Dry Cargo

Globus secures time charter for panamax bulker
Globus Maritime has lined up a time charter for one of its panamax bulkers. According to the Baltic Exchange, ED&F Man Shipping fixed the 56,867-dwt Star Globe (built 2010) for up to four months at a rate of around $10,000 per day.
Chinese Lignite Imports: Quantity over Quality?
In the first half of 2014, Chinese seaborne coal imports declined 0.4% y-o-y to 148mt, largely reflecting a 3.3% fall in imports of steam coal. Meanwhile, imports of lignite (a low-quality coal), which have risen strongly over the last few years, have remained a bright spot. In the first six months of the year, Chinese lignite imports increased by more than 20% y-o-y to 36mt.
Chinese Iron Ore Imports: Australia Gaining Share
In recent times, China’s iron ore imports have been one of the most impressive growth stories in dry bulk trade, with imports rising from 305mt in 2004 to 795mt in 2013.
Greeks go for bulkers

Intermodal reports deals involving Greek players in the secondhand market week 34. In the Panamax sector, we had the sale of the “ZHUSHUI 5” (79,501dwt - blt 12, China) , which was picked up by Greek buyers for a price of $20.9m.

Omicron & Olympic linked to acquisitions
A Lion Shipbrokers Weekly S&P Report (W34) reveals details of two deals involving Greek players. Omicron has moved for a 75,730 dwt bulk carrier while clients of Olympic Shipping have opted for tankers en bloc...
Diana Takes Delivery of Newly Built Capesize Dry Bulk Carrier
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v “G. P. Zafirakis” (formerly Hull No. BC18.0-50), a 179,492 dwt newly built Capesize dry bulk vessel that the Company entered into an agreement to purchase in June 2014.
Pan Ocean arrest lifted by court decision
The High Court of Singapore has upheld a first instance decision striking out the action by Transocean Oil Pte Ltd against the Pan Ocean’s boxship “STX Mumbai” and also set aside the arrest of the vessel, Clyde & Co, Pan Ocean’s legal representatives on the case said.
Ionic & New Shipping move for bulkers secondhand
A Carriers Market Report (W33) mentions Greece's Ionic Shipping has acquired bulk carrier NAVIOS TITAN (dwt 82,936 blt 2005 Japan) at the price of USD 17.7 million while New Shipping has moved for bulker LAN HAI JIN XIU (dwt 79,600 blt 2014 China) for USD 22.5 million.
Vessel values seen dropping as much as 28 pct - broker
Summer holidays are coming to an end, and activity in both S&P and chartering market shows signs of recovery. Pleasantly, charter rates in the dry bulk sector are improving, especially in the Capesize segment, spreading expectations for a stronger/profitable fourth quarter.
Star Bulk Agrees to Acquire 34 Drybulk Vessels
Star Bulk announced today that it has entered into definitive agreements with Excel pursuant to which the Company will acquire 34 operating vessels for an aggregate of 29.917 million shares of common stock of Star Bulk and $288.39 million in cash.

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