Dry Cargo
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Bank waives Paragon Shipping’s debt
Paragon Shipping has entered into an agreement with Unicredit Bank, the last of its credit lenders, which will discharge the…
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Chinese dry bulk giant launched
China Cosco Shipping Group (Coscocs), formed by the merger of Cosco Group and China Shipping Group, has established Coscocs Bulk…
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Oldendorff snaps up Norden post-panamax for $11.5m
German powerhouse Oldendorff has been linked as the buyer of the six-year-old 114,167 dwt by brokers. The ship fetched $11.5m.…
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Toshin Kisen sale fails
The sale of the Japanese controlled 2006-built handy , which had been mooted as completed over the weekend for $5.5m,…
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Scorpio Bulkers prices new equity offering
Scorpio Bulkers has said it will sell its latest offering of 20m shares in its common stock at a price…
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Norden sells four handysize bulk carriers
Norden has sold four of its handysize bulk carriers to enable it to focus on ownership of supramax and panamax…
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Tianjin Dongjiang Shippping linked to vintage Sea Justice panamax
Vintage specialist Tianjin Dongjiang Shippping is linked with another elderly workworse, sources tell Splash. The Chinese outfit is linked to…
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Former Hanjin Shipping boss avoids arrest
A court in Seoul threw out a prosecution request yesterday for an arrest warrant for a former Hanjin Shipping boss…
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Crew of grounded bulker claim they were trying to avoid fishing vessels
The all Filipino crew of the grounded have told investigators they were taking evasive action to avoid smashing into fishing…
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Topical survey launches
Technology, the environment, refund guarantees and transparency make up some of the issues carried in our latest topical survey of…
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Scorpio Bulkers raising cash with new share offering
NYSE-listed Scorpio Bulkers on Tuesday announced it will make a public offering of 20 million shares of its common stock.…
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Baltic beckons back break-away brokers
The Baltic Exchange says it will engage with the newly formed panellist group Competitive Ship Brokers Limited (CSBL), comprised of…
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Ceres sells a brand-new capesize
Ceres Shipping has sold another of its brand-new bulk carriers, this time a capesize delivered from Japan’s Imabari shipyard in…
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Carisbrooke Shipping teams up with Nova Marine Carriers
Two well know names of the dry bulk shipping industry have decided to join forces and set up a new…
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Greenpeace demands grounded bulker be detained in Cebu
In the early hours of Monday morning a Panamanian-flagged bulker ploughed into pristine coral reefs off northern Cebu in the…
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Bulker loses power and hits three vessels at Humen Port
Bulk carrier collided with three vessels when it lost power yesterday while entering Humen Port in Guangdong. The incident caused…
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Roger Blough heads to Wisconsin shipyard for repairs
The Canadian-owned Great Lakes freighter Roger Blough, which grounded in US waters of Lake Superior on May 27, has been…
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Wilson sells another old ship to Albanian interests
Norwegian dry bulk owner Wilson has sold the 30-year-old bulker to an unspecified Albanian company for its book value, $520,000.…
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Vulture firms circle DryShips, Wilbur Ross ‘likely’ to invest more in shipping
An unnamed US institutional investor is poised to acquire a “pretty big” position in DryShips as its debt management becomes…
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Vinalines seeks to offload older tonnage
Embattled state-run Vinalines has asked the ministry of transport for permission to sell another six ships to help right its…
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