Dry Cargo
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ZPMC to acquire 50% stake in four GPO heavy lift vessels
Port machinery manufacturer Shanghai Zhenhua Heavy Industries (ZPMC) has announced a plan to acquire 50% of Greenland Heavylift Holdings (Hong…
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Shareholder revolts fails to unseat top brass at K Line
Top management at Kawasaki Kisen Kaisha (K Line) can breathe easier tonight having fought off a shareholder rebellion. A number…
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Greenship Bulk Trust to close
Greenship Bulk Trust, which is in the midst of selling its fleet of 14 ultramaxes, will be closed down later…
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Diana Shipping fixes panamax to Phaethon
Greek dry bulk owner Diana Shipping has fixed 2005-built panamax bulker to Phaethon International on time charter for a period…
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Handysize bulk carrier joins Dabinovic’s fleet
Dabinovic from Monaco has increased its fleet of bulk carriers with a modern new entry but has denied a deal…
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Golden Ocean seeking further acquisitions
Fresh from bedding in the fleet of Quintana Shipping in March, John Fredriksen’s Golden Ocean looks to be on the…
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Eagle Bulk in the market for more ultramaxes and supramaxes
US bulk carrier operator Eagle Bulk is looking to further renew its fleet. According to Gary Vogel, CEO of the…
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Ocean Longevity orders bulker trio at Japanese yards
Hong Kong-based bulk shipping company Ocean Longevity has ordered three panamax bulkers at two Japanese yards. According to VesselsValue, the…
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Polaris sends elderly VLOCs into cold layup
Polaris Shipping, the troubled South Korean dry bulk owner, has decided to send some of its vintage ore carriers into…
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CSC Phoenix sale in doubt
The sale of Chinese dry bulk operator CSC Phoenix is now in doubt following a dispute between Tianjin Shunhang Shipping,…
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Oldendorff returns to Hantong for kamsarmaxes
German owner Oldendorff Carriers has placed an order for one firm and one optional 82,000 dwt kamsarmax bulker at Jiangsu…
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CarVal takes HMM cape for $30.5m
Weeks after Korean owner Hyundai Merchant Marine (HMM) invited offers for the 178,896 dwt old , Splash can finally reveal…
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Pangea Logistics acquires supramax using sale and leaseback funds
Pangaea Logistics Solutions has sold one of its existing vessels, the 2012-built , to a third party for $7m and…
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China Steel Express confirms order for four capesizes
Taiwanese owner China Steel Express (CSE) has approved a plan to order four 208,000dwt capesize bulkers at Taiwanese and Japanese…
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Diana Shipping fixes panamax bulker to Hudson Shipping Lines
Greek dry bulk owner Diana Shipping has fixed its 2004-built panamax vessel on a time charter contract to Sea Trade…
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Noble Group extends key debt deadline
Hong Kong-based commodities giant Noble Group said in a release today it has extended a key debt deadline and is…
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DryShips shares plunge 32% on news of fourth reverse split this year
George Economou’s DryShips has announced a 1-for-5 reverse stock split of the company’s shares effective June 22, its fourth reverse split…
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Spinelli buys Genoese dry bulk terminal
Genoa-based Spinelli Group, a company controlled by the local Spinelli family along with the iCON Infrastructure fund, has bought 80%…
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Coco Vroon puts car carrier division and three more product tankers up for sale
As it fights for a firmer financial footing Vroon is looking to sell more product carriers as well as its…
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Precious ditches final ultramax at Taizhou Sanfu
In an announcement to the Thai stock exchange, Precious Shipping has revealed it has canned the last ship it had…
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