Dry Cargo
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Star Bulk buys capesize trio from E.R. Capital in cash plus shares deal
Greek dry bulk owner Star Bulk Carriers has sealed an agreement with entitlies affiliated with Germany’s E.R. Capital Holding to…
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Diana Shipping seals new capesize charter with Koch at lower rate
Greek dry bulk owner Diana Shipping has entered into a new time charter contract with Koch Shipping for 2005-built capesize…
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Scorpio sells another bulker, Thoresen and Eagle Bulk revealed as ultramax buyers
Monaco’s Scorpio Bulkers has announced the sale of 2015-built ultramax for around $16.5m. Delivery is schedule for the first quarter…
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Norden offloads two tankers, adds two bulkers
Danish owner and operator Norden continues to shift its exposure from tankers to dry bulk, revealing the sale of two…
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Weekly Broker: Busy shopping days ahead of Christmas
The secondhand tanker market has seen a great rebound in the past week with plenty of en bloc deals completed.…
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SPDB Financial Leasing orders six panamax bulkers at Cosco Shipping Heavy
SPDB Financial Leasing, the leasing unit of Shanghai Pudong Development Bank, has entered into shipbuilding contracts with Cosco Shipping Heavy…
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Taiwan Navigation sells panamax bulker
Bulker operator Taiwan Navigation has announced it has offloaded a 16-year-old 77,000 dwt panamax bulker. Splash understands the vessel is…
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Jinhui Shipping offloads ageing supramax
Chinese dry bulk owner Jinhui Shipping and Transportation has sold the 2002-built supramax bulker for $5.5m. The vessel was sold…
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Norsepower secures debut rotor sail newbuild order
Finnish company Norsepower, a provider of auxiliary wind propulsion systems, has announced its first newbuild order for the installation of…
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U-Ming and ITG inject cash into joint venture
Taiwanese bulker operator and Xiamen-based ITG Group are going to replenish capital into their joint venture ITG U-Ming Shipping. U-Ming…
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Mongolia, Indonesia and Russia the winners as Beijing formalises Australian coal ban
China has made its Australian coal ban official, sparking a swift response from Scott Morrison, the prime minister of Australia.…
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Vale ends the era of converted VLOCs
Brazilian miner Vale will no longer use VLOC bulkers converted from single hull VLCCs. Earlier this week, the last converted…
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Greathorse makes alternate plans for cape sell-off
Greek owner Thenamaris has pulled the plug on plans to buy a quartet of Greathorse capes. Thenamaris had taken the…
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Golden Ocean offloads panamax bulker
John Fredriksen’s bulker outfit Golden Ocean has sold its 2007-built 76,900 dwt panamax bulker according to brokers. Multiple shipbroking houses…
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AM Nomikos places panamax bulker in Baumarine pool
The Baumarine pool, managed by Klaveness and Marubeni joint venture MaruKlav, has announced that Greek owner AM Nomikos Transworld has decided…
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Tanker and bulker owners look on as Xi tightens environmental goals
Xi Jinping, the president of China, upped his nation’s green goals over the weekend in a video address that will…
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Algoma Central secures refinancing
Canadian Great Lakes operator Algoma Central Corporation has completed a refinancing of its senior secured credit facilities that were due…
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S’hail Shipping adds another bulker to MaruKlav pool
S’hail Shipping has placed a sixth vessel into MaruKlav’s Baumarine Pool, adding the 2007-built panamax bulker which it recently acquired…
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MOL announces Ikeda’s successor
Japan’s largest shipowner, Mitsui OSK Lines (MOL), is shuffling top management with Junichiro Ikeda moving upstairs to chairman and Takeshi…
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Noble exits shipowning with cape sale
Noble Group Holdings has exited shipowning with the sale of its last capesize. The commodities company, which has been through…
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