Dry Cargo
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Eastmed swoops for recently delivered Nisshin kamsarmax
Thanassis Martinos-led Eastern Mediterranean Maritime (Eastmed) has picked up a new kamsarmax bulker from Japan’s Nisshin Shipping, according to brokers.…
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Wisdom Marine raising cash for fleet expansion
Taiwanese bulk shipping operator Wisdom Marine has announced a plan to raise $63.8m from its current shareholders. The share offering…
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Zheshang Development takes over Zhejiang Shipping Group
State-run commodity trader Zheshang Development has announced a restructuring plan to take over bulk shipping operator Zhejiang Shipping Group. Under…
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Norwegian students make machine learning algorithm breakthrough, beating the cape markets by 10%
Just how much machine learning algorithms can deliver to capesize earnings has been quantified in a landmark new piece of…
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Nine US-listed bulk firms have lost $11.33bn over the past 10 years
Alphabulk, part of AXS Marine, has launched a withering attack on the poor financial performance of US-listed dry bulk companies…
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Cape sales accelerate
Greek bulker outfit Carras Hellas has just sold the 2003-built 171,015 dwt for around $9m, cutting its cape fleet down…
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The future of chartering
New chartering platforms with bold transformative claims have been making plenty of headlines over the last couple of years. To…
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Weekly Broker: Bulkers lead the pack
The dry bulk sale and purchase market has seen a pick-up in activities in line with the soaring Baltic Dry…
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Front-haul capes crack $30,000 a day
A frenetic day of cape fixtures yesterday saw front-haul voyages reach $30,000 per day, pushing the Baltic Dry Index above…
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2020 Bulkers completes newbuilding investment program
Tor Olav Troim’s 2020 Bulkers has completed its newbuilding investment program after taking delivery of , the last of the…
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Minoa Marine emerges as buyer of popular MOL bulk carrier
Minoa Marine has emerged as the highest bidder from last week’s most popular bulker sale, adding its second post-panamax. …
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Union Marine entrusted with two SAM bulk carriers
Singapore-based Union Marine Management Services has been appointed by DVB Bank as the monitoring agents and crew managers for the…
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Franbo Lines offloads general cargo vessel
Taiwanese bulk carrier operator Franbo Lines has announced that the company has sold its 2008-built 9,000 dwt general cargo vessel…
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Trader Maritime quits shipowning
Piraeus-based Trader Maritime has sold its only ship. Sources tell Splash that Trader Maritime has sold the 10-year-old, 57,000 dwt…
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Alur Biru Maritim orders three deck cargo carriers at Wuchang Shipbuilding
Indonesian owner Alur Biru Maritim (ABM) has placed an order at China’s Wuchang Shipbuilding for the construction of three 13,000…
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Zhejiang Shipping Group to order two supramax bulkers
State-run Zhejiang Shipping Group has issued an tender seeking shipyards to construct two 51,000 dwt supramax bulk carriers. The company…
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Diana Shipping seals new deal for panamax bulker
Greek dry bulk owner Diana Shipping has entered into a time charter contract with Ausca Shipping in Hong Kong for…
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Oldendorff snaps up Tata capesize trio in $213m deal that includes COA
German dry bulk giant Oldendorff Carriers has agreed a package deal with Singapore-based Trust Energy Resources, a subsidiary of Tata…
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ESL Shipping adopts biogas fuel for bulk carrier
Finnish bulk carrier operator ESL Shipping has announced that company has adopted renewable liquefied biogas (LBG) to fuel one of…
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Stellar Banner scuttling caught on dramatic video
The four-year-old giant sank to the bottom of the Atlantic today, its departure to the ocean floor captured on video.…
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