Dry Cargo
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SPDB Financial Leasing orders six panamax bulkers at Cosco Shipping Heavy
SPDB Financial Leasing, the leasing unit of Shanghai Pudong Development Bank, has entered into shipbuilding contracts with Cosco Shipping Heavy…
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Taiwan Navigation sells panamax bulker
Bulker operator Taiwan Navigation has announced it has offloaded a 16-year-old 77,000 dwt panamax bulker. Splash understands the vessel is…
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Jinhui Shipping offloads ageing supramax
Chinese dry bulk owner Jinhui Shipping and Transportation has sold the 2002-built supramax bulker for $5.5m. The vessel was sold…
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Norsepower secures debut rotor sail newbuild order
Finnish company Norsepower, a provider of auxiliary wind propulsion systems, has announced its first newbuild order for the installation of…
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U-Ming and ITG inject cash into joint venture
Taiwanese bulker operator and Xiamen-based ITG Group are going to replenish capital into their joint venture ITG U-Ming Shipping. U-Ming…
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Mongolia, Indonesia and Russia the winners as Beijing formalises Australian coal ban
China has made its Australian coal ban official, sparking a swift response from Scott Morrison, the prime minister of Australia.…
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Vale ends the era of converted VLOCs
Brazilian miner Vale will no longer use VLOC bulkers converted from single hull VLCCs. Earlier this week, the last converted…
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Greathorse makes alternate plans for cape sell-off
Greek owner Thenamaris has pulled the plug on plans to buy a quartet of Greathorse capes. Thenamaris had taken the…
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Golden Ocean offloads panamax bulker
John Fredriksen’s bulker outfit Golden Ocean has sold its 2007-built 76,900 dwt panamax bulker according to brokers. Multiple shipbroking houses…
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AM Nomikos places panamax bulker in Baumarine pool
The Baumarine pool, managed by Klaveness and Marubeni joint venture MaruKlav, has announced that Greek owner AM Nomikos Transworld has decided…
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Tanker and bulker owners look on as Xi tightens environmental goals
Xi Jinping, the president of China, upped his nation’s green goals over the weekend in a video address that will…
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Algoma Central secures refinancing
Canadian Great Lakes operator Algoma Central Corporation has completed a refinancing of its senior secured credit facilities that were due…
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S’hail Shipping adds another bulker to MaruKlav pool
S’hail Shipping has placed a sixth vessel into MaruKlav’s Baumarine Pool, adding the 2007-built panamax bulker which it recently acquired…
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MOL announces Ikeda’s successor
Japan’s largest shipowner, Mitsui OSK Lines (MOL), is shuffling top management with Junichiro Ikeda moving upstairs to chairman and Takeshi…
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Noble exits shipowning with cape sale
Noble Group Holdings has exited shipowning with the sale of its last capesize. The commodities company, which has been through…
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Scorpio Bulkers sells third vessel this week with $20m kamsarmax deal
Monaco’s Scorpio Bulkers has entered into an agreement to sell the 2016-built kamsarmax for approximately $20m. Delivery of the Hudong…
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Zhongxin Shipping orders bulker at Penglai Zhongbai Jinglu
Tianjin-based Zhongxin Shipping has placed an order at Penglai Zhongbai Jinglu Shipbuilding for the construction of one 10,000 dwt bulk…
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HNA makes shipowning return with double cape swoop
HNA Technology, an investment vehicle of China’s HNA Group, has entered into an agreement with US-based investment firm Platinum Equity…
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BBG and Harren & Partner team up on bulkers
Bremer Bereederungsgesellschaft (BBG) and Harren & Partner are combining their fleets and networks in the bulker segment to form Harren…
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Baltic Exchange targets banks with new investor indices
The diversification of business streams at London’s Baltic Exchange, now owned by the Singapore Exchange, shows no sign of letting…
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