Dry Cargo
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Navios Maritime Partners fixes panamax on period charter as markets gain
Brokers report that Navios Maritime Partners has fixed its panamax bulk carrier Navios Hyperion (75,707 dwt, built 2004) to EdF on a…
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Pacific Basin building war chest to buy ships ‘at historically depressed prices’
Hong Kong’s largest shipowner by fleet numbers is looking to raise cash to pay back $123.8m of convertible bonds as…
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Firming dry bulk market sees Dong-A reverse cape sale plans
A seemingly firming dry bulk sentiment seen in recent days, with the Baltic Dry Index surpassing 600 points, has seen…
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Primebulk pays $3.8m for panamax
Nord Reederei has sold the 15-year-old panamax bulker to Greece’s Primebulk for $3.8m, according to Clarkson Platou. The South Korean-built…
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Confusion surrounds SwissMarine link to modern Japanese panamax
Sale records Splash has access to report that the large scale operator, Geneva-headquartered SwissMarine, has just snapped up the 2012-built…
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Capesize market leaps again, Far East Horizon fixes panamaxes on period
After taking a break on Wednesday, when it remained at a standstill, the Baltic Capesize Index (BCI) has leapt up…
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K Line plans further huge bulker cuts
As widely reported on Splash, Japan’s Kawasaki Kisen Kaisha (K Line) has taken the strategic decision to pare back its…
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Navios scraps controversial loan agreement
Navios Maritime Holdings and Navios Maritime Acquisition Corporation have terminated a controversial loan agreement signed by the two companies in…
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Things I think about while running: Spring has sprung
Ahead of the London Marathon which I am running for Sailors’ Society I’m penning a few articles that somehow link…
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Zhejiang Shipping to start debt restructuring
Zhejiang Shipping Group, a major state run shipping firm controlled by Zhejiang Communications Investment Group, is very likely to start…
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Glencore and Oldendorff charter more panamax bulk carriers
Two more period charters of panamax bulk carriers have been reported as strengthening markets for almost all bulker types helped…
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StealthGas: Vafias focuses on dry bulk bargains as LPG stagnates
Athens: Harry Vafias has always been one of Greece’s more approachable shipowners, not afraid to call things as he sees…
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Eagle Bulk’s share price plunges 25% on ‘pump and dump’ claims
Supramax player Eagle Bulk Shipping, which trades in New York under the stock name EGLE, saw its share price nosedive…
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Overtonnaging is shipping’s ‘default condition’ long term, survey finds
Recession due to overtonnaging is the default condition of the global shipping industry for the long term, nearly 88% of…
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Zhejiang Shipping in debt crisis
Zhejiang Shipping Group has announced that two shipping subsidiaries of the group, Wenzhou Shipping and Taizhou Shipping, have overdue financial…
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K Line sells third bulker in the space of a month
Kawasaki Kisen Kaisha (K Line) is attempting to shave off its third reported bulker of the year, all within a…
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Adam Polemis makes first buy this year
Adam Polemis-controlled New Shipping’s first reported purchase of the year has emerged. New Shipping, which controls some 30 vessels, has…
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Chang Myung seeks court protection
Few countries have recorded so many shipping bankruptcies in the last couple of years as South Korea. Chang Myung Shipping,…
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Hellenic Carriers’ exit from AIM market approved by shareholders
Shareholders have approved Hellenic Carriers’ plan to delist its stock from the AIM market of the London Stock Exchange, which…
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Tunisia’s Cotunav kicks off $250m fleet renovation
Compagnie Tunisienne de Navigation (better known under the commercial brand CTN or Cotunav) will launch in the near future an…
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