Dry Cargo
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World’s largest shipping line unveiled in Shanghai
Shipping has a new acronym. COSCOCS is the abbreviated name for the brand new China Cosco Shipping Corporation – the…
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Golden Ocean takes financial measures to tide itself over during the bulk downturn
John Fredriksen’s Golden Ocean Group has amended all its bank loan facilities, further delayed newbuilds and pushed ahead with a…
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Star Bulk sends nine capesizes into CCL pool
Greek dry bulk owner Star Bulk Carriers has announced that it will be sending nine capesize vessels, currently spot trading, into…
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Western Bulk Chartering invites investment
Western Bulk Chartering (WBC) is to offer existing shareholders in Bulk Invest the chance to buy shares in Kistefos Equity…
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‘Death ship’ captain in the dock
The Sydney inquest into the mysterious three deaths onboard the Japanese controlled in 2012 saw the prime suspect in the…
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Two bidders for Ilva’s shipping arm
Ionian Shipping Consortium and Pan AtlanticShipping Company have emerged as potential buyers of Ilva Servizi Marittimi’s business, the shipping arm of the…
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MOL selling 2009-built cape
The dry bulk market is awash with Japanese-built capesizes for sale with Mitsui OSK Lines (MOL) the latest to put…
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Success for Algoma in Mingde Heavy Industry arbitration
Canada’s Algoma Central Corporation has announced that a London arbitration tribunal hearing a contract dispute involving three shipbuilding contracts between…
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Belships sells another bulker newbuilding and leases back
Norway’s Belships has sold an ultramax bulk carrier newbuilding to Japanese interests, from whom the company will lease the vessel…
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Nisshin and Daiichi Chuo continue dry bulk sell-off
The fire sale of Nisshin Shipping’s dry bulk fleet continues apace. The Japanese firm is reported by brokers as offloading…
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Shipping reset
Basil Karatzas, the ceo of Karatzas Marine Advisors, suggests shipowners need to adapt to the altered market conditions. They say…
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Petrobras cancels its charter of a DryShips PSV, bulker sales to Economou fail
DryShips’ newly acquired platform supply vessel (PSV) has had its contract cancelled by its charterer Petrobras, incurring a $2.2m loss…
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Standard & Poor’s issues negative outlook on shipping prospects
A 10-page report into shipping prospects for 2016 issued today by ratings agency Standard & Poor’s makes for grim reading.…
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Additional equity or bust? Bulk Invest’s last throw of the dice
Bulk Invest, the shorn off owning division of what used to be known as Western Bulk, has sent a written…
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‘Death ship’ inquest reopens as gun-toting ex-master returns to Australia
The inquest into mysterious deaths onboard the bulk carrier reopened in Sydney today, just as the chief suspect reentered Australian…
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Panamaxes help Baltic Dry Index end its record-breaking rout
The Baltic Dry Index (BDI) today advanced by 1 point to reach 291 points, the first time the index has…
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Black day on the Nikkei sees Japan’s big three down more than a third in 2016
Stocks took another pummeling in Tokyo today, with once again shipping firms suffering the brunt of the bears. The Nikkei…
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Perseveranza di Navigazione: Dry bulk glass half-full?
Even when the Baltic Dry Index is sinking down day by day it’s possible to see the glass as hulf-full…
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HMM’s shares plunge 20% on North Korean links
Adding further woe to its prospects of survival, the share price in South Korea’s Hyundai Merchant Marine plunged a record…
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Safe Bulkers offloads three bulkers to Hajioannou
In its latest set of results published overnight, Safe Bulkers has revealed that it has sold three vessels to entities…
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