Dry Cargo
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Gunshots ring out in the Red Sea for the first time in more than a week
The Houthis remain a menace to merchant shipping in the Middle East. After eight consecutive days of no reported incidents,…
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Final speaker line-up cements Geneva Dry’s position as a must-attend on the maritime calendar
The one-month countdown until the inaugural Geneva Dry is on with organisers today unveiling the final full line-up of speakers…
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Ciner back for more Dayang ultramaxes
Turkey’s Ciner Shipping has signed for four more ultramaxes at New Dayang Shipyard in China. No price has been revealed…
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Greece’s Cape Shipping signs for tanker newbuilds
The Andrianopoulos family and its Cape Shipping have embarked on their first tanker newbuilding project at two Chinese shipyards. The…
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Newport makes newbuild debut
Greece’s Newport is set to expand its fleet of Japanese-built bulk carriers with its inaugural newbuilding project for three kamsarmaxes.…
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Cranes move into place to remove Baltimore bridge debris
Cranes are being brought into place by barges as the authorities in Baltimore turn their attention to reopening the port,…
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Chinese property scene remains cause for concern for capesize owners
Persistent gloomy headlines about the Chinese property sector continue to give otherwise bullish capesize owners pause for thought. In late…
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Pioneer Logistics orders six ultramaxes at Jiangsu Hantong
Singapore-based owner and operator Pioneer Logistics has contracted for its first bulk carrier newbuilds. The company’s bulker unit has commissioned…
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Insurers brace for record payouts from Baltimore bridge disaster
Records look set to be broken in terms of shipping insurance payouts following Tuesday’s ship allision in Baltimore which saw…
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Green shipping corridor initiatives mushroom
In the months since member states agreed at the London headquarters of the International Maritime Organization (IMO) to turbocharge shipping’s…
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Dali crew hailed as ‘heroes’ as details emerge of deadly Baltimore bridge smash
The president of the United States yesterday hailed the rapid actions of those onboard the ill-fated Dali containership in the…
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Pacific Basin readies new propeller coating across its giant fleet
Hong Kong dry bulk giant Pacific Basin has decided to apply a sustainable graphene-based propeller coating, XGIT-PROP, across its entire…
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Victor Restis wins ruling in UK debt court battle with Newcastle United co-owner
Greek shipowner Victor Restis has triumphed over Newcastle United co-owner Amanda Staveley in a London High Court dispute involving a…
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Adani buys majority stake in Gopalpur Port
India’s Adani Ports and Special Economic Zone (APSEZ) has entered into a definitive agreement to purchase a 95% stake in…
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Geneva Dry Dialogues: Marfin Management
Wind propulsion adoption will gain greater traction this year as data from trials make a convincing investment argument. That’s the…
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Sinokor takes huge profit from newcastlemax sales
Sinokor Merchant Marine of South Korea has sold three newcastlemaxes to compatriot Pan Ocean. Sinokor has pocketed $213m from the…
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Castor Maritime moves for reverse stock split to keep Nasdaq listing
Cyprus-based bulker and boxship owner Castor Maritime has decided to carry out a one-for-ten reverse stock split on Nasdaq to…
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Chinese and Russians reportedly given safe passage through the Red Sea by the Houthis
Bloomberg is reporting that Yemen’s Houthis will not target Chinese and Russian ships passing through the Red Sea and Gulf…
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Iron ore price rollercoaster sends jitters through cape community
The iron ore price rollercoaster combined with a growing amount of the steel-making ingredient commodity piling up at Chinese ports…
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U-Ming Singapore and Itochu to own and operate ammonia dual-fuel bulkers
The Singapore arm of Taiwanese shipowner U-Ming Marine Transport has signed a memorandum of understanding (MoU) with Japanese trading house…
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