Dry Cargo
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Weekly Broker: Dry bulk on the run
The decent transaction flow in the second hand bulker sale and purchase market continued for another week with the rates…
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Bulk carrier takes out Panamanian rail bridge
The Panama Canal Authority is investigating how a bulk carrier, the , ploughed into a railway bridge while under tow…
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StandShip debuts dual deadweight neo-panamax bulk carrier design
Class society ABS has granted approval in principle to a dual deadweight neo-panamax bulk carrier design from the StandShip Joint…
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FOSCO makes cape entrance
Numerous broking reports report that low key Fujian based bulker owner Fujian Ocean Shipping has snapped up its biggest ship today. …
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CSC Phoenix to scrap handy bulker
Chinese dry bulk shipping operator CSC Phoenix has announced a plan to list its 1987-built 42,336 dwt handy bulker for…
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Shanghai Ganglu Shipping orders supramax pair at Yangzijiang
Chinese bulk shipping operator Shanghai Ganglu Shipping has signed shipbuilding contracts with Yangzijiang Shipbuilding for the construction of two 56,000…
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MOL goes on the defensive as it prepares for the post-Covid era, slashing fleet by 5%
Mitsui OSK Lines (MOL), Japan’s largest shipowner by fleet size, has issued a new business plan to cope with slashed…
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Hsin Chien Marine retests the warming cape market
A remarkable change has been witnessed of late in the dry bulk market with demand ramping up significantly. One owner…
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Eastmed swoops for recently delivered Nisshin kamsarmax
Thanassis Martinos-led Eastern Mediterranean Maritime (Eastmed) has picked up a new kamsarmax bulker from Japan’s Nisshin Shipping, according to brokers.…
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Wisdom Marine raising cash for fleet expansion
Taiwanese bulk shipping operator Wisdom Marine has announced a plan to raise $63.8m from its current shareholders. The share offering…
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Zheshang Development takes over Zhejiang Shipping Group
State-run commodity trader Zheshang Development has announced a restructuring plan to take over bulk shipping operator Zhejiang Shipping Group. Under…
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Norwegian students make machine learning algorithm breakthrough, beating the cape markets by 10%
Just how much machine learning algorithms can deliver to capesize earnings has been quantified in a landmark new piece of…
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Nine US-listed bulk firms have lost $11.33bn over the past 10 years
Alphabulk, part of AXS Marine, has launched a withering attack on the poor financial performance of US-listed dry bulk companies…
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Cape sales accelerate
Greek bulker outfit Carras Hellas has just sold the 2003-built 171,015 dwt for around $9m, cutting its cape fleet down…
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The future of chartering
New chartering platforms with bold transformative claims have been making plenty of headlines over the last couple of years. To…
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Weekly Broker: Bulkers lead the pack
The dry bulk sale and purchase market has seen a pick-up in activities in line with the soaring Baltic Dry…
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Front-haul capes crack $30,000 a day
A frenetic day of cape fixtures yesterday saw front-haul voyages reach $30,000 per day, pushing the Baltic Dry Index above…
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2020 Bulkers completes newbuilding investment program
Tor Olav Troim’s 2020 Bulkers has completed its newbuilding investment program after taking delivery of , the last of the…
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Minoa Marine emerges as buyer of popular MOL bulk carrier
Minoa Marine has emerged as the highest bidder from last week’s most popular bulker sale, adding its second post-panamax. …
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Union Marine entrusted with two SAM bulk carriers
Singapore-based Union Marine Management Services has been appointed by DVB Bank as the monitoring agents and crew managers for the…
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