Dry Cargo News - Dry Bulk Shipping & Commodity Industry Updates

Dry Cargo

DryShips acquires newcastlemax and suezmax from Economou

May 30th, 20180 Greek owner DryShips has entered into agreement to acquire one 2013-built newcastlemax bulker and one 2017-built suezmax tanker. The vessels will be acquired from...

Dry Cargo

CMES and ICBC Leasing team up to invest in six VLOCs

May 29th, 20180 China Merchants Energy Shipping (CMES) subsidiary China VLOC Investment has entered into an agreement with VLOC Maritime Holdings, a unit of ICBC Financial Leasing, to...

Dry Cargo

Can money still be made in shipping by flipping ships?

May 29th, 20181 Unlike other capital assets whose value depreciates over the economic life of the asset, ships are known to appreciate in value if markets are strong. When freight...

Dry Cargo

Klaveness sets up in Dubai

May 29th, 20180 Norwegian owner Torvald Klaveness has expanded its presence in the Middle East by setting up an office in Dubai. The Dubai office is a branch office of Klaveness Asia...

Dry Cargo

Berge Bulk scales up with Matterhorn purchase

May 28th, 20180 Berge Bulk is revealed as the taker of the eight year old cape, , a Dalian-built ship reported sold at the end of last month for $25m with no taker identified at the...

Dry Cargo

H-Line takes another modern cape

May 28th, 20180 Hsin Chien Marine is the second Taiwanese owner in the past fortnight to be offloading relative modern bulkers. Over the weekend details of a sale that started...

Dry Cargo

Meghna orders ultramax pair at Taizhou Sanfu

May 28th, 20180 Bangladeshi owner Meghna Marine has placed an order at China’s Taizhou Shipbuilding for the construction of a 64,000dwt ultramax bulker, with an option for one more,...

Dry Cargo

CSC Phoenix fails to extend charters, faces imminent capacity shortage

May 28th, 20180 China’s CSC Phoenix has failed to negotiate new charter contracts for a total of 13 bulkers with its former parent Sinotrans & CSC and will return the vessels when...

Dry Cargo

Abandoned Aroania Maritime bulker to be auctioned by Chinese court

May 24th, 20180 China’s Ningbo Maritime Court will hold an auction for the handymax bulker via online platform Taobao on July 25. The vessel was detained by the court at the...

Dry Cargo

Weekly Broker: Dry bulk activity falls in line with diminished freight rates

May 24th, 20180 This past week has seen a surge in the volume of ships changing hands, contributed in no small part by the 15-vessel deal concluded by Star Bulk Carriers for the Songa...

Dry Cargo

Euroseas gets approvals for EuroDry spin-off

May 24th, 20180 Greek owner Euroseas has received the relevant approvals for its EuroDry spin-off, which will be listed on the NASDAQ Capital Market under the symbol EDRY from May...

Dry Cargo

Diana Shipping capesize extended by Koch

May 23rd, 20180 Greek dry bulk owner Diana Shipping has sealed a new time charter contract with Koch Shipping for 2013-built capesize for 13- to 15-months. Koch will be paying...

Dry Cargo

Essar Shipping to dispose of older vessels

May 22nd, 20180 India’s Essar Shipping has passed a resolution to sell off its older vessels as part of the company’s fleet renewal plan, aimed at dealing with the incoming IMO...

Dry Cargo

Nisshin Shipping adds nine ultramax bulkers at Nantong Xiangyu

May 21st, 20180 Japanese owner Nisshin Shipping has placed an order at China’s Shipbuilding & Offshore Engineering for the construction of up to nine 63,500 dwt bulk...

Dry Cargo

Nova Shipping adds to woodchip orderbook at Chengxi

May 21st, 20180 Singapore’s Nova Shipping has returned to Chengxi Shipyard in China for four firm plus four options of woodchip carriers. The 70,000 dwt ships come with a $32.8m per...

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Splash Dash

Hyundai Heavy runs out of offshore work
South Korean shipbuilding major Hyundai Heavy Industries (HHI) has announced that it will suspend... Jun 22nd, 2018 inShipyards
This is why jackup rig dayrates will double
David Carter Shinn from Norwegian offshore rig brokerage and advisory Bassoe Offshore reckons it's... Jun 22nd, 2018 inOffshore
The Great Reversal: US crude and the diverse forces shaping tanker markets
Reduced floating storage, the high level of deliveries and mixed impact of increased US crude... Jun 22nd, 2018 inContributions
Korea’s largest steel mill gets shipping partners to install scrubbers
Korea, Inc has thrown its weight behind scrubbers. In a significant move, POSCO, one of the top... Jun 22nd, 2018 inEnvironment
HMM denies it is preparing for life without Maersk and MSC
January 1, 2020 marks a date creating headaches for shipowners around the world as they gear up for... Jun 20th, 2018 inContainers
Should HMM stay or go?
On March 16 2017, Hyundai Merchant Marine (HMM) inked a three-year strategic cooperation agreement... Jun 20th, 2018 inOpinion

Diana Shipping newcastlemax gets pay rise from Koch

Danaos seals $2.2bn debt refinancing

Wilhelmsen Ship Management adds UK office, targets ambitious growth

Angelicoussis back at DSME for another LNG carrier

Negligent homicide charge dropped against commander of USS Fitzgerald

Yangzijiang wins more newcastlemax orders

Cox Oil agrees on $322m buyout of EGC

Generator fire doused on Great Lakes bulker, USCG to investigate

GMS adds to its growing operational fleet

Shelf Drilling to list in Oslo on Monday

Shelf Drilling IPO oversubscribed

Rowan jackup gets three-year Saudi Aramco contract

Hyundai Heavy runs out of offshore work

Korea’s largest steel mill gets shipping partners to install scrubbers

Sungdong Shipbuilding seeks new owners

Ocean Network Express shifts from road to rail in the UK

COSL secures jackup contracts from Aramco

Worker dies after falling off ship at Beihai Shipbuilding

Cosco’s huge swathe of boxships still to deliver this year puts liners on edge

Cosco offers US authorities Long Beach terminal solution to solve OOCL takeover

Another elderly Polaris VLOC in trouble