Dry Cargo
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Gestioni Armatoriali supramax fire sale in bid to survive
Ravenna-based Gestioni Armatoriali will sell four ships from its fleet of 12 before next summer. That’s what is written in…
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Taylor Maritime continues fleet buildup
Seemingly any handysize that comes on the market these days is immediately linked with Hong Kong’s Taylor Maritime, the three-year…
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Tufton Oceanic takes MCC boxship pair
Fast growing private equity concern Tufton Oceanic has made its first vessel acquisitions of the year. Brokers Braemar ACM are…
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Noble secures lifeline despite impending $5bn loss
Embattled Hong Kong commodities house Noble Group has reached a deal with senior creditors and ING as fronting bank for…
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MOL kicks off handymax fleet rejuvenation programme
Japanese bulker specialist Oshima Shipbuilding has won an order from compatriot Mitsui OSK Lines (MOL) for three 56,000 dwt handymaxes.…
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Ocean Yield moves into dry bulk with Louis Dreyfus handysize deal
Norway’s Ocean Yield has reached a deal to acquire a pair of 2018-built handysize bulkers, which will be chartered to…
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BIMCO names its top three performing bulk terminals
The three best performing dry bulk terminals in the world are Santander and Bilbao in Spain and Quebec in Canada,…
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Volatile as a Rottweiler
Chief correspondent Jason Jiang assesses shipping’s fortunes in the Year of the Dog. The Chinese Year of the Dog takes…
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Weekly Broker: Canine festivities dog ship sales
The S&P market in general was less active for the past week with the approaching Chinese New Year holidays. The…
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Axis Bulk Carriers finds short-term charter for newly acquired kamsarmax
Greek owner Axis Bulk Carriers has moved to find short period cover on its newly acquired 2012-built kamsarmax bulker. Axis…
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S&P positive for most shipping segments bar liners
S&P Global Ratings believes that this year demand in the three main segments of the global shipping industry – dry…
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Interocean pounces on another post-panamax
In the post-panamax sector, the German controlled 93,000 dwt sized has been sold for $17.2m to the Menendez family according…
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Sir Michael Bibby stepping down from family shipping line
Sir Michael Bibby is stepping down from his family firm, Bibby Line Group, with a global search now on to…
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W Marine orders kamsarmax at Taizhou Kouan Shipbuilding
Greek owner W Marine has placed an order at Taizhou Kouan Shipbuilding for the construction of a 82,000 dwt kamsarmax…
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Taconic Capital buys into Gestioni Armatoriali
Ravenna-based Gestioni Armatoriali has been forced to welcome Taconic Capital among its creditors, sources familiar with the matter confirmed to…
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Union Maritime adds to bulker fleet with order at Cosco
UK tanker specialist Union Maritime is growing its fleet of bulkers, placing an order for two plus one 63,000 dwt…
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Bottiglieris dismiss Zagari’s ‘misleading statements’
The battle for control of debt laden Italian line Giuseppe Bottiglieri Shipping Company (GBSC) is getting more heated. Despite a…
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DryShips to spin off its gas ships
DryShips has announced plans to spin off its gas carrier business to form Gas Ships, and has taken the initial…
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Battle for Giuseppe Bottiglieri heats up
The battle for control of Italian owner Giuseppe Bottiglieri Shipping Company is not over. Despite a court in Naples dismissing…
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Weekly Broker: Greeks step up to fill gap left by the Chinese
The Chinese have been the most aggressive buyers of bulkers so far this year with the holiday season fast approaching…
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