Dry Cargo
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Owners turn to Chinese bulker tonnage
With values increasing for Japanese and Korean built supramaxes, European-based buyers have begun to shift their focus onto Chinese built…
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Great Eastern Shipping acquires secondhand supramax
India’s Great Eastern Shipping has signed a contract to acquire a 58,000 dwt supramax bulker. The 2009-built vessel is expected…
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Thoresen scraps elderly handy
Thoresen Shipping Singapore (TSS) has sold 22-year-old handy bulk carrier for scrap, notching up a price of $2.72m. The sale…
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Gearbulk and Grieg Star ‘cornering the market’ with new JV
Gearbulk and Grieg Star are trying to “corner the market” in the open hatch/gantry sector, analysts at online ship pricing…
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Bashundhara continues fleet buildup
Weekly broking reports have been filled this year with Bangladeshi companies picking up vintage Japanese built tonnage. This week is…
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Wenzhou Shipping goes into liquidation
Wenzhou Shipping, a subsidiary of state run Zhejiang Shipping Group, has been declared bankruptcy at Wenzhou Intermediate People’s Court. The…
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Dry bulk delivery slippages escalate
The slippage in dry bulk deliveries from shipyards has escalated dramatically in 2016, new research from brokers Intermodal shows. “Besides…
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Gearbulk and Grieg Star combine forces to create 130-ship fleet
Gearbulk and Grieg Star are joining forces to create a giant 130-ship strong dry bulk fleet. The JV will be…
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Master of ‘death ship’ should be charged: ITF
The International Transport Workers’ Federation (ITF) has urged the Australian coroner investigating the series of deaths onboard the Japanese bulker…
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Hanjin to axe 400 staff in South Korea
Hanjin Shipping will lay off about 400 land-based employees in South Korea as it fights for survival. The news follows…
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Flinter pushed to the edge of bankruptcy by ING
Flinter Group, one of the top ten largest shipowners in the Netherlands, is on the ropes. The multipurpose shipowner has…
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2013-built Chinese panamax fetches $18.5m
Qingdao Lizhou, a small Chinese dry buk entity, has sold a three-year old panamax to Germany’s Intermare Transport. The German…
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French sugar trader creates stir with handy quartet swoop
Hamburg Bulk Carriers is selling off a sizeable part of its fleet to France’s Sucden Group. In total HBC has…
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Hanjin’s longest voyage yet
“Time is the longest distance between two places,” concludes the Tennessee Williams’ character at the end of the play The…
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Another Korean line files for court receivership
Another South Korean shipping line has sought court protection. Seorae Sea Merchant Corp filed for bankruptcy on Friday in Seoul.…
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Oldendorff continues rapid expansion snapping up eight bulkers
Germany’s Oldendorff has added to its already substantial dry bulk fleet with the acquisition of eight new vessels on the…
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MOL in for rare cape order
News comes from Japan of a very rare order for a new capesize. Imabari Shipbuilding has signed a contract with…
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Genco offloads bulker pair
Greek owner Genco Shipping & Trading has entered into agreements to sell two handysize bulk carriers, 1998-built and 1999-built Genco…
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New Shipping swoops for secondhand NYK Line cape
New Shipping, led by Adam Polemis, continues to dive into the secondhand maket picking up the 2007-built capesize bulker from…
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Georgiopoulos resigns from Genco
Peter Georgiopoulos (pictured) has today resigned as chairman and a director of NYSE-listed Genco Shipping & Trading Limited. No reason…
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