Dry Cargo
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Pressure mounts on K Line top management
Pressure is growing once again for a change of top management at Japan’s third largest shipping line, Kawasaki Kisen Kaisha…
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As Japanese yards stop offering Tier II engines Doun Kisen heads to China
In its latest weekly report brokers Banchero Costa report that Japanese yards have unilaterally decided to stop producing ships with…
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Diana capesize gets double the money on new Koch charter
Greek owner Diana Shipping has signed a new time charter contract with Koch Shipping for 2011-built capesize . The new…
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Zhuhai Port Shipping orders two bulkers at Wuhu Shipyard
Zhuhai Port Shipping, the shipowning unit of Zhuahai Port Group, has signed shipbuilding contracts with Wuhu Shipyard for the construction…
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Two new vessels in at Tufton Oceanic Assets
Tufton Oceanic Assets has announced the acquisition of a handysize bulker and a 75% interest in an LPG carrier. Tufton…
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Caravel makes owning debut with kamsarmax brace
Hong Kong-based Caravel Group has made its dry bulk ship owning debut with the acquisition of two kamsarmax vessels from…
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Scrap bulkers or face more volatility: Hashim
Khalid Hashim, the managing director of Thai dry bulk owner Precious Shipping, has urged his peers to get scrapping ships…
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Louis Dreyfus Armateurs orders four self-propelled barges at Wuchang
France’s Louis Dreyfus Armateurs has placed an order at CSIC-affiliated Wuchang Shipbuilding Industry for the construction of four 13,000 dwt…
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Weekly Broker: Sellers wait for bulker jump
Dry bulk freight rates are on a summer charge with capes hitting $25,000 a day, panamaxes above $21,000 and supramaxes…
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Xiamen Port sets up coal trading unit
Xiamen International Port has announced a plan to set up a coal trading unit to diversify its business. New subsidiary…
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Foremost orders post-panamax pair at Oshima Shipbuilding
US dry bulk owner Foremost Group has placed an order at Japanese yard Oshima Shipbuilding for the construction of two…
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Eagle Bulk confirms ultramax swoop
Stamford-headquarted dry bulk owner Eagle Bulk Shipping has announced the acquisition of a 2014-built ultramax bulker for $21.2m. Splash reported…
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Jinhui Shipping sells another supramax
Chinese dry bulk owner Jinhui Shipping and Transportation has announced the sale of 2001-built supramax for $8.61m. The buyer is…
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RBD Armatori fleet sale falls through
No one has been willing to shell out the $200m demanded for the 13 ships belonging to bust RBD Armatori.…
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Laid-up kamsarmax finally finds a buyer
The seven-year-old, 81,700 dwt Trojan Maritime-owned has finally found a buyer in the form of a new entity called Derby…
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FIS introduces new grain routes to China
Harking back to the early days of forward freight agreements (FFAs) in the 1990s, the UK’s Freight Investor Services is…
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Ship deals fall through as Chinese Tier II deadline approaches
Brokers are reporting multiple accounts of ageing bulker deals falling through in the last 10 days thanks to an impending…
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Sinotrans & CSC takes aim at CSC Phoenix owners
China’s state-run shipping and logistices giant Sinotrans & CSC has filed a court case against Tianjin Shunhang Shipping and Guangzhou…
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Coeclerici cashes out of coal transhipment with sale to Vale
After almost half a century Milan-based Coeclerici Group has closed its coal logistics division, the pioneers of coal transhipment claiming…
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HTM Shipping sells second ultramax to Eagle Bulk
Pure breed bulker player Eagle Bulk Shipping broke cover earlier this week, adding its first ship this year, winning the…
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