Dry Cargo
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Economou scoops Saverys for newcastlemax quartet
Brokers are reporting George Economou has scooped the Saverys family for a quartet of modern Chinese-built newcastlemaxes. Hunter Maritime Acqusition…
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K Line becomes a fully-fledged Indian shipowner
A subsidiary of Kawasaki Kisen Kaisha (K Line) has become a member of the Indian National Shipower’s Association (INSA) as…
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Hanjin-linked vessel sales continue apace
JP Morgan has bought Hanjin capesize that had earlier been linked to Greece’s Chartworld. Creditor KEB Hana Bank was believed…
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Bondholders brace for $1bn losses from Hanjin’s collapse
Plenty of companies and individuals are set to suffer large losses from their investments in South Korea’s Hanjin Shipping, a…
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Tan Binh makes first buy of the year
An adroit Vietnamese dry bulk player has made its first move for the year. Tan Binh, which was one of…
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Hanjin Shipping finally declared bankrupt
Hanjin Shipping was declared bankrupt today at a court in Seoul, bringing final closure to one of the most high…
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Golden Union hungry for capesizes
Weeks after Theodore Veniamis-led Golden Union was revealed as the taker one of Hanjin’s baby capes, taking 114,650 dwt Hanjin Buchanan…
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Diana Shipping cape charter extended
Greek dry bulk owner Diana Shipping has agreed a deal with SwissMarine Services to extend the time charter for 2009-built…
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CSC Phoenix dragged into complex legal case
Chinese dry bulk shipping company CSC Phoenix has announced that the company’s controlling shareholder Tianjin Shunhang Shipping has entered a…
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Kuok taps own salvage firm to refloat one of his bulkers
Semco Salvage & Towage has refloated the grounded Alam Manis, a handymax belonging to Malaysian Bulk Carriers (MBC). Both Semco…
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Warwick Norman steps down at RightShip
Warwick Norman is stepping down from his position of CEO at Australian online vetting company RightShip. Norman, who has held the…
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Yangzijiang Shipbuilding growing fast as a bulker owner
Like other Chinese shipbuilders facing squeezed circumstances Yangzijiang, China’s largest private shipbuilder, is growing as a fully-fledged shipowner. Singapore-based Yangzijiang…
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Sinochem in talks to take a stake in Noble Group
State-run Sinochem is in talks to take a stake in troubled commodities giant Noble Group. While not mentioning the Chinese…
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Beijing’s anti-smog plans include steel cuts and shifting coal shipments from Tianjin
Amid record levels of pollution Beijing is looking at taking drastic measures including banning coal at the northeastern port of…
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What dry bulk owners need to know about the internal dynamics of China
George Nordahl from Affinity Research highlights the complexity of the Chinese industrial machine, and its role in determining import demand.…
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Taxman among raft of parties objecting to International Shipholding’s restructuring plan
A slew of creditors plus the US taxman have objected to International Shipholding’s restructuring plan in recent days, likely putting…
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Oldendorff takes post-panamax
Oldendorff, one of the busiest buyers and sellers in dry bulk over the past three quarters, has bagged a post-panamax.…
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‘Aggressive’ cape scrap price could entice owners to head for the beach
Capesize owners could be swayed to scrap more ships following the very firm $345 per ldt Star Bulk achieved for…
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Private equity to snap up bust Ultrapetrol’s river unit
Argentina’s Ultrapetrol has got the go ahead from a US bankruptcy court to embark on a quick chapter 11, with…
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Chinese vessel and crew stranded in India since December
A bulk carrier owned by bankrupt Chinese owner Tranvast has been detained at India’s Haldia port since December. The ship…
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