Dry Cargo
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Crane bursts into flames while unloading coal from bulker at Brazilian port
A ship-to-shore crane burst into flames while being used to unload a cargo of coal at the Port of Itaqui…
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ESL Shipping in for ice-class LNG-fuelled bulkers
ESL Shipping has tapped Sinotrans & CSC Shipbuilding Industry Corporation’s Jinling Shipyard to build two LNG-fuelled bulk carriers. “The two…
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Wisdom Marine issues new shares for fleet expansion
Taiwanese owner Wisdom Marine has announced that the board has approved a resolution to issue new shares with total value…
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Ningbo Marine aborts restructuring
Ningbo Marine has announced that a company restructuring plan has been rejected by China Securities Regulatory Commission (CSRC) and it…
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SGX completes takeover of the Baltic Exchange, new CEO named
Shareholders have voted to approve the terms of the Singapore Exchange’s (SGX) acquisition of the Baltic Exchange, which from 2017…
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HMM share price jumps on Hanjin fleet fire sale speculation
Shares in Hyundai Merchant Marine (HMM) leapt 6% to close in Seoul today at KRW8,700 on increased speculation that the…
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Hong Kong owners circle Tokyo auction ship
An auction today in Tokyo is expected to see plenty of Hong Kong owners face off for a supramax bulker.…
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Jinhui Shipping sells another bulker
Jinhui Shipping and Transportation has entered into an agreement with Marshall Islands-registered AIGAION Shipholding, a company controlled by Fundafor Compania…
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KDB pumps $45m into Hanjin Shipping
Korea Development Bank, the main lender to Hanjin Shipping, has agreed a conditional credit line of KRW50bn ($45m) in a…
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Baosteel to merge with WISCO
China’s Baosteel has announced it has gained approval from the central government to acquire Wuhan Iron and Steel Corporation (WISCO).…
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DryShips sells bulker to Economou
Greek owner DryShips has announced that it has sold the 2002-built panamax drybulk carrier MV . The vessel, along with…
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Vessel carrying ‘fertiliser’ detained due to suspected bomb plot
Authorities in Indonesia have detained a Malaysian vessel carrying 30 tonnes of ammonium nitrate, which police suspect may have been…
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Precious eyes ultramax acquisitions and supramax sales
Thailand’s Precious Shipping reportedly plans to sell its nine supramax bulk carriers and replace them with secondhand ultramaxes, having already…
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Oldendorff takes another capesize on timecharter, spot market stronger
Oldendorff has booked a capesize owned by Greece’s Phoenix Energy Navigation on a 12-month period charter while spot rates continue…
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K Line dismisses bankruptcy speculation
Representatives at Japanese shipping major Kawasaki Kisen Kaisha (K Line) have rubbished reports from China that the line will shortly…
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Attention turns to Hanjin Group’s $7bn debts
Beleaguered Hanjin Shipping has received some welcome news in the form of much needed emergency funding to help offload stranded…
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The Hanjin legacy
Paul Slater from First International Corp warns there’s plenty more pain to come. The Hanjin bankruptcy came as no surprise…
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Taylor Maritime plans rapid doubling of handy fleet
Hong Kong handy specialist Taylor Maritime has revealed plans for the rapid expansion of its fleet. Founded in 2014, Taylor…
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Worst is over in the long tunnel of dry bulk despair
There’s some glimmer of hope in the dry bulk trades for the first time in a very long time, according…
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Handy specialist Tan Binh in for another
Brokers link Tan Binh Shipping to the purchase of the Japanese-controlled, 32,000 dwt , its second handy acquisition of the…
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