Dry Cargo
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RBD Armatori declared bankrupt
Naples-based shipping company RBD Armatori was formally declared bankrupt by the Court of Torre Annunziata on Thursday. A few weeks…
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D’Amato’s last bulk carrier finally secures Jamaican exodus
The 2011-built bulk carrier , after being arrested a year ago in the port of Kingston, Jamaica, has finally been…
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Weekly Broker: Inspections increase but owners wait to see where markets are headed
A report carried on this site earlier this week posits that 15-year-old handysize bulkers are the best bet for investors…
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Boston Carriers acquires handymax bulker
Greece’s Boston Carriers has announced the acquisition of a 1996-built 46,000 dwt dry bulk vessel. In a complex arrangement, the…
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Bahri Dry Bulk secures financing for bulker quartet
Bahri Dry Bulk, a joint venture between Saudi Arabian shipping firm Bahri and Arabian Agricultural Services Company (ARASCO), has secured…
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Ageing handysize bulkers tipped as best bet this year
Using VesselsValue‘s Future Market Value module, older tonnage is tipped to increase by the largest percentage from the first quarter…
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Arklow Shipping secures financing for bulker quartet
Ireland’s Arklow Shipping has secured financing of around EUR51m ($60.9m) from KFW IPEX-Bank and DekaBank for four 16,500 dwt short…
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Brokers wary as Nobu Su plans dry bulk return
Nobu Su’s attempts to get back into dry bulk shipping are meeting a series of speedbumps with brokers and financiers…
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Nissen Kaiun panamax picked up by the other George Economou
Imabari-built panamax bulker Golden Heiwa has been sold by Japan’s Nissen Kaiun to Greek owner Gleamray Maritime at a price…
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Essar to develop first overseas port
India’s Essar Ports has set out an outlay of $500m to expand two ports on home soil over the next…
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Pacific Basin valuation approaches need a rethink
During the peak of China-induced global peak in commodities boom around 2008 I spoke at a shipping conference in New…
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Deniz Nakliyati fleet sell-off thwarted as supramax deal collapses
Turkish owner Deniz Nakliyati, also known as Turkish Cargo Lines, has had to put two supramaxes up for sale once…
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First cape sale of the year lands Samos Steamship a $10m profit
Sources confidently tell Splash about a successful asset strategy by Samos Steamship. The traditional Greek owner has just offloaded a…
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Cape achieves $495 per ldt from Indian recycler
Ship recycling rates have started 2018 very much in the ascendant and the market is now anticipating the $500 per…
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Iranian tanker collides with Chinese bulker, entire crew of 32 missing
Iranian oil tanker , while loaded with 136,000 tonnes of crude oil, has collided with Chinese bulker CF Crystal in the…
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Mining firm sues Washington state for blocking coal terminal project
A Utah-based mining company has sued Washington state on constitutional grounds after the firm, Lighthouse Resources, was denied the chance…
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Bremer Lloyd exits shipowning with Wilson deal
Germany’s Bremer Lloyd has sold the only two vessels in its fleet, doing a deal with Norway’s Wilson for multipurpose…
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Leading analyst warns dry bulk owners must continue slow steaming
Peter Sand, chief shipping analyst at global shipowning body BIMCO, has warned dry bulk owners not to get carried away…
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Meiji Shipping readies dramatic expansion
Low profile Japanese owner Meiji Shipping is readying a dramatic fleet expansion. The Tokyo-headquartered diverse owner is currently listed with…
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More than 500 bulkers hit by severe coal terminal congestion in Asia
Severe port congestion both to load and unload coal is affecting more than 500 dry bulk vessels, according to data…
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