Dry Cargo

Capesize rates to climb further after hitting six-month high
Rates for capesize bulk carriers on key Asian routes could hold steady or climb higher next week after surging to their highest level in more than six months on strong chartering activity from iron ore miners, including Vale and Rio Tinto, brokers said.
Paragon Takes Delivery of First two Ultramax NewBuildings
Paragon Shipping announced today that it recently took delivery of the M/V Gentle Seas and the M/V Peaceful Seas, two Ultramax vessels with cargo carrying capacity of approximately 63,350 dwt each, from Yangzhou Dayang Shipbuilding Co. Ltd. in China.
ATLANTIC PANAMAX DRY: Rates move horizontally
Sentiment remained bullish in the Atlantic Panamax market with tonnage relatively tight, but there were few fresh stems on offer and trading was slow, sources said Monday.
Diana Shipping: Time Charter Contract for m/v Triton with Glencore
Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Grain B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v “Triton”.
Dry bulker newbuilding prices drop Weak freight rates have driven second prices of dry bulk carriers lower and signs of a fall in newbuilding prices have started to emerge, said shipping analysts at Arctic Securities ASA in Oslo, Norway. 24/10/2014
Asia Dry Bulk-Capesize could nudge higher on miner charters
Rates for capesize bulk carriers on key Asian routes could hold steady or climb higher after prices jumped earlier this week on renewed chartering activity by operators including Vale and Fortescue Metals Group, brokers said.
Time Charter Contract Agreed for M/V Newlead Castellano
NewLead announced today that it has entered into a time charter contract for the recently delivered Handysize vessel, the "Newlead Castellano"...
Ship Rates Rise Most on Record as China Seen Buying Ore
The cost of shipping iron ore jumped the most on record amid speculation that Chinese traders are increasing purchases of the raw material used in steel. Daily rates for Capesize vessels hauling about 160,000 metric tons of the commodity jumped 38 percent to $12,580 today, according to the Baltic Exchange...
Lion Shipbrokers Weekly Report (W42)
In the bulkers segment, Lion Shipbrokers reports in week 42 that M/V "SININ" (52,466 dwt, blt 2005 Tsuneishi/Philippines) was sold to Greek buyers (clients of Seamar Management) for $13.8 million. The vessels was sold at auction on 10th October in Jiangyin, China.

Asia Dry Bulk-Capesize rates fall on cargo woes
Rates for capesize bulk carriers on key Asian routes are again likely to fall as the volume of tonnage limits any price gains from an increase in chartering activity, brokers said.

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