Dry Cargo
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Bangladesh firm targets third supramax in four weeks
Privately held Bangladeshi concern SR Shipping has targeted yet another Japanese-built supramax. Again the handymax specialist has picked up a…
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Western Australia-China spot rates help capesize market reach all-time low again
Abandon all hope: spot rates for capesize bulk carriers have come crashing down again to record-low levels – even worse…
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Scorpio Bulkers denies $720m Angelicoussis bid for its entire fleet
Officials at Scorpio Bulkers have strenuously denied that the company is looking to sell out all its remaining ships to…
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Creditors take legal action to halt sale of Western Bulk Chartering
The future of the Norwegian company formerly known as Western Bulk is in further danger. Now rebranded as Bulk Invest,…
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MOL restructures dry bulk business
Mitsui OSK Lines has taken action to try and hemorrhage losses stemming from its huge exposure to the depressed dry…
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Law firm apologises for labelling Siva Shipping insolvent
Law firm Rajah & Tann has apologised for suggesting Singapore’s Siva Shipping was insolvent. As originally reported by Splash three…
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Japanese shipowners blast ‘unfair’ Western Bulk Chartering sell-off
Six unnamed Japanese shipowners say Kistefos’ acquisition of Western Bulk Chartering (WBC) should be reversed because the company was undervalued…
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Cash injection to help J. Lauritzen tide over tricky 2016
J. Lauritzen is getting additional cash of around $125m to tide it over this year from its sole shareholder, Lauritzen…
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Shandong Huahai’s last newbuilding off to Oldendorff
Several broker reports link German bulk specialist Oldendorff to last week’s auction of an unfinished handysize sold ‘as is’ for…
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Cargill pushes ahead with new Ukraine grain terminal
Cargill is pushing ahead with a new joint venture grain terminal in Ukraine with local firm MV Cargo. The terminal…
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The case for cold lay-ups hots up
Sanjay Shesh, managing director at Crowley Accord Maritime, outlines the savings that can be made from taking off hire ships…
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Peruvian line goes bust leaving stranded crew and an illegal shipment of timber
Yacu Taski is the latest dry bulk casualty. The firm, part of Peruvian Amazon Line, takes timber from the Amazon…
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Frangou: Dry bulk ‘as difficult a market as ever existed in shipping’
In revealing annual results that saw net losses more than double, Angeliki Frangou, chairman and ceo of Navios Maritime Holdings,…
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Salmon now the biggest fish in the sea for Fredriksen
John Fredriksen’s most valuable equity holding is related to the sea, but is not in merchant shipping and offshore, according…
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$3m arbitration reward for Glory Wealth
A British High Court judge on Tuesday ruled in favour of Singapore’s Glory Wealth shipping line in an international arbitration…
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Golden Ocean shareholders approve increase in share capital
Golden Ocean shareholders have voted to increase the company’s authorised share capital to $6m, divided into 600,000,000 common shares with…
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Eagle Bulk gets another week to solve liquidity crisis
Supramax specialist Eagle Bulk has been granted an extra week of its forbearance period. The NASDAQ-listed firm now has until…
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SIVA Shipping denies insolvency reports
Senior management at SIVA Shipping have denied reports carried by Bloomberg and carried in local Singapore media today that is…
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Host of supramaxes put up for sale
Brokers report that a string of fresh supramax candidates are being circulated for sale, but few buyers are willing to…
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Thenamaris capesize gets period charter while supramaxes shape up
Firming rates for supramax bulk carriers have helped the Baltic Dry Index (BDI) overcome declines in other market segments and…
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