Dry Cargo
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Michele Bottiglieri Armatore completes debt restructuring
Naples-based shipping company Michele Bottiglieri Armatore has just sealed a debt restructuring plan with a group of Italian banks (Banco…
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Noble faces up to insolvency as relisting hopes are dashed
Embattled Asian commodities trading house Noble Group is being forced to contemplate an insolvency filing after authorities in Southeast Asia…
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Tomini seals super supramax sale
Dubai-based bulker player Tomini Shipping is closing out the year with two neat deals, selling two supramaxes and netting just…
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PIL sells two capes to Chinese leasing house
The Teo family’s shipping line has bolstered its bottom line with another sale to a Chinese leasing house. The Teos…
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World trade reaches a new record high
World trade experienced a slight upswing in recent months and reached a new high in November, according to data from…
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Stefano Rosina leaves Premuda to start new shipping advisory
Stefano Rosina, former chief executive officer of Premuda, has announced his exit from the Genoa-based shipping company now controlled by…
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Seacon in buying and selling mode
Qingdao-headquartered Seacon Shipping continues to show muscle in the sale and purchase market, wheeling and dealing, month after month. The…
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Volatile capes roar back
The massively volatile nature of the largest bulker segment has been in plain view for the last fortnight, hitting year-lows…
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Weekly Broker: What constitutes a bargain?
What constitutes a bargain in today’s volatile dry bulk market? Unsurprisingly brokers and ship operators have hugely divergent points of…
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Trump’s trade war sees US soybean exports heading south
A weaker Q4 for smaller dry bulk tonnage should be followed by a stronger Q1 and Q2 as seasonality returns…
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S’hail Shipping acquires panamax bulker
Qatar’s S’hail Shipping has confirmed the acquisition of a 2005-built 77,000 dwt panamax bulk carrier, expanding its fleet to five…
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Pangaea Logistics secures bauxite shipping contract extension
US bulk carrier operator Pangaea Logistics has secured a contract extension from Noranda for a contract to ship bauxite from…
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Cape FFAs in turmoil as volatility returns
The cape FFA market is experiencing “turmoil” as the year comes to a close, with brokers Allied noting in their…
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Safe Bulkers acquires resale post-panamax
Greek owner Safe Bulkers has entered into an agreement to acquire a Japanese post-panamax resale newbuild bulker. The company expects…
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Marco Fiori set for top job at Premuda
Marco Fiori is set to join Genoa-based shipping company Premuda in January to take up the role of CEO, sources…
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Pacific Basin closes $40m loan facility
Hong Kong-based bulk carrier operator Pacific Basin has closed a $40m loan facility with Danish Ship Finance. The seven-year facility…
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Weekly Broker: Bulker slide, tankers glide
Bulker prices are falling while tanker values are jumping. As the year closes are we closing in a moment where…
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Diana Shipping gets new charter for post-panamax
Greek dry bulk owner Diana Shipping has found a new naked for 2010-built post-panamax bulker , time chartering the vessel…
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CDB Leasing signs for 12 ultramaxes at relaunched New Dayang Shipbuilding
CDB Leasing, the leasing unit of China Development Bank, has signed a letter of intent with New Dayang Shipbuilding for…
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Navios adds supramax, offloads panamax
Angeliki Frangou’s Navios Maritime Holdings has been busy in the sale and purchase market this month according to its latest…
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