Dry Cargo
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Shipbrokers follow traders to new instant messaging platform
Just over two weeks remain until major oil traders will cease using Yahoo Instant Messenger for good. Shipbrokers are following them to…
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Algoma wins fourth arbitration claim against Mingde
Canada’s Algoma Central Corp has been awarded its claim for the fourth and final shipbuilding contract it has been disputing with Nantong Mingde Heavy Industries…
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Hanjin Shipping expected to be given extra month to get restructuring set
Hanjin Shipping is expected to be given an extra month to get its debt rescheduling program in place. Korea Development…
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Claxton quits Thoresen Thai
Another well-known name in Asian dry bulk circles is parting ways with his employers. Ian Claxton, who has been with…
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Guangzhou Huangpu starts marketing pair of ultramaxes
Broking sources tell Splash Guangzhou Huangpu Shipbuilding has started marketing a pair of ultramaxes that Hong Kong’s KC Maritime has…
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Safe Bulkers tweaks loan from Danish Ship Finance
Safe Bulkers amended the terms of its loan with Danmarks Skibskredit (Danish Ship Finance), under which $40m is still outstanding.…
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Shoei Kisen offloads supramax for $7.7m
Japan’s Shoei Kisen Kaisha has sold a 10-year-old Imabari-built supramax to Bangladeshi interests for $7.7m. Meghna Group, a diverse conglomerate…
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Celsius snaps up ultramax resale
Clarksons Research reports China’s Zhejiang Yangfan shipyard has sold a SDARI 64 design ultramax resale (Hull BC64k-DM02), for prompt delivery,…
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NewLead vessel to be sold at auction
A US court has ordered an arrested handymax bulk carrier owned by Greece’s NewLead Holdings to be sold in an…
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London P&I will be billed for Benita grounding
The government of Mauritius will be sending the London P&I Club a significant bill for all the work that has…
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Wilson sells another vintage vessel
Wilson has sold the bulk carrier to an unspecified company in the Marshall Islands for $450,000, a figure that suggests…
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Qinfa Group disposes of its Chinese coal and shipping assets
Hong Kong-listed Chinese commodity trader Qinfa Group has announced that it has reached an agreement with Bo Hai Investment, under…
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CSL bulk carrier refloated
Less than two days after running aground in Canadian waters of the St Lawrence Seaway the Canada Steamship Lines (CSL)…
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Good news in short supply
Craig Jallal from VesselsValue.com looks at sales and values changes in the second quarter. Starting with the good news first,…
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Hanjin Shipping reportedly looking to push back restructuring deadline
Maeil Business, a South Korean newspaper, is reporting troubled Hanjin Shipping is looking to extend its deadlines to meet all…
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Great Eastern Shipping acquires product tanker
Indian owner Great Eastern Shipping has announced that it has signed a contract to buy a 48.539dwt medium range product…
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Canada Steamship Lines bulker runs aground in St. Lawrence Seaway
Bulk carrier , operated by Canada Steamship Lines, ran aground and blocked most of the St. Lawrence Seaway channel in…
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Pair of panamaxes fixed on period as spot market thrives
Two new period charters for panamax bulk carriers have been reported today, while spot market activity for all tonnages except…
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Bodouroglou tries to reassure Paragon shareholders
Paragon Shipping’s founder, chairman and CEO Michael Bodouroglou has published an open letter to shareholders, saying the company is doing…
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Eagle Bulk raises $3m in another private placement
NASDAQ-listed Eagle Bulk has signed a stock purchase agreement with unnamed investors to raise another $3m in gross proceeds through…
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