Dry Cargo

Weak mineral and grain demand pressuring freight rates
Mineral and grain demand in the Atlantic shipping market was weak Friday with charterers putting pressure on rates as owners work to get vessels covered into January, shipping sources said.
22/12/2014
Ore Ships Seen Taken Out of Service on Earnings Slump
A deeper slump in earnings for ships that carry most of the world’s coal and ore cargoes would force owners to take vessels out of service, according to shipbroker RS Platou Markets AS.
22/12/2014
SALT Agrees to Sell Kamsarmax Newbuilding
Scorpio Bulkers announced today that it has entered into an agreement to sell a Kamsarmax newbuilding dry bulk vessel for approximately $30.7 million.
19/12/2014
How will lower bunker prices affect overcapacity in dry bulk market?
As bunker fuel costs have come down from USD 600 per tonnes to USD 330 per tonnes in the past 6 months, much talk about increased ship speed have surfaced.
18/12/2014
Iron Ore Shipping Rates Fall to 5-Year Low on China Demand Drop
Iron ore and shipping costs plunged to the lowest in five years amid signs China’s slowing economic growth and a glut of the commodity are sapping seaborne trade.
18/12/2014
SALT to Modify & Sell Shipbuilding Contracts for 6 Capes
Scorpio Bulkers announced that it has reached agreements with shipyards in South Korea and Romania to modify six newbuilding contracts for Capesize bulk carriers into newbuilding contracts for LR2 product tankers...
17/12/2014
Capesize rates face bleak year ahead
Freight rates for Capesize dry bulk carriers are headed for their second worst year in 12 years, with 2015 offering only a glimmer of hope, shipping analysts said.
17/12/2014
Harim-led group, KKR submit bids for Pan Ocean
Two prospective buyers -- a consortium led by poultry processor Harim Co. and a global private equity fund (PEF) Kohlberg Kravis Roberts (KKR) -- offered about 900 billion won (US$827.7 million) in their bids Tuesday to buy Pan Ocean Co., South Korea's leading bulk carrier.
16/12/2014
Greeks make moves in secondhand market (W50)
Carriers report several deals in the secondhand market involving Greek players during Week 50. Most notably, Diana Shipping has moved for bulk carrier QINGDAO BEIHAI BC18.0-51 (dwt 180.000 blt 2014 China) at the price of USD 50 million.
16/12/2014
Wärtsilä wins ballast water management systems order
Six new bulk carriers, being built at the Namura and Onomichi shipyards in Japan, are to be fitted with 12 Wärtsilä Aquarius UV ballast water management systems (BWMS).
15/12/2014

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