Dry Cargo
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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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Norden scores 9-year wood pellet transportation contract with Pinnacle
Danish owner Norden has signed a 9-year contract with Canada’s Pinnacle Renewable Energy for the transportation of wood pellets starting…
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NewLead pair sold by Goldman Sachs
Singapore owner Wilmar is ending the year at a gallop. Subsidiary Raffles Shipping has just been linked as the buyer…
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P&P Shipping takes two handymax bulkers
Pireaus-based P&P Shipping has beaten off plenty of competition to seal two handymax bulker deals. The company trumped 11 other…
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Diana Shipping finds charter for newbuild newcastlemax
Greek dry bulk owner Diana Shipping has chartered out a 208,500 dwt newcastlemax to Singapore’s Koch Shipping. The 12-16 month…
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Terminal developer sues Oakland over coal transportation ban
The would-be developer of a port terminal in Oakland, California, is suing the Bay Area city over a ban on…
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Asia Maritime Pacific merges with Sono Shipping
Hong Kong bulker firm Asia Maritime Pacific (AMP) has merged with Sono Shipping from the US. “Sono Shipping will now…
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BW Dry Cargo takes eighth bulker this year
Broking reports have belatedly latched onto yet another kamsarmax buy by acquisitive BW Dry Cargo. Adelfia Navigation from Greece has…
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Greek industrial tycoon Evangelos Mytilineos makes dry bulk play
A Greek industrial tycoon is taking advantage of low ship prices to enter the dry bulk markets and build up…
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Vale sells four capes to Polaris for $140m
South Korea’s Polaris Shipping has concluded a deal to buy four capesizes belonging to Brazilian mining giant Vale. The deal…
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Hajioannou eyes bulker bargains with share offering
Another big name in dry bulk is building a war chest to snap up secondhand bargains. Polys Hajioannou’s Safe Bulkers…
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Exclusion zone in place around burnt bulker
Authorities in the UK will today decide what to do with the , a Maltese flagged bulker which suffered a…
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Westfal-Larsen to step down at year-end
Westfal-Larsen Group has announced that 73-year-old Rolf Westfal-Larsen will be stepping down as CEO of the group at the end…
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Almi Marine takes first supra of the year
Brokers report that supramax specialist Almi Marine has dived into the secondhand market, fixing its first deal of the year.…
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Nisshin offloads more bulkers
Nisshin Shipping is staying loyal to its strategy and continues to offload bulkers. The last month of the year is…
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