It has been quite awhile since the global bulk carrier market has had much to cheer about, but U.S. dry bulk shippers are set to post strong revenue growth in the next two years thanks to soaring Chinese demand for high-grade iron ore from Brazil and Australia…
Star Bulk Carriers announced that, in light of the improved performance of the Company and the dry bulk market in general, it is planning to make debt principal repayments that are in total at least equivalent to the amortization payments scheduled…
Greek dry bulk owner Goodbulk informed that it expects to exercise the options to buy six more Capesize vessels for a price of USD 134.2 million. The purchase option was part of an agreement signed between Goodbulk and Carval Investors in October this year for a total of 13 Capezsize bulkers…
Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Phaethon International Company AG…
Around 300 ships caught in jam that would stretch 40 miles; freight rates for biggest coal, ore carrier hit 3-yr high. More than 300 large dry cargo ships are having to wait outside Chinese and Australian ports in a maritime traffic jam…
Eagle Bulk Shipping announced that it has acquired a 2015-built CROWN-63 Ultramax bulkcarrier for a purchase price of USD 21.275 million. The vessel was constructed at Yangzhou Dayang Shipbuilding CO.,LTD., the same yard as the nine Ultramaxes acquired by the Company earlier this year…
Shipping confidence held steady at its highest rating in the past three-and-a-half years in the three months to end-November 2017, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens…
The last oceangoing vessel of the year is scheduled to leave the Port of Duluth-Superior, signaling the beginning of the end of the 2017 commercial shipping season in the Twin Ports and across the Great Lakes-St. Lawrence Seaway system. Weather permitting…
A new tonnage record of 2,183,611 metric tons has been achieved over a 24-hour period at the Port of Port Hedland. The new record was set over an evening high tide last Thursday, December 14, and morning high tide on Friday, December 15…
British industrialist Sanjeev Gupta is in talks to purchase and build more U.S.-based steel and industrial assets next year, after buying ArcelorMittal's Georgetown Steelworks at the weekend.Gupta, executive chairman of GFG Alliance which is a $10 billion metals…
Safe Bulkers, an international provider of marine dry-bulk transportation services, announced today that it has acquired a 92,000 dwt, South Korean 2010 built, dry-bulk, Post-Panamax class vessel at an attractive price. The vessel is a…
Saudi Arabian maritime transport and logistics company Bahri has appointed Abdullah Aldubaikhi as its new chief executive office. Aldubaikhi’s appointment, which takes effect January 1, 2018, comes as the company gears for a new phase of expansion following several months of growth…
Oldendorff Carriers has recently increased the number of owned bulk carriers in it Babycape segment by acquiring four more eco 119,000 tonners from compatriot shipowner Hartmann Reederei. The vessels are: MV UBC Ottawa (tbrn: Roland Oldendorff)…
Eagle Bulk Shipping, through its wholly-owned subsidiaries Eagle Bulk Shipco and Eagle Shipping LLC, has entered into a series of refinancing transactions, including the repayment in full of Eagle Shipping’s outstanding first and second lien credit facilities…
Diana Shipping, through a separate wholly-owned subsidiary, has entered into a time charter contract with EGPN Bulk Carrier, Hong Kong, for one of its Capesize dry bulk vessels, M/V Boston. The gross charter rate is $17,000 per day, minus a 5 percent commission paid to third parties…
