Dry Cargo News - Dry Bulk Shipping & Commodity Industry Updates

Dry Cargo

Owners have lost control of the cape spot market

April 20th, 20180 Louis Dreyfus Armateur’s decision to exit the cape spot market has elicited much response. Chief correspondent Jason Jiang identifies the changing capesize...

Dry Cargo

Handysize bulkers eyed as best asset play in 2018

April 20th, 20180 Handysize bulkers, a very popular S&P item over the past 18 months, are Splash readers’ top pick still in terms of vessels to flip. In an ongoing survey called...

Dry Cargo

Key Noble shareholder attacks top management

April 19th, 20180 One of the largest shareholders in Noble Group has renewed its attack on the embattled commodities trader. Abu Dhabi-based investment fund Goldilocks Investment...

Dry Cargo

Weekly Broker: En bloc deals dominate

April 19th, 20180 Activities in the secondhand bulker sale and purchase market kept up a steady trend this week after the market bounced back last week with interest most strong in the...

Dry Cargo

Chinese owner thrives on Germ growth

April 19th, 20180 A low key Chinese owner, which goes by the abbreviation DYI, is spreading its wings. Sources tell Splash that the shy vintage specialist has just tabled $4.5m for the...

Dry Cargo

Diana Shipping wins new charters from Cargill

April 19th, 20180 Greek owner Diana Shipping has fixed kamsarmax bulker Myrto and capesize Santa Barbara to new time charter contracts with Cargill. Cargill is taking the 2013-built...

Dry Cargo

Big baby cape order from Russia

April 18th, 20180 A month after Russian oil product supplier Amurskaya Neftebaza made headlines for ordering a 4,500 dwt tanker at China's Dajin Heavy Industry for $7m, the company’s...

Dry Cargo

S’hail Shipping secures $19.2m loan from Qatar Development Bank

April 18th, 20180 Qatari owner S’hail Shipping and Maritime Services has reached a financing agreement with Qatar Development Bank. Under the agreement, Qatar Development Bank has...

Dry Cargo

Scorpio Bulkers seals Japanese sale and leaseback for ultramax

April 18th, 20180 Scorpio Bulkers is selling its 2015-built ultramax to an unaffiliated third party in Japan for $19m. The vessel is being leased back by Scorpio on a five-year...

Dry Cargo

Thorco Bulk changes name to Trithorn Bulk

April 17th, 20180 Danish bulk shipping operator Thorco Bulk, part of Thornico, has announced that the company has changed its name to Trithorn Bulk with immediate effect. “This is a...

Dry Cargo

British owners head to China for bulkers

April 17th, 20180 A pair of British owners have gone to China in bulker buying mode. Brokers report that family owned Hadley Shipping has placed an order at Yangzijiang Shipbuilding...

Dry Cargo

Elman returns at New Noble

April 16th, 20181 Richard Elman is back in the boardroom, just over three weeks after he had stepped down at embattled commodities trader Noble Group. The Hong Kong-based firm has...

Dry Cargo

D’Amato di Navigazione to fight bankruptcy decision

April 16th, 20180 The Naples-based D’Amato di Navigazione shipping company has been declared bankrupt by a local court but the main shareholder has not given up and intends to fight the...

Dry Cargo

Pangaea snaps up Goldenport panamax

April 16th, 20180 Dry bulk owner Pangaea Logistics Solutions has signed a memorandum of agreement to acquire 12-year-old Imabari-built panamax Madeleine from Greek owner Goldenport for...

Dry Cargo

Creditors approve Noble restructuring

April 13th, 20180 Hong Kong’s Noble Group revealed yesterday that more than 75% of creditors holding the majority of its senior debt have accepted its $3.4 billion restructuring...

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Splash Dash

LNG not shipping’s green panacea, as IEA warns of ‘huge disruption’ over looming 2020 sulphur cap
A report out this week suggests LNG is not the panacea for shipping’s fuel concerns now that... Apr 19th, 2018 inEnvironment
Sinokor to take over 30 feeder boxships from Vroon
South Korean owner Sinokor Merchant Marine is taking over a fleet of 30 feeder containerships from... Apr 19th, 2018 inContainers
Weekly Broker: En bloc deals dominate
Activities in the secondhand bulker sale and purchase market kept up a steady trend this week after... Apr 19th, 2018 inOperations
Grindrod completes historic sale of its bunker division
South African transport giant Grindrod has sold its bunker subsidiary, Unicorn Bunker Services, for... Apr 19th, 2018 inBunkering
Lessons for effective and sustainable safety communications in the logistics industry
Des McGowan from Insync ponders whether we should focus on safety compliance or safety... Apr 19th, 2018 inContributions
International Transport Forum calls for greater, more harmonised use of port-based incentives
Port-based financial incentives to mitigate greenhouse gas (GHG) emissions currently remain... Apr 18th, 2018 inEnvironment

Oldendorff halts Guyana business because of US sanctions on Russian aluminum firm

New Italian line launched

CMA CGM takes 25% stake in CEVA Logistics

RINA Services CEO Michele Francioni resigns

Mexico slaps 30-month ban on Odebrecht because of corrupt dealings with Pemex

Oldendorff halts Guyana business because of US sanctions on Russian aluminum firm

Ben Ognibene returns with new tanker platform Concord Maritime

Rowan Companies awarded contracts for drillship and jackup pair

Egypt to keep ports open 24 hours a day

S’hail Shipping secures $19.2m loan from Qatar Development Bank

Gulf Marine Services secures long-term vessel contract

Bahrain reveals its biggest oil find

Vinalines continues to offload vessels

Sinokor to take over 30 feeder boxships from Vroon

EMAS Offshore gets Oslo Børs reprieve

Explosion rocks offshore survey vessel off Malaysia, one missing

Court to auction Hanjin stake in Chinese yard

Key Noble shareholder attacks top management

Chinese owner thrives on Germ growth

China to lift foreign ownership restrictions for shipbuilding

Oldendorff halts Guyana business because of US sanctions on Russian aluminum firm