Dry Cargo News - Dry Bulk Shipping & Commodity Industry Updates

Dry Cargo

Japan’s big three lines slash full year forecasts

January 29th, 20160 The full scale of the dire shipping markets has been shown in today’s results from Japan’s big three shipping lines – Mitsui OSK Lines (MOL), Kawasaki Kisen Kaisha...

Dry Cargo

'Radical action' required as BDI nears 300 points

January 29th, 20160 With the very real prospect that the Baltic Dry Index (BDI) could duck below 300 points for the first time, analysts and brokers are warning vast amounts of bulkers need...

Dry Cargo

Gestioni Armatoriali: Speculative dry bulk investors slammed

January 29th, 20160 Ravenna: Gestioni Armatoriali is a shipping company based in Ravenna involved, as many others currently in Italy, in a debt restructuring procedure with banks. As of...

Dry Cargo

Wilson opts to sell rather than dry dock another bulker

January 28th, 20160 Norway's Wilson ASA has sold its 38-year-old small bulk carrier to Romanian interests for $750,000. Wilson Malo was due for dry docking in November but the company...

Dry Cargo

Mercator’s creditors take five bulkers

January 27th, 20160 The judicial manager appointed to oversee the bankruptcy of Mercator Lines (Singapore) has announced five ships of the listed dry bulk subsidiary of the Indian owner are...

Dry Cargo

'Dry bulk is a screaming buy': Patitsas

January 27th, 20160 Bulkers are a "screaming buy" and now is one of the best-ever times to start acquiring them - but expect the market crisis to wipe out some of shipping's most famous...

Dry Cargo

DNB Markets CEO says 'traditional' shipowners will weather stormy markets

January 27th, 20160 Privately owned "traditional" shipping companies with diversified fleets will be best placed to weather "tsunami"-like markets over the near term, the president and CEO...

Dry Cargo

Nisshin Shipping shedding bulkers fast in 2016

January 27th, 20160 Japan’s Nisshin Shipping has spent the first month of the year trimming its bulker fleet, minimising its exposure to the ongoing dry cargo bloodbath. It has been...

Dry Cargo

Safe Bulkers refinances another loan

January 26th, 20160 Safe Bulkers has secured a new $40m term loan from Danmarks Skibskredit (Danish Ship Finance) to refinance an existing $44.9m credit facility related to one...

Dry Cargo

GRM Investments becomes major Scorpio Bulkers shareholder

January 26th, 20160 GRM Investments Ltd, part of Canadian property developer Onni Group, has acquired an 8.65% stake in Scorpio Bulkers (SALT) to become one of the NYSE-listed company's...

Dry Cargo

Tubarão port allowed to reopen

January 26th, 20160 A Brazilian judge ruled yesterday that Vale can reopen Tubarão port. The port had been closed last week on environmental concerns, notably the dust that was spreading...

Dry Cargo

Precious makes $100m from public offering

January 25th, 20160 Thailand's Precious Shipping has raised THB3.59bn ($99.72m) through a public offering of debentures. Some 3.59m of the units were sold at a par value of THB1000 each...

Dry Cargo

Baltic Dry Index's three-week rout comes to a halt

January 25th, 20160 The Baltic Dry Index's seemingly constant decline was halted today, as the index remained at Friday's level of 354 points. The index has fallen every consecutive...

Dry Cargo

As Seoul cuts financial lifeline, merger talk reemerges between HMM and Hanjin

January 25th, 20160 The debt situation at South Korea’s two largest shipping lines is causing serious concern in local circles with authorities stating that the pair will not be bailed...

Dry Cargo

Record shipbreaking volumes likely in 2016

January 25th, 20160 Both BIMCO and Clarkson agree that this year will be a record one for shipbreaking volumes. “With an expected tidal wave of tonnage on the horizon, it would appear...

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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

Star Bulk linked to capesize sale