Dry Cargo

Blue Wall secures financing from CIT for bulkers
CIT Group Inc., a global leader in transportation finance, announced that CIT Maritime Finance provided a $24.1 million senior secured credit facility to Blue Wall Shipping Limited, an investment holding company.
20/11/2014
Marmaras linked to Capesize purchase
In the Capesize sector, Intermodal reports the sale of the “STELLA JADE” (175,932dwt-blt 12, China), which was sold to Greek owner, Marmaras Navigation.
19/11/2014
Genco ship detained in US
A handymax bulker controlled by Genco Shipping & Trading has been detained in the United States. The 55,300-dwt Genco Provence (built 2004) was held in Jacksonville, Florida after the crew failed to perform a satisfactory fire drill.
19/11/2014
Divided opinion on greater specialisation in bulk trades
The trend for the future is towards greater specialisation in the dry bulk market, according to Drewry Singapore president and ceo Arjun Batra, who even went so far as to suggest that "VLOCs (such as the Valemaxes) will eventually push out capes".
18/11/2014
ITCM - Dry S&P report (W46)
ITCM  reports rumoured moves by Greek players in the dry bulk S&P market during week 46. Samios Shipping is reported to have acquired M/V OINOUSSIAN LION (71K DWT BLT 96 HITACHI, JAPAN) at the price of approximately USD 7.2 million...
17/11/2014
Greeks move for bulkers secondhand

Lion Shipbrokers report several deals (W46) in the secondhand market involving Greek players all for bulk carriers. Most notably, M/V "FIRST IBIS" (208,038 dwt, 2010 Universal/Japan), sold either to Greek buyers (hearing clients of Golden Union) - or- to Chinese buyers for $45 million. M/V "CASSIOPEIA BULKER" (179,398 dwt, blt 2011 Hanjin/South Korea), sold to Greek buyers (clients of Alpha Tankers & Freighters) for $42 million... 
17/11/2014
Magna Marine linked to bulker acquisition
Lion Shipbrokers report bulk carrier M/V "MEDI SENTOSA" (83,690 dwt, blt 2008 Sanoyas/Japan) was sold to Greek buyers (clients of Magna Marine) for $19.5 million during week 45.
10/11/2014
Kamsarmax MEDI SENTOSA goes to Greek buyer
In the Kamsarmax sector, we had the sale of the “MEDI SENTOSA” (83,690dwt-blt 08, Japan), which went to Greek buyers for a price of $19.5 million, Intermodal reports.
7/11/2014
Navios linked to tanker acquisition
Lion Shipbrokers report several deals involving Greek players in the secondhand market during week 44. Most notably, M/T "SYNERGY QUEEN" (309,741 dwt, blt 2010 Imabari/Japan), was sold to Greek buyers (clients of Navios) for $78 million. Clients of Harbor and Lomar have also reportedly made moves in the market for bulkers and containerships respectively.
3/11/2014
Atlantic Handysize Dry: Rates flat as tonnage glut persists
The Atlantic Supramax freight market continued to deal with an excess of ships Friday, with the number of inquiries from charterers insufficient to provide any support for prices, sources said.
3/11/2014

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