Dry Cargo
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Pangaea snaps up secondhand ultramax for $26.6m.
Nasdaq-listed US bulker owner Pangaea Logistics Solutions has picked up a secondhand ultramax for $26.6m. The 2014-built, 61,000 dwt ship…
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Zodiac cape hits reef in Indonesia
Zodiac Maritime’s 2014-built capesize bulk carrier hit a reef in the Seram Sea in eastern Indonesia yesterday. The ship was…
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Dry bulk taking a gamble by relying on China
AJ Rahman, founder and CEO of Norvic Shipping, explains why depending on the fortunes of one economic powerhouse is risky.…
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Berge Bulk makes methanol retrofit move
Singapore-based owner Berge Bulk has crossed another hurdle on its decarbonisation pathway by signing up one of its ships for…
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Modern bulkers fetch high prices
Over the weekend, brokers report two rare modern bulker deals, ships sold shortly after being circulated for sale. The price…
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Diana Shipping clinches $100m for debt refinancing
Greek bulker owner Diana Shipping has tapped Danish Ship Finance for a $100m loan maturing in April 2028. The New…
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Chinese commodity demand soars back
The dragon is back, firing on all cylinders, giving hope to anyone involved in the shipping of commodities to the…
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24-hour strike by Argentina’s grain inspectors stops shipments, more stoppages planned this week
Grain inspectors in Argentina held a 24-hour strike on Monday to protest high taxes that are cutting into their wages.…
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Shandong Shipping signs for 12 kamsarmaxes
Shandong Shipping, China’s third largest shipowner, has made its biggest newbuild splurge ever, signing for twelve 82,000 dwt kamsarmaxes at…
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Seacon in for two multipurpose newbuilds
Hot on the heels of its initial public offering in Hong Kong, Chinese shipowner and operator Seacon Shipping has placed…
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Wisdom Marine readies $96m for Japanese handysize newbuilds
Taiwanese shipowner and operator Wisdom Marine is adding more Japanese handysize bulkers to its orderbook. In a regulatory filing, the…
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Emarat Maritime pounces for four ultramaxes
In the bulker sector, Emarat Maritime has placed an order for four 63,000 dwt ultramaxes at New Dayang Shipbuilding, due…
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Cyclone skirts past Port Hedland
The world’s busiest iron ore export port avoided the brunt of a massive cyclone overnight. Ships had been cleared out…
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Belships swoops for another Japanese ultramax resale
Norway’s Belships has snapped up another ultramax bulk carrier under construction in Japan lifting its fleet to 35 ships. The…
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Vafias preps another spin-off
Imperial Petroleum, a spin-off of Harry Vafias-led StealthGas, is making its own spin-off. The NASDAQ-listed company will create a new…
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Giant cyclone heads towards Australia’s top iron ore port
Ships have been ordered to move away from the world’s largest iron ore exporting port as the biggest cyclone to…
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Cara Shipping sells a cape
Brokers report the first cape sale in April. Cara Shipping, the dry bulk shop of China’s Rizhao Steel, is noted…
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Diana Shipping and OceanPal charter out bulkers
Hot on the heels of its ultramax fixture with IMC Shipping, Greek bulker owner Diana Shipping and its spinoff OceanPal…
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Chinese steel demand proving elusive this year
Owners already alarmed by the underwhelming state of the capesize markets in recent months must now brace for a disappointing…
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Diana Shipping fixes out latest ultramax purchase
Greek bulker owner Diana Shipping has secured a time charter deal for the 2016-built ultramax acquired in February this year.…
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