Dry Cargo
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China Mineral Resources Group launches as Beijing attempts to assert dry bulk control
Beijing’s long-planned initiative to wrestle back control of pricing of dry bulk commodities, principally iron ore, has finally taken shape.…
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United Maritime looks to raise $26m
United Maritime Corporation, a spinoff of New York-listed capesize pure-play Seanergy Maritime, has initiated a capital raising exercise, looking to…
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Diana Shipping ups rate in new capesize deal with Aquavita
New York-listed Diana Shipping has landed an improved time charter contract for one of its bulk carriers that is anticipated…
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German owners tap Damen for mini-bulker newbuilds
German shipowners Reederei Wessels and HS Shipping Group (HS Schiffahrt) have contracted Dutch shipbuilder Damen to build fuel-efficient mini-bulkers. Both…
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Dry bulk pins hopes on China’s economy staging a comeback in H2
China released official Q2 GDP figures today showing how damaging ongoing lockdowns have been to shipping’s most important economy. Output…
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Cash-rich HMM outlines $11.45bn expansion plan
South Korean flagship carrier HMM has laid out a massive spending plan through to 2026 that will see its box…
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K Line partners with key Middle East client to work on decarbonisation
Japan’s Kawasaki Kisen Kaisha (K Line) has signed a memorandum of understanding with one of its top clients in the…
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Berge Bulk adds more wind power
Singapore-based owner Berge Bulk has contracted a British maker of rotor sails Anemoi Marine Technologies to supply and fit two…
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India embarks on sizeable coal restocking drive, Russian oil imports break new records
India’s energy mix in 2022 continues to throw up plenty of curveballs for those involved in the dry bulk and…
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Bulk carriers withdrawn from market on falling S&P prices
A large number of deals in dry cargo S&P are sealed with brokers filling up their dry bulk column, week…
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Inui Global Logistics signs for four handysize bulkers
Japan’s Inui Global Logistics has placed an order at two compatriot shipyards for the construction of four 40,000 dwt bulk…
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Recapturing of Snake Island opens new grain export routes for Ukraine
With Ukraine taking back the strategically important Snake Island at the end of last month, alternate grain export routes are…
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Seanergy’s capesize spinoff United Maritime enters tanker sector
Seanergy Maritime’s Nasdaq-listed spinoff, United Maritime, has entered the tanker sector with the purchase of two 2006-built aframaxes and two…
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Drax signs up for MOL’s hard sail solution
British power firm Drax Group has come out in support of Mitsui OSK Lines’ (MOL) hard sail development. Drax is…
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Boxship orderbook now larger than both the tanker and bulker orderbooks in dwt for the first time
The incredibly skewed global orderbook continues to throw up all manner of records, with long-term ramifications for the main shipping…
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Golden Ocean orders three dual-fuel kamsarmax bulkers in China as two ultramaxes ship out
John Fredriksen-backed Golden Ocean Group has placed an order for the construction of three dual-fuel kamsarmax bulk carriers, and offloaded…
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NYK to trial energy saving devices on 50 bulk carriers
Japan’s Nippon Yusen Kaisha (NYK) has moved to further reduce greenhouse gas emissions from existing vessels by installing and testing…
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Alternate Ukrainian export hubs emerge
Multiple options are opening up to ship goods out of war-torn Ukraine, a nation that closed all its ports on…
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Seanergy Maritime clinches $59m in new loans
Nasdaq-listed Seanergy Maritime has sealed new financing deals worth a total of $59m for two of its most recently acquired…
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Russian ship suspected of carrying Ukrainian grain leaves Turkey
Russian general cargo ship under suspicion of carrying stolen Ukrainian grain left the Turkish port of Karasu late on Wednesday,…
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