Dry Cargo
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NSC Schifffahrtsgesellschaft sells four post-panamax bulk carriers
Germany’s NSC Schifffahrtsgesellschaft has sold four post-panamax bulk carriers to unnamed European buyers for a combined price of $41.1m, according…
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Taps turned off as Hanjin Shipping edges closer to oblivion
The chaos wrought by Hanjin Shipping’s court receivership – container shipping’s largest ever bankruptcy – stepped up a notch today…
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Cargill fixes Callimanopoulos kamsarmax duo on timecharter
Cargill has fixed two kamsarmax bulk carriers owned by Gregory Callimanopoulos-led companies on one-year timecharters, according to Baltic Exchange data.…
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Jinhui Shipping offloads two more vessels
Jinhui Shipping has announced that two wholly owned subsidiaries of the company have entered into agreements for the disposal of…
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Euroseas cancels ultramax newbuilding at Dayang yard
Greek owner Euroseas has announced that it has cancelled an ultramax drybulk vessel, hull number DY 161, at Sinopacific Shipbuilding’s…
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Paragon exchanging notes for common stock
Paragon Shipping has commenced an offer to exchange all 8.375% senior notes due 2021 for shares of common stock. One…
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Globeco looks to offload handysize on order at Avic Weihai
Italian shipping company Globeco is in the process of selling a handysize bulk carrier currently under construction at Avic Weihai,…
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BSC orders 16 bulk carriers at Chinese shipyard
Bangladesh Shipping Corporation (BSC) signed a memorandum of understanding to order 16 bulk carriers with China Harbour Engineering Company (CHEC),…
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Hind Maritime takes Japanese handy
The taker of Yamamoto Kisen’s oldest ship that fetched $4.2m at the end of last week has been revealed in…
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Hanjin Shipping given ray of hope with capital promise
The Hanjin bankruptcy debacle continues to have plenty of twists and turns around the world. The South Korean prime minister,…
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Celsius takes KC Maritime rejects
Guangzhou Huangpu Shipbuilding looks like it has found a buyer for a pair of ultramaxes that Hong Kong’s KC Maritime…
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Former Pacific Basin handy trio finally separated
The final ship of a trio of 1997 Japanese-built handysizes formerly controlled by Hong Kong’s Pacific Basin has now been…
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Jinhui Shipping sells bulker to Gelico Shipping
Oslo-listed Jinhui Shipping has entered into an agreement with Greek company Gelico Shipping to sell handymax bulker for $3.5m. The…
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United Heavy Lift adds deck carrier to its managed fleet
Hamburg-based United Heavy Lift is to manage a newly delivered heavy-lift module carrier for Indian logistics conglomerate JM Baxi Group.…
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Daiichi Chuo exiting court rehabilitation
Daiichi Chuo, which filed for bankruptcy in Tokyo 11 months ago, is coming out of court rehabilitation, court documents seen…
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Algoma collects final refund from Nantong Mingde
Canada’s Algoma Central Corp has been awarded a $29.1m refund for the fourth and final shipbuilding contract it has been disputing with Nantong Mingde…
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Irano Hind Shipping to return
Shipping Corporation of India (SCI) will resuscitate Irano Hind Shipping, its joint venture with Islamic Republic of Iran Shipping Lines…
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Hanjin Shipping given November deadline for new rehab plan
Developments are coming in thick and fast in the chaotic days following container shipping’s largest ever bankruptcy. Hanjin Shipping, which…
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Dry bulk roll of the dice
Is now a good time to snap up cheap secondhand dry bulk tonnage? Jason Jiang investigates. 2016 could be another…
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Navios Maritime Holdings back in compliance with NYSE continued listing requirement
Navios Maritime Holdings is back in compliance with the New York Stock Exchange continued listing requirement of a minimum average…
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