Dry Cargo

Morgan Stanley gives dry bulk a shave

February 25th, 20150 Oslo: Dry cargo shares have had their price target shaved by the American finance house Morgan Stanley. Hardest hit is Scorpio Bulkers who have lost over 80% of their...

Baosource orders two

February 24th, 20150 Dalian: Korean shipbuilding news site, Asiasis, reports that Baosource Shipping, a Shanghai firm, has ordered a pair of small bulkers. The 100 m long, 6,600 dwt ships...

Siem Shipping cuts losses

February 23rd, 20150 Oslo: Oslo-listed Siem Shipping remained  in the red in the fourth quarter of 2014. The company has refinanced debt with a new $100m credit facility, according to a...

New Philippine dry bulk terminal

February 20th, 20150 Manila: Seasia Nectar Port Services Inc (SNPSI), a joint venture between Seasia Logistic Philippines Inc and the UK’s Nectar Group, has started building a P813m dry...

Bulker lay-ups possible, says Navios

February 19th, 20150 Athens: The worst dry cargo shipping market in 30 years could lead to increased lay-up of vessels, Angeliki Frangou, chairman and CEO of Navios Maritime Holdings, has...
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