Dry Cargo
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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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Winning adds two more capes
Singapore-based Winning is about to snap up another two capesize vessels, sources tell Splash. This time the Chinese firm is…
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More panamax period fixtures as dry market keeps up the momentum
Three more panamax bulk carriers were today reported fixed on period charters as the dry market rally continues, with the…
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Globus Maritime moves listing to Nasdaq Capital Market
Greek dry bulk shipping firm Globus Maritime has announced that it has received a positive determination from the Nasdaq Stock…
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Quadra fixes ultramax and Diana kamsarmax on period charter
Geneva-based Quadra Commodities has fixed two bulk carriers on period charters during the past two days, including a kamsarmax owned…
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ICBC Financial Leasing signs COA with Vale
China’s ICBC Financial Leasing has signed a contract of affreightment (COA) with Brazilian mining group Vale to transport iron from…
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‘The next 12 months are about survival’: Pioneer’s Khanna on Splash TV
A recent cover star of Maritime CEO magazine, Pankaj Khanna, CEO of Singapore-based Pioneer Marine, is the latest shipowner to…
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Nova Marine Carriers buying handysizes
Despite recent denials from the Italian owner Vincenzo Romeo when probably the deal was not closed or still under negotiations,…
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KC Maritime bulker sales gather pace
Hong Kong’s KC Maritime rapid offloading of tonnage continues. A week ago it sold two panamaaxes, now it is close…
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Capesize market sees a boost but still below pre-January levels
More leaps and bounds were made in the capesize bulk carrier market today, but spot rates have still to crawl…
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KC Maritime in flurry of S&P activity
A week since Hong Kong’s KC Maritime shaved off two panamaxes from the bottom of its fleet list, the conservative…
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Baltic Dry Index hits 500 points as upturn continues, more period fixtures too
The Baltic Dry Index (BDI) has climbed by 13 points from Tuesday and was assessed at 500 points today, its…
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Cape bargains lead sales in the first quarter
In the first of a regular broker/valuation round up, Craig Jallal from VesselsValue.com looks at key trends from the first…
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DryShips sheds stake in Ocean Rig and sells three capes to Economou
DryShips will sell its entire stake in Ocean Rig, which shares a common chairman and CEO in George Economou, and…
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Zhongchang Marine resumes regular trading
Zhongchang Marine has announced that Shanghai Stock Exchange has agreed to cancel the trading limit on the company’s shares as…
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Italians deny acquisitions
The Monaco-based Sea World Management is frequently linked these days as potential buyers of mid-age secondhand tonnage in the liquid…
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Whose piggy bank is feeding the shipbuilding frenzy?
The stream of shipping industry news over the last 18 months could provide enough juicy material for a few episodes…
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