Dry Cargo
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Norden scores one of its largest ever shipping contracts
Denmark’s Norden has bagged one of its largest shipping contracts in its 145-year history. It has concluded a deal with…
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Great Lakes operator in default on two loans
Great Lakes bulk freight shipping company Rand Logistics revealed on Tuesday it is in default on two loans. The disclosure…
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Food delivered to abandoned capesize crew just in time
Food has been delivered in the nick of time to an abandoned crew onboard the capesize (181,400 dwt, built 2009), who…
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Has Hanjin made a breakthrough days ahead of court receivership deadline?
There’s just 19 days to go until Hanjin Shipping must meet stipulations set out by creditors or risk entering court…
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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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