Dry Cargo
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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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Full house for Maritime CEO Forum Hong Kong debut
With more than 50 events scheduled, Hong Kong Maritime Week, which launches this Sunday, promises to be one of the…
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Americans top charts in distressed asset acquisitions this year
This year has seen American owners top the list of buyers of distressed tonnage, snapping up vessels sold at bank…
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Djakarta Lloyd bounces back, eyes bulker buys
Indonesian line Djakarta Lloyd is making its first ship purchase moves since coming close to extinction three years ago. The…
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Disagreements between Pillarstone and shareholders leave RBD Armatori on the brink
Naples-based RBD Armatori is seeing its rescue hopes slip away as shareholders of the firm, the Rizzo Bottiglieri De Carlini…
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DBS ditches troubled Noble Group
Embattled Hong Kong commodities trading house Noble Group has lost the support of another key bank, Bloomberg is reporting today.…
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Scorpio Bulkers snaps up three ultramaxes from Greathorse
Emanuele Lauro’s Scorpio Bulkers continues to expand its ultramax fleet with the acquisition of three bulkers from China’s Greathorse International…
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General cargo ship sinks near Guangdong
Chinese general cargo ship Yu Tong 1 sank near Huilai, Guangdong in stormy weather on Sunday. The incident happened when…
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Australia’s top rail freight operator in for Queensland coal terminal
Aurizon Holdings, Australia’s largest rail freight operator, is close to sealing a deal to acquire Wiggins Island Coal Export Terminal.…
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Japanese bulker slams into pier at Brake, Germany
The 2014-built handysize bulker slammed into a pier at Brake on the Weser river in Germany yesterday. The vessel was…
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Weekly Broker: Resurgent tanker demand fills bulker pause
A slight correction seen in dry bulk freight rates did not see any noticeable weakening of prices in the S&P…
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