Dry Cargo
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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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Scorpio Bulkers secures funding for Golden Ocean ultramaxes
Emanuele Lauro-led Scorpio Bulkers has sealed a loan facility of up to $85.5m from Nordea Bank and Skandinaviska Enskilda Banken,…
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Thoresen Shipping confirms Songa Bulk supramax acquisition
Thai owner Thoresen Shipping has announced the acquisition of 58,700 dwt supramax bulker Songa Marlin from Songa Bulk. Thoresen Shipping…
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Trøim sets sights on dry bulk with launch of 2020 Bulkers
Tor Olav Trøim, once John Fredriksen’s right hand man, has created a dry bulk vehicle, placing orders for newcastlemaxes in…
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Why now might not be the best time in the last 30 years to invest in shipping
A report carried on this site yesterday stating that now is the best time since the 1980s to invest in…
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‘Investment opportunities in shipping could perhaps be the best in over 30 years’
The latest quarterly report from Clarksons Platou Securities argues that now is the best time in the last 30 years…
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Hanjin boss accused of misappropriating funds
Police are seeking the arrest of Cho Yang-ho, the CEO of Korean Air Lines and chairman of Hanjin Group, over…
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Golden Ocean acquires two capesize bulkers
John Fredriksen’s Golden Ocean Group has announced the acquisition of two capesize vessels from affiliates of Fredriksen’s Hemen Holding at…
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General cargo ship sinks after hitting reef near Fujian
Chinese general cargo ship Quan Hai 88 sank after hitting a reef near Quanzhou, Fujian yesterday evening. The ship, which…
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G2 Ocean: Six months on
It is nearly six months since G2 Ocean began work on Labour Day, and the changes continue to roll in…
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Bulk carrier sinks near Philippines, 10 missing
Hong Kong-flagged bulk carrier sank near Luzon of The Philippines on Friday. The incident occurred when the 57,000 dwt supramax…
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Diana Shipping scraps bulker which grounded off Indonesia
Greek owner Diana Shipping has sealed an agreement to sell the 2004-built panamax bulker for demolition. Melite grounded at Pulau…
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Weekly Broker: Smaller tonnage in vogue
With 2017 set to be a record year for sale and purchase and shipowners famous for being about as forthcoming…
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Final Guanhai ship up for auction shows how fast arrested vessels can deteriorate
Built just five years ago, the ship pictured above shows readers just how fast arrested ships can deteriorate. The 80,012…
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