Dry Cargo
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J. Lauritzen appoints Torm CFO as new CEO
J. Lauritzen has found a new ceo. Mads Zacho, current cfo at Torm, will take over from Jan Kastrup-Nielsen at…
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Berge Bulk: James Marshall stars on the cover of Maritime CEO magazine
Singapore: Today sees the launch of the latest issue of Maritime CEO magazine, a distinctly Greek flavoured edition timed to…
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Pioneer Marine cancels last two newbuilds at Yangzhou Guoyu
Singapore handysize specialist Pioneer Marine has terminated contracts with China’s Yangzhou Guoyu Shipyard for the last two newbuild 38,400 dwt…
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Essar wins $48m case against Steel Authority of India
The Steel Authority of India (SAIL) will have to pay Essar Shipping $48m, an arbitration tribunal has ruled. The tribunal…
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Seven kinds of counterparty: part two
Before we start, do click here for yesterday’s first installment to bring you up to speed. We should start this…
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Buttery’s Taylor Maritime in for another Japanese handy
Edward Buttery has dived back into the secondhand market, snapping up another Japanese handy bulker. Taylor Maritime, the Hong Kong-based…
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Seven kinds of counterparty: part one
I caught sight of Tim Huxley on Splash TV, expressing his dissatisfaction with the counterparty risk in dry cargo, and…
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Maybulk continues bulker sell off
Malaysian Bulk Carriers (Maybulk) has put two bulk carriers for sale, Malaysian local media The Edge has reported. According to…
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Phaethon takes Diana panamax on timecharter
Phaethon International has fixed a panamax bulk carrier owned by Diana Shipping on timecharter for up to eight months at…
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Cesare d’Amico on new offices and rates rebounding
D’Amico Societa’ di Navigazione Group is widening its presence on the international shipping market, mainly in South America and in…
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Daiichi Chuo’s rehabilitation plan approved
Daiichi Chuo Kisen Kaisha’s rehabilitation plan won approval from 95% of its voting creditors at a meeting in Tokyo District…
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Hellenic Carriers scraps bulker to save on repair costs
Hellenic Carriers has sold its panamax bulk carrier(74,000 dwt, built 1997) to scrap buyers for $2.88m, which the company said…
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Chellaram Shipping takes bulker for $19.5m
Hong Kong bulker specialist Chellaram Shipping has finalised the purchase of the 60,000 dwt for $19.5m. This is the reported…
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China Steel Express continues capesize clear out
Taiwan’s China Steel Express Corporation has offloaded a vintage capesize, the 1997-built 154,000-dwt , sending it to scrap at $290…
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Zodiac capesize fixed on timecharter as markets look up again
A brand-new capesize bulk carrier owned by Zodiac Maritime has been reported fixed on a short-term period charter today, while…
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Splash TV: Dry cargo a ‘nightmare’, says Tim Huxley
Dry cargo continues to be a “nightmare” warns Tim Huxley, ceo of Hong Kong-based Wah Kwong Maritime Transport Holdings, in…
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Navalmar UK: Selling up
Marina di Carrara: Enrico Bogazzi, a well known name in bulk shipping despite being a very low profile man, can…
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Six-year-old cape fetches $38m for Hanjin
Hanjin Shipping has sold a six-year-old capesize, , for $38m to H-Line Shipping as part of efforts to raise cash…
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Tanker stocks hit by dry bulk woes
Stock market investors do not get tankers as an investment story, a survey carried on this site has found. 73%…
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Scorpio Bulkers adjusts its loan covenants as asset values fall
Scorpio Bulkers and its lenders have agreed to amend the some of the covenants included in all its credit facilities, in what…
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