Dry Cargo
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Handysize bulker prices remain steady
Values remain steady in the handysize bulker segment, Clarkson Research reports, with Japan’s Yahata Kisen selling the modern 28,348 dwt…
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Price differential between Japanese and Chinese bulkers evident in recent resales
A resale panamax bulker with a 38 m wide beam design has fetched $25m in an off-market deal, Thrasyvoulos bought by Samos…
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Chartworld chases bulker trio
Greece’s Chartworld has roared back into action with a trio of acquisitions, making the most of the bargain secondhand prices…
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Diana Shipping wins new Koch charter and extension with Cargill
Diana Shipping has sealed a time charter contract with Singapore-based Koch Shipping for 2013-built capesize vessel . The charter is…
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Kassian Maritime acquires resale bulker from Jinhai Heavy Industry
Greek owner Kassian Maritime has acquired an 82,000dwt bulk carrier from HNA-affiliated yard Jinhai Heavy Industry. The purchase price for…
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DryShips shares sink on concerns over new gas deals
Shares in George Economou’s DryShips continue to set new 52-week lows as investors desert the company in big numbers on the…
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Dry bulk stocks best performers in 2017
Dry bulk equities have recorded the largest gains of all the shipping segments over the past month, indicating, what Alphabulk…
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Guangdong Wenhua Furui to take over CSC Phoenix
Chinese dry bulk operator CSC Phoenix has announced that its controlling shareholder Tianjin Shunhang Shipping has signed a letter of…
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Empire Bulkers pays $8m for panamax
One of 2016’s busiest bulk sellers has sold a ship to one of the year’s busier buyers. Empire Bulkers of…
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Uni-Asia Shipping bulker collides with fishing vessel, four missing
Bulk carrier collided with a fishing vessel off South Korea’s southeastern coast yesterday. The collision led to the capsizing of…
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Two bulkers collide off Shanghai
Two capesize bulk carriers and Spartacus collided in the East China Sea near Shanghai this morning. Spartacus suffered minor damage…
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DryShips takes option on first of four VLGCs
George Economou’s DryShips has made good on its plans to move into gas shipping, exercising an option for one of…
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Franco Naviera snaps up bargain Japanese handymax
Greek owner Franco Naviera has picked up a bargain Japanese 2008-built handymax bulker for just $10.1m, at least $2m cheaper…
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DryShips eyes George Economou’s gas ships
George Economou’s DryShips has entered into a “zero cost” option agreement with TMS Cardiff Gas, also controlled by Economou, for…
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Seoul readies billions to aid local lines and yards
Seoul will launch a state-backed ship financing firm this month with initial capital of KRW1trn ($845m) to help the nation’s…
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Huangpu Wenchong wins court ruling to freeze KC Maritime assets
A Hong Kong court has approved CSSC-affiliated yard Huangpu Wenchong Shipbuilding’s application to freeze the assets of Dry Bulk Services,…
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Tianjin Shunhang to offload CSC Phoenix stake after failed restructuring
Chinese dry bulk operator CSC Phoenix has announced that its controlling shareholder, Tianjin Shunhang Shipping, is planning to sell its…
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Qinfa Group delays shipping asset sale
Hong Kong-listed commodity trader China Qinfa Group says that it has to delay a potential deal to sell its China…
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2017: the year for dry bulk owners to escape the bankers’ clutch
Jens Ismar, ceo of Norway’s Western Bulk Chartering, foresees a healthier year coming up for dry bulk, one where “many…
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Japanese shipping giants show little optimism for 2017
The heads of Japan’s three largest shipping lines addressed their employees today as the nation headed back to work. The…
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