Dry Cargo

GMT Shipping calls time on shipowning

January 19th, 20160 Sources say that the Hong Kong headquartered conglomerate GMT Shipping & Logistics Group has made an exit from shipowning. GMT took delivery of its first ship, the...

HCI Capital takes over König & Cie

January 19th, 20160 The HCI Group, a German private equity firm, has acquired the majority stake in the König & Cie. Group. “The acquisition of König & Cie. is a strategically...

Mercator quits dry bulk

January 18th, 20160 Mercator Lines (Singapore) (MLS) is exiting dry bulk. The Singapore-listed arm of the Indian owner outlined plans to divest itself from dry bulk in a release...

Geden sells 4 supramaxes en bloc

January 18th, 20161 Brokers report that Turkish owner Geden Lines has just offloaded four geared, Vietnamese-built supramaxes for $10m each to a Greek owner. The Turkish tanker and...
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