Dry Cargo
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Precious Shipping: Fleet renewal plans thwarted by poor Chinese construction
Bangkok: Plans by Thailand’s Precious Shipping to be ahead of the curve when it comes to having a young eco-fleet…
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Norden cuts executive team
The ongoing restructuring at Denmark’s Norden has seen it slash its executive management team from five to three with its…
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Under fire Noble to slash 16% of workforce
Under fire commodity trader Noble Group looked to reassure investors by bringing out its Q2 results a few days early…
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Bulker hits reef off Zhoushan
Chinese bulker Jiang Quan 6 (31,000dwt, built 2013) hit a reef near Zhoushan on Saturday while it was trying to…
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J Lauritzen sells its last capesize vessel
Denmark’s J Lauritzen has sold its last capesize vessels, marking its exit from the market. Today, brokers say Lauritzen has sold…
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Ocean Rig impairment hits Dryships with $1.44bn loss
Deconsolidating Ocean Rig has cost Dryships $1.35bn, which is chiefly responsible for the $1.44bn net loss the NASDAQ company recorded…
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Scorpio Services ups its stake in SALT again
Just a week after it bought a first tranche of shares, Scorpio Services Holding has returned to buy a second…
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Fredriksen bolsters Golden Ocean holding
John Fredriksen’s family investment vehicle Franklin Enterprises continues to build up its holding in Golden Ocean. Franklin bought $12.6m of…
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North Korean ship in Mexico at centre of legal tussle
A South Korean family is trying to get the right to sell a North Korean vessel in Mexico as part…
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CSC Phoenix to resume stock trading
Domestic dry bulk shipping company CSC Phoenix has announced that Shenzhen Stock Exchange has approved the company’s application to resume…
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Illinois River grain terminals resume as force majeure ruling is lifted
All remaining Illinois River grain terminals affected by CME Group’s force majeure ruling have been cleared to resume loading out…
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Capesize spot rate surges $1,814 overnight, boosts Baltic Dry Index
Barely six months after the Baltic Dry Index (BDI) saw an all-time low of 513 points and capesize spot rates…
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Noble rushes forward quarterlies in bid to quash share rout
Singapore-listed Noble Group is bringing forward its second quarter results announcement in a bid to halt its sliding share price.…
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Australian ship agency in the market to become a dry bulk owner
An Australian shipping services provider is looking to become a shipowner and possibly pushing through an initial public offering too.…
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DryShips settles loan with debt-for-equity swap with Ocean Rig
DryShips has agreed a debt-for-equity swap with its fellow Economou-led company Ocean Rig that will fully pay off a $120m…
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NewLead Holdings gets new CFO and corporate secretary
NewLead Holdings has named Lena Despotopoulou as its new CFO and Eleftheria Savvidaki as its new corporate secretary. Samuel Gulko has…
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CMES pays Vale $448m for four valemaxes
Vale says it expects to get a combined $448m for the sale of four of its 400,000-dwt Valemax very large…
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Chinese equity collapse has not hit iron ore prices
Jeffrey Landsberg from Commodore Research is bullish for capesizes in the second half. While this week’s latest round of severe…
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Precious Shipping plans $366m fundraiser
Thailand’s Precious Shipping is planning a fundraiser through which it hopes to raise up to $366m from the sale of…
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Sinotrans & CSC disposes of shares in CSC Phoenix
CSC Phoenix, the domestic dry bulk shipping arm of the state-owned logistics service provider Sinotrans & CSC Group, has announced…
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