Dry Cargo
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Klaveness offloads last kamsarmax
Norwegian owner Klaveness has sold kamsarmax vessel to “Asian interests”, it announced today. The vessel was the last of a…
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Transmed linked to Japanese bulker
Transmed Shipping is being tipped by brokers as the buyer of the Kambara Kisen-owned , a nine-year-old post-panamax bulk carrier. Transmed…
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Zosco declared bankrupt
Zhejiang Ocean Shipping (Zosco), a major state-run dry bulk shipping company in Zhejiang, has been declared bankrupt by Hangzhou Intermediate…
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Zosco puts four capesize bulkers up for sale
Chinese state-run shipping company Zhejiang Ocean Shipping (Zosco) has put four capsize bulkers for sale according to London-based shipbroker Galbraiths.…
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BW Dry Cargo takes another supramax
Fast developing BW Dry Cargo has paid $12m for another supramax. Founded by BW Group this April, BW Dry Cargo…
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NewLead’s Zolotas quits
Facing a barrage of court cases NewLead Holdings boss Michail Zolotas has resigned from his role as chairman, president and…
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SR Shipping in for another Japanese supramax
We are in week 43 of the year and yet again Bangladesh’s SR Shipping is linked to another supramax and…
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Hanjin seeks to close Europe operations
Embattled Hanjin Shipping’s move to try and forge a future as an intra-Asia operator moves ahead with news the Korean…
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$27bn: IMF estimates bill Korean taxpayers are paying to save local maritime industries
Irate Korean taxpayers reacted with shock Sunday as the full enormity of Seoul’s bailout of the nation’s beleaguered shipping and…
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Pacific Basin negotiates lower charter rates by offering new shares
Pacific Basin is handing out new shares to ten owners in return for getting lower charter rates on ships it…
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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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