Dry Cargo
-
Wisdom Marine to raise $80m via offshore bond issue
Taipei: Taipei-listed bulker operator Wisdom Marine has announced that it plans to raise $80m through an overseas bond issue. The…
Read More » -
CFO adds to exodus from Thorco
Copenhagen: The boardroom meltdown at Thorco continues. Strategical differences in management at the line have forced CFO Kent Hedegaard to…
Read More » -
UN targets North Korean firm
Dalian: A North Korean shipping company is violating sanctions by renaming most of its vessels, according to a study by…
Read More » -
Five more for Malaysian Bulk Carriers
Kuala Lumpur: Malaysian Bulk Carriers (Maybulk) has set aside RM400m as it goes about another fleet expansion with five new…
Read More » -
Oaktree Capital swaps Star Bulk board members
Athens: Oaktree Capital Management has switched up its representatives on the executive board of New York-listed Star Bulk Carriers. Mahesh…
Read More » -
Eagle Bulk Shipping CEO tenders resignation
Athens: Sophocles N Zoullas, CEO of Nasdaq-listed Eagle Bulk Shipping, has given written notice that he intends to terminate his employment…
Read More » -
Morgan Stanley gives dry bulk a shave
Oslo: Dry cargo shares have had their price target shaved by the American finance house Morgan Stanley. Hardest hit is…
Read More » -
Huge reduction in dry bulk vessels ordered in 2015 to date
London: Only 27 dry bulk vessels have been ordered so far this year, a 91% contraction compared with the 301…
Read More » -
Clipper Group CEO resigns from Thorco Shipping board
Copenhagen: CEO and partner of Clipper Group Kristian Mørch has resigned from the board of Denmark’s Thorco Shipping, after a dispute…
Read More » -
Swire Bulk Logistics forms New Zealand partnership
Singapore: Swire Bulk Logistics, the industrial shipping division of China Navigation Company, has formed a partnership with New Zealand’s Golden…
Read More » -
Baosource orders two
Dalian: Korean shipbuilding news site, Asiasis, reports that Baosource Shipping, a Shanghai firm, has ordered a pair of small bulkers.…
Read More » -
Wisdom back in Japan for another bulker
Taipei: Fast expanding dry bulk operator Wisdom Marine is spending $22m on another Japanese bulker. The Taiwanese line has opted…
Read More » -
Bulker scrapping increases with poor dry cargo market
London: Demolitions of dry cargo vessels have increased again this month, and the average age of bulkers being scrapped has…
Read More » -
Siem Shipping cuts losses
Oslo: Oslo-listed Siem Shipping remained in the red in the fourth quarter of 2014. The company has refinanced debt with…
Read More » -
Record low rates claim another dry bulk scalp
Seoul: Record weak dry bulk freight rates have claimed a third shipping line victim of the year. Daebo International Shipping…
Read More » -
Bulker resale contract values take a hit
London: The Baltic Dry Index may have shown some slight improvement this week, but data shows the dire state of…
Read More » -
New Philippine dry bulk terminal
Manila: Seasia Nectar Port Services Inc (SNPSI), a joint venture between Seasia Logistic Philippines Inc and the UK’s Nectar Group,…
Read More » -
Norden lowers rates in struggling bulk market
Copenhagen: Following dialogue with a number of large Japanese owners Denmark’s Norden has managed to work out savings in relation…
Read More » -
Diana Shipping fixes two capes to Rio Tinto
Athens: Rio Tinto Shipping (Asia) has timechartered the capesize bulk carriers Semirio and Sideris GS from New York-listed Diana Shipping.…
Read More » -
Bulker lay-ups possible, says Navios
Athens: The worst dry cargo shipping market in 30 years could lead to increased lay-up of vessels, Angeliki Frangou, chairman…
Read More »