Dry Cargo
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Nisshin offloads more
Nisshin Shipping’s rapid dry bulk sale fleet continues. This week brokers report that the Japanese firm has offloaded two more…
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Bankrupt Korean bulker owner sees rehab plan vetoed for second time
Samsun Logix is one step nearer to oblivion. On Friday the South Korean bulker player saw its latest rehabilitation plan…
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Investors give Golden Ocean the cold shoulder
Investors, scared by the severity of the dry bulk downturn, have given John Fredriksen’s Golden Ocean a cold shoulder. Golden…
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Goldenport to sell entire fleet to Dragnis-related companies
London-listed Goldenport Holdings plans to sell its entire fleet back to entities controlled by founding family Dragnis and to dissolve…
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Scorpio Services Holding buys more of Scorpio Bulkers
Scorpio Services Holding, controlled by Annalisa Lolli-Ghetti, has increased its stake in NYSE-listed Scorpio Bulkers to 10.01% by acquiring another…
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Navios loan draws investor ire
Angeliki Frangou’s move to shore up her dry bulk operations by taking $50m from a tanker sister firm has drawn…
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Why newbuilding and scrap prices are key to understanding secondhand values
Dr Adam Kent from Maritime Strategies International joins the commercial dots. Anyone analysing secondhand vessel prices purely on the basis…
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Navios supramax fixed on period charter as market readjusts
Navios Maritime Holdings has fixed its supramax bulk carrier on a 12-month period charter to Singapore’s Centurion Bulk. The ship…
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Navios Maritime Acquisition lends $50m to its sister company
Tanker owner Navios Maritime Acquisition Corporation has agreed to provide a revolving loan facility of up to $50m to Navios…
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Paragon Shipping sells off entire fleet, cancels ultramax and delays three kamsarmaxes
Nasdaq-listed Paragon Shipping has agreed with its banks to sell off its entire fleet, made up of six dry bulk…
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Rio Tinto takes two capesizes on period charters
Three capesize bulk carriers have today been reported fixed on 12-month period charters, two of them for Rio Tinto, amid…
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Freeseas may be delisted from Nasdaq, stock exchange has ‘concerns’
Freeseas intends to request a hearing before the Nasdaq listing qualifications panel, which has raised “concerns” over the Greek shipping…
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Eagle Bulk extends forebearance period with its creditors again
Nasdaq-listed supramax specialist Eagle Bulk has extended its forbearance and standstill agreement with its creditors by a further 14 days…
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Japanese firms club together to save Daiichi Chuo
Daiichi Chuo has received a vital cash injection from a local shipping consortium. The Japanese dry bulk line, which sought…
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DryShips suspends debt repayments on back of $2.84bn loss
George Economou controlled DryShips has suspended debt repayments. The company, which yesterday reported a net loss of $2.84bn for 2015,…
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Hanjin and HMM told to reduce debts if they want to access state funds
Korean authorities will turn the taps off leading lines until they bring their extraordinary debts under control. The Financial Services…
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SK Shipping hit by tax evasion claims
SK Shipping is being investigated by South Korea’s National Tax Service (NTS), although it has denied it is facing tax…
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Winning Group: In for the long haul
China’s rapacious demand for raw materials is seeing ever-longer dry bulk journeys crisscrossing the globe. No capesize trip is longer…
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Guangzhou Shipping Exchange to auction two Lanhai Shipping bulkers
Guangzhou Shipping Exchange has announced that it has been commissioned by China Construction Bank and China Exim Bank to auction…
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Diana and Safe Bulkers kamsarmaxes get period fixtures, rates stay flat
Four kamsarmax bulk carriers were reported fixed on period charters today. But while chartering activity has been steady, rates for…
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