Dry Cargo
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Essar Shipping: Banking on a young fleet
Mumbai: For a little under seven years since August 2008, Captain Anoop Kumar Sharma has been functioning as CEO of…
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Cape freight rate volatility picks up, as sentiment turns more positive
Singapore: Capesize freight rate volatility has picked up in the past few days and there’s a chance rates could pick…
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K Line vessel refloated
Tokyo: The 10,292 dwt Marine Diamond (built 2005) was refloated today having run aground on Wednesday in Nagoya port. The…
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Essar Ports takes over iron ore-handling complex at Visakhapatnam port
Mumbai: Essar Ports (EPL) has taken over the iron ore handling complex at Visakhapatnam port on a 30-year build-operate-transfer lease.…
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Cosco disposes of four vessels
Shanghai: China’s Cosco Group has announced that it has sold four vessels with a total capacity of 261,800dwt for scrapping…
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Star Bulk prices share offering, proceeds could raise $180m
Athens: Star Bulk has disclosed the pricing and the number of shares being sold in its latest direct public share offering,…
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Star Bulk plans $150m share offering
Athens: Star Bulk is to make a public offering of $150m of shares on the NASDAQ exchange to help fund…
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AAL and Peter Döhle join forces
Singapore: Shipping’s ongoing era of consolidation continues. Multipurpose operators AAL and Peter Döhle have today announced the launch of a…
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Court orders NewLead JMEG to hand over evidence
Athens: NewLead JMEG, a coal mining joint venture with NewLead Holdings; its chief executive Jan Berkowitz and Michael Zolotas, CEO…
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SGX looks at introducing FFA clearing in Asian timezone
Singapore: The Singapore Exchange (SGX) is taking heed of major customers to try and introduce FFA clearing in Asian trading…
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West Pilbara iron ore project on hold
Sydney: Another Australian iron ore project has been shelved amid the downturn in global iron ore prices. Aurizon, ACMI and…
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Blumenthal switches capesize newbuildings to suezmax tankers
Athens: Reederei Johann MK Blumenthal is swapping its capesize bulk carrier newbuilding contracts for suezmax tankers, brokers’ reports say. The Hamburg-based…
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NewLead accused of fraud as litigation continues
Athens: An ongoing breach of contract litigation in New York has been beset with fraud allegations related to a NewLead Holdings company…
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Diana and Wilhelmsen start shipmanagement joint venture
Athens: NYSE-listed Diana Shipping and Wilhelmsen Ship Management (WSM) have founded Diana Wilhelmsen Management, a 50/50 joint venture (JV). The…
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‘More owners are scrapping their ships than ever before’: BIMCO
Copenhagen: Capesizes are set for a record year of demolition, shipowning organisation BIMCO says in a recent report. Data from…
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Naveen Jindal summoned to court as coal fraud case hots up
New Delhi: Industrialist and senior Congress leader Naveen Jindal and 14 others have been summoned to court on May 22 in…
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Dry bulk rates to remain weak for rest of decade: Goldman Sachs
New York: Dry bulk freight rates are set to remain low for the rest of this decade as overcapacity will…
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Masterbulk awards Rickmers with shipmanagement of 16 bulk carriers
Singapore: Rickmers Shipmanagement (Singapore) has been chosen as Masterbulk’s new primary third party shipmanager. Rickmers will take over management of…
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Heidmar and TBS team up on geared dry bulk pool
New York: Heidmar and TBS Ocean have announced that they are joining forces to form a dry bulk pool alliance.…
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Diana fixes post-panamax bulker to ADM International
Athens: Diana Shipping has fixed a post-panamax bulk carrier on a 21- to 24-month timecharter to ADM International, a producer of…
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