Dry Cargo
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Weekly Broker: High expectations for Q4
The dry bulk S&P market has again seen a generous number of ships changing hands in the past week, reflecting…
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Cape surge scrutinised
The Baltic Dry Index crested 2,500 points yesterday, driven by a surging Atlantic cape scene, hitting decade-highs, however, not every…
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Cosco Shipping Bulk appoints new managing director
Cosco Shipping Bulk, one of the largest bulk shipping companies in the world, has announced the appointment of Gu Jinsong…
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Lauritzen sells bulker trio to Clipper
Two Danish shipping mammoths have done a rare deal in their favourite sector. Mads Peter Zacho-led J Lauritzen has offloaded…
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Berge Bulk acquires HNA capesize
Singapore-based bulker owner Berge Bulk has acquired a 2014-built capesize bulker from Shanghai HNA Marine Shipping, a shipping unit of…
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Tight tonnage in the Atlantic sends fronthaul capes towards decade-highs
An extremely tight tonnage list in the Atlantic basin saw rates for 180,000 dwt capesizes leap by $7,750 yesterday to…
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Fortune Ocean finds buyer for four handies
Chinese bulker owner Fortune Ocean Shipping has finally found a buyer for its four 2015-built, 34,400 dwt handysize vessels, Xing…
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Court to auction off Qingdao Marine Shipping bulker
Qingdao Maritime Court will hold an auction for the 2009-built 33,000 dwt handy bulker through online platform Taobao on September…
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Borealis Maritime cuts supramax fleet in half
Borealis Maritime has cut its supramax fleet in half with the sale for $15m of the seven-year-old , notching a…
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Navios Maritime Holdings sells off ship management division
Navios Maritime Holdings has sold its ship management division to N Shipmanagement Acquisition Corp. (NSAC), a company affiliated with chairman…
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MOL targets Turkey’s steel sector
Japan’s largest shipowner Mitsui OSK Lines (MOL) is looking to make dry bulk inroads into Turkey. MOL has signed an…
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ESL Shipping acquires bulker
Finland’s ESL Shipping has acquired 2011-built self-unloading bulk carrier from SEB Leasing. The acquisition was made as part of a…
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Belships expands fleet to 22 vessels
Norwegian dry bulk outfit Belships has added two ultramax bulkers to its fleet, having agreed seven-year bareboat charters for a…
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Nur Allya search teams race to check reports of oil slick
Ten days since the bulker was last heard from, search and rescue teams headed today to waters around Obi island…
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Uljanik Plovidba changes name to Alpha Adriatic
Locally listed Croatian shipowner Uljanik Plovidba is changing its name to Alpha Adriatic to avoid it being linked to a…
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Augustea offloads panamax as Oceanbulk joint venture expands fleet
Italian shipping company Augustea Atlantica has just sold the 2005-built panamax bulk carrier to Chinese group Orient Express for around…
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Doris Maritime clears out fleet
Nicholas Wirth’s Doris Maritime Services has sold the last four ultramax bulkers in its fleet to Chinese leasing house CDB…
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Weekly Broker: Dry bulk sales fail to keep pace with the BDI
Dry bulk rates are basking in highs not seen for nearly six years with some analysts now suggesting that they…
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Grindrod to up stake in IVS Bulk
Singapore-based Grindrod Shipping is buying out the 33.25% stake of one of its two joint venture partners in IVS Bulk…
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Cara Shipping sells five kamsarmaxes to CDB Leasing
Cara Shipping, the Singapore-based shipping unit of China’s Rizhao Steel, has sold five kamsarmax bulkers to CDB Leasing, the financial…
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