Dry Cargo
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Cape market ‘on fire’: Fearnleys
Norwegian brokers Fearnleys describe the capesize sector as “on fire” at the moment in its latest weekly report. “Weather delays…
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Iceberg Research urges for management clear-out at Noble Group
In an open letter to Noble Group’s creditors, Iceberg Research has called for a clear out of top management to…
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Bulker newbuild investments do not make sense: Maritime CEO Forum
There is no business case for newbuilds in dry bulk, a high level panel at last week’s Maritime CEO Forum…
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NS United fixes VLOC deal with Vale
Japanese owner NS United Kaiun Kaisha (NSU) has fixed another deal with Brazilian miner Vale and will order a very…
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Noble confirms sale of kamsarmax quartet
Hong Kong commodity trader Noble Group is selling four kamsarmax bulk carrier vessels as part of its debt reduction efforts.…
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Turkey’s Yasa in for ultramaxes at NACKS
Yasa Shipping from Turkey is finally closing in on an ultramax buying binge. Having been linked with orders in China…
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Thoresen offloads 15-year-old open hatch bulk carrier
Thoresen Thai Agencies has announced the sale of 2002-built open hatch bulk carrier for around $5.4m. MarineTraffic data shows the…
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Ningxia Tianyuan Manganese to enter shipowning with newbuild bulker spree
Chinese manganese ore producer Ningxia Tianyuan Manganese is going to enter the shipowning sector with plans to build a fleet…
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Diana Shipping fixes capesize to SwissMarine
Greek dry bulk owner Diana Shipping has sealed a time charter contract with SwissMarine Services for 2002-built capesize . The…
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Weekly Broker: Sales slow, but interest and prices stay firm
The last week has seen a slowdown in the secondhand bulk carrier sales in line with recent slowdown in the…
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Stopford predicts supply/demand equilibrium by 2021
It’ll take through to 2021 before the supply/demand equilibrium becomes favourable for shipping, the world’s most famous shipping analyst, Clarkson’s…
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China’s water and pollution transfer
Jeffrey Landsberg from Commodore Research suggests politicians in Beijing will play into shipowners’ hands. As China continues to modernise, its…
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Dalian Success Innovation orders 10 handysize bulkers at DSIC
Dalian Success Innovation Group has signed shipbuilding contracts with CSIC affiliated Dalian Shipbuilding Industry Corporation (DSIC) for the construction of…
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MOL newbuild bulker contracted to Jera Trading
Japan’s Mitsui OSK Lines newbuild coal carrier Nagara Maru was delivered on Friday and is set to go out on…
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Eagle Bulk to issue bond and secure additional loan to cover debts
Stamford-based Eagle Bulk Shipping is seeking to cover its debts with secured bond issues made through some of its subsidiary…
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Dry bulk orders quadruple in 2017 led by kamsarmaxes
Dry bulk orders have quadrulpled in number year-on-year in the first 10 months of 2017, with the emphasis by owners…
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Diana Shipping panamax goes on charter to Phaethon
Greek dry bulk owner Diana Shipping has entered into a time charter contract with Phaethon International Company for 2006-built panamax…
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Weekly Broker: Vintage bulkers earn their keep
The secondhand bulker market has seen another strong week with prices firming up for ultramax and supramax vessels, while the…
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Court to auction Nantong Xiandai Ocean Shipping bulker
Wuhan Maritime Court will auction off 21,910 dwt bulk carrier Xia Dian 2 via online platform Taobao on December 19.…
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Noble Group holds talks with stakeholders in survival bid
Embattled Noble Group, a Hong Kong commodities trader, has commenced discussions with various stakeholders regarding potential options to address the…
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