Dry Cargo
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Leon Patitsas makes bulk carrier return
Aframax specialist Leon Patitsas’s Atlas Maritime appears to have diversified its fleet and snapped up its first bulker in many…
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Bulker orders in China proliferate
Dry bulk orders in China are beginning to proliferate – the cheap prices proving too tempting for many. Chartworld Shipping…
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DryShips shares smashed by investors on news of another reverse stock split
Shares in George Economou’s Nasdaq-listed DryShips were given a hammering by investors on Friday after the company announced a 1-4 reverse…
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Navig8 closes cape desk, hands fleet to SwissMarine
Navig8 has handed over all its chartered in capesizes to SwissMarine. According to a recent Baltic Exchange market report: “Navig8…
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Three more ships join search for missing Stellar Daisy
According to the Uruguayan navy, which has been coordinating the search for the missing , the number of vessels scouring…
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Attention turns to Polaris’s 19 converted bulkers
A Korean seafarers union has questioned whether Polaris Shipping’s fleet is fit for purpose and suggested tankers that have been…
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Navios Maritime Partners acquires panamax bulker pair
Navios Maritime Partners has announced that it has agreed to acquire two 75,000dwt panamax vessels for $27m in total. The…
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Stellar Daisy: Contagion rather than containment
I woke on Saturday to the terrible news coming from Uruguay that the giant 266,000 dwt bulker had disappeared in…
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Tangshan Port suspends coal terminal construction
Tangshan Port has suspended the development of two new coal terminals at its Caofeidian port area in order to deal…
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Polaris suffers another VLOC mishap
Splash has learnt that another very large ore carrier (VLOC) belonging to Polaris Shipping has run into difficulty off South…
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JP Morgan grabs five ultramaxes en bloc from Setaf Saget
JP Morgan Global Maritime has taken over five ultramax bulk carriers from French dry bulk shipping operator Setaf Saget. According…
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Jinhui Shipping continues bulker sell-off
Jinhui Shipping and Transportation has disposed of 2012-built handysize vessel for $15m. Jinhui said it considers the sale a “favourable…
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Polaris under fire for slow response to VLOC’s disappearance
The search for the missing VLOC and 22 out of its 24 crew continues with more ships drafted in to…
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Yards look to profit from soaring secondhand bulker prices
Shipyards, noting the massive contraction in prices between secondhand and newbuild bulkers, are now trying to push up prices. In…
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Seanergy acquires secondhand capesize
Greek dry bulk owner Seanergy Maritime Holdings has entered into an agreement to acquire a 2012-built capesize vessel. The 179,213…
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Hopes fade in search mission for missing Stellar Daisy crew
The two rescued survivors of the VLOC , which apparently sank in the South Atlantic on Friday, have told their…
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DryShips seals new Kalani deal, moves to acquire six more vessels
George Economou’s DryShips has gone back to its favourite source of finance, the little-known Kalani Investments, who have agreed to…
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Canfornav takes Parakou handies
Canadian Forest Navigation (Canfornav) has bought a pair of sister laker ships – and Garganey – that it had been…
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Search efforts continue as 22 feared dead from VLOC sinking
The search continued on Sunday for survivors of the very large ore carrier which is believed to have sunk in…
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MOL boss rings the changes, vows to ‘reshape’ business portfolio
Speaking on the occasion of Mitsui OSK Lines’ 133rd anniversary, Junichiro Ikeda, the president and CEO of the shipping giant…
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