bulk newbuild headwinds
This year’s ordering volume exceeds the ordering activity seen in 2017, 2016, and 2015, warns Jeffrey Landsberg from Commodore Research.…
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Weekly Broker: Q1 closes without a cape sold
Sub-cape sales are filtering in on S&P sale registers, and yet Q1 is set to fade out without a single…
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Baltic dry time charter indices will not factor in scrubbers
Scrubbers will not be taken into consideration on the Baltic Exchange’s time charter indices. In a major announcement yesterday, the…
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HMM appoints new boss
South Korean flagship carrier HMM has appointed a new leader from outside the organisation. Jae-hoon Bae, who previously worked with…
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Norden confirms bulker sales
Danish owner Norden has sold four of its bulk carriers as part of the company’s strategy of becoming increasingly asset…
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Atlantska Plovidba sells panamax bulker to Oldendorff
Croatian shipping company Atlantska Plovidba has announced that it has sold its 1995-built 75,500 dwt panamax bulk carrier City of…
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Splosna Plovba offloading supramax pair
Slovenian owner Splosna Plovba has placed a pair of Chinese-built supramaxes on the market. Brokers are circulating the 2010-built sister…
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German bulker detained in Australia
The Australian Maritime Safety Authority (AMSA) has detained a German bulker at Port Kembla after crew aired their grievances about…
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The Baltic as shipping’s Illuminati? Fat chance
Mr Prospector takes aim at the new Twitter account, @ActionBaltic. The Baltic Exchange might be incompetent, he argues, but top…
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Greeks predicted to spur greater dry bulk consolidation
Petrofin Research’s latest annual survey of the Greek-owned fleet predicts further sizeable consolidation within the dry bulk space. Big listed…
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