Dry Cargo
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ITF forecasts worldwide transport activity to more than double by 2050
The OECD’s International Transport Forum (ITF) has published its Transport Outlook 2021. The think tank’s report on transport policy was…
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Castor Maritime takes fleet to 26 with acquisition of two panamax bulkers
Nasdaq-listed Greek owner Castor Maritime has made its nineteenth and twentieth acquisitions of the year, picking up a pair of…
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Tufton Oceanic to buy another tanker after offloading bulker pair
Tufton Oceanic Assets has agreed to sell two handysize bulk carriers for $20.5m, making this the company’s third divestment. The…
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Taylor Maritime linked to six bulkers in run up to London IPO
Ed Buttery-led Taylor Maritime is being linked to a sizeable swoop in the secondhand dry bulk markets, lining up deals…
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Costamare tipped to have entered bulker segment with acquisition of three kamsarmaxes
Greek boxship owner Costamare has been named by brokers as the buyer of three kamsarmax bulkers in two separate deals.…
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U-Ming focused on dry bulk with sale of last fully owned tanker
Taiwan’s U-Ming Marine Transport Corp is close to becoming a pure dry bulk player. The CK Ong-led company received many…
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Bulker clearout at Sinotrans gets underway
Having put seven ships in the shop window three months ago, sales contracts are finally being signed for Chinese state-run…
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Mississippi River reopens as bridge deemed safe
The Mississippi River near Memphis, Tennessee, was reopened on Friday after the Coast Guard deemed it safe for maritime traffic.…
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Greathorse offloads last cape
Chinese player Richland laid down the $23.31m winning bid for the 2011-built yesterday at auction marking both a new Chinese…
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325,000 dwt giant bulker gets the wind rotor treatment, Vale keen on further sail investments
The largest ship to date has had wind propulsion kit fixed to its deck. Pan Ocean’s 325,000 dwt very large…
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Diligent readies for next chapter with recruitment drive
Greece’s Diligent Holdings has sold the first ship it bought in creating its fleet nine years ago. It forms part…
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US agricultural exports disrupted as Mississippi River closed near Memphis due to fracture in bridge support beam
A bridge spanning the Mississippi River from Tennessee on one side to Arkansas on the other has been closed after…
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Safe Bulkers sells two bulkers, brings in two newbuilds
NYSE-listed owner Safe Bulkers has bought two bulkers in and offloaded two older bulkers as part of its fleet renewal…
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Belships takes fleet to 26 with another new ultramax bulker
Norwegian owner Belships is expanding its fleet with a ten-year bareboat contract for a newbuilding 61,000 dwt ultramax bulker of…
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Seanergy seals financing and fixture for latest capesize addition with Cargill
Greek capesize specialist Seanergy Maritime has taken delivery of its latest capesize acquisition, which is being financed and chartered by…
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Miners scramble for ships amid ‘ferrous frenzy’, cape FFA traders in supercycle mode
Iron ore prices have reached an all-time high, with China’s domestic steel product prices also soaring to figures never seen…
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Castor Maritime seals fresh funds to support growth plans
Nasdaq-listed Greek owner Castor Maritime looks set to continue its rapid fleet expansion after securing an $18m senior term loan…
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Shipping investor Hayfin invests across the main sectors
Last year Hayfin Capital Management expanded with a new Singapore office but had zero ship deals to its name. This…
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ClarkSea Index hits 2021 high sitting at twice the ten-year trend
The cross-sector ClarkSea Index, a weighted average of tanker, bulk carrier, containership and gas carrier earnings managed by Clarkson Research…
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Diana Shipping seals kamsarmax deal with Bocimar
Greek drybulk owner Diana Shipping has sealed a time charter contract with CMB’s Bocimar International for 2010-built kamsarmax bulker .…
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