Category archives: Dry Cargo

Dry bulk shipping needs drastic measures, says Drewry

Dry bulk shipping is facing a perfect storm and requires drastic supply side measures if the industry is to return on course to profitability in the medium term, according to ...

North P&I Club publishes major loss prevention guide on bulk cargoes

The 175 million GT, ‘A’ rated North P&I Club has published a major new guide for the international shipping industry on how to reduce losses when carrying bulk cargoes ...

New coal carrier Shin Sekiyo delivered

On January 15, a new coal carrier, Shin Sekiyo, was delivered at Oshima Shipbuilding Co. Ltd. A delivery and naming ceremony was held at the shipyard on the same day ...

Diana Shipping announces charter contract for m/v Nirefs with Transgrain

Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with ...

2016 outlook for listed dry bulk companies

Drewry Maritime Equity Research (DMER) reviews the investment year that was 2015 and looks to what the new year may have in store for market participants. Investors suffered massive wealth ...

Delivery of ‘Corona-series’ coal carrier "Corona Utility"

Kawasaki Kisen Kaisha, Ltd., Tokyo, (“K” Line) is proud to announce the delivery of “CORONA UTILITY,” an 88,000 DWT-type special coal carrier at Marugame Shipyard of Imabari Shipbuilding Co ...

Double first for DNV GL with new rule set class contract for LNG-fuelled bulkers

ESL Shipping’s new dual-fuelled bulk carriers will not only be the first large LNG-fuelled bulkers, but the first vessels constructed to the new DNV GL rule set. Due for ...

Pioneer Marine announces delivery of its second Green Dolphin eco-design vessel

Pioneer Marine Inc. a leading shipowner and global drybulk handysize transportation service provider announced that it accepted delivery of a 38,419 DWT Green Dolphin eco-design handysize vessel, the M ...

Scorpio Bulkers announces sale of five vessels for $167 million

Scorpio Bulkers, Inc. announced that it has entered into agreements with unaffiliated third parties to sell three Capesize dry bulk vessels and two newbuilding Capesize dry bulk vessels under construction ...

NORDEN sells Capesize vessel

NORDEN has agreed to sell the Capesize dry cargo vessel NORD POWER (176,000 tdw., built in 2005).

The sale will entail an accounting loss of USD 12 million, which ...

Breakbulk shipping market to remain weak until 2017

Although demand growth is expected to recover next year after a very poor 2015, and supply growth is likely to be minimal, competition from other sectors will maintain pressure on ...

188,000 DWT Bulk Carrier M.V. Cape Success joined U-Ming’s fleet

U-Ming Marine Transport (Singapore) Pte. Ltd., a fully-owned subsidiary of U-Ming Marine Transport Corporation, had commissioned Shanghai Waigaoqiao Shipbuilding Co., Ltd., a subsidiary of China State Shipbuilding Corporation (CSSC), to ...

Vale concludes the sale of VLOCs to ICBCL

Vale and a consortium led by ICBC Financial Leasing, a 100 percent owned subsidiary of the Industrial and Commercial Bank of China, concluded today the sale and purchase of four ...

Diana Shipping announces time charter contracts

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract ...

Star Bulk sells four vessels for $122m

Star Bulk Carriers Corp., a global shipping company providing transportation solutions in the dry bulk sector, has announced that it has entered into agreements to sell two modern Capesize vessels ...

Gener8 Maritime secures USD 259 loan for its Chinese VLCCs

Gener8 Maritime, Inc., a leading U.S.-based provider of international seaborne crude oil transportation services, has announced that it has entered into a senior secured credit facility for up ...

Dry bulk shipping will not return to profitability before 2017

The gloomy outlook for the dry bulk shipping market continues to afflict shipowners and the market is not expected to return to profitability before 2017, according to the Dry ...

DNV GL presents DSIC with world’s first AiP for LNG-fuelled VLCC design

DNV GL has presented Dalian Shipbuilding Industry Company Limited (DSIC) with an Approval in Principle (AiP) certificate for a new LNG-fuelled very large crude carrier (VLCC) design at the first ...

UK P&I Club advises on the hazards in shipping coal from Indonesia

There are various hazards associated with the trade in coal. UK P&I Club’s Loss Prevention Team highlights the risks involved, and advises on the relevant actions to take ...

The world’s first LNG handysize bulk carriers

Deltamarin Ltd proudly announces that it has signed a contract to design the world’s first LNG handysize bulk carriers, which will point the way towards greener shipping of commodities ...

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