Dry Cargo
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TCC Group: Resurrecting the heady shikumisen days
Hong Kong: One of the grand names of Hong Kong shipping, Tai Chong Cheang Steamship (TCC Group) held celebrations in…
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Another capesize bulk carrier scrapped today
London: Another capesize bulk carrier is headed for a beach on the Indian subcontinent today, the 19th such vessel to…
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NewLead Holdings fixes panamax on 12-month COA
Athens: NewLead Holdings has fixed one of its panamax bulkers on a contract of affreightment (COA) to transport around 704,000…
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Ultrabulk diversifies
Copenhagen: The downfall of a fellow Danish operator has presented Ultrabulk with a new arena, kicking off a service between…
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First 21st-century capesize sold for demolition
London: Japan’s K Line has sold a 15-year-old capesize vessel for demolition, making the vessel the youngest cape to be…
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Shagang Shipping files for liquidation
Hong Kong: Dry bulk operator Shagang Shipping has filed for liquidation with a Hong Kong court, adding to the recent…
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Captain and officer held after bulker crew death
Athens: The captain and co-captain of the bulker Kosmas V (57,300 dwt, built 2011) have been arrested in Greece after…
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TransAtlantic CFO quits
Oslo: The chief financial officer at Rederi AB TransAtlantic, Tomas Bergendahl, has quit and will leave the company at the…
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Franbo Lines: Replacement tonnage following listing
Taipei: However perilously low the Baltic Dry Index might be there are opportunities to be had this year in the…
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Wisdom Marine to raise $80m via offshore bond issue
Taipei: Taipei-listed bulker operator Wisdom Marine has announced that it plans to raise $80m through an overseas bond issue. The…
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CFO adds to exodus from Thorco
Copenhagen: The boardroom meltdown at Thorco continues. Strategical differences in management at the line have forced CFO Kent Hedegaard to…
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UN targets North Korean firm
Dalian: A North Korean shipping company is violating sanctions by renaming most of its vessels, according to a study by…
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Five more for Malaysian Bulk Carriers
Kuala Lumpur: Malaysian Bulk Carriers (Maybulk) has set aside RM400m as it goes about another fleet expansion with five new…
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Oaktree Capital swaps Star Bulk board members
Athens: Oaktree Capital Management has switched up its representatives on the executive board of New York-listed Star Bulk Carriers. Mahesh…
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Eagle Bulk Shipping CEO tenders resignation
Athens: Sophocles N Zoullas, CEO of Nasdaq-listed Eagle Bulk Shipping, has given written notice that he intends to terminate his employment…
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Morgan Stanley gives dry bulk a shave
Oslo: Dry cargo shares have had their price target shaved by the American finance house Morgan Stanley. Hardest hit is…
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Huge reduction in dry bulk vessels ordered in 2015 to date
London: Only 27 dry bulk vessels have been ordered so far this year, a 91% contraction compared with the 301…
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Clipper Group CEO resigns from Thorco Shipping board
Copenhagen: CEO and partner of Clipper Group Kristian Mørch has resigned from the board of Denmark’s Thorco Shipping, after a dispute…
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Swire Bulk Logistics forms New Zealand partnership
Singapore: Swire Bulk Logistics, the industrial shipping division of China Navigation Company, has formed a partnership with New Zealand’s Golden…
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Baosource orders two
Dalian: Korean shipbuilding news site, Asiasis, reports that Baosource Shipping, a Shanghai firm, has ordered a pair of small bulkers.…
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