Dry Cargo

A new record year in dry bulk demolition under way?
The monthly average for the first six months in 2015 is 3.3m DWT. In 2014 the first half year averaged at 1.33m DWT per month.
Iron Ore Slumps Below $60 as Australian Exports Set to Surge
Iron ore exports from Australia will expand 10 percent next year, more than double the gain in 2015, as a new mine backed by billionaire Gina Rinehart ramps up supply, according to the government, which cut price forecasts.
NewLead Holdings Announces Time Charter for Newlead Albion
NewLead announced that it has entered into a time charter contract for one of its Eco-type dry bulk Handysize vessels, the Newlead Albion, for a minimum of two and a maximum of four months at the charterer's option.
Navios Maritime Partners L.P. Announces Long-Term Charter
Navios Partners announced that the Navios Fantastiks, a 2005-built Capesize vessel, has been chartered out for a period of 16-20 months at a rate of $12,825 net per day to a high quality counterparty. The charter will commence in July.
Scorpio Bulkers Announces Time Charter Out Agreement
Scorpio Bulkers announced that the Company has agreed to time charter-out the SBI Montesino, a Capesize vessel that is currently under construction in South Korea with delivery expected in July, 2015.
Greeks go for tankers secondhand (W25)

Lion Shipbrokers report (W25) clients of Tsakos Energy Navigation have acquired two tanker vessels en bloc at the price of USD 97 million each. Also in the tankers segment, Avin International were linked to the acquisition of M/T "BLS AMITY" at the price of USD 20 million. Clients of Thenamaris have moved for tanker vessel M/T "DS VIDONIA" for USD 57.5 million.

Capesize charter rates could ease as charterers cool market
Rates for capesize bulk carriers, which climbed this week to their highest level since the start of the year, could come under pressure as charterers limit cargo volumes due to healthy tonnage supply, ship brokers said.
Baltic Dry Index climbs to an all year high

The dry bulk market has been devastating so far in 2015. However, June has somehow reversed it all in less than three weeks if judged by the Baltic Dry Index (BDI). June has delivered what May was unable to – keeping the momentum going. Since the drop in January, we have seen the BDI average at 576 for the four months of February to May.
Star Bulk announces sale of M/V Star Christianna
Star Bulk, a global shipping company providing transportation solutions in the dry bulk sector, announced the sale of M/V Star Christianna (a 74,577 dwt Panamax vessel, built in 1998) to an unaffiliated third party.
NewLead Announces Time Charter for Newlead Castellano
NewLead announced today that it has entered into a time charter contract for one of its Eco-type dry bulk Handysize vessels, the Newlead Castellano, for a minimum of three and a maximum of five months.

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