Dry Cargo
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Scorpio Bulkers sells seven newbuildings at a $63m loss, secures ultramax financing
London: NYSE-listed Scorpio Bulkers has agreed to sell seven of its newbuildings to an unnamed buyer for $290m in total, but…
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Near term outlook grim: Sea Asia Global Forum
Singapore: The mood was mixed among panellists at the Sea Asia Global Forum this morning. The lead start to the…
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Supreme Court puts Chennai port in the dock on dusty cargo
Chennai: The Chennai Port Trust (ChPT) has been directed by India’s Supreme Court to come up with a comprehensive proposal…
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Bumper week for scrapping capesize bulk carriers
London: Buyers in Pakistan cleaned up this past week, elbowing Bangladesh out of the way to acquire the week’s biggest…
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Valles director takes swipe at private equity
Hong Kong: The director of one of Hong Kong’s oldest shipping lines has lashed out at private equity’s intervention in…
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Tim Huxley stars on Splash TV: ‘Contrarian’ views on bulker buys
Hong Kong: Tankers look “set fair” in the coming months and the fact bulk carriers have fallen in price so…
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Star Bulk completes Excel takeover
Athens: On Friday, Star Bulk took delivery of the Star Jennifer, formerly called Ore Hansa, a 82,290 dwt kamsarmax bulk…
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Wah Kwong in the market for secondhand tonnage for first time since the 1960s
Hong Kong: Despite not having bought any secondhand tonnage since the 1960s, Hong Kong’s Wah Kwong is in the market…
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HMM negotiates dry bulk fleet sale with Taiwanese securities house
Seoul: The Seoul Economic Daily reports that Hyundai Merchant Marine (HMM) has entered negotiations with Taiwan securities house Yuanta to…
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Capital Product Partners equity offering could raise up to $140.3m
London: After announcing a public offering of 12.8m common units in its limited partnership yesterday, Capital Product Partners says the units will…
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Caravel hunts handymax buys
Hong Kong: The Caravel Group, the shipping and trading group founded by Harry Banga in 2013, is in the market…
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Indo-Bangla pact for moving foodgrains by inland waterways
New Delhi: India is to sign a long-term treaty with Dhaka for transporting foodgrains to its north-eastern states on a…
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Zhongchang Marine to borrow $48.3m
Shanghai: Shanghai-listed domestic dry bulk shipping company Zhongchang Marine has said that it plans to borrow RMB300m ($48.3M) from Shanghai…
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Another grounded vessel on the Delaware
San Francisco: In the second accident on its waters in the past fortnight, a bulker ran aground yesterday on the…
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Bulker capsizes near Zhoushan, 5 missing
Shanghai: A bulk carrier “Hai Jian 77” capsized near Xiao Qu Shan Island in Zhoushan yesterday morning. Ministry of Transtport’s…
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Search and rescue fails to find man overboard off Fraser Island
Sydney: Chances of finding a man overboard off Australia’s Fraser Island are fading this afternoon as search and rescue teams…
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CSC Phoenix applies to resume stock trading
Shanghai: CSC Phoenix, the domestic dry bulk shipping unit of state-run integrated logistics provider Sinotrans & CSC Group, has announced…
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Western Bulk closes panamax business unit
London: Western Bulk’s panamax chartering unit has closed with immediate effect, sources at the company have confirmed to Splash. The company says…
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Cosco disposes of 14 vessels
Shanghai: Chinese shipping giant Cosco has announced that it has sold 13 bulkers and one containership with a total capacity…
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Greeks lead ship scrapping this week, including three capesizes
London: A trio of capesize bulk carriers are among the vessels sold by Greek shipping companies for demolition on the Indian subcontinent…
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