Dry Cargo
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SR Shipping in for $11.7m Tsuneishi supramax
One of the year’s most aggressive bulker buyers has concluded a deal with one of the most consistent sellers. Bangladesh’s…
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Chinese bulk carrier being investigated after double grounding
The bulk carrier has suffered a double grounding in the Columbia River in Washington state. The 751-foot vessel originally ran…
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Efforts fail to get supplies to abandoned crew onboard laden capesize
Efforts are ongoing to try to transfer supplies to crew onboard a laden capesize at anchor at Australia’s Port of…
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Precious scraps another two handy bulk carriers
Precious Shipping has scrapped two handysize bulk carriers – bringing the total number of vessels scrapped this year by the Thai…
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The Broker Badger: penny-pinching in the S&P market
It’s August so, generally speaking, shipping markets are pretty dead right now. “Everybody’s on bloody holiday,” one beleagured broker (who…
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Pioneer Marine hunting distressed assets
Singaporean handysize bulk owner Pioneer Marine is gearing up to buy up distressed assets. Despite remaining in the red for…
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Eagle Bulk Shipping completes $88m fund raiser
Eagle Bulk Shipping has announced that it has closed the private placement of its common stock with an aggregate gross…
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Seoul rules out rescuing Hanjin Shipping
South Korea’s lead financial regulator said today that Hanjin Shipping will receive no financial aid from the state. Reeling from…
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The gloom of waiting for the turnaround
As OOCL’s CC Tung pointed out earlier this week major global economic issues will hold back box shipping for the…
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NewLead bulker sold at auction
NewLead Holdings’ disputed bulk carrier has been sold at action in the US for $7.4m to Singapore’s MT Maritime Management.…
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Glencore Grain takes Diana panamax on period contract
Diana Shipping has fixed its panamax Ismene (77,901 dwt, built 2013) to Glencore Grain for 10 to 13 months, commencing…
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Wilmar snaps up supramax for $7m
German owner Schepers H Bereederungs has sold a six-year-old supramax bulker for $7m. Singapore’s Wilmar International is behind the acquisition…
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Where’s the growth in trade?
With the dry bulk freight market limited to bouncing along the bottom for now, most of the resources – when…
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BW Dry Cargo takes ultramax resale
The very rapid build up of the BW Dry Cargo fleet continues with brokers linking it to a J Lauritzen…
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Kambara Kisen continues to sell bulkers
Kambara Kisen, the Japanese owners who also control Tsuneishi Shipbuilding, are in a selling mood. The line has put many…
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Seanergy to make $4.5m from share sale
Greece’s Seanergy Maritime Holdings Corp on Friday revealed it has entered into a securities purchase agreement with one institutional investor,…
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Authorities investigate HMM’s share price slide
The Financial Supervisory Service and the Korea Exchange are investigating the extraordinary plunges this week in the share price of…
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Oldendorff fixes Zodiac super-cape on timecharter
Oldendorff has fixed Zodiac Maritime’s super-capesize bulk carrier (206,312 dwt, built 2005) on a five- to seven-month period charter for…
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Singapore Exchange makes $103m offer for Baltic Exchange
The Singapore Exchange (SGX) is going ahead with the solicitation of support from shareholders in the Baltic Exchange, for which it…
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Euroseas switches Yangzijiang order to an option, cancels Dayang newbuilding
Greek owner Euroseas has signed an addendum to its shipbuilding contract with China’s Yangzijiang Shipbuilding for the construction of a…
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