Dry Cargo
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Two capesizes fixed on period charters, plus a Diana panamax
Today saw more fixtures reported within the period market for bulk carriers with larger tonnages, including two capesizes. Louis Dreyfus…
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BW Dry Cargo adds second kamsarmax
BW Dry Cargo has snapped up its second vessel in a week, pouncing on Japanese-built kamsarmax from Shunzan Kaiun. The…
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Star Bulk gets extra breathing space from banks
Embattled Star Bulk has won a two-month extra standstill agreement from its banks. The line, which has offloaded nine ships…
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Dry bulk equity at the vanishing point
Will Fray, a senior analyst at Maritime Strategies International, notes how asset values are now at all-time lows for many…
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Atlantska Plovidba cancels two ultramaxes
Atlantska Plovidba has cancelled the two bulk carrier newbuildings it has on order at Qingshan Shipyard in China. The two…
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Oakland to ban coal shipments from proposed new terminal
Oakland City Council has voted down a plan to use a proposed new terminal for shipping coal from Utah to…
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HMM granted extra time to get its finances in order
Struggling Hyundai Merchant Marine (HMM) has been handed another month’s breathing space by creditors to get its financial footing safely…
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South Korea rushes through stimulus package to help struggling shipbuilders
President Park Geun-hye today urged local politicians to ratify a stimulus package worth KRW20trn ($17bn), including KRW10trn in extra budget,…
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SwissMarine charters Diana panamax
Geneva-based SwissMarine Services has booked Diana Shipping’s panamax Crystalia (77,525 dwt, built 2014) on an 11- to 14-month timecharter. The…
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Jinhui Shipping confirms supramax sale
Jinhui Shipping and Transportation has confirmed it has entered into a memorandum of agreement to sell another supramax bulk carrier, Jin…
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China Cosco Shipping sends bulker pair into Klaveness pool
The world’s largest shipping company has thrown a couple of ships into the Baumarine pool. China Cosco Shipping has decided…
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China’s Baosteel and WISCO plan merger
Baosteel and Wuhan Iron and Steel Corporation (WISCO), two major steel producers in China, have both suspended stock trading today…
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Pacific Carriers offloads handymax
Robert Kuok-controlled Pacific Carriers has sold an eight-year-old handymax for $8.7m. The Japanese built Ikan Sudip has been snapped up…
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Great Eastern buys cape
Brokers report that Japan’s Libera Corp has sold its capesize Cape Althea (179,300 dwt, built 2011) to Great Eastern Shipping…
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Alpha Bulkers capesize fixed on timecharter at decent rate
Today saw a rare capesize period fixture on a day in which the Baltic Dry Index advance by 13 points…
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BW Dry Cargo fixes first bulker to Glencore
BW Dry Cargo, the new Sohmen-Pao venture, is up and running, brokers report, nailing its first fixture with what onlookers…
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Under fire KDB promises to cut shipping and shipbuilding exposure
South Korea’s policy lender Korea Development Bank (KDB) has today announced a series of reforms on the back of stinging…
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Thoresen Shipping disposes of elderly vessel for scrap
Thai owner Thoresen Shipping has announced that it has sold 1998-built dry bulk vessel to Murali Maritime for scrap a…
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Sincere Industrial in for six Namura handies
Taiwanse owner Sincere Industrial has ordered six 34,000 dwt bulk carriers, at Namura Shipbuilding in Japan, continuing building up its…
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Salvors work to offload bunker fuel from grounded mutiny ship
By the end of Tuesday 30 out of the 145 tonnes of bunker fuel onboard the grounded had been taken…
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