Dry Cargo
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Korea Line orders VLOC pair at Hyundai Heavy
Korea Line Corporation has announced today that it has placed an order with Hyundai Heavy Industries for the construction of…
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Oldendorff takes another supramax
Hong Kong-registered Woodstreet, a joint venture between UK-based Clearwater Marine and Norway’s Viken Shipping, has sold a seven-year-old 58,000 dwt…
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Weekly Broker: Supramax love-in continues
With the Baltic Dry Index at highs this week not seen for more than 40 months, owners’ hunt for prized…
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Shanghai Newseas Navigation acquires ultramax from Raffles Shipping
Shanghai Newseas Navigation, the shipping unit of Orient International Logistics Holding, has announced the acquisition of 64,000 dwt bulker from…
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Angelicoussis confirms bulker order at Waigaoqiao
John Angelicoussis’s Anangel Maritime Services has officially signed shipbuilding contracts with CSSC-affiliated Waigaoqiao Shipbuilding for the construction of two 210,000…
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Chaos hits Technomar bulker as crew threatened by Nigerian stowaways
Four stowaways were arrested by Uruguayan authorities after they menaced the crew of 2011-built bulk carrier . The supramax bulker,…
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Liquidators appointed at Mercator Lines
The Singapore dry bulk offshoot of India’s Mercator Group has appointed liquidators Yit Chee Wah and Joshua James Taylor today…
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Nova Shipping orders woodchip carrier pair at CSSC Chengxi
China’s CSSC Chengxi Shipyard has announced that it has entered into shipbuilding contracts with a Singapore owner for the construction…
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TCC replaces older cape with a younger model
The fleet rejuvenation programme continues apace at 100-year-old TCC Group, a famous name among Hong Kong shipowners. Just weeks after…
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Navibulgar declares options on Yangzijiang handysizes
Bulgarian owner Navibulgar has declared options on a pair of handsizes at China’s Yangzijiang shipyard. Navibulgar ordered had previously placed…
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Courage Investment eyes blockchain jv
Hong Kong-listed Courage Investment, formerly known as Courage Marine, has entered into a memorandum of understanding to explore the possibility…
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Rhodium Resources enters shipowning with supramax acquisition
Singapore-based commodity trading company Rhodium Resources has acquired three secondhand supramax bulk carriers, marking the company’s entry into the shipowning…
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Polaris inks five more VLOCs at Hyundai Heavy
South Korea’s Polaris Shipping has wasted little time exercising options for yet more very large ore carriers (VLOCs). Polaris, in…
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Mosvold Shipping orders capesize pair at Yangzijiang Shipbuilding
Norwegian owner Mosvold Shipping has placed an order for two 180,000 dwt capesize bulk carriers, with two additional options, at…
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Scorpio Bulkers banks $6m from kamsarmax sale and leaseback deal
Monaco-headquartered Scorpio Bulkers has entered into a sale and leaseback deal with an unnamed Japanese party for 2015-built kamsarmax .…
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RBD Armatori shareholders given jail time for tax evasion
The former management at Naples-based RBD Armatori have collectively been sentenced to over 30 years of jail in a tax…
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Victor Restis invests in Globus Maritime
Tycoon Victor Restis has come in via a private placement to take 12.5m shares at $1.60 a unit at fellow…
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Pillarstone goes all in on RBD Armatori’s rescue plan
KKR-controlled turnaround fund Pillarstone has decided to go all in for RBD Armatori, the Naples-based shipping company whose non-performing loans…
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Weekly Broker: Supramaxes top interest
This Thursday in our regular weekly filleting of broker S&P reports Splash has seen a steady batch of deals coming…
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The best time to invest? Perhaps, but don’t lose sight of the Three Es
The industry is getting excited about asset values relative to earnings potential but keep a weather eye on the downside,…
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