Dry Cargo
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China Exim Bank to finance 10 valemaxes for China Merchants
China Merchants Energy Shipping (CMES) is expected to secure a financing deal with China Exim Bank for the construction of…
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Arbitration panel backs Navios in Vale terminal contract spat
Navios Maritime Holdings has received a favourable ruling in a London arbitration with Vale after the Brazilian miner ditched plans…
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Diana Shipping gets Dayang kamsarmax refund
Greek dry bulk owner Diana Shipping has received refunds of around $9.4m from the cancellation of a kamsarmax shipbuilding contract…
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G3 to build $500m grain terminal at Port Metro Vancouver
Agribusiness firm G3 (Global Grain Group) has announced it will build a new grain terminal at Port Metro Vancouver in…
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NACC in talks with Ningbo Xinle for cement carriers
Nova Algoma Cement Carriers (NACC), a 50/50 joint venture between Algoma Central Corporation and Nova Marine Holding, is in negotiations…
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Ernst Russ builds up stake in troubled Marenave
Troubled German line Marenave Schiffahrts has been given breathing space until January 27 by its creditors. Marenave has also revealed…
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Euroseas settles yard dispute, receives 38% discount on latest ultramax
Euroseas has fixed a dispute with an Asian shipyard and will now receive an ultramax bulker next year at a…
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Diana Shipping seals new charters and newbuild price cut
Diana Shipping says it has negotiated amendments to contracts with China Shipbuilding Trading Company and Jiangnan Shipyard to reduce the…
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Dry bulk operator Tranvast Holdings shuts down
Nanjing-based dry bulk shipping company Tranvast Holdings has made an announcement that the company has closed operations and will soon…
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Will shipping prospects improve in 2017?
As the tumultuous 2016 draws to a close we’re asking readers whether next year will be any better for the…
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Gary Vogel joins Ship Finance International board
John Fredriksen’s Ship Finance International Limited has appointed Gary Vogel, the current chief executive of Eagle Bulk Shipping, to its…
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Empire Bulkers takes kamsarmax
Low profile Greek owner Empire Bulkers has snapped up the six-year-old, Korean-built kamsarmax bulker from compatriot owner Efploia Shipping. Brokers…
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Polaris Shipping enters tanker trades
Polaris Shipping of South Korea, fresh from sealing a deal to buy four capesizes from Brazilian miner Vale, has now…
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Norden plans dry bulk growth
Norden has outlined plans to grow more as an operator rather than an owner in the dry bulk market. In…
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Evalend in for trio of kamsarmax resales
Greece’s Evalend Shipping has picked up a trio of Chinese bulker resales. Having been inspected by over ten interested parties,…
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Economou provides $200m for DryShips refinancing
George Economou, via Sifnos Shareholders, is providing DryShips with a $200m loan under a senior secured revolving facility to refinance…
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Eagle Bulk raises $100m for fleet expansion
Eagle Bulk Shipping has entered into a definitive agreement with various institutional and other accredited investors for the private placement…
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Scorpio renegotiates newbuild prices and credit facility
Monaco-headquartered Scorpio has negotiated the pricing of two newbuild vessels as well as a BNP Paribas credit facility. Scorpio Bulkers…
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Erasmus takes kamsarmax resales
John Su’s Erasmus Shipinvest has stepped in to snatch a pair of kamsarmax resales after Greece’s Chartworld Shipping pulled out…
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Gaslog, Star Bulk Carriers and Golar LNG hailed as best maritime equities of 2016
Gaslog, Star Bulk Carriers and Golar LNG have been hailed by Drewry Financial Research Services as the best performing maritime…
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