Dry Cargo
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Noble takes legal action to try and sink Iceberg
Singapore: A simmering spat between a Hong Kong research outfit and one of the city’s top commodities traders is heading…
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Early redeliveries put pressure on capesize period rates
London: Capesize rates may have stopped their freefall, but market sources tell Splash that early redeliveries of vessels continue to put pressure…
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Star Bulk gets $227.5m loan for seven newbuildings, delays new deliveries
London: Star Bulk has secured up to $227.5m in loans from DNB Bank, SEB Bank and the Export-Import Bank of…
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Diana Shipping refinances with new Nordea loan facility
Athens: Greek dry bulk operator Diana Shipping has signed a term loan facility this week with Nordea Bank in London.…
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New Delhi to request Dhaka for use of Chittagong port for grain transportation
New Delhi: The Indian Food Ministry, which has been concerned with the absence of adequate infrastructure at Ashuganj port on…
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Auerbach Schifffahrt: Multipurpose action
Hamburg: Composure, reflection, action – these are the traditional Hanseatic virtues that lie at the heart of Auerbach, according to…
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Breakbulk outlook cautiously optimistic
Shanghai: Breakbulk market demand is expected to grow in the coming year and the market remains steady despite challenges, Tina Liu,…
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Capesizes go into lay-up in Asia
London: Brokers in Singapore estimate that “six or seven” capesize bulk carriers have gone into hot lay-up, according to reports.…
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Strategy versus tactics
Recently various approaches to deal with the prolonged downturn in the dry bulk sector of shipping are being tried. For…
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Lanhai fleet goes for the third round of auctions
Shanghai: Guangzhou Maritime Court has announced that six bulk carriers belonging to Guangdong Lanhai Shipping are going to a third…
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New Delhi plans anti-dumping duty on certain types of steel
New Delhi: In a bid to protect indigenous industry, India’s Ministry of Trade has recommended anti-dumping duties ranging from $180…
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U-Ming solid on cement prospects
Taipei: Taiwan’s U-Ming Marine Transport is moving to rejuvenate its ageing cement carrier fleet. The dry bulk owner, owned by…
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Gestion Maritime: Tanker diversification coupled with bulk acquisitions
Monaco: Monaco-based Gestion Maritime is ready for its debut in the liquid bulk market this summer and is also readying…
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Sobelmar commences Chapter 11 proceedings
New York: Belgian firm Sobelmar and some of its subsidiaries, including Sobelmar Shipping, has had to commence Chapter 11 bankruptcy…
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AAL takes MTL vessel on charter
Singapore: Breakbulk operator AAL has added to its fleet, taking on a 2009-built vessel on long-term charter. AAL has taken…
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Knightsbridge Shipping and Frontline 2012 complete capesize vessel transfer
London: Knightsbridge Shipping has completed its acquisition of 12 capesize bulk carrier newbuildings from fellow Fredriksen-Group company Frontline 2012. Knightsbridge…
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Clipper prepares bulkers for ECAs
Copenhagen: Owners are slowly abiding to new rules for emission control areas (ECAs) that entered into full effect on January…
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ESL Shipping lands windfall by offloading Alandia insurance stake
Helsinki: Baltic Sea bulk operator ESL Shipping has sold its 3.5% share of insurance company Försäkringsaktiebolaget Alandia to Bore Ltd,…
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Alpha Bulkers gets wet with double VLCC order
London: Greece’s Alpha Bulkers Shipmanagement has continued its expansion into the tanker sector by ordering two 320,000-dwt VLCCs from Hyundai…
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Queensland clears Abbot Point port expansion for coal projects
Hyderabad: The likelihood of power-starved India getting more thermal coal for its power plants improved dramatically, with the Queensland state…
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