Dry Cargo
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Copper comedown
Dalian correspondent Mark Downing looks at China’s slackened copper demand. China’s recent surge in copper imports is not indicative of…
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Star Bulk linked to sale of two capesizes
NYSE-listed Star Bulk has a deal on subjects for the sale of two capesize vessels to South Korea’s H Line…
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Pacific Basin buys secondhand bulker
Hong Kong-listed Pacific Basin has announced that it has recently purchased an eight year old 32,000dwt Japanese-built handysize log/bulk carrier.…
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Scorpio Bulkers sells capesize sextet to Zodiac Maritime at $110m loss
Eyal Ofer’s Zodiac Maritime is said to be the buyer of six capesize bulk carriers sold by Scorpio Bulkers for…
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ESL Shipping orders world’s first large LNG-fuelled bulkers
A Finnish dry bulk player is diversifying to try and survive amid the record lows the sector is suffering. ESL…
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Fixed rate management solution introduced for hard-pressed bulker owners
NEPA Projects and Investments has developed a fixed rate management concept for dry cargo owners to provide support during the…
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Scorpio offloads another six capes
Scorpio Bulkers has entered into agreements with unspecified firms to sell two capsizes and four newbuilding capesizes still under construction…
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Gestion Maritime scraps old bulker
The fleet of the Monaco-based shipping company Gestion Maritime will shortly decrease to 10 units. Danilo Fumarola, ceo of the…
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Unique offloads two
Hong Kong’s Unique Shipping has been busy this week pruning its fleet. The privately held firm run by the Cheng…
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Golden Ocean swaps capesizes for suezmax tankers
Golden Ocean has agreed to swap two capesize newbuilding contracts for two suezmax contracts, which it will sell to fellow…
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Sungdong sells cape to Zodiac
Zodiac Maritime Agencies stays active in sniffing out opportunities. This time, brokers report that the Eyal Ofer-chaired outfit has been…
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Dalian Sincere Nice orders three bulkers at Huahai Heavy Industry
Hong Kong-registered Dalian Sincere Nice International Ship Management has lived up to its name, signing shipbuilding contracts with Hubei Huahai…
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NewLead CEO accused of withholding documents, plaintiff calls for his deposition
NewLead’s CEO Michael Zolotas has been accused of withholding documents and must produce his hard drive as evidence, according to…
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Navios counters weak market with share repurchase programme, suspends dividend
NYSE-listed Navios Maritime Holdings says it will commence a share repurchase programme and will suspend its dividend payment in order…
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Baltic Dry Index dips below 500 points for first time
Today’s Baltic Dry Index is 498 points, dipping below 500 points for the first time in its history. The index…
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Western Bulk renegotiates financial arrangements, but remains at risk
Western Bulk has reached an agreement with its banks and certain vessel owners for an amendment to financial covenants for…
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Delta Marine Carriers: Refocus on ultramaxes
Monaco: Delta Marine Carriers, a very low profile firm based in Monaco and whose core business is managing ships owned…
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Scorpio Bulkers gets ultramax loan, fleet now fully financed
Scorpio Bulkers has secured a $12.5m loan from a “major European financial institution” that will partly fund its acquisition of…
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Dry bulk debate seeks positives from double negatives
Yesterday saw the fourth annual SinoShip Dry Bulk Business Breakfast take place at the Foreign Correspondents’ Club in Hong Kong.…
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Diana Shipping draws down $28m to fund capesize construction
NYSE-listed Diana Shipping has drawn down the remaining $27,950,000 from its term loan facility with ING Bank. Today’s drawdown was…
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