Dry Cargo
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Charterers to take $1.2bn hit as Hanjin pushes plans to become an intra-Asia operator
Hanjin Shipping is trying to reposition itself as a small intra-Asia player if it gets the nod to survive from…
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Bangladesh owner in fleet renewal mode
Bangladeshi commodity conglomerate Meghna Group has added its second ship in a few months, brokers note. They tell Splash the…
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Chang Myung sells another capesize, ER Schiffahrt sales rumoured too
The week has closed with another capesize being sold, and negotiations for three more sales are ongoing, brokers tell Splash.…
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Lawyers the winners so far from Hanjin Shipping crisis
Lawyers are clearly the biggest winners to date in the 17 days since Hanjin Shipping sought court receivership, triggering supply…
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Are we entering peak bankruptcy season?
Are we entering peak bankruptcy time now for shipping? I’d argue that the coming six to 12 months will see…
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Star Bulk aims to raise $51.5m in share offering
Star Bulk has priced its latest share offering, in which it aims to raise up to $51.5m for “general corporate…
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Star Bulk fixes financial position
Star Bulk has moved to fix its financial position. The New York-listed outfit has managed to put $224m of loans…
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DryShips swaps debt for shares, offloads panamax bulker
George Economou’s DryShips has eached an agreement with Sifnos Shareholders, a company controlled by Economou, to convert $8.75m outstanding under…
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Hanjin ships put up for sale as Italian subsidiary closes
More Hanjin ships have been put up for sale. Citing shipbroking sources, Reuters is reporting that the Hanjin Mar and…
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Bulker prices at historic all-time lows: Intermodal
Bulker prices are at historic all-time lows, broker Intermodal claims in a recent weekly report. In regards to dry bulkers,…
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Ceres capesize fixed on timecharter as spot market loses steam
Livanos-led Ceres Shipping has fixed one of its capesize bulk carriers on a five- to eight-month timecharter, according to Baltic…
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Marsh forecasts lower charter rates in the wake of Hanjin’s demise
Cargo owners and shipowners are most at risk of suffering financial losses from Hanjin Shipping’s entering into court receivership, according…
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Winning Shipping buys ex-Hanjin-chartered capesize
China’s Winning Shipping has bought a capesize from Kumiai Senpaku that was formerly on charter to Hanjin Shipping, which entered…
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South Korean president warns Seoul will not rescue Hanjin Shipping
Six Hanjin Shipping vessels are confirmed as arrested following the line’s court receivership at the end of last month. Seven…
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Is Hanjin shipping’s Lehman moment?
Is the fall of Hanjin shipping’s Lehman Brothers moment? That’s the point of view of Gerry Wang, the head of…
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Oldendorff in for four Chinese bulkers
Shipping power house Oldendorff, one of few German owners active in the secondhand market this year, is said to be…
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Korea Line fixes Star Bulk capesize
Korea Line Corp has fixed Star Bulk’s capesize (177,932 dwt, built 2007) on a 10- to 12-month period charter, according…
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Fire sale surrounding Hanjin Shipping continues
The fire sale related to the Hanjin Shipping fleet is picking up momentum. Two small bulk carriers, which had been…
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Salam Pacific snaps up its first supramax
Almost weekly lesser known owners in Southeast Asia are filling up as buyers in broking reports. This time it’s Salam…
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Debt restructuring completed for Perseveranza di Navigazione
Italy’s Perseverenza di Navigazione has reached an agreement with its lenders to restructure financial exposure worth $160m. No comment came…
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