Dry Cargo
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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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Chinese steel output likely to exceed expectations
A new report from Commodore Research shows some hope for beleaguered dry bulk owners. China’s economy has experienced a significant…
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PIL adds to bulker fleet with MOL capesize acquisition
Pacific International Lines (PIL), controlled by the Teo family, has dipped into the dry bulk sector to take advantage of…
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ABTO: ‘Bulk terminals not widely represented’
The Association of Bulk Terminal Operators (ABTO) was launched yesterday with a stated aim of providing the world’s bulk terminals…
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United Ocean Group sells fourth ship this year
United Ocean Group (UOG), a tonnage supplier to Japanese owners, which sought court protection in Tokyo on December 31, continues…
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Canbaz Shipping takes handy for $7.6m
Another bulker belonging to Groningen-headquartered Hanzevast Capital has been auctioned off. Turkey’s Canbaz Shipping has paid $7.6m to take the…
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Ilshin Shipping orders revolutionary new LNG-fuelled bulker
South Korea’s Ilshin Shipping has ordered a revolutionary new bulk carrier at Hyundai Mipo Dockyard. The 50,000 dwt ship will…
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Thenamaris kamsarmax fixed on period charter
Oldendorff Carriers has fixed Thenamaris’ kamsarmax bulk carrier on a five- to eight-month period charter. The charter rate was reported…
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