Dry Cargo
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Augustea offloads elderly panamax bulker
The 2002-built panamax bulk carrier is being sold by Italy’s Augustea Group to Chinese investors according to several broker reports.…
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Diana Shipping capesize charter extended
Diana Shipping has announced that Germany’s RWE Supply & Trading has extended the time charter contract for 2014-built capesize vessels…
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SGX regulators lashed for ‘spectacular failure’ surrounding the rise and fall of Noble Group
Iceberg Research, the organisation that triggered the downfall of Asian commodities giant Noble Group, has issued its first report in…
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Trojan Maritime bulker banned from Australian ports
The Australian Maritime Safety Authority (AMSA) has banned bulk carrier , owned by Greek owner Trojan Maritime, from Australian ports…
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Pacific Basin acquires five Japanese-built bulkers
Hong Kong’s Pacific Basin has announced the acquisition of four secondhand bulkers and one resale bulker, via five separate contracts,…
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JP Morgan acquires panamax bulker from United Ocean
JP Morgan Global Maritime continues its secondhand bulker buying spree, acquiring 82,000dwt bulker from United Ocean Group. According to broking…
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Sri Lankan cement firm doubles fleet size
A Sri Lankan cement manufacturer has doubled the size of its fleet in a matter of weeks. Tokyo Cement, Sri…
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Navibulgar in for Chengxi handy quartet
Bulgaria’s largest shipowner continues its rapid fleet expansion with more Chinese handy orders. Navibulgar has gone to Chengxi Shipyard for…
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Evalend Shipping returns to Yangzijiang for four more bulkers
Greek owner Evalend Shipping has returned to China’s Yangzijiang Shipbuilding for the construction of four 82,000 dwt panamax bulkers at…
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Pleiades Shipping enters dry bulk sector with order at Namura
Greek owner Pleiades Shipping has placed an order of two 85,000 dwt post-panamax bulk carriers at Japan’s Namura Shipbuilding. The…
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Wisdom Marine raises $10.6m to fund newbuildings
Taiwanese owner Wisdom Marine has announced a plan to raise NTD320m ($10.58m) through issuing 32m new shares. It will use…
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Bangladesh Shipping Corporation in negotiations for eight more Chinese ships
Bangladesh Shipping Corporation (BSC) is in negotiations with Chinese lenders for an eight-ship order. BSC already has three bulk carriers…
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Cargill and Mitsui team up for new China cape foray
Agricultural commodities giant Cargill has teamed up once again with Japanese trading house Mitsui & Co to take advantage of…
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Navios takes a cape and a supramax
Listed companies continue to dominate the S&P headlines. Last week New York-listed Navios Maritime Partners gave limited details of its…
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Tan Binh makes $1.55m profit from latest asset play
One of Southeast Asia’s most adroit dry bulk asset players has made another tidy profit on a ship sale. Tan…
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China Steel Express offloads ageing panamax bulker
China Steel Express, the shipping unit of Taiwan’s China Steel Corporation, has sold 76,600dwt panamax bulker to an unknown buyer.…
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Diana Shipping fixes kamsarmax bulker to Glencore
Greek dry bulk owner Diana Shipping has entered into a time charter contract with Glencore Agriculture for 82,193dwt kamsarmax bulker…
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Noble Group to slash headcount to just 400
Noble Group, Asia’s largest commodities trader at the start of this decade, will slash its staff to just 400 in…
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Cosco Shipping teams up with COFCO on grain shipping
Cosco Shipping Bulk has signed a strategic framework agreement with China’s largest grain trader COFCO Group in the latest example…
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Diana Shipping bulker grounded off Indonesia
Greek dry bulk owner Diana Shipping has revealed that employment of 2004-built panamax bulker has been disrupted due to the vessel…
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