Dry Cargo
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CMES capesize fixed on timecharter, more optimism in spot market
China Merchants Energy Shipping has reportedly fixed one of its capesize bulk carriers on a five- to eight-month timecharter while…
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Navios Acquisition lends $70m to Navios Maritime
Navios Maritime Acquisition has provided a $70m secured loan to its sister company Navios Maritime Holdings, which will be used…
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Hanjin Shipping to return all chartered tonnage
Leading tonnage providers are set to take a $1.2bn hit to their bottom lines with a judge in Seoul ruling…
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Navios revisits controversial loan
A controversial loan between Navios sister companies that brought a lawsuit and was eventually scrapped in April has been resuscitated…
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Rand Logistics brings bulker out of layup
Rand Logistics, a bulk shipping services provider throughout the Great Lakes region, has announced that its previously laid up bulk…
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Angelicoussis cape fixed on timecharter as spot rates climb
Angelicoussis-led Anangel Maritime has fixed one of its capesize bulk carriers on a four- to eight-month timecharter while rates in…
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Thorco and United Heavy Lift launch new joint venture
Thorco and United Heavy Lift are to combine their fleets to form Thorco Projects, a new company that aims to…
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Precious sells another bulk carrier
Precious Shipping has sold another bulk carrier to an unnamed buyer at a price of $2.35m as part of its…
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Chinese owner cops $30m fine over Great Barrier Reef grounding
The owner of the , the coal carrier that grounded on the Great Barrier Reef, six years ago, has copped…
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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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