Dry Cargo
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HMM and Hanjin share prices soar on optimistic charter talks
The share prices of South Korea’s leading two shipping lines rocketed today on speculation that significant advances had been made…
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Brand new ship detained as crew are found to have no ECDIS training
A brand new geared bulker on charter to a joint venture controlled by MUR Shipping and Jebsen has suffered an…
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Ebe in for Daiichi Chuo cape
Embattled Daiichi Chuo continues to offload tonnage. The Japanese line, which declared bankruptcy last September, has just sold the capesize…
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Vessel arrest ratchets up pressure on Hanjin Shipping
In a sign of just how tough a financial position hard-up Hanjin Shipping really is in, one of its ships…
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Singapore claims acquisition of the Baltic will boost London’s maritime position
The Singaporean takeover of the Baltic Exchange is designed to bolster London’s position as an international maritime hub, a spokesperson…
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Navios takes Vale to court over Uruguay terminal
A month after Navios Maritime Holdings revealed Vale has ditched plans to use an iron ore terminal under construction in…
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Paragon Shipping refuses newbuild, to delist from NASDAQ
Paragon Shipping has announced that it has received a notification from The NASDAQ Stock Market, indicating that because the company’s…
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NewLead CEO admits deleting emails but no judgment yet
Michael Zolotas, CEO of NewLead Holdings, has admitted deleting the “missing” emails pertaining to the ongoing dispute between his company…
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Liquid challenges to arise later this year
Jeffrey Landsberg from Commodore Research highlights China’s hydropower capabilities as something for dry bulk owners to watch. Dry bulk freight…
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Bolloré in the race for Ilva Servizi Marittimi’s fleet
A few weeks after it emerged among the investors interested in the Molo Settoriale terminal of the port of Taranto…
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Baltic Exchange sale ‘a turning point in the history of the freight market’: Banaszkiewicz
The likely sale of the 272-year-old Baltic Exchange to the Singapore Exchange, as exclusively revealed by Splash today, has not…
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Seven types of counterparty: part three
Having dealt with the few Good charterers and glanced at the slightly more common Bad charterers, we come to the…
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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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