Dry Cargo
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Augustea to invest $70m in new Pakistan coal transhipment project
Augustea Group of Italy will be the maritime branch of a new project soon to be launched by China Power…
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China cancels one third of domestic iron ore mining licenses
In an important fillip for capesize owners, China is cancelling roughly one third of its domestic iron ore mining licenses,…
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Safe Bulkers linked to first deal since 2014
Brokers reports link Greece’s Safe Bulkers has done its first S&P deal in years, a significant move by the large…
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Norden secures long-term salt contract with Chile’s Empremar
Danish shipowner Norden has signed a new 10-year contract with Chile’s Empremar for the transportation of road salt from Chile…
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Angelicoussis orders up to four newcastlemaxes
Having put pen to paper on $560m worth of VLCC newbuilds so far this year, John Angelicoussis, via his company…
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Nova Marine and Algoma add two ships
Canadian shipping group Algoma Central and its Swiss partner Nova Marine Carriers have just snapped up two ships for the…
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Foremost Group adds capesize pair at Waigaoqiao Shipbuilding
New York-based Foremost Group has placed an order at CSSC-affiliated Shanghai Waigaoqiao Shipbuilding for the construction of two 180,000 dwt…
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Hyundai Heavy confirms Polaris order for 10 gas-ready VLOCs
South Korea’s Hyundai Heavy Industries (HHI) has confirmed a deal worth $800m to build 10 very large ore carriers, its…
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Scorpio Bulkers back in buying mode, takes six Golden Ocean ultramaxes
Scorpio Bulkers is back in buying mode. After more than two years of scaling back its fleet and waiting on…
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Polaris Shipping in for up to fifteen VLOCs at Hyundai Heavy
South Korean owner Polaris Shipping is close to clinching a deal with compatriot shipyard Hyundai Heavy Industries (HHI) for the…
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‘SGX and Baltic is essentially a combination of dry bulk and freight’
The head of the Singapore Exchange (SGX) has outlined how he sees London’s Baltic Exchange working in combination with its…
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Wisdom Marine cancels plan to enter tanker sector
Taiwanese owner Wisdom Marine has cancelled plans to build two 115,000dwt aframax tankers at Japan Marine United. Wisdom Marine approved…
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Meghna’s latest supramax buy clearly illustrates rising bulker prices
Clarkson Research has clearly illustrated how secondhand bulker prices have risen in the past 12 months. Aggressive Bangladeshi owner Meghna…
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Taiwan Navigation orders ultramax pair at Oshima Shipbuilding
Taiwanese dry bulk owner Taiwan Navigation has placed a new order at Japanese yard Oshima Shipbuilding for the construction of…
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A supramax out and capesize in at Songa Bulk
Songa Bulk has announced the sale of its 2009-built supramax bulker , booking a $2m profit in the process. Brokers have…
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Pillarstone to present new RBD Armatori rescue plan
A third attempt at a restructuring plan under the ‘concordato preventivo’ procedure of Italian law will be presented next month…
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Songa Bulk readies for more ships
Songa Bulk said today it is contemplating a tap issue with a target amount of $18m from a senior secured…
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Bulker and tanker collide near Antwerp
Bulk carrier Usolie and tanker Seatrout collided yesterday on Western Scheldt off Bath, Netherlands while departing Antwerp yesterday. The two…
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Songa Bulk acquires Japanese-built kamsarmax
Arne Blystad’s Songa Bulk has announce the acquisition of a 2012-built kamsarmax bulker to bring its fleet up to 15…
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20 valemaxes ordered at Chinese and South Korean yards
Brazilian iron ore miner Vale has started a new round of shipping capacity expansion via COA deals with South Korean…
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