Dry Cargo

Vale & Cosco In Iron Ore Shipping Deal
Vale and China Ocean Shipping Company (Cosco), the largest dry bulk carrier in China, signed today, in Beijing, a framework agreement for strategic cooperation in iron ore shipping.
Diana Shipping Announces Time Charter Contract for m/v Dione
Diana Shipping today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with RWE Supply & Trading GmbH, Essen, Germany, for one of its Panamax dry bulk vessels, the m/v “Dione”.
Bulk carriers to adopt Wärtsilä Dual-Fuel engine technology
The increasing use of LNG as a marine fuel is further emphasised with the latest order for Wärtsilä’s dual-fuel engine technology. A new cement carrier being built at the Scheepswerf Ferus Smit yard in the Netherlands will feature a 6-cylinder Wärtsilä 34DF main engine, making it the first bulk carrier to adopt Wärtsilä’s multi fuel capability.
Winland bulker "Rui Lee" arrested Winland Shipping has seen one of its bulkers arrested by Singapore’s admiralty sheriff. 11/9/2014
McQuilling teams with Vale on Ship Repair Business in Brazil
McQuilling Partners Group announced the signing of a cooperation agreement with Vale, S.A, one of the largest mining companies in the world with substantial involvement and expertise in global marine transportation logistics.
Seaborne iron ore market inches lower
The seaborne iron ore market edged down Monday after negative steel fundamentals placed raw material procurement on the back-burner. Platts assessed the 62% Fe IODEX at $83.75/dry mt CFR North China, down $0.25/dmt from Friday.
Lion Shipbrokers Weekly Report (W36)
Lion Shipbrokers report deals involving Greek players in the secondhand market week 36, in the dry bulk and tankers segments. Most notably, M/V "FORTE" (23,573 dwt, blt 2001 Shin/Japan) sold to Greek buyers (clients of Team Fuel) for $7.7 million.
ATLANTIC SUPRAMAX DRY: Rates stabilize on balanced fundamentals
The front-haul grain inquiry from the US Gulf Coast is keeping the Atlantic Supramax market comfortably floating despite a long tonnage list, sources said.
DryShips cancels contract for four panamaxes at Rongsheng
Dryships has cancelled its four delayed orders for ice class panamaxes at Jiangsu Rongsheng Heavy Industries. Dryships has already received refunds of all installments paid to to the yard plus interest.
Globus secures time charter for panamax bulker
Globus Maritime has lined up a time charter for one of its panamax bulkers. According to the Baltic Exchange, ED&F Man Shipping fixed the 56,867-dwt Star Globe (built 2010) for up to four months at a rate of around $10,000 per day.

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