Dry Cargo
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German logistics company takes 40% stake in Arkon
German logistics giant Rhenus has swooped to take a 40% stake in compatriot Arkon Shipping, an owner with 119 ships…
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Two Qingfeng Shipping bulkers sold at auction
Two bulk carriers of financially troubled Zhejiang Qinfeng Shipping have been sold by Ningbo Maritime Court via auction at the…
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CSC Phoenix parent’s shares to be unfrozen
Chinese domestic dry bulk shipping firm CSC Phoenix has announced that its controlling shareholder, Tianjin Shunhang Shipping, has reached a…
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Oldendorff converts bulker into transloader
German carrier Oldendorff has contracted Chinese yard CSSC Chengxi Shipyard to convert its 88,266dwt post panamax bulk carrier into a…
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Essar pushes forward fleet rejuvenation scheme
Shipbrokers will be knocking at the doors of one of India’s top private lines following today’s board meeting at Essar…
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11-year-old panamax bulker more than doubles in price since October
Illustrative of the soaring prices for bulk tonnage an 11-year-old panamax that was sold at auction last October in India…
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Toisa gets cash collateral help
Toisa, a shipowning vehicle controlled by Greek magnate Gregory Callimanopulos, has received bankruptcy court approval for the use of cash…
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Oriental Ocean sells off most of its fleet
Chinese owner Oriental Ocean Shipping Holding (OOSCO) has sold of a trio of modern Chinese-built post-panamax bulkers. Brokers tell Splash…
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Dry bulk recovery at risk from new flood of investor money: Pareto
As part of BRS Group’s just released 120-page annual review Pareto Securities has warned dry bulk risks seeing a flood…
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Kambara Kisen sells another supramax
Just one week after brokers reported its last supramax sale, Japan’s Kambara Kisen has sold another. The owner, which also…
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Court to auction Fujian Crown Sea Shipping bulker
Xiamen Maritime Court has announced that it will hold an auction for Fujian Crown Sea Shipping’s handymax bulk carrier via…
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Better to burn out than to rust
“It’s better to burn out than to rust.” So wrote Neil Young back in the late 1970s in his great…
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Turkish cargo ship sinks in Libya, seven missing
Turkish general cargo ship sunk at Misrata anchorage off the coast of Libya yesterday. The 3,200dwt 1979-built vessel, carrying marble…
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Dry bulk revival set to be cut short by newbuild splurge
Shipowners have taken the plunge and set about the start of what looks like another killer dry bulk ordering binge.…
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Western Bulk Chartering boss questions whether expectations are running ahead of fundamentals
Jens Ismar, CEO at Norway’s Western Bulk Chartering, has pondered whether expectations are running ahead of fundamentals when it comes…
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Nova Marine Carriers: Technology and partnerships to weather the storm
Amid the current challenging market scenario for dry bulk shipping, Nova Marine Carriers is facing the crisis following two main…
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Pan Ocean beats keen interest for Hanjin kamsarmax pair
The last remains of South Korea’s Hanjin Shipping bulker segment that have been under the wings of lead creditor Korean…
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CSC Phoenix stake sale delayed
Chinese domestic dry bulk shipping firm CSC Phoenix has announced that its controlling shareholder Tianjin Shunhang Shipping has signed a…
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Diana Shipping panamax charter extended by Nidera
Greek dry bulk owner Diana Shipping has extend the time charter contract to Italy’s Nidera for 2005-built panamax vessel for a…
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Three Hanjin capes sold
State-run Korea Development Bank (KDB) has sold three capesizes that were part of defunct Hanjin Shipping’s fleet. The sales were…
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