Dry Cargo

CMES seals COA deal with Vale

September 28th, 20150 China Merchants Energy Shipping (CMES) has signed a 20-year contract of affreightment (COA) with Brazilian mining giant Vale through its subsidiary Hong Kong Ming Wah...

Torm sells its last two bulk carriers

September 23rd, 20150 Torm is no longer an owner of bulk carriers, after agreeing to sell two of its panamax bulkers to Greece's Target Marine for an undisclosed sum. The vessels being...

Norden to exit larger bulker trades

September 22nd, 20150 Denmark’s Norden is looking to offload its larger bulker carriers and focus on handies and panamaxes. In an interview with Reuters, Jan Rindbo, who took over the...

Statu Shipping buys first supramax

September 18th, 20150 The Turkish bulk player, Statu Shipping, is taking advantage of low prices in the secondhand market. It has just sealed a deal to buy a 14-year-old 52,827 dwt supramax...
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