Dry Cargo

YGS Seals Deal with Eitzen For 9 Handysize Vessels Chinese-based Yangzhou Guoyu Shipbuilding Co., Ltd (YGS) has secured an order from Norwegian shipowner Axel C. Eitzen for the construction of up to nine handysize dry bulk carriers. 21/5/2013
A.M. Nomikos buys $20.1 mln bulker - brokers

A.M. Nomikos of Greece has acquired bulk carrier TANGO QUEEN (dwt 55,649 blt 2007 Japan) at the price of USD 20.1 million, according to broker reports.
21/5/2013
Laskaridis orders 10 new bulkers at Penglai Zhongbai
Greek owner Laskaridis Shipping has ordered four 64,000dwt bulkers and 2 (+2) kamsarmax bulkers at Penglai Zhongbai Jinglu Ship Industry. Prior to these orders, Laskaridis exercised existing options for two 64,000dwt bulkers and signed a resale contract with Penglai Zhongbai for two panamax bulkers.
20/5/2013
Greeks highly active in secondhand market
Greeks have been highly active in the secondhand market in weeks 19 and 20. Lion Shipbrokers report deals involving Navios, Swissmarine, Chartworld, A.M.Nomikos, Giavridis, LPL Shipping, Ionia Management, Paradise Navigation, Polembros and Lomar.
20/5/2013
SafeBulkers posts Q1 results; orders two eco-design newbuild Panamax class vessels

Safe Bulkers announced its unaudited financial results for the quarter ended March 31, 2013. Net income for the first quarter of 2013 decreased by 25% to $16.1 million from $21.6 million during the same period in 2012. Adjusted EBITDA(1) for the first quarter of 2013 decreased by 14% to $27.4 million. Dr. Loukas Barmparis, President of the Company, said: "Our Board of Directors has declared our twentieth consecutive dividend since our IPO in the amount of $0.05 per share. We continue to be focused on reducing our counterparty risk through early redeliveries while strengthening our cash position..."
16/5/2013
Navios goes for secondhand tankers - brokers
Navios has made a move in the secondhand market for two tanker vessels, according to latest broker reports. The KUROSHIO EXPRESS (dwt 47.999 blt 2005 Japan) and ORANGE EXPRESS (dwt 47.999 blt 2005 Japan) tanker vessels have been bought at a cost of USD 16.5 million.
16/5/2013
Fearnleys Weekly: Norden orders 13 vessels
Active on the bulker side. Dansish Norden today announced a total of 13 vessels. Two kamsarmaxes and four supramaxes will be built at different yards in Japan and at the same time another two kamsarmaxes and five supramaxes will be chartered in long term with purchase options.
15/5/2013
Golden Ocean moves for Navios-linked Magnolia
John Fredriksen-linked shipowner Golden Ocean has acquired for the 180,000-dwt Magnolia (built 2009 S. Korea) which brokers had heavily linked to Navios Group of Greece. Reports suggest the deal will cost approximately USD 33.6 million.
15/5/2013
Navios linked to bulker acquisiton
Navios group has purchased the 180,000-dwt Magnolia (built 2009), according to broker reports. The price being reported is between USD 26 - 33.5 million.
13/5/2013
Diana Agrees Charter Deal for M/V BALTIMORE with RWE
Diana Shipping, a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has entered into a time charter contract with RWE Supply & Trading GmbH, Essen, Germany, through a separate wholly-owned subsidiary, for one of its Capesize dry bulk carriers, the m/v “Tamou” (to be renamed “Baltimore”).
10/5/2013

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