Dry Cargo News - Dry Bulk Shipping & Commodity Industry Updates

Dry Cargo

Koreans rush to New Times for Vale newcastlemaxes

December 18th, 20180 New Times Shipbuilding in China has done a tremendous job of pitching its newcastlemax capabilities to Korean customers. Following on from yesterday’s news that...

Dry Cargo

Daiichi Chuo sells handy to Canbaz

December 18th, 20180 Japan’s Daiicihi Chuo has sold the six-year-old handysize Coral Ocean to Istanbul-based handysize player Canbaz Shipping for $ 14m, a price perfectly in line with...

Dry Cargo

CSIC Leasing goes for cape quartet at Qingdao Beihai

December 18th, 20180 CSIC Leasing, the financial leasing arm of China Shipbuilding Industry Corporation (CSIC), is ending 2018 in busy fashion. Brokers report the company has placed an order...

Dry Cargo

RBD Armatori fleet back on the auction block at reduced price

December 17th, 20180 The Court of Torre Annunziata in Naples has once again put up for sale the entire fleet of RBD Armatori, having failed to secure a buyer in an initial auction earlier...

Dry Cargo

Norden: The asset-light argument

December 17th, 20180 Jan Rindbo aims to take Norden further down his planned digital and global path next year. The CEO of one of Denmark’s largest shipping lines, Norden, is anticipating...

Dry Cargo

Polaris orders newcastlemaxes in China

December 17th, 20180 South Korea’s Polaris Shipping's fleet rejuvenation programme shows no sign of slowing down. Brokers report the company has headed to China’s New Times Shipbuilding...

Dry Cargo

Ulrich Müller resigns from Belships

December 14th, 20180 Ulrich Müller has resigned from his position of CEO at dry bulk owner Belships yesterday after almost eight years in charge. Müller will remain in his position...

Dry Cargo

Maersk Broker buys into NAODAN Chartering

December 14th, 20180 Maersk Broker is rapidly consolidating on the dry side of its business. Earlier this week Splash reported that Maersk Broker Bulk Chartering had taken over Wonsild Dry....

Dry Cargo

Scorpio Bulkers fixes ultramax

December 14th, 20180 Emanuele Lauro’s Scorpio Bulkers has announced that is has fixed 2016-built ultramax bulker out on time charter. The charter, with an unaffiliated third party, is...

Dry Cargo

Thenamaris set to pocket over $8m on kamsarmax flip

December 13th, 20180 Greece’s Thenamaris is said to have sold 2012-built Daewoo kamsarmax bulker for in excess of $20m to a buyer in Asia. If broking sources are correct, Thenamaris...

Dry Cargo

Noble adopts Bermuda plan to square off its restructuring process

December 12th, 20180 Noble Group has outlined how it intends to pursue an insolvency process in Bermuda on Thursday as a way to getting its restructuring fixed after authorities in Singapore...

Dry Cargo

Diana Shipping gets new charter for panamax bulker

December 12th, 20180 Greek dry bulk owner Diana Shipping has sealed a new charter for 2013-built panamax . The vessel will go out on charter today to Koch Shipping in Singapore for a...

Dry Cargo

Maersk Broker and Wonsild merge dry bulk operations

December 11th, 20180 There’s no end in sight to the rash of mergers among shipbrokers. Wonsild Dry will merge with and become a fully integrated part of Maersk Broker Bulk Chartering as of...

Dry Cargo

Michele Bottiglieri Armatore completes debt restructuring

December 7th, 20180 Naples-based shipping company Michele Bottiglieri Armatore has just sealed a debt restructuring plan with a group of Italian banks (Banco BPM, MPS, MPS Capital Services,...

Dry Cargo

Noble faces up to insolvency as relisting hopes are dashed

December 7th, 20180 Embattled Asian commodities trading house Noble Group is being forced to contemplate an insolvency filing after authorities in Southeast Asia revealed they will block...

Dry Cargo

Tomini seals super supramax sale

December 6th, 20180 Dubai-based bulker player Tomini Shipping is closing out the year with two neat deals, selling two supramaxes and netting just under $8m in the two-year asset...

Dry Cargo

PIL sells two capes to Chinese leasing house

December 5th, 20180 The Teo family's shipping line has bolstered its bottom line with another sale to a Chinese leasing house. The Teos control Pacific International Lines (PIL), best known...

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Splash Dash

Greeks dominate another bumper year of S&P deals
Once again it is the Greeks who have dominated the sale and purchase markets in 2018. The latest... Dec 19th, 2018 inEurope
McKeil Marine becomes the world’s newest tanker owner
Canada has a new tanker owner. Ontario-based McKeil Marine has swooped for a pair of Turkish... Dec 19th, 2018 inTankers
Grim boxship charter market forces owners of spot tonnage to get creative
Charterers of boxships of all sizes are in for a tough couple of months with analysts at Alphaliner... Dec 19th, 2018 inContainers
Toyota invests in autonomous shipping
Japan’s largest car manufacturer has put money towards developing autonomous... Dec 18th, 2018 inTech
Revolutionary new multi-storey box storage system unveiled in Dubai
An intelligent multi-storey container park has been developed by terminal operator DP World and... Dec 18th, 2018 inPorts and Logistics

Greeks dominate another bumper year of S&P deals

Holger Strack to lead Zeaborn Ship Management as Nils Aden and Isabelle Rickmers depart

Transport Capital taps former NordLB shipping head

Concordia Maritime pockets over $5m from suezmax play

McKeil Marine becomes the world's newest tanker owner

Rowan Companies awarded Guyana jackup contract

Haiphong gets first direct link to US

Toyota invests in autonomous shipping

Revolutionary new multi-storey box storage system unveiled in Dubai

GMS takes elderly box brace

Shell to develop bunkering hub at Duqm

Polarcus awarded seismic contract in West Africa

Transport Capital taps former NordLB shipping head

Masterbulk trials Japanese battery solution on 54,810 dwt ship

Haiphong gets first direct link to US

Toyota invests in autonomous shipping

Koreans rush to New Times for Vale newcastlemaxes

Sun sets for former Chinese yard highflyer

CSIC Leasing goes for cape quartet at Qingdao Beihai

Chinese port sets out to overhaul Singapore’s bunkering dominance in the low sulphur era

Greeks dominate another bumper year of S&P deals