Dry Cargo
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Rand Logistics gains breathing room with agreement from creditors
Bulk shipping company Rand Logistics, which runs services in the Great Lakes, has reached agreement with lenders to amend its…
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Korea Shipowners’ Association weighs in on Hanjin Shipping losses
This is the week where Hanjin Shipping will find out if it has done enough to avoid court receivership with…
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BW Dry Cargo snaps up another Japanese kamsarmax
BW Dry Cargo is being linked with another kamsarmax buy. The dry bulk unit was created by BW Group this…
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Diana Shipping in negotiations with lenders
Diana Shipping is in trouble and has engaged financial advisors and has entered into negotiations with certain of its lenders…
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Klaveness seals JV with EGD for combination carrier pair
Shipping investment firm EGD Shipholding has agreed to partner with Klaveness to take 50% ownership of two 80,500 dwt combination…
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Hanjin Shipping makes key creditor deadline
A spokesperson for Hanjin Shipping has confirmed to Splash that the line is submitting to lead creditor the Korea Development…
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UASC posts biggest operating loss of any major container line
United Arab Shipping Company (UASC) has posted its financial figures publically for the first time, revealing a -9% operating loss…
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Vogemann launches OPEX guarantee scheme
Germany’s H. Vogemann shipping group has launched an operating expenditure (OPEX) guarantee scheme for owners of dry bulk and multipurpose…
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Golden Ocean delays six Chinese cape deliveries
John Fredriksen’s Golden Ocean, in releasing its interims today, has revealed it postponed delivery of six capesizes by seven to…
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Japanese owners dominate dry bulk sales
Data provided exclusively by online pricing platform VesselsValue.com shows just how dramatically Japanese owners have been shedding dry bulk tonnage…
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D’Amato di Navigazione moves a step closer to exiting shipowning
Naples-based D’Amato di Navigazione looks like it is ready to get rid of its last two ships in its fleet.…
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Vafias pockets $7m from quick dry bulk asset play
Nicholas Vafias has completed a stealthy dry bulk asset play. The Vafias family controlled company had made a couple of…
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Iino Kaiun offloads panamax bulker for $9.4m
The Japanese have been the most active owners this year in terms of selling off dry bulk tonnage amid the…
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Vietnamese owner scores $2.2m profit from quick bulker turnaround
The Vietnamese are getting more adept at shipping asset plays. Tan Binh Shipping, which took the 10-year-old, 33,000 dwt Angel…
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China Shipping Haisheng quits shipping business
China Shipping Haisheng has announced plans to sell full equity of its subsidiary Hainan Haisheng Shipping to Cosco Shipping Bulk…
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Chang Myung sells two capes
Bankrupt Korean carrier Change Myung has sold two capesize bulk carriers for $18.7m each, a much firmer price than seen in previous…
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Hanjin misses key deadline, moves closer to receivership
Hanjin Group has missed an August 20 deadline to outline to creditors how it will help fund Hanjin Shipping’s liquidity…
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Shipping Corp of India taps Essar’s Sharma for top posting
New Delhi has tapped Essar Shipping’s managing director Anoop Kumar Sharma to head the state-run Shipping Corporation of India (SCI),…
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Italian crew in limbo in Canada
Fourteen seafarers are stuck onboard a bulk carrier in Canada while they await the settlement of a dispute between the…
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Noble Chartering: Singapore switch complete
Michael Nagler is now firmly entrenched in Singapore in a big switch for Noble Chartering. Nagler moved his department from…
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